Oil Industry Is Fading Away

[biglentil]

The coal fired electric vehicles in Tiwan are causing more pollution not less.

Very well could thats not what interests me. An electric car is now the number 1 selling car in California and Tesla the world's most valuable auto maker. VW has suspended all R and D in regards to their ICE motors. Thats it no new gasoline motors.

[furrowtickler]

Peter Pan syndrome,

https://www.aconsciousrethink.com/4301/7-signs-man-suffers-peter-pan-syndrome/ https://www.aconsciousrethink.com/4301/7-signs-man-suffers-peter-pan-syndrome/

Yup absolutely perfect description 👍

[helmsdale]

Very well could thats not what interests me. An electric car is now the number 1 selling car in California and Tesla the world's most valuable auto maker. VW has suspended all R and D in regards to their ICE motors. Thats it no new gasoline motors.

When they started putting on triple and quad turbochargers, running 0w20 synthetic oil, and physically shutting them off at stop lights, it made me think their R&D was tapped out.

[AlbertaFarmer5]

Very well could thats not what interests me. An electric car is now the number 1 selling car in California and Tesla the world's most valuable auto maker. VW has suspended all R and D in regards to their ICE motors. Thats it no new gasoline motors.

But all of that is irrelevant to demand for fossil fuels, since the electrical grid is still ( and for the forseeable future) powered primarily by fossil fuels. All it will accomplish is to change some demand from oil to nat gas and coal. And those passenger vehicles only consume 1/4 of the worlds oil, and oil only amounts to less than 40% of world fossil fuels by energy content.

So 10% of fossil fuel demand has the potential to be affected by switching to 100% EV's which will still be primarily fossil fuel powered at the other end of the cord.

[6V53]

Electric grid in the suburbs can't handle the demand either.

[jazz]

One thing should be clear, elctric car drivers may never come back to ICE, but also once an industry is abandoned like in Venezuala or our own fisheries here in Canada, its likely ti never come back either. Now the chinese fish our coasts.

Allowing a natural conversion over to electric is fine, forcing it before its ready is a recipe for disaster.

This is how you bring an economy back, your reinvigorate your main industries. Quick dick knows.

[the big wheel]

How do you bring an industry back without demand? Have to have lower costs. The oil industry was the driver of higher wages higher prices for every other product we buy for all of us it created a problem for itself and all of our industries ironic in a way it did this to itself.

Hope this becomes an election issue we can’t just sit here wait for the world to come to us.

Maybe no one wants to talk about it because it makes the liberals look like they knew what was coming? And I know the response will be they created this but really did they? Another pipeline trans mountain what would that have done? The one thing is we should be using oil across Canada from Canada.
But how much would that really change things also? The less oil we buy from someone else the less products they buy from us sometimes.
Our hero trump created a change in the oil economy by giving the Middle East to Russia and the saudis. It’s a fact can’t be denied.

The Chinese have been building islands off their coast each time they do they expand their claim into the South China Sea which supposedly has billions of barrels of oil.

More and more claims that oil is not running out because it’s replenishing itself.

We need to wake up and see what s happenning. Not saying to totally get out of it but start looking at other ideas.

[bucket]

Local gas price price 1.069......that is not justified....but governments need their revenue.

[sawfly1]

Certainly a new world when oil field
Consultants are looking for work
Driving trucks or combines.
I have had 2
Pretty big drop in pay for them.

To The truckers , though , if they are still working , for them it
Is a raise in pay. Since their rates have been cut so much.
I hired the trucker , and happy to have him.

Technology has worked too well and made too much oil.
You guys may be right about pipelines not solving anything , as dumping more oil in a flooded market fixes what exactly?
We could force the east to use western oil,
Which might help a bit.
But remember that is socialism.
Just like two price wheat was. ( if you are old enough to remember it)

[jazz]

Canadas oil industry has a natural limit placed on it now. The US has all our oil it needs and they have doubled production. Very little appetite for our crude being exported on tanker. Might see the odd shipment to Asia or Cali now and then if spreads vary.

Our big opportunity is to cut eastern Saudi and US crude imports off and look at some incremental refining opportunities and start dipping our toes into the rare earths and hydrogen. That's about it. TMX is the key to that. I see why Kenny is so hot about that one project. Even if we have to tanker it through the panama canal, that's still closer than Saudi shipments.