RE:RE:Renewables against O&Gsupersceptic wrote: RuudinFrance
I think you misread the report, ...
They stated that breakeven not will be $10, but needed to be to compete against renewable.
The report indicates that first big strike already happened second big one is 2023-2025 when EV will be same price with ICE without any incentive....
Supersceptic,
from a semantic point of view, you're completely right. Your "
needed to be" was an omission from my side.
I meant to say what you said better :-)
The report even states it clearly: "4.2 EROCI IMPLIES GASOLINE NEEDS OIL BREAK-EVENS OF $9-10/BBL OVER LONG TERM". My bad.
However, will there be enough solar/wind/nuclear/tidal/etc. electrical power generation to replace ICE's, even when there is enough battery capacity?
Presently, they're closing down coal/oil fired plants to be replaced by "green" energy. This cannot be seen as new energy for transport purposes.
2023-2025 is awfully close.
I suppose the report is written in order to get industry/governments to wake up before it's too late and many/most efforts to change to electric transport are shown to have been wasted.
It's a wake up call. Agreed, one of many, but it's good to see that BNP Parisbas is so concerned.
Well, I hope you enjoyed the report and find it a good polity statement in aid of our investment.
Have fun.