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:-))
Bannor 11:07
Am I to take it you're going to cook a nut loaf over coals?
Along with storage and 100% renewable generation:
Washington is looking to become the fourth state to make the move to 100% renewable electricity, with only a senate review and the hand of Governor Inslee left in the path of SB 5116.
One thing is certain IMVHO,
ICE sales will collapse and so will oil prices, sure we will still need oil but the critical use that props up the price transport,
https://www.express.co.uk/life-style/cars/1115945/Electric-cars-cheaper-buy-petrol-diesel-sooner-expected-2022
Figures are backing up the drastic decline in ICE sales.
The EV's are coming there is no doubt.
For what it's worth:
"Climate Feedback"
https://climatefeedback.org/
===[
Accurate information is the foundation of a functioning democracy
WHAT WE DO Climate Feedback is a worldwide network of scientists sorting fact from fiction in climate change media coverage. Our goal is to help readers know which news to trust.
]===
Bannor,
100% spot on imo.
Right, out in fresh air for rest of Easter.
&.... just in case there's any misunderstanding I am not against lifestyle choices of any description except extreme ones with a few who think it's OK to push & press their own choices & opinions on others who don't hold the same view..... same goes for religious extremists of any faith....
..... I've usually found where there are extremes of opinion somewhere near the middle is the truth..... so take a mix of the position of the seed eating, nut pushing vegetarians & vegans climate change advocates & activists ....jumble it up with the oil & coal is king (possibly funded by those same institutions) & there's no such thing as climate change its just the planet's natural cycle ... somewhere in the midst of that is where I'm at.....
Bit like the NRA funded freedom & rights to bear arms for self protection which contributes annually to the senseless murder of hundreds if not thousands of innocent men, women & children.
...... whether overstated or not in my opinion is a bit of a moot point & there are also potential reasons why people profess & disseminate strong views one way or the other whether altruistic or selfish.... regardless there is a (hopefully) a fundamental shift of opinion away from fossil fuels irrespective of any potential climate change benefits (or not if you like!) & over time it should improve the basic quality of the air we all breathe.
I'm finding it hard on who to believe on climate change. Just read this https://www.breitbart.com/europe/2019/04/18/more-outrageous-green-lies-from-attenborough-and-the-bbc/
Who knows if it's true??.
Anyway back to KDNC - EV's are slowly arriving which is good news ( also good news, that even though power created to make electricity is from fossil fuels, there are 2 good points:- 1. no pollution in towns, 2. better filtration systems at power stations to control obnoxious gases)
Think this year is big for KDNC with this and iron ore.
“Greta is coming to the UK at a time of unprecedented public awareness and action around climate change – and will deliver a powerful message to politicians that they cannot ignore either the rising seas or the rising citizens’ movements demanding action,” said Lucas.
https://www.theguardian.com/environment/2019/apr/19/greta-thunberg-hopes-to-join-climate-protests-during-london-visit-extinction-rebellion?CMP=Share_iOSApp_Other&fbclid=IwAR0MWyJrnJUxKFATkXn0YH0tOUkkElt3I6DliDYBjG9yG5SHn_qfRKiEZwY
The momentum is growing at an astounding pace,
After several hours of analysing oil pricing and contributing factors I can confidently say its in the hands of these two powerful men:
https://www.youtube.com/watch?v=rXiSafSqXAY
If it's oil you are interested in, take a read of section 2.3 on page 39. I'd be interested to hear of any flaws in their analysis.
@bladehater it's worth reading up on the works of Tony Seba if you haven't already. Here is a good, albeit rather involved, starting place if you'd rather read than watch his many presentations available on YouTube:
"Rethinking Transportation 2020-2030 - The Disruption of Transportation and the Collapse of the Internal-Combustion Vehicle and Oil Industries" (May 2017)
https://www.rethinkx.com/executive-summary
https://static1.squarespace.com/static/585c3439be65942f022bbf9b/t/59f279b3652deaab9520fba6/1509063126843/RethinkX+Report_102517.pdf
===[
Executive Summary
We are on the cusp of one of the fastest, deepest, most consequential disruptions of transportation in history. By 2030, within 10 years of regulatory approval of autonomous vehicles (AVs), 95% of U.S. passenger miles traveled will be served by on-demand autonomous electric vehicles owned by fleets, not individuals, in a new business model we call “transport-as-a-service” (TaaS). The TaaS disruption will have enormous implications across the transportation and oil industries, decimating entire portions of their value chains, causing oil demand and prices to plummet, and destroying trillions of dollars in investor value — but also creating trillions of dollars in new business opportunities, consumer surplus and GDP growth.
The disruption will be driven by economics. Using TaaS, the average American family will save more than $5,600 per year in transportation costs, equivalent to a wage raise of 10%. This will keep an additional $1 trillion per year in Americans’ pockets by 2030, potentially generating the largest infusion of consumer spending in history.
