Oil companies are astroturfing hard right now. Battery manufacturing is making a huge dent in oil demand.
Cheap batteries combined with IGBT inverter technology basically enable intermittent energy sources like wind and solar to be stored efficiently and at very low costs then sold at a premium when electricity demand is high.
EV batteries tend to outlast the vehicles they’re put into, so if EV production ramps up the market will get flooded with cheap used batteries that can be repurposed for grid storage. Natural gas can’t compete with that on price.
It’s hilarious that in a thread about disinformation, there are folks spreading disinformation lol
Oil demand is up year over year.
The amount of EVs on the road barely registers on the demand for oil.
Oil is used in the production of damn near every product on earth including EVs.
Those big oil companies, have been investing in clean energy for 30 years now. They don’t care either way because they get money from clean energy and oil demand won’t disappear even if EVs are the dominate tech.
Will EV tech eventually impact oil companies? Yes, of course it will, but we are not even remotely close to that reality yet.
China is shifting production from fuel and into petrochemicals used to manufacture clean energy products. Each battery and solar panel they produce reduces fossil fuel demand.
Oil is used in the production of damn near every product on earth including EVs.
EV’s use a tiny fraction of the amount of petroleum used to fuel ICE.
IGBTs are still used frequently in power electronics. Not sure what this person is going on about. They are cheap off the shelf components that are very durable and robust… Except when they are not, but that’s usually because of bad engineering around it.
Oil companies are astroturfing hard right now. Battery manufacturing is making a huge dent in oil demand.
Cheap batteries combined with IGBT inverter technology basically enable intermittent energy sources like wind and solar to be stored efficiently and at very low costs then sold at a premium when electricity demand is high.
EV batteries tend to outlast the vehicles they’re put into, so if EV production ramps up the market will get flooded with cheap used batteries that can be repurposed for grid storage. Natural gas can’t compete with that on price.
It’s the IGBT woke agenda making your cars gay and your children electric!!
It’s hilarious that in a thread about disinformation, there are folks spreading disinformation lol
Oil demand is up year over year.
The amount of EVs on the road barely registers on the demand for oil.
Oil is used in the production of damn near every product on earth including EVs.
Those big oil companies, have been investing in clean energy for 30 years now. They don’t care either way because they get money from clean energy and oil demand won’t disappear even if EVs are the dominate tech.
Will EV tech eventually impact oil companies? Yes, of course it will, but we are not even remotely close to that reality yet.
https://arstechnica.com/cars/2023/11/280-million-e-bikes-are-slashing-oil-demand-far-more-than-electric-vehicles/
Bloomberg says e-bikes are already displacing about 1% of global oil demand. That’s a lot of oil.
SINOPEC announced that oil demand had already peaked in China, so this trend is likely to reverse a lot sooner than expected.
https://www.bnnbloomberg.ca/chinese-oil-refiners-spend-heavily-to-tap-clean-energy-boom-1.2004676
China is shifting production from fuel and into petrochemicals used to manufacture clean energy products. Each battery and solar panel they produce reduces fossil fuel demand.
EV’s use a tiny fraction of the amount of petroleum used to fuel ICE.
IGBT, what year is it?!
Insulated Gate Bipolar Transistor. It’s essentially a cheaper way to handle high voltages.
Previous technology was commodity only up to around 200V.
IGBTs are still used frequently in power electronics. Not sure what this person is going on about. They are cheap off the shelf components that are very durable and robust… Except when they are not, but that’s usually because of bad engineering around it.