Quote:
Originally Posted by PepsiFree
Sounds like you’re the one who doesn’t understand the industry. Even Shell has come out with a prediction that oil demand is seat to peak in the next five years and start to fall away as other energy sources overtake it.
Will oil disappear in 40 years? No. Will we be much much less reliant on it than we are today as other energy sources take over? Absolutely.
Just because it’s something you can’t personally imagine, doesn’t mean it’s hyper groupthink and idealist nonsense. If it is, I guess you’re one of the very few in the world not in “the group.” How does sand taste?
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So “oil will be phased out” but it won’t be phased out in the next 40 years?
Sorry what exactly are we talking about here? I guess let’s try this another way, what do we all mean by “oil will be phased out”?
Because you made a statement I can agree with but it doesn’t mean what’s implicated by Biden tonight, or whatever he said was very disengenuous and by the way if there’s any country on earth I don’t believe for a millisecond that gives a rats ass about “phasing out oil” it’s the United States. Any global consumption chart for the last 3 or 4 decades should tell you that.
And no, sorry, when it comes to energy, oil is not going anywhere in a material way. In fact if you follow along the BP’s and Shell’s of the world, even they don’t say that. So what are we talking about when we say “phasing out”. The way Biden tried to characterize it or the reality of what’s going to happen (people will still use a #### ton of it)?