Today, (Sep 16) global energy giant BP (BP) wrapped up its three-day investor event, in which it "said the relentless growth of oil demand is over, becoming the first supermajor to call the end of an era many thought would last another decade or more." This is a big deal, as this Bloomberg article highlights: BP [...]
BP tosses in towel?
Started by ●September 21, 2020
Reply by ●September 21, 20202020-09-21
On Monday, September 21, 2020 at 5:05:37 PM UTC-4, Robert Baer wrote:> Today, (Sep 16) global energy giant BP (BP) wrapped up its three-day > investor event, in which it "said the relentless growth of oil demand is > over, becoming the first supermajor to call the end of an era many > thought would last another decade or more." This is a big deal, as this > Bloomberg article highlights: BP [...]It is no real surprise that the end of oil growth has started. It's no real surprise a major oil company is aware of it. The surprise is that a major oil company has acknowledged it. Just looking at EVs alone it is clear that in 5 years there will be a lot of excess oil production. There is some irony in the way the coronavirus has shuttered shale oil production in the US when they were operating on borrowed time anyway. I expect not much of that industry will resume in a year or even two when the virus is not hampering the economy and oil demand rises a bit. It will only be a short term boost until EV production has reached the point of impacting gasoline use. Sometime in the next year or so Tesla will be pumping out semi trucks that will be ideal for some of the trucking sectors and at least serviceable for other sectors. This will start to impact the demand for diesel as well. There is actually more competition with Tesla in the trucking sector in the short term, but the point is over the next half decade EVs will become mainstream impacting not just auto/truck sales but also the use of petroleum. Couple that with the production of inexpensive energy from wind and solar and you have a death spiral ahead for the oil market, a slow, downward spiral. Good the energy companies recognize this rather than ignoring the reality and tilting at windmills. Now they can work to be part of the total solution. -- Rick C. - Get 1,000 miles of free Supercharging - Tesla referral code - https://ts.la/richard11209
Reply by ●September 22, 20202020-09-22
On Mon, 21 Sep 2020 14:05:27 -0700, Robert Baer <robertbaer@localnet.com> wrote:>Today, (Sep 16) global energy giant BP (BP) wrapped up its three-day >investor event, in which it "said the relentless growth of oil demand is >over, becoming the first supermajor to call the end of an era many >thought would last another decade or more." This is a big deal, as this >Bloomberg article highlights: BP [...]I guess they want us (and the car-buying and house-lighting folks in India and Africa and South America) to buy our oil and gas somewhere else. We can do that. -- John Larkin Highland Technology, Inc Science teaches us to doubt. Claude Bernard
Reply by ●September 22, 20202020-09-22
On Tuesday, September 22, 2020 at 1:04:33 PM UTC+10, jla...@highlandsniptechnology.com wrote:> On Mon, 21 Sep 2020 14:05:27 -0700, Robert Baer > <rober...@localnet.com> wrote: > > >Today, (Sep 16) global energy giant BP (BP) wrapped up its three-day > >investor event, in which it "said the relentless growth of oil demand is > >over, becoming the first supermajor to call the end of an era many > >thought would last another decade or more." This is a big deal, as this > >Bloomberg article highlights: BP [...] > I guess they want us (and the car-buying and house-lighting folks in > India and Africa and South America) to buy our oil and gas somewhere > else. We can do that.But you need a different plant to burn it on. You should emigrate to Venus, where global warming has already run its course. What you ought to do is fuel your electric cars with renewable energy generated by windmills and solar panels, and heat your houses with reverse cycle air-conditioners, also powered from renewable sources. The fossil carbon extraction industry would lose a lot of it's income when that happened, and they want to put it off as long as possible. One of the ways they do that is by spending a lot of money on climate change denial propaganda. There's a whole industry devoted to doing this kind of work. https://en.wikipedia.org/wiki/Merchants_of_Doubt The output isn't all that plausible but there are enough gullible twits like you to make it worth doing. As Lincoln said, you can fool some of the people all of the time. -- Bill Sloman, Sydney
