Post by
Nextlegup on Jun 26, 2023 11:04am
I think a lot of people don't even get it....
Oil and Gas is gonna be around for some time whether we like it or not.
I don't think people have really sat down to think about what oil and gas represents...it's energy plain and simple. When people talk about electric vehicles, for some reason they seem to think the electricity that powers them is somehow an alternative...These batteries simply act as a method of transporting that energy that powers the vehicles...it's a carrier, it isn't energy...That energy has to come from somewhere else, to recharge those batteries, and more often than not...the energy that goes to refuel comes from hydrocarbons....
What's going to happen in those areas of the world suffering from the heat of the summer and experiencing "Brown Outs"...Gonna get a little tougher to recharge perhaps?
Comment by
Greenday on Jun 26, 2023 12:23pm
No one form of energy will dominate in the years ahead. SMR's (small modular reactors) are the next generation of energy production as they're moving past the development stage and into deployment but they're not going displace O & G for a long long time.