Woolfsmck 2,763 Posted August 7, 2015 Share Posted August 7, 2015 yeah but the countries that focused a lot on green energy had little impact on the oil market Also as ive said over and over again, very little crude oil is used for energy so it doesnt make sense for political reasons. Its mostly for transportation and to a lesser degree oil products. Barely 2% of global oil consumption goes for electricity unconventional production rose with those high prices giving birth to alternate sources of oil, additionally high oil prices encouraged efficiency (cars that consume less for instance) OPEC ended up reducing demand for oil while simultaniously loosing market share to other producers... they did this to themselves Their mistake??? they thought they could manipulate oil prices forever and under-estimated the private sectors ingenuity to adapt. Green energy push in several EU countries is directed at transportation and oil consumption. Denmark for example set up government subsidies for the companies to build offshore windmill farms to power electric cars. Then put in special incentives for battery distribution centers for cars to pull up and change their batteries. The centers also charged batteries they had in stock using the wind produced electricity. Hence the demand for oil was impacted. Agreed, the impact has been slight... like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
Economy 52,861 Posted August 7, 2015 Author Share Posted August 7, 2015 Green energy push in several EU countries is directed at transportation and oil consumption. Denmark for example set up government subsidies for the companies to build offshore windmill farms to power electric cars. Then put in special incentives for battery distribution centers for cars to pull up and change their batteries. The centers also charged batteries they had in stock using the wind produced electricity. Hence the demand for oil was impacted. Agreed, the impact has been slight... its crazy cause over 80% of crude oil is used purely for transportation... and of that, the majority is cars If there was a quick change to electric cars, the oil industry would literally die in a span of very few short years wed only use oil for oil products like plastics and asphalts, fertilizers etc, and heavier forms of fuel for trucks and airplanes. Only the very lowest cost producers would still exist for that much smaller market global oil consumption would probably be less than 25 million barrels a day (right now we consume over 90 million) Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted August 7, 2015 Share Posted August 7, 2015 its crazy cause over 80% of crude oil is used purely for transportation... and of that, the majority is cars If there was a quick change to electric cars, the oil industry would literally die in a span of very few short years wed only use oil for oil products like plastics and asphalts, fertilizers etc, and heavier forms of fuel for trucks and airplanes. Only the very lowest cost producers would still exist for that much smaller market global oil consumption would probably be less than 25 million barrels a day (right now we consume over 90 million)'quick' prolly won't happen. The average car owner can't sell his gas car, and a new electric would be over their budge. Gradual is the only way. But the politics of money buying votes and big oil money block any serious efforts. Denmark doesn't have any oil and imports 100% ... so they have opted to go green, with the hopes of setting an example for other counties. like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
Economy 52,861 Posted August 7, 2015 Author Share Posted August 7, 2015 'quick' prolly won't happen. The average car owner can't sell his gas car, and a new electric would be over their budge. Gradual is the only way. But the politics of money buying votes and big oil money block any serious efforts. Denmark doesn't have any oil and imports 100% ... so they have opted to go green, with the hopes of setting an example for other counties. depends how quickly their prices fell and if there was another oil spike or not... i wouldnt be shocked if demand peaked by 2020 depending on circumstances such as economic growth, and how fuel efficient cars get in developing Countries... although more realistically id say oil will peak by 2030 ish one interesting twist tho is for so long we though oil shortages would force us to go alternative... Instead we have to force ourselves to do it cuz theres so much oil available now and lack of demand is what will kill the industry not lack of existing oil Link to post Share on other sites More sharing options...
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