Reply by ●September 22, 20202020-09-22
On Mon, 21 Sep 2020 21:14:52 -0700 (PDT), Bill Sloman <bill.sloman@ieee.org> wrote:>On Tuesday, September 22, 2020 at 1:04:33 PM UTC+10, jla...@highlandsniptechnology.com wrote: >> On Mon, 21 Sep 2020 14:05:27 -0700, Robert Baer >> <rober...@localnet.com> wrote: >> >> >Today, (Sep 16) global energy giant BP (BP) wrapped up its three-day >> >investor event, in which it "said the relentless growth of oil demand is >> >over, becoming the first supermajor to call the end of an era many >> >thought would last another decade or more." This is a big deal, as this >> >Bloomberg article highlights: BP [...] >> I guess they want us (and the car-buying and house-lighting folks in >> India and Africa and South America) to buy our oil and gas somewhere >> else. We can do that. > >But you need a different plant to burn it on. You should emigrate to Venus, where global warming has already run its course. > >What you ought to do is fuel your electric cars with renewable energy generated by windmills and solar panels, and heat your houses with reverse cycle air-conditioners, also powered from renewable sources. > >The fossil carbon extraction industry would lose a lot of it's income when that happened, and they want to put it off as long as possible. One of the ways they do that is by spending a lot of money on climate change denial propaganda. There's a whole industry devoted to doing this kind of work. > >https://en.wikipedia.org/wiki/Merchants_of_Doubt > >The output isn't all that plausible but there are enough gullible twits like you to make it worth doing. As Lincoln said, you can fool some of the people all of the time.I think that long haul trucks still use quite a bit of fossil fuels along with lots of jets and ships. It will be quite a quite a while I think before we are anywhere near where we need to be to reduce emissions to make a dent. This, I believe, (in my possibly wrong opinion) is where capitalism can and is helping to further the renewable energy way of the future because they will be rewarded for their efforts. Enough people do understand the necessity of buying and using the RE produts and it makes them feel good about "helping the planet". The guvnmnt isn't going to pay for it all. Maybe some though.
Reply by ●September 22, 20202020-09-22
On Tuesday, September 22, 2020 at 1:53:19 AM UTC-4, boB wrote:> On Mon, 21 Sep 2020 21:14:52 -0700 (PDT), Bill Sloman > <bill.sloman@ieee.org> wrote: > > >On Tuesday, September 22, 2020 at 1:04:33 PM UTC+10, jla...@highlandsniptechnology.com wrote: > >> On Mon, 21 Sep 2020 14:05:27 -0700, Robert Baer > >> <rober...@localnet.com> wrote: > >> > >> >Today, (Sep 16) global energy giant BP (BP) wrapped up its three-day > >> >investor event, in which it "said the relentless growth of oil demand is > >> >over, becoming the first supermajor to call the end of an era many > >> >thought would last another decade or more." This is a big deal, as this > >> >Bloomberg article highlights: BP [...] > >> I guess they want us (and the car-buying and house-lighting folks in > >> India and Africa and South America) to buy our oil and gas somewhere > >> else. We can do that. > > > >But you need a different plant to burn it on. You should emigrate to Venus, where global warming has already run its course. > > > >What you ought to do is fuel your electric cars with renewable energy generated by windmills and solar panels, and heat your houses with reverse cycle air-conditioners, also powered from renewable sources. > > > >The fossil carbon extraction industry would lose a lot of it's income when that happened, and they want to put it off as long as possible. One of the ways they do that is by spending a lot of money on climate change denial propaganda. There's a whole industry devoted to doing this kind of work. > > > >https://en.wikipedia.org/wiki/Merchants_of_Doubt > > > >The output isn't all that plausible but there are enough gullible twits like you to make it worth doing. As Lincoln said, you can fool some of the people all of the time. > > > I think that long haul trucks still use quite a bit of fossil fuels > along with lots of jets and ships. It will be quite