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Thread: OPEC Reduction
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Old 04-07-2023, 08:43 AM
Vermilion Villager Vermilion Villager is offline
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Quote:
Originally Posted by tuccillo View Post
In reality, it is actually less than half, about 45%. I know people like to round up. Worldwide it is about 25%.
And I know people like to get hung up on the minutia when they're losing an argument. For the sake of that, OK....we'll use your numbers. If demand for that 45% was cut by half, then it would have an effect not only on that 45% but also the 55% that is used for other oil based products. Use me for an example… I pay $0 directly to the oil industry for my transportation, and it takes less total energy consumption for my electric vehicle to go 100 miles than my other car which is a gasoline powered Prius that gets almost 60 mpg. Toyota announced that they have over 1000 patents on battery technology that will replace lithium ion, and are going to roll out a solid state battery (what NASA uses in space) powered vehicle in 2025 that they claim will go 700 miles on a charge and be able to be recharged in 20 minutes. Up in Minnesota one of the large gasoline station chains is already starting to put in islands for EV charging. The handwriting is on the wall.