Quote:
Originally Posted by Tinordi
Who ever said that? Certainly not me.
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Not saying that you said it. Just that conversations about oil inevitably turns to renewables, when they're barely even related - renewables have nothing to do with oil demand. At this point anyways. If electric modes of transportation take a meaningful proportion of global transport someday, then it's different, but that day is a looooonnnng way off.
Oil demand continues to grow at 1% or 2%, I think around 2/3 of which is from emerging markets. As long as that number stays more or less in line, supply will fluctuate around it but the oil business will remain a going concern.
Given how cheap and plentiful nat gas is, it's not exactly doing any favours for renewables. Also nat gas is pretty clean. Renewables are not without warts, there's huge efficiency and other issues.
Agree with you that coal is dying completely. So dirty.