Coal & Oil on the way out?

[_aussieguy55]

https://www.brisbanetimes.com.au/busine ... 510rc.html

"Saudi Arabia is bowing to the inevitable. Aramco, the state-owned oil giant, is launching radical plans to switch its oil output from cars to petrochemical use over the next decade, implicitly accepting that the curtain is coming down on the era of petrol and diesel.

Amin Nasser, head of the giant state producer, said the global oil industry "faces a crisis of perception" and is failing to convince the opinion elites - or rising millennials - it has any place in a world imperilled by climate change.

"Time is not on our side," he told the annual IP Week gathering of oil and gas chiefs in London. "Our stakeholders are clearly tuning out. There is a worrying and growing belief among policymakers and regulators, investment houses, and NGOs, that we are an industry with little or no future."

Germany is going solar and wind. Solar cars will get cheaper. I have solar panels.My last bill was 238.00 credit

[_Res Ipsa]

It’s not a crisis of perception. It’s a crisis of reality.

[_canpakes]

Lots of folks connected with the higher levels of the auto industry are predicting the majority of their offerings will be electric, when forecasting out 15 years. This is going to be interesting.

[_subgenius]

It’s not a crisis of perception. It’s a crisis of reality.

Except that the science favors it being a crisis of perception....but why let that distract you?

[_Chap]

Lots of folks connected with the higher levels of the auto industry are predicting the majority of their offerings will be electric, when forecasting out 15 years

Yup. But all those guys are liberals and socialists. Top car industry executives usually are.

Fortunately the kind of people who have the training and experience to really understand the science and technology issues behind such decisions form the core of President Trump's voting base, so the US is safe for a while yet.