2023, The Year Oil Exporters Realise The Cheese Has Moved

[shocks]

Plug in vehicles registered 13% market share worldwide. According to studies on new technology adoption, this is how the curve looks,
At 13%, early mainstream will be breached in the next few months, and very likely it has been breached if you look at nos. in the last quarter of 2022. This means oil demand growth from vehicles has been arrested (60% of oil use).

In terms of time,
You will notice it takes the same amount of time to breach early adopters as it takes to get to 80%, meaning going forward oil demand will start falling.

So where does this leave our oil exporting brothers, naked up shit creek, without a boat, leave alone a paddle.
What do I foresee them doing going forward? Maximise output to protect market share and ensure no new expensive oil fields come to the fore. This means prices are expected to reduce going forward and never rise unless something very major happens e.g blockading of the Hormuz Strait.
So guys, take heart, one of the major factors slowing down our economy, high oil prices is about to be arrested.
Timeline is the next 12-24 months

 

[Cortedivoire]

Timeline is the next 12-24 months

 

[upepo]

So guys, take heart, one of the major factors slowing down our economy, high oil prices is about to be arrested.
Timeline is the next 12-24 months

Too optimistic. It will take 50-100 years for electric mobility to register any effect on oil production. More than five billion people are still waiting for vehicles and the accompanying lifestyles, and these cannot be electrical because there is not enough battery to replace a quarter of the existing fleet. Oil will most likely run out before fossil fueled cars disappear from our roads. Even for the developed world, a huge leap in battery technology will first need to happen for electricals to become the majority.

 

[kijanamrefu]

China is already at 30% locally and has 50% of electric cars globally.

 

[Wegrow]

What about power in the national grid

 

[upepo]

China is already at 30% locally and has 50% of electric cars globally.

Ukifuruta uji chunganga isiingie kwa kichwa.

 

[Wegrow]

Ukifuruta uji chunganga isiingie kwa kichwa.

Unamwambia hivi kwa nini

 

[upepo]

Unamwambia hivi kwa nini

He feeds on porridge, exclusively.

 

[shocks]

China is already at 30%

The biggest importer of oil is leading the way. USA was asleep but the next two years will see serios growth growth due the new subsidies

 

[shocks]

Too optimistic. It will take 50-100 years for electric mobility to register any effect on oil production.

Hehehehehe

 

[mzeiya]

Oil will most likely run out

Seen some guys claim this is a myth. Then again, people say all matter of things on the www

 

[kijanamrefu]

Ukifuruta uji chunganga isiingie kwa kichwa.

Mbona unaogopa reality?

 

[upepo]

Seen some guys claim this is a myth. Then again, people say all matter of things on the www

May not run out per se but might become prohibitively expensive to extract with time.

 

[mzeiya]

May not run out per se but might become prohibitively expensive to extract with time.

No wonder fracking is a thing..

 

[Amooti]

By 2035, 90% of cars in production will either be hybrid or completely electric. Sooner rather than later, and I suspect that is why the whole world is in a rush to pacify Congo, the components needed to rump up battery production will be in plenty.