a quite a while I > think before we are anywhere near where we need to be to reduce > emissions to make a dent.I think you are in denial or at least lacking accurate facts. In 2018 gasoline production accounted for 9.3 million barrels of oil a day. Fuel oil was 4.1 million. Jet fuel was 1.7 million. So auto use dominates. I believe we can put a pretty sizable dent in this with EVs, both autos and trucks. The trucking industry is focused on costs like most. EVs present lower operating costs and will be worth swapping out fleets of vehicles to get those lower costs. It won't happen over night because there will need to be infrastructure built specifically for trucks. But there are no fundamental obstacles and it will happen. By 2030 the majority of trucks on the road will be quiet, non-poluting EVs mostly charged by renewable resources. Notice on the chart that only 0.11 million barrels of oil a day are accounted for by electricity generation. So it is unlikely increases in EV use will add to the carbon footprint.> This, I believe, (in my possibly wrong opinion) is where capitalism > can and is helping to further the renewable energy way of the future > because they will be rewarded for their efforts. Enough people do > understand the necessity of buying and using the RE produts and it > makes them feel good about "helping the planet". The guvnmnt isn't > going to pay for it all. Maybe some though.There is no real need for considering the ecological benefits of EVs to justify buying EVs. They are on the cusp at the moment, with Tesla claiming lower cost of ownership for EVs. Going forward as battery costs drop it will become clear that EVs are a less expensive means of personal transportation and a MUCH less expensive means of commercial transportation. The government isn't paying anyone to buy Teslas anymore. Tesla has reached a point of independence where they are competing head to head with ICE manufacturers and winning. The ICE manufacturers completely get this and are working feverishly to catch up and establish their positions in the race. By 2025 people won't be having these discussions anymore. It will be about whether Chevy, Ford, VW, Honda or Tesla is going to build the EV in your driveway. Even JL will have an EV because California will impose a $2,000 a year ICE tax. I could be wrong about that. It could be $5,000 a year. -- Rick C. + Get 1,000 miles of free Supercharging + Tesla referral code - https://ts.la/richard11209
Reply by ●September 22, 20202020-09-22
On Tuesday, September 22, 2020 at 12:45:39 PM UTC-4, Ricketty C wrote:> On Tuesday, September 22, 2020 at 1:53:19 AM UTC-4, boB wrote: > > On Mon, 21 Sep 2020 21:14:52 -0700 (PDT), Bill Sloman > > <bill.sloman@ieee.org> wrote: > > > > >On Tuesday, September 22, 2020 at 1:04:33 PM UTC+10, jla...@highlandsniptechnology.com wrote: > > >> On Mon, 21 Sep 2020 14:05:27 -0700, Robert Baer > > >> <rober...@localnet.com> wrote: > > >> > > >> >Today, (Sep 16) global energy giant BP (BP) wrapped up its three-day > > >> >investor event, in which it "said the relentless growth of oil demand is > > >> >over, becoming the first supermajor to call the end of an era many > > >> >thought would last another decade or more." This is a big deal, as this > > >> >Bloomberg article highlights: BP [...] > > >> I guess they want us (and the car-buying and house-lighting folks in > > >> India and Africa and South America) to buy our oil and gas somewhere > > >> else. We can do that. > > > > > >But you need a different plant to burn it on. You should emigrate to Venus, where global warming has already run its course. > > > > > >What you ought to do is fuel your electric cars with renewable energy generated by windmills and solar panels, and heat your houses with reverse cycle air-conditioners, also powered from renewable sources. > > > > > >The fossil carbon extraction industry would lose a lot of it's income when that happened, and they want to put it off as long as possible. One of the ways they do that is by spending a lot of money on climate change denial propaganda. There's a whole industry devoted to doing this kind of work. > > > > > >https://en.wikipedia.org/wiki/Merchants_of_Doubt > > > > > >The output isn't all that plausible but there are enough gullible twits like you to make it worth doing. As Lincoln said, you can fool some of the people all of the time. > > > > > > I