Oil Needs to Fall Below $20 to Compete With Green Alternatives

Re:Oil Needs to Fall Below $20 to Compete With Green Alterna... by Brakenshire on Monday August 05, 2019 @08:17AM (#20613476)

The grid is built to handle peak demand, and electric vehicles will mostly be charged off-peak and in particular overnight when there is substantial surplus capacity on the grid, so the need to increase grid capacity will not be as significant as you might think.

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Re:Oil Needs to Fall Below $20 to Compete With Green Alterna... by toomuchtodo on Monday August 05, 2019 @10:35AM (#20614529)

An old NREL report from about 5-10 years ago is floating around somewhere that shows that ~77% of light vehicles (ie cars) in the US can be transitioned to electric without any additional grid generation capacity.

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Re:Oil Needs to Fall Below $20 to Compete With Green Alterna... by tialaramex on Monday August 05, 2019 @09:40AM (#20614079)

People tend to assume that 100MWh less energy from oil means 100MWh more electricity for the same transport need, but ICE is horribly inefficient so that's not how it works. Most of the energy in that oil is just wasted, an efficient conversion would be too heavy and expensive for a motor vehicle, and oil is so energy rich you get plenty of performance without bothering.

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