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Msg  420009 of 428876  at  5/21/2022 11:06:02 PM  by

robry825

The following message was updated on 5/21/2022 11:10:03 PM.

 In response to msg 419973 by  navajojoe
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Re: Reduced oil demand due to EVs

>> EVs will be sold in far higher numbers in Asia and Europe, especially in
>> Europe as they try to wean themselves off Russian oil, and that is where
>> the major reductions in oil demand will come from in the next few years.
>> No one should be discounting that factor.

The question is for every 1 MMBD reduction in oil demand, what is the MMBOED
addition in natural gas demand?

(I am a purist. I like the EV concept as long as it doesn't rob from Peter to
pay Paul. There are huge conversion losses to get from oil-derived gasoline
to natgas-derived electricity, plus the massive energy requirements of the
build-out of the electric grid.)

 
 
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-Rob 
 
 


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