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Peak Oil Date #4643078
01/22/18 03:08 PM
01/22/18 03:08 PM
Joined: Dec 2017
Posts: 2,996
SE British Columbia, Canada
Snagglefoot Offline OP
Snagglefoot  Offline OP
Joined: Dec 2017
Posts: 2,996
SE British Columbia, Canada
The Bank of America Merril Lynch has released an article today predicting that Peak Oil Demand will occur during the year 2030, when 40% of all new vehicles will be electrically powered. That's 12 years from now. How do you think that stacks up? Do you think they will be accurate in their prediction?

SF popcorn popcorn2

Last edited by Snagglefoot; 01/22/18 03:08 PM.

If you want the job done right......do it yourself.
Re: Peak Oil Date [Re: Snagglefoot] #4643089
01/22/18 03:14 PM
01/22/18 03:14 PM
Joined: Mar 2017
Posts: 6,501
...
PimTac Offline
PimTac  Offline
Joined: Mar 2017
Posts: 6,501
...
WTHK.

I don’t put much if any faith in predictions. We were supposed to be in a ice age twenty years ago.

A lot of this stuff is guesswork of the Extreme kind.


Cannot see signatures any longer so it doesn’t matter.
Re: Peak Oil Date [Re: Snagglefoot] #4643091
01/22/18 03:18 PM
01/22/18 03:18 PM
Joined: May 2012
Posts: 1,832
The land of USA-made Subies!
SubieRubyRoo Offline
SubieRubyRoo  Offline
Joined: May 2012
Posts: 1,832
The land of USA-made Subies!
There was also an article I think back in the mid 50's... where Peak Oil was supposed to have occurred sometime long before the year 2000. It's just a way to keep the prices high and the oil mafia at the top of the money food chain. It was written by several oil company engineers... and was obviously bunk. Just as I believe this one is. I'm willing to bet that BOAML is heavily invested in XOM, RDS, Marathon, etc etc etc... if it was a dying industry would they place their personal financial futures on it?

Re: Peak Oil Date [Re: Snagglefoot] #4643110
01/22/18 03:27 PM
01/22/18 03:27 PM
Joined: Jan 2012
Posts: 422
hawthorne, Ca.
46Harry Offline
46Harry  Offline
Joined: Jan 2012
Posts: 422
hawthorne, Ca.
I'll believe this when I see it. Electric cars while being a good aren't ready for prime time unless there is a major breakthrough in battery technology.

Re: Peak Oil Date [Re: Snagglefoot] #4643112
01/22/18 03:29 PM
01/22/18 03:29 PM
Joined: Sep 2015
Posts: 1,594
USA
mk378 Offline
mk378  Offline
Joined: Sep 2015
Posts: 1,594
USA
The "peak oil" theory assumes that oil supply drives oil demand, actually it is the opposite.

No one in the oil business will admit that an excess of supply exists, for that would drive prices down.

Re: Peak Oil Date [Re: mk378] #4643114
01/22/18 03:35 PM
01/22/18 03:35 PM
Joined: Dec 2017
Posts: 2,996
SE British Columbia, Canada
Snagglefoot Offline OP
Snagglefoot  Offline OP
Joined: Dec 2017
Posts: 2,996
SE British Columbia, Canada
Originally Posted By: mk378
The "peak oil" theory assumes that oil supply drives oil demand, actually it is the opposite.

No one in the oil business will admit that an excess of supply exists, for that would drive prices down.


Actually, Bank of America is talking about Peak Demand instead of Peak oil, just like you mentioned.


If you want the job done right......do it yourself.
Re: Peak Oil Date [Re: SubieRubyRoo] #4643118
01/22/18 03:37 PM
01/22/18 03:37 PM
Joined: Dec 2017
Posts: 2,996
SE British Columbia, Canada
Snagglefoot Offline OP
Snagglefoot  Offline OP
Joined: Dec 2017
Posts: 2,996
SE British Columbia, Canada
Originally Posted By: SubieRubyRoo
There was also an article I think back in the mid 50's... where Peak Oil was supposed to have occurred sometime long before the year 2000. It's just a way to keep the prices high and the oil mafia at the top of the money food chain. It was written by several oil company engineers... and was obviously bunk. Just as I believe this one is. I'm willing to bet that BOAML is heavily invested in XOM, RDS, Marathon, etc etc etc... if it was a dying industry would they place their personal financial futures on it?


Actually Bank of America is talking about Peak Demand, not Peak supply as we are more used to hearing about.


If you want the job done right......do it yourself.
Re: Peak Oil Date [Re: Snagglefoot] #4643125
01/22/18 03:45 PM
01/22/18 03:45 PM
Joined: Dec 2006
Posts: 4,220
Port Orange, Florida
Panzerman Offline
Panzerman  Offline
Joined: Dec 2006
Posts: 4,220
Port Orange, Florida
Peak Oil is a joke.
Just like MK378 stated would the oil companies ever let out we will never use all the oil.
It's a drive to keep oil prices high and justify it.
They make they same profit regardless of the oil use.
Sell less gas, more per gallon. Less costs for them.
Always look who benefits from such talk and then take that with a teaspoon of skepticism.