think that long haul trucks still use quite a bit of fossil fuels > > along with lots of jets and ships. It will be quite a quite a while I > > think before we are anywhere near where we need to be to reduce > > emissions to make a dent. > > I think you are in denial or at least lacking accurate facts. In 2018 gasoline production accounted for 9.3 million barrels of oil a day. Fuel oil was 4.1 million. Jet fuel was 1.7 million. So auto use dominates. I believe we can put a pretty sizable dent in this with EVs, both autos and trucks. The trucking industry is focused on costs like most. EVs present lower operating costs and will be worth swapping out fleets of vehicles to get those lower costs. It won't happen over night because there will need to be infrastructure built specifically for trucks. But there are no fundamental obstacles and it will happen. By 2030 the majority of trucks on the road will be quiet, non-poluting EVs mostly charged by renewable resources. > > Notice on the chart that only 0.11 million barrels of oil a day are accounted for by electricity generation. So it is unlikely increases in EV use will add to the carbon footprint. > > > > This, I believe, (in my possibly wrong opinion) is where capitalism > > can and is helping to further the renewable energy way of the future > > because they will be rewarded for their efforts. Enough people do > > understand the necessity of buying and using the RE produts and it > > makes them feel good about "helping the planet". The guvnmnt isn't > > going to pay for it all. Maybe some though. > > There is no real need for considering the ecological benefits of EVs to justify buying EVs. They are on the cusp at the moment, with Tesla claiming lower cost of ownership for EVs. Going forward as battery costs drop it will become clear that EVs are a less expensive means of personal transportation and a MUCH less expensive means of commercial transportation. The government isn't paying anyone to buy Teslas anymore. Tesla has reached a point of independence where they are competing head to head with ICE manufacturers and winning. The ICE manufacturers completely get this and are working feverishly to catch up and establish their positions in the race. > > By 2025 people won't be having these discussions anymore. It will be about whether Chevy, Ford, VW, Honda or Tesla is going to build the EV in your driveway. Even JL will have an EV because California will impose a $2,000 a year ICE tax. I could be wrong about that. It could be $5,000 a year.Forgot the link... https://www.eia.gov/totalenergy/data/monthly/pdf/flow/petroleum.pdf -- Rick C. -- Get 1,000 miles of free Supercharging -- Tesla referral code - https://ts.la/richard11209
Reply by ●September 22, 20202020-09-22
On 9/21/2020 11:14 PM, Bill Sloman wrote:> On Tuesday, September 22, 2020 at 1:04:33 PM UTC+10, jla...@highlandsniptechnology.com wrote: >> On Mon, 21 Sep 2020 14:05:27 -0700, Robert Baer >> <rober...@localnet.com> wrote: >> >>> Today, (Sep 16) global energy giant BP (BP) wrapped up its three-day >>> investor event, in which it "said the relentless growth of oil demand is >>> over, becoming the first supermajor to call the end of an era many >>> thought would last another decade or more." This is a big deal, as this >>> Bloomberg article highlights: BP [...] >> I guess they want us (and the car-buying and house-lighting folks in >> India and Africa and South America) to buy our oil and gas somewhere >> else. We can do that. > You should emigrate to Venus, where global warming has already run its course. > Who caused that! -- This email has been checked for viruses by Avast antivirus software. https://www.avast.com/antivirus
Reply by ●September 22, 20202020-09-22
Ricketty Crazy Man wrote: =============================> > ( snip piles of utter garbage) > > Notice on the chart that only 0.11 million barrels of oil > a day are accounted for by electricity generation. So it > is unlikely increases in EV use will add to the carbon footprint. > >** Despite all the other insanities this trolling fuckwit posts - that one takes the cake. .... Phil
Reply by ●September 23, 20202020-09-23
