Climate Change

[aveatry]

If EVs continue to improve and get cheaper as the industry expects then oil demand will drop and fewer new wells will be needed.

It's not a dying industry but it's one that is going to be smaller in the future.

Meanwhile

Exclusive: Stellantis resurrects diesel cars across Europe amid EV retreat

Fiat-to-Jeep owner Stellantis is quietly resurrecting diesel versions of at least seven car and passenger van models across Europe as it retreats from electric vehicles, according to a review of dealer websites and company statements to Reuters.

www.reuters.com

 

[transam]

Norway set up a national wealth fund for there oil / gas revenue

If I recall correctly

It was instigated by an Iraqi fella who was high up in there oil industry and

fled Saddams rule back in the day and sort refuge in Norway ??? He was interviewed about his life on radio 4 some while back

 

[MNW67]

Norway set up a national wealth fund for there oil / gas revenue

If I recall correctly

It was instigated by an Iraqi fella who was high up in there oil industry and

fled Saddams rule back in the day and sort refuge in Norway ??? He was interviewed about his life on radio 4 some while back

Doing the same would have had massively less significance here. Norway has ten times fewer people than the UK and has made three times more money out of their resources. So, their pot is thirty times bigger per person than ours would have been.

 

[transam]

Doing the same would have had massively significance here. Norway has ten times fewer people than the UK and has made three times more money out of their resources. So, their pot is thirty times bigger per person than ours would have been.

Yes there wealth fund is massive

And they had good fore sight

Not in the EU either afaik

 

[IT Minion]

Meanwhile

Exclusive: Stellantis resurrects diesel cars across Europe amid EV retreat

Fiat-to-Jeep owner Stellantis is quietly resurrecting diesel versions of at least seven car and passenger van models across Europe as it retreats from electric vehicles, according to a review of dealer websites and company statements to Reuters.

www.reuters.com

There's always going to be a Nokia or Kodak when the market changes.

 

[fixitflav]

and just to counter the silly argument about we sell it all on international markets and ours is too sweet or thin; our gov could commandeer it and other markets would trade some of ours for some of theirs. and even if they didn't, we could still make everything we need albeit in a less efficient manner.

I always thought that argument was clutching at straws, and even if it were true it would be better to get it ourselves than via Norway

it is a very tricky balance stabilising our global climate/atmosphere and not destroying our economy.

The present lot are leaning in the direction of destroying our economy .

 

[aveatry]

You have been lied to for years, the earth makes its own oil - it is basically an oil producing factory, it will never "run out"