2006 Dodge Ram 2500 Hemi 4x4
2016 Dodge Challenger Scat Pack
Re: Peak Oil Date [Re: mk378] #4643127
01/22/18 03:47 PM
01/22/18 03:47 PM
Joined: Jun 2002
Posts: 18,283
Elizabethtown, Pa
Al Offline
Al  Offline
Joined: Jun 2002
Posts: 18,283
Elizabethtown, Pa
Originally Posted By: mk378

No one in the oil business will admit that an excess of supply exists, for that would drive prices down.

Demand with respect to supply determines prices. Prices are what the public will pay.

If it became "known" (to JoeSixpack that supply is infinite..'olJoe might buy a gas guzzler along with the rest of the Joes: so demand goes up (supply stays the same) and so do prices.


Re: Peak Oil Date [Re: Snagglefoot] #4643148
01/22/18 04:14 PM
01/22/18 04:14 PM
Joined: Oct 2009
Posts: 3,514
Wet side WA
JohnnyJohnson Online content
JohnnyJohnson  Online Content
Joined: Oct 2009
Posts: 3,514
Wet side WA
Electric cars outrageous make up their hoping!

Look at the price on the Chevy Dolt!

Last edited by JohnnyJohnson; 01/22/18 04:15 PM.

2004 Corolla 126649
Out: VML 5w-30 TG4967 OCI 5007 Miles
In: EDGE EP 5W-30 Bosch 3311 122537 7-18-18
2006 Duramax 74478
Out: T6 5W-40 M1-303
In: T6 5W-40 XG9100 73705 4-22-18
Re: Peak Oil Date [Re: Snagglefoot] #4643160
01/22/18 04:29 PM
01/22/18 04:29 PM
Joined: Aug 2002
Posts: 14,563
Silicon Valley
PandaBear Offline
PandaBear  Offline
Joined: Aug 2002
Posts: 14,563
Silicon Valley
Depends on what the oil companies and nations do to promote the demand of oil. Lots of developing nations will get better and start using more oil, and when they get wealthier they will want an SUV instead of an econobox.

And they'll want better quality of life instead of more kids.

Last edited by PandaBear; 01/22/18 04:30 PM.

"You keep asking questions PandaBear and you'll end up a vegetarian like my wife" - Camu Mahubah
Re: Peak Oil Date [Re: JohnnyJohnson] #4643164
01/22/18 04:33 PM
01/22/18 04:33 PM
Joined: Aug 2002
Posts: 14,563
Silicon Valley
PandaBear Offline
PandaBear  Offline
Joined: Aug 2002
Posts: 14,563
Silicon Valley
Originally Posted By: JohnnyJohnson
Electric cars outrageous make up their hoping!

Look at the price on the Chevy Dolt!


When you look at long term prices things may be different.

Wireless phones, cameras, flash memories, computers, cars were all expensive yet end up as commodity and worthlessly cheap. A battery researcher I knew told me there's nothing prevent battery from going cheap other than production and R&D scale. She said when we run out of lithium we can easily go sodium to get cost performance ratio inline, and you know we'll never run out of sodium.


"You keep asking questions PandaBear and you'll end up a vegetarian like my wife" - Camu Mahubah
Re: Peak Oil Date [Re: Snagglefoot] #4643183
01/22/18 04:55 PM
01/22/18 04:55 PM
Joined: Jul 2017
Posts: 542
Texas (south)
FermeLaPorte Offline
FermeLaPorte  Offline
Joined: Jul 2017
Posts: 542
Texas (south)
I think that cars should be hydrogen powered. But I am a dreamer, so take my wishes with a grain of salt.


Always Mobil 1
2014 1.6L Nissan Versa Sedan, 5 spd, 5k OCI.
2011 3.5L Chevrolet Impala, Automatic, 5k OCI.
Re: Peak Oil Date [Re: FermeLaPorte] #4643334
01/22/18 07:30 PM
01/22/18 07:30 PM
Joined: Dec 2016
Posts: 7,143
Waco, TX
Linctex Offline
Linctex  Offline
Joined: Dec 2016
Posts: 7,143
Waco, TX
Originally Posted By: FermeLaPorte
I think that cars should be hydrogen powered.


Great.

Where do you get hydrogen from?
(I mean, where can you source it COST EFFECTIVELY?)

I have yet to see any source of it where it isn't VERY energy intensive to make.


"The evidence demands a verdict".
(Re:VOA)"it's nearly impossible to actually know the particular additives that are in there at what concentrations."
Re: Peak Oil Date [Re: Snagglefoot] #4643475
01/22/18 09:33 PM
01/22/18 09:33 PM
Joined: Jan 2017
Posts: 278
Iowa
Iowegian Offline
Iowegian  Offline
Joined: Jan 2017
Posts: 278
Iowa
Where do we get the electricity from to charge the electric car?
Imagine the grid requirements and all the new power plants necessary to supply enough power for all those electric cars.
My electricity is now 17 cents per kwh on order to pay for all the nee wind turbines and power lines.

Electric power is some of the most inefficient (power line loss) and costly.


2011 Equinox, 2.4l
2009 Sienna, 3.5l
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