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Re:Oil Needs to Fall Below $20 to Compete With Green Alterna... by JackPoach on Monday August 05, 2019 @07:42AM (#20613264)
Oil primary use is as motor fuel for cars, trucks, planes and ships, and it's also used a a feedstock for the chemical industry. Renewables haven't been successful in either yet. This article assumes that electric cars are going to take off and replace internal combustion engines, which may not happen after all.
Re:Oil Needs to Fall Below $20 to Compete With Green Alterna... by Brakenshire on Monday August 05, 2019 @07:50AM (#20613309)
The report is assuming that road transport will go to whichever technology is cheaper, and that current learning rates for batteries and wind/solar will continue for the next 25 years.
Re:Oil Needs to Fall Below $20 to Compete With Green Alterna... by JackPoach on Tuesday August 06, 2019 @04:37AM (#20623369)
Yeah, it's kind of like assuming that all religions will die in 25 years, because everyone will be 'rational'.