On Tue, 22 Sep 2020 09:45:32 -0700 (PDT), Ricketty C <gnuarm.deletethisbit@gmail.com> wrote:>On Tuesday, September 22, 2020 at 1:53:19 AM UTC-4, boB wrote: >> On Mon, 21 Sep 2020 21:14:52 -0700 (PDT), Bill Sloman >> <bill.sloman@ieee.org> wrote: >> >> >On Tuesday, September 22, 2020 at 1:04:33 PM UTC+10, jla...@highlandsniptechnology.com wrote: >> >> On Mon, 21 Sep 2020 14:05:27 -0700, Robert Baer >> >> <rober...@localnet.com> wrote: >> >> >> >> >Today, (Sep 16) global energy giant BP (BP) wrapped up its three-day >> >> >investor event, in which it "said the relentless growth of oil demand is >> >> >over, becoming the first supermajor to call the end of an era many >> >> >thought would last another decade or more." This is a big deal, as this >> >> >Bloomberg article highlights: BP [...] >> >> I guess they want us (and the car-buying and house-lighting folks in >> >> India and Africa and South America) to buy our oil and gas somewhere >> >> else. We can do that. >> > >> >But you need a different plant to burn it on. You should emigrate to Venus, where global warming has already run its course. >> > >> >What you ought to do is fuel your electric cars with renewable energy generated by windmills and solar panels, and heat your houses with reverse cycle air-conditioners, also powered from renewable sources. >> > >> >The fossil carbon extraction industry would lose a lot of it's income when that happened, and they want to put it off as long as possible. One of the ways they do that is by spending a lot of money on climate change denial propaganda. There's a whole industry devoted to doing this kind of work. >> > >> >https://en.wikipedia.org/wiki/Merchants_of_Doubt >> > >> >The output isn't all that plausible but there are enough gullible twits like you to make it worth doing. As Lincoln said, you can fool some of the people all of the time. >> >> >> I think that long haul trucks still use quite a bit of fossil fuels >> along with lots of jets and ships. It will be quite a quite a while I >> think before we are anywhere near where we need to be to reduce >> emissions to make a dent. > >I think you are in denial or at least lacking accurate facts. In 2018 gasoline production accounted for 9.3 million barrels of oil a day. Fuel oil was 4.1 million. Jet fuel was 1.7 million. So auto use dominates. I believe we can put a pretty sizable dent in this with EVs, both autos and trucks. The trucking industry is focused on costs like most. EVs present lower operating costs and will be worth swapping out fleets of vehicles to get those lower costs. It won't happen over night because there will need to be infrastructure built specifically for trucks. But there are no fundamental obstacles and it will happen. By 2030 the majority of trucks on the road will be quiet, non-poluting EVs mostly charged by renewable resources. > >Notice on the chart that only 0.11 million barrels of oil a day are accounted for by electricity generation. So it is unlikely increases in EV use will add to the carbon footprint. > > >> This, I believe, (in my possibly wrong opinion) is where capitalism >> can and is helping to further the renewable energy way of the future >> because they will be rewarded for their efforts. Enough people do >> understand the necessity of buying and using the RE produts and it >> makes them feel good about "helping the planet". The guvnmnt isn't >> going to pay for it all. Maybe some though. > >There is no real need for considering the ecological benefits of EVs to justify buying EVs. They are on the cusp at the moment, with Tesla claiming lower cost of ownership for EVs. Going forward as battery costs drop it will become clear that EVs are a less expensive means of personal transportation and a MUCH less expensive means of commercial transportation. The government isn't paying anyone to buy Teslas anymore. Tesla has reached a point of independence where they are competing head to head with ICE manufacturers and winning. The ICE manufacturers completely get this and are working feverishly to catch up and establish their positions in the race. > >By 2025 people won't be having these discussions anymore. It will be about whether Chevy, Ford, VW, Honda or Tesla is going to build the EV in your driveway. Even JL will have an EV because California will impose a $2,000 a year ICE tax. I could be wrong about that. It could be $5,000 a year.It is interesting that there is a 25 percent tariff on Lithium battery cells from China if the cost is OVER 70 cents per cell. I think I can guess who is getting their cells for less than 70 cents when other may have to pay over $2.00 per cell