Bottom line: it looks as if fossil fuel consumption as a whole slows down and peaks in five years (more or less), but oil will peak later because, initially, the renewable boom will reduce the use of fossil fuels in electricity generation faster than electrification of transportation.
Article shows an Oversimplification of so called renewable energy to replace fossil fuels so swiftly that it may happen prior to the maturity of Transportation via the sun or non-oil based. Accessibility to renewable energy is all about money. Money to buy expensive tech. Unless tech is given freely to the excluded groups. Even then, the culture and habit of switching to renewable energy can only be 100% upon prooven efficiency of the said tech (one that far exceed the performance of oil). Yes the time will come when oil no longer king, but It might be just pressed down to the same level as the other mean of energy source. To fully put aside oil...and thrive...as i said, alien tech.
US cpi release yesterday plus tmrow election. Monday once government firmed, line will be clear. Today panic sell, a lot of passenger off train...and became spectators.
Oil is arab 65℅ ish income. They are having coming mega project. The line building in dessert will need cash in billions...where do u think the money from? Will they let brent oil sell cheap?
Warren Buffett still holding 25% of occidental petroleum corporation, no plan to dispose the shares yet! We shall follow Warren Buffett to continue investing in crude oil producing company. Hv faith and you will be rewarded greatly.
China released much lower consumer and development stat. Naturally is low as they just come out of covid lockdown. But after this, full swing. A sudden bargain for the spectators.
Expecting the National Energy Transition Roadmap (NETR) and Hydrogen Economy and Technology Roadmap (HETR) of Malaysia would include hibiscus, the only listed crude oil producing company, to join the global effort to bring down global warming by installing carbon capture and storage (CCS) in hibiscus oil production plants. Cheers!
Remember all hibiscus oil well can potentially use for carbon dioxide storage and market it internationally in exchange for carbon credits! PETRONAS is given a task to make sure it is a success in line with NETR! Cheers!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
troy88
3,128 posts
Posted by troy88 > 2023-08-10 15:41 | Report Abuse
Let's go!