Quote:
Originally Posted by para transit fellow
I think some people are missing an important point.
One of the Big Three automobile manufacturers is winding-down production of internal combustion automobiles.
Their assessment of market trends is guiding their departure from selling vehicles using internal combustion engines over the next few years.
This is important that Alberta take note of this decision. Transportation is currently the largest segment of petroleum use. If the transportation drops by half in the next 7yearsthere is going to be a large change in the north american demand for oil products.
We need to stop complaining about who suffered the bigger job cuts and get on the path to figuring out where we can advantage the next-best oil markets
Additional challenge... If this market change is happening on other continents... How are planning to compete against oil producers that are closer to the remaining region that will continue to rely on oil?
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Oil consumption in the US for transportation is expected to level off @ 13B barrels/day. Personal transportation accounts for about 60% of transportation energy use. Transportation use accounts for less than a 1/3 of total energy use. That’s roughly 20% of energy needs and uses.
No matter what is occurring with the passenger vehicle market (and as pointed out, it’s trending to utility vehicles not just non-combustion), there is a huge market next door, to say nothing of Canadas own need. A closed GM plant is not a reliable indicator of needs.