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Lithium & Helium

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    #13
    Petroleum isn’t going away anytime soon. Even if every passenger vehicle went electric it would be lucky to cut demand in half. Until a substitute for plastics, asphalt, heavy transportation, and agriculture is found there will be demand. What I see coming is a major switch to LNG for power generation, ocean shipping; two major users of energy. Puts it in perspective with Russia and Quatar having the worlds largest reserves of the stuff. If predictions on population decline and urbanization come to fruition then general demand for energy in general will fall by the end of this century. I’d hate to know how much electricity is used up for computers and keyboard warriors. 😝

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      #14
      Originally posted by furrowtickler View Post
      And diesel fuel is needed for your tractors, combines, sprayers, swathers, grain trucks and the vast transportation network desperately needed to move our exports via trains, trucks and ships . And will be for a very very long time.
      So it’s a win win , and the push to shut down oil is ridiculous .
      And hydrogen will be the big energy source for intensive applications like ag manufacturing air travel and that will be extracted from oil not water.

      Resource industry has a long bright future in western Canada if it had just an ounce of support.

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        #15
        Originally posted by WiltonRanch View Post
        Petroleum isn’t going away anytime soon. Even if every passenger vehicle went electric it would be lucky to cut demand in half. Until a substitute for plastics, asphalt, heavy transportation, and agriculture is found there will be demand. What I see coming is a major switch to LNG for power generation, ocean shipping; two major users of energy. Puts it in perspective with Russia and Quatar having the worlds largest reserves of the stuff. If predictions on population decline and urbanization come to fruition then general demand for energy in general will fall by the end of this century. I’d hate to know how much electricity is used up for computers and keyboard warriors. 😝
        Google has the answer:
        the world's data centres alone will devour up to 651 terawatt-hours of electricity in the next year. That's nearly as much electricity as Canada's entire energy sector produces.

        If every passenger and light vehicle in the world switched to electric, and assuming that all of that electricity was produced by other than fossil fuel( Nuclear), it would cut world fossil fuel demand by 10%. The transport sector amounts to 25% of world energy(all energy, not just fossil fuel), and of the 25%, 40% of that is passenger and light vehicles.

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