RE: Arabs and oil
August 28, 2017 at 9:22 am
(This post was last modified: August 28, 2017 at 9:30 am by Anomalocaris.)
@atlas:
1. Demand for petroleum isn't going to evaporate. Where do you think most of the world's plastics and other organic structural and special purpose materials comes from?
2. Most of the carbon emission reduction by the electric generation sector in the world over the last 10 years had not been attributable to renewable. Most were attributable to conversion from coal to natural gas, which emits 1/3 as much CO2 as coal by MWH generated. Demand for natural gas will likely remain high. Middle eastern oil field will likely remain able to profit by natural gas production in the face of declining oil demand.
@ignormus: china has by far the largest installed solar and wind generation capacity in the world, and install more additional solar and wind capacity per year than any other country in the world. It has aroumd twice America's installed capacity in each of those category, and is adding new solar and wind capacity around twice as fast as the US.
However, china has both by far the largest renewable generation fleet in the world, and also by far the largest coal generator fleet in the world. China doesn't produce much natural gas from its tradition petroleum fields, and hasn't caught the fracking wave, so mass conversion from coal to natural gas as has happened in the US is not likely to happen any time soon in china.
1. Demand for petroleum isn't going to evaporate. Where do you think most of the world's plastics and other organic structural and special purpose materials comes from?
2. Most of the carbon emission reduction by the electric generation sector in the world over the last 10 years had not been attributable to renewable. Most were attributable to conversion from coal to natural gas, which emits 1/3 as much CO2 as coal by MWH generated. Demand for natural gas will likely remain high. Middle eastern oil field will likely remain able to profit by natural gas production in the face of declining oil demand.
@ignormus: china has by far the largest installed solar and wind generation capacity in the world, and install more additional solar and wind capacity per year than any other country in the world. It has aroumd twice America's installed capacity in each of those category, and is adding new solar and wind capacity around twice as fast as the US.
However, china has both by far the largest renewable generation fleet in the world, and also by far the largest coal generator fleet in the world. China doesn't produce much natural gas from its tradition petroleum fields, and hasn't caught the fracking wave, so mass conversion from coal to natural gas as has happened in the US is not likely to happen any time soon in china.
