There are some insanely (and impractical) efficient concept cars that run on petrol. However, I don’t think they will ever beat the efficiency of a comparable EV.
Ismail Yakar that’s not true. Like any company they will do what they have to in order to survive. If that means going green, they will do it. That does not mean we should like them or stop criticising bad practices.
Ismail Yakar that’s not true. Like any company they will do what they have to in order to survive. If that means going green, they will do it. That does not mean we should like them or stop criticising bad practices.
Ismail Yakar One could argue that Saudi Arabia is an oil company, since virtually all their revenue comes from oil export. Recognizing that they really need to become an energy company, if they are to survive, Saudi Arabia has become one of the world’s largest investors in developing renewable energy. This was driven by their realization several years ago that their reserve of cheap conventional oil is about to deplete below their ability to manipulate the price of oil, keeping it from going up into demand destruction levels (~$100/barrel). Within the next 10 years, OPEC collectively has announced that they will be unable to independently meet global demand. The world is not about to run out of oil, but oil is about to get very expensive. Above $100, about 80% of the planet can no longer afford oil, and will be forced to shift to other energy sources, whatever they might be. The last time oil moved significantly above $100 was 2008, which precipitated a global economic recession.
Ismail Yakar One could argue that Saudi Arabia is an oil company, since virtually all their revenue comes from oil export. Recognizing that they really need to become an energy company, if they are to survive, Saudi Arabia has become one of the world’s largest investors in developing renewable energy. This was driven by their realization several years ago that their reserve of cheap conventional oil is about to deplete below their ability to manipulate the price of oil, keeping it from going up into demand destruction levels (~$100/barrel). Within the next 10 years, OPEC collectively has announced that they will be unable to independently meet global demand. The world is not about to run out of oil, but oil is about to get very expensive. Above $100, about 80% of the planet can no longer afford oil, and will be forced to shift to other energy sources, whatever they might be. The last time oil moved significantly above $100 was 2008, which precipitated a global economic recession.
I think it’s fair to say that there are lots of ways we can improve the world we live in, but for businesses it is always going to be the bottom line. Renewable energy generation just happens to be cheaper to install and roll out than ‘conventional’ sources and the public love it too. It makes sense for big businesses to follow the money. It’s a cold and logical way of looking at things, but it is an important part of sorting out this damned mess we have got ourselves into.
I think it’s fair to say that there are lots of ways we can improve the world we live in, but for businesses it is always going to be the bottom line. Renewable energy generation just happens to be cheaper to install and roll out than ‘conventional’ sources and the public love it too. It makes sense for big businesses to follow the money. It’s a cold and logical way of looking at things, but it is an important part of sorting out this damned mess we have got ourselves into.
Mac Baird says
This trend should help the EV sales, as Iran economic sanctions add another $50 to the price of a barrel of oil over the coming year.
finviz.com – Futures Crude Oil Chart Daily
Mac Baird says
This trend should help the EV sales, as Iran economic sanctions add another $50 to the price of a barrel of oil over the coming year.
finviz.com – Futures Crude Oil Chart Daily
Ismail Yakar says
Shell is an oil company. Please dont be funny. They will never go for any other option then oil!
Ismail Yakar says
Shell is an oil company. Please dont be funny. They will never go for any other option then oil!
Alan Stainer says
Ismail Yakar that’s not true. Like any company they will do what they have to in order to survive. If that means going green, they will do it. That does not mean we should like them or stop criticising bad practices.
Alan Stainer says
Ismail Yakar that’s not true. Like any company they will do what they have to in order to survive. If that means going green, they will do it. That does not mean we should like them or stop criticising bad practices.
Ismail Yakar says
Alan Stainer This is my critic about all of them. Most of the companies anyway using the word GREEN for “marketing and PR”
Its not their intention to make world a better place. All they want is earning more money than last year what ever it takes.
I am the one that not choose to believe them. No reason to believe them.
Ismail Yakar says
Alan Stainer This is my critic about all of them. Most of the companies anyway using the word GREEN for “marketing and PR”
Its not their intention to make world a better place. All they want is earning more money than last year what ever it takes.
I am the one that not choose to believe them. No reason to believe them.
Reharna Johnson says
U have to believe it’s an oil company
Reharna Johnson says
U have to believe it’s an oil company
Mac Baird says
Ismail Yakar One could argue that Saudi Arabia is an oil company, since virtually all their revenue comes from oil export. Recognizing that they really need to become an energy company, if they are to survive, Saudi Arabia has become one of the world’s largest investors in developing renewable energy. This was driven by their realization several years ago that their reserve of cheap conventional oil is about to deplete below their ability to manipulate the price of oil, keeping it from going up into demand destruction levels (~$100/barrel). Within the next 10 years, OPEC collectively has announced that they will be unable to independently meet global demand. The world is not about to run out of oil, but oil is about to get very expensive. Above $100, about 80% of the planet can no longer afford oil, and will be forced to shift to other energy sources, whatever they might be. The last time oil moved significantly above $100 was 2008, which precipitated a global economic recession.
sciencedirect.com – Future of solar energy in Saudi Arabia
Mac Baird says
Ismail Yakar One could argue that Saudi Arabia is an oil company, since virtually all their revenue comes from oil export. Recognizing that they really need to become an energy company, if they are to survive, Saudi Arabia has become one of the world’s largest investors in developing renewable energy. This was driven by their realization several years ago that their reserve of cheap conventional oil is about to deplete below their ability to manipulate the price of oil, keeping it from going up into demand destruction levels (~$100/barrel). Within the next 10 years, OPEC collectively has announced that they will be unable to independently meet global demand. The world is not about to run out of oil, but oil is about to get very expensive. Above $100, about 80% of the planet can no longer afford oil, and will be forced to shift to other energy sources, whatever they might be. The last time oil moved significantly above $100 was 2008, which precipitated a global economic recession.
sciencedirect.com – Future of solar energy in Saudi Arabia
Alan Stainer says
I think it’s fair to say that there are lots of ways we can improve the world we live in, but for businesses it is always going to be the bottom line. Renewable energy generation just happens to be cheaper to install and roll out than ‘conventional’ sources and the public love it too. It makes sense for big businesses to follow the money. It’s a cold and logical way of looking at things, but it is an important part of sorting out this damned mess we have got ourselves into.
Alan Stainer says
I think it’s fair to say that there are lots of ways we can improve the world we live in, but for businesses it is always going to be the bottom line. Renewable energy generation just happens to be cheaper to install and roll out than ‘conventional’ sources and the public love it too. It makes sense for big businesses to follow the money. It’s a cold and logical way of looking at things, but it is an important part of sorting out this damned mess we have got ourselves into.