Friday, February 3, 2017
the end of oil is not in a big hurry
Would you buy this car? If only 1% of towers of ilium readership answers that question, then Tesla will stay in business for the next few decades. Oil companies, meanwhile, had best be prepared for some turbulence. This blog predicts a reduction in the size of the petroleum liquids energy sector of around 5% over the next decade--in other words not by much.
The electrical revolution is ongoing. Grid enhancements, renewable energy systems, and electrified personal transport are significant growth sectors. Transportation that depends on oil will be robust in the coming years. Electric motors are no good at propelling trucks, trains, or cargo ships.