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Energy Investing
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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.) This works...  This does not...  -Rob |
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