The oil and gas giant British Petroleum (BP) predicted in a report published last week that although electric cars are increasingly being put on the roads and renewable energy growing at exceptional rates, fossil oil extraction, production, etc. which needless to remind is BP’s main business line, would not only remain in demand but see this latter rise to unprecedented levels. The reason for this unabated level in demand would be according to this report the greater numbers of the Third World countries (cum Emerging) populations reaching levels of prosperity allowing car ownership. The question beside that of the validity of fossil oil demand predicted not to decrease in the future, is which direction the automotive manufacturing industry would take in the same time. Would it be Electric and / or Self-Drive cars and in which part of the World that will be on the roads? And most importantly, which type of energy would be used in which type of vehicle ?
We republish the following Brookings article on driveless cars as these obviously will be marketed mainly in the so-called First World. It is Driverless cars are coming: Here are 8 useful facts about them by Fred Dews. [. . .]
This article by Nafeez Mosaddeq Ahmed, Investigative journalist, recovering academic, tracking the Crisis of Civilisation patreon.com/nafeez was published on Medium.com of January 5th, 2017. We republish it for all intents and purposes, above all for its spreading further afield. Bracing for the oil, food and financial crash of 2018 could be as we kick start the young 2017 considered as wise an advice as any. This future as described by Nafeez simply doesn’t work the way we are accustomed to. Indeed “the old, industrial era rules for the dying age of energy and technological super-abundance must be re-written for a new era beyond fossil fuels, beyond endless growth at any environmental cost, beyond debt-driven finance”.
80% of the world’s oil has peaked, and the resulting oil crunch will flatten the economy.
Published by INSURGE INTELLIGENCE, a crowdfunded investigative journalism project for the global commons.
New scientific research suggests that the world faces an imminent oil crunch, which will trigger another financial crisis. A report by HSBC [. . .]