Quote:
Originally Posted by hulkrogan
A form of energy that is much cleaner and produces less CO2 than oil is already widely available for about 1/4 of the price of oil.
The increase in demand for that form of energy is not exactly moving quickly.
Even when the market suggests there should be a big shift, the existing infrastructure and equipment in the world makes these changes very slow.
It's not some oil lobby preventing anyone from using cleaner energy sources.
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You're talking natural gas?
If you think demand growth has been slow for natural gas then I would suggest you review the data. Natural gas demand growth has been in the order of 20% per annum in China over the past ten years.
And yes natural gas trades for about 1/10th the cost per GJ as diesel right now. That WILL move to equillibrium over the next ten years especially in heavy duty freight.