Can oil still dominate in a renewable world?

[ImGenius]

I think that the dependence on oil will never decrease. We naturally trust more on things that provide good services at low cost. Similarly, oil fuel and related uses are available at low cost. If we think about solar energy and hydroelectric power as alternatives to oil, they cannot generate uninterrupted electricity, solar energy stops functioning in the absence of the sun.
Besides, if we think about hydroelectric power, if the water level in the river decreases, then electricity generation as before is not possible. Many people will talk about battery-powered vehicles as an alternative to fuel, but there is a problem with this too, the initial cost of the engine of these vehicles is higher than that of oil engines and after 2-5 years, new batteries have to be installed at a cost of about 60% of the price of the vehicle, which has the potential to cause losses to consumers like us.

[Oluwa-btc]

With global pushes for clean energy and electric vehicles, oil demand seems to be declining. But can oil-producing nations adapt or stay powerful in the green energy era?

Everything comes down to adaptation. As the global demand for oil continues to decline, oil-producing nations will have no choice but to embrace the green energy era. What's currently slowing this transition is the existing high demand for oil, but once that demand drops below a critical level say around 20%  and revenue generated are no longer substantial, these nations will be pushed to shift toward sustainable energy sources, it's just a matter of time.

Most importantly,in a renewable era,oil loses it's presence and value.Oil demand has quietly depreciated but not to zero(totally),it has only shifted from been the most important industrial resources.However,some economical industries would still needs resource backup for strategic purposes;during shortages or during unexpected demands arises.There's still a collective human trust in Oil that makes it survives.

[bangjoe]

Renewable energy is very interesting in many countries and it is a hot topic and studies are carried out continuously, the dependence on oil is not just because of pollution but because oil stocks are bound to run out and this is the main focus in energy innovation, oil will remain the main fuel but we have other alternatives for energy sources, meaning we have many choices in energy use and different uses with renewable energy.

Renewable energy will also definitely have a risk on the impact that will be caused, it looks like the energy resources from sunlight and then stored in batteries as energy storage, and you should know the waste in batteries is much more dangerous because it contains toxins that can be dangerous for humans and can damage plant ecology or pollute the environment.

[WatChe]

Most importantly,in a renewable era,oil loses it's presence and value.Oil demand has quietly depreciated but not to zero(totally),it has only shifted from been the most important industrial resources.However,some economical industries would still needs resource backup for strategic purposes;during shortages or during unexpected demands arises.There's still a collective human trust in Oil that makes it survives.

EU has passed a regulation that says no fuel car will be sold after 2035, which EU won't have fuel stations along highways after 2035 or they will do down in numbers. Oil companies were once top companies of the world in terms of cap but now we can find only one or two oil companies in such list as tech companies are the one dominating these days. Oil no doubt is precious because many sectors like airlines, factories, power plants etc need it for daily operations but it's no more the most precious natural resource as it was in 20th century.    

[WillyAp]

EU has passed a regulation that says no fuel car will be sold after 2035, which EU won't have fuel stations along highways after 2035 or they will do down in numbers.

The EU is not the World, the EU is laughing stock worldwide.
Look at your clothes, how much plastic do you wear? How many goods are wrapped in plastic?

[MFahad]

Most importantly,in a renewable era,oil loses it's presence and value.Oil demand has quietly depreciated but not to zero(totally),it has only shifted from been the most important industrial resources.However,some economical industries would still needs resource backup for strategic purposes;during shortages or during unexpected demands arises.There's still a collective human trust in Oil that makes it survives.

agreed As the world moves toward renewable energy, oil is slowly losing the value it once had.It is no longer the main driver of industry like it was before. But still it's necessary. many areas like shipping and manufacturing still depends on it. Especially when there are shortage of energy or sudden spikes in demand. As many people and industry still have a strong trust on oil. It is been a reliable source for years, and that keeps it alive even in this new era. I personally think, for now oil will remain a backup rather than disappear completely. Over time, as new technology keep improving, oil's role will maybe shrink even more but it will still be there in the background helping balance the transition to a greener world

[Juicyhome]

 agreed As the world moves toward renewable energy, oil is slowly losing the value it once had.It is no longer the main driver of industry like it was before. But still it's necessary. many areas like shipping and manufacturing still depends on it. Especially when there are shortage of energy or sudden spikes in demand. As many people and industry still have a strong trust on oil. It is been a reliable source for years, and that keeps it alive even in this new era. I personally think, for now oil will remain a backup rather than disappear completely. Over time, as new technology keep improving, oil's role will maybe shrink even more but it will still be there in the background helping balance the transition to a greener world

Even as renewable energy is increasing daily in our society, you hardly see any company without a back up power generator in this part of the world for backup.  Oil will always be valued, till next generation, as for now it's still very much needed till every household can afford the renewable energy, as for now it's still very expensive to buy. The poor people still preferred the oil over renewable energy because of it Price. Untill everyone can afford to get it then oil will always be available.

Renewable energy is already dominating China, everyone in China are using renewable energy products for their services, in advance countries renewable energy has arrived. Oil is not even considered anymore, in China every product using renewable energy,they do without oil. But In Africa countries and some Latin America it will take us u years to drop our oil because of poverty.

[B-BossMan]

With global pushes for clean energy and electric vehicles, oil demand seems to be declining. But can oil-producing nations adapt or stay powerful in the green energy era?

I don't think so, but you know crude oil is something that in the nearest future, like 20 to 30 years coming from now, will lose its value because there's a continuation in the present technology. Since we are in a technological  era, a lot of things will be discovere that will definitely bring down oil or lessen the crude oil value and power. Although there are some countries that can't do without crude oil, they are oil dependent, and if those countries didn't produce oil any longer, they could end up being a poor country. But for now oil dominates some countries in the world, and this same oil serves as a source of income for the country or is where a g
Government makes money to sustain their activities. Moreover, bothe oil and the electrical or solar vehicles has disadvantages and also has a advantages.

[justdimin]

Depending on oil will eventually end. Not because of any climate change or any political reasons, if it were to change for that reason then it would have changed long ago. What will be the reason is that we will run out of oil eventually, that is not a questionable thing, it's a guaranteed thing, one day there will no longer be oil to dig which means we can't make money out of that.

So eventually we will have a world with no oil at all to keep the world running, and from now until then we will try to figure out a way to make that work. Cars are getting the first run, which is EV, but they are using other materials which are very hard to mine, and dangerous and will run out too, so they will have to improve and change too, but at least it is not oil anymore.