Essays by Eric Worrall
h/t Orange_WORLD; Aside from the Covid lockdown, there is no evidence that demand for oil is falling.
Robert Lyman: ‘The truth about oil’ is that the world continues to use more oil
It’s time to face the false truth about oil because of the pretense that it is
Robert Lyman, Special for Post Office Finance
Published January 5, 2023 • Last updated 18 hours ago • Read 2 minutesWhat psychologists call “false truth” is the tendency for people to believe anything, no matter how false, as long as they hear it repeatedly enough. supporters climate The alarm is constantly repeating that the world is using less and less oil and that this trend is unrelenting and inevitable. By their logic, the reduction and eventual cessation of oil production merely facilitated an ongoing trend. But that “truth” is completely illusory.
2022 version of the BP Statistical Review of World Energy provides data on global crude oil demand. According to the assessment, from 2002 to 2019, total world demand increased by 19.5 million barrels per day, from 78.3 million to 97.7 million. The average annual increase from 2009 to 2019 was more than one million barrels per day per year. This is the fastest absolute growth in oil demand over a comparable period never.
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Data for 2022 is not yet available, but reports from the US Energy Information Administration indicate that global oil demand has resumed its large pre-pandemic annual uptrend. That’s not surprising, based on 2009-10’s experience. As the chart shows, consumption fell sharply after the financial crisis but after about two years, it has essentially returned to its previous growth path.
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Read more: https://financialpost.com/opinion/truth-about-oil-world-keeps-using-more
Interestingly, there seems to be a lot of pent-up demand for electric vehicles, as if they are cheaper, have more range and are easier to recharge.
Survey shows that interest in electric vehicles has increased significantly
However, initial costs and concerns around operating range and charging logistics are holding back many potential buyers.
Published July 8, 2022
US consumer interest in electric vehicles is growing rapidly, according to word detection Consumer Reports survey release Thursday. This year, 14% consumers said they would definitely buy or rent an electric-only car if they got one today, compared with just 4% in the organization’s 2020 survey.
“What surprised me about the survey’s results was how many Americans are actually interested in buying or renting an electric vehicle,” said Mary Greene, senior policy adviser to CR’s sustainability policy team. . Greene attributes the change to mainly two factors: the high cost of gas and the perception that “environmental impact” people are aware that electric vehicles can reduce that impact.
Overall, 71% of respondents to a nationally representative survey of 8,027 US consumers expressed some degree of interest in buying or renting an electric vehicle. But only 9% describe themselves as “very familiar” with the fundamentals of owning an electric vehicle. According to the survey, the top concerns that keep consumers from buying an electric vehicle are charging logistics, how far they can drive before needing to be recharged, and the costs associated with purchasing and maintaining an EV.
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Read more: https://www.utilitydive.com/news/consumers-ready-buy-electric-vehicle-today-survey/626829/
Even as prices drop and chargers are built, there’s still a big power problem. Generators and power lines created for households using 5-20KWh per day will be directly planted, if more people start using electric vehicles and demand will skyrocket overnight to 60- 100KWh per day per household.
This risk of overload is not addressed by the fact that many of the greenest countries and states also have the biggest capacity problems, unreliable power grids. California recently had to ask EV owners to avoid charging during peak electricity usageafter their green energy-heavy grid buckled during a heatwave.
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