We have reached this conclusion through exhaustive analysis of data, market, consumer and regulatory dynamics, using well-established cost curves and assuming only existing technology. This report presents overwhelming evidence that mainstream analysis is missing, yet again, the speed, scope and impact of technology disruption. Unlike those analyses, which produce linear and incremental forecasts, our modeling incorporates systems dynamics, including feedback loops, network effects and market forces, that better reflect the reality of fast-paced technology-adoption S-curves. These system dynamics, unleashed as adoption of TaaS begins, will create a virtuous cycle of decreasing costs and increasing quality of service and convenience, which will in turn drive further adoption along an exponential S-curve. Conversely, individual vehicle ownership, especially of internal combustion engine (ICE) vehicles, will enter a vicious cycle of increasing costs, decreasing convenience and diminishing quality of service.
]===
Although I post this in the context of this thread, the conclusions from this report suggest a massive demand uptake in the minerals KDNC are interested in - lithium in particular.
On topic report from Tesla this week:
"Tesla’s Impact Report gets nod of respect from corporate sustainability firm" (April 18, 2019)
https://www.teslarati.com/tesla-environmental-impact-report-corporate-sustainability-review/
https://www.tesla.com/ns_videos/tesla-impact-report-2019.pdf
===[
The results of Tesla’s first impact report revealed an encouraging picture of a young company that is working hard to achieve the very ambitious goal of accelerating the world’s transition to sustainable energy. The report covered several important points, including the amount of C02 saved by the company’s fleet of all-electric cars. With around 550,000 vehicles on the road since the days of the original Tesla Roadster, the company noted that its zero-emissions fleet has driven over 10 billion miles to date, helping prevent more than 4 million tons of C02 from polluting the environment,
Tesla also revealed that its Energy business, which is comprised of products like solar panels, the Solar Roof, the Powerwall 2, and the Powerpack, have generated a total of 13.25 TWh worth energy to date. This figure is far above the energy consumption of the company’s fleet of Model S, Model 3, and Model X, which have consumed a total of 5.26 TWh worth of energy to date.
]===
Some interesting sections describing the energy use in the gigafactory where gas would have traditionally been used in the industrial processes, and the sourcing and recycling of battery materials.
Agree Bannor.
Jim, I am also an investor in KDNC, but not as much as UKOG (also VAL , BCN & TLG if you want to know a few. I do not troll boards, only look at ones I'm invested in.
I have no hidden agenda and think that we MUST do something, but it will take in excess of 20 years to oil products reduce significantly in reality. That's my only point I was making and
PS currently oil is 80$ and whilst there is much oil left, even at these levels cannot be extracted at a profit. That's why my investment decisions are such.
....indeed Germany's Reliance on fossil fuels for industry is still well over 50% (primarily coal) ..... it doesn't seem to take into account though that the generation of power itself for at least some of the conversion consumption (I assume!!) should also be changing & needs to change greatly for emissions to be met in any event & then also for the running of an EV......... it all needs a major overhaul in turning more to renewables rather than fossil fuels.
It’s all about embodied energy as far as EVs go and their claimed ecological benefits. See here: https://www.stuttgarter-zeitung.de/inhalt.studie-aus-deutschland-forscher-sehen-elektroauto-als-klimasuender.1e1cef55-5810-4766-ad15-bf8650a47a34.html
It’s possible to claim that they emit more CO2 than diesel cars, if the current energy mix of Germany is taken into account. Without nuclear the whole EV thing will produce more CO2 than current cars if the embodied energy based on current energy mix is taken into account.
Sorry, I apologise to all regular posters for getting caught up in a protectionist conversation with bladehater from the UKOG BB.
Back to battery materials:
Expect some serious press in early to mid-May when the US starts to look seriously at supply chain____ :-)
No, I wouldn't argue with the many uses and need for oil but given the choice of running a car for 1.5p per mile and reducing the impact on air pollution and climate change, I believe many would take that choice and indeed they are.
A 25% to 30% reduction in oil demand will see the price of oil plummet and no one will be paying anywhere near today's prices.
It's not that long ago when it was near $30 bbl, the fact is there are countries producing at $10 bbl.
www.experts123.com/q/what-are-the-main-uses-of-crude-oil.html
Can you honestly do without all those things on that list?
NO
all tosh imo
When we talk about predictions I start thinking of how Tony Seba has been so accurate on transport and disruption, I doubt this will be a popular subject but oil price collapse within a couple of years and many methods of oil production will disappear $25 or less to be viable.
https://youtu.be/pLR_PGRUZwU?t=30
And many of the predictions made 30, 20 or 10 years ago are now a reality and millions are suffering the consequences.
luckily the cost of producing energy from wind or solar can now compete against fossil and nuclear.
Within the facts are a lot of opinions, extrapolations and predictions.
Be careful what the media say, the bbc are bent,
Just saying, and yes we must do something to improve things.