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.

[Xxmodded]

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?

ships planes big trucks depend on oil, not only that also plastic and more chemicals are being made from oil.
there will always be a demand for oil. President of United Stats of America Donald Trump has captured Venezuela's leader and kept their oil for a reason too.

[DrBeer]

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'll let you in on a secret: SMART countries, owners of huge oil reserves, have long been actively and heavily investing money from oil production in alternative energy sources. They understand perfectly well that there are two problems:
- oil sources are not unlimited (at least at an economically viable production price)
- The world is slowly but surely moving away from internal combustion engines, the main consumers of oil.
Yes, oil will remain in demand on the market, but for the most part it will be in the chemical industry rather than the huge transport market.

[STT]

Oil has its own dynamics that are useful even in a modern world.  Oil will still be useful and valuable resource a century from now.   The reason you can be sure of that is the amount of energy usage of coal despite it long being toppled as the worlds top most used energy resource. 

Coal was the jewel in the crown and came with great wealth to its utility now its just secondary but still vital in many parts of the world and to many people.  The exact same thing is going to happen with Oil even many decades from now, it will remain valuable but much less used I think; of course the world is still expanding including energy demand.

[Pi-network314159]

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?

Not very country are oil producing nation, but those oil producing nation will have no option than to adopt the new form of renewable energy. Although the fact is that most currupt country will try as much as possible to avoid such green energy to spread across their Nation because it will reduce the consumption of refined crude production. And result to low marketing of crude. But in as much as the world is concerned the only thing constant is changes and we must adapt to changes.

[karabiber]

Oil-producing countries, aware that oil production will decline over time, are taking measures to counter this, but oil remains one of the fastest and most effective energy sources. It is easily accessible and extremely efficient. The world's elite's obsession with renewable energy is simply because they want to enjoy the comforts of oil for themselves.

One of the simplest examples is how they impose low-engine-capacity cars on people while organizing events in St. Moritz with private jets. Attending climate summit meetings by jet highlights the contradiction of their actions. Oil still maintains its dominance, but within the next 50 years, as production capacities begin to decline, it may cede its place to renewable energy.

[Obulis]

The most important thing will be global percentage usage, so that even if the demand of oil declines it won't mean it's not in dominance. However these will tend to be over a long period of time and while that period of time, green energy will be gathering momentum to take dominance which might probably happen but not in anytime soon.
These is not in anyway pointing to total replacement but just dominance since petroleum refinery byproducts are part of daily life and instruments of many major industrial productions

[Marvelockg]

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?

crude oil nation don't have an issue with the switch into electric vehicle or other alternatives. in different part of the world, electric vehicles are not that common and most of the vehicles and other medium that depends on diesel and crude are still major users of crude oil. also, some nations that are wise enough are gradually diversifying into other sectors such that they are not tied down to the revenue that is gotten from crude oil. most of them are from the revenue they are generating from crude oil shifting into agricultural sector and other sector and for that, it is going to be easy for oil producing nation to have what will look like an escape rout if the industry is not doing well.
 

[YOSHIE]

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?

Basically there is no argument if we talk about the costs/economy involved, maybe yes it is more economical than vehicles that use fuel, but everything has advantages and disadvantages.
Electric vehicles have disadvantages in terms of mileage, even though they can actually prevent pollution, you have to wait for recharging in a special place and for hours, in contrast to fuel oil going to a refilling place for the journey.

Moreover, the world is currently still dependent on fuel oil, such as electric engines, ships, heavy equipment which still require tons of oil so they can sail, So now and until whenever oil still dominates the world, many countries are fighting for the sole purpose of oil fields.

[viljy]

Is this notorious green energy already inevitable as a fact, just because it was proclaimed by adherents to globalism? This is nothing more than propaganda. There is no green energy and there never will be. Green energy is essentially the energy of the sun (direct radiation from the sun and wind, as a phenomenon of movement of air masses due to temperature differences) and gravity (tidal energy). This energy is not enough for modern civilization.

In addition, there is the issue of cost, and the issue of intermittent power (cloudy weather, calm). It is possible that oil consumption will decrease only due to increased consumption of uranium or a return to coal. And we must remember that all world trade is based on sea transportation, that is, on fuel oil, because there are no battery-powered electric container ships to cross the oceans.

[Berry2d]

For now the diversification from crude oil to other successful success of energy her not being significantly implemented because of the unreliability of its success and poor lasting strength compared to the once generated from crude oil. The introduction of other renewable success of energy as the potential replacement of crude oil and gas because of its unavailability, risk to life and believe it we soon finish have not gained momentum to be considered a permanent solution they lack the qualities required for dominance even as they have considered crude a very source of environmental pollution, But i don't think any renewable success of energy can dominate crude because of its importance to the development of the society when it comes to development.

[liasbaa]

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?

But has the demand for oil decreased? Not at all. People are being fooled by the talk of green globalization, but developed countries are continuously damaging the environment. The oil trade is creating a dangerous situation for the world and there is a fear of World War III. The pressure on electric vehicles is increasing as well as the pressure on electricity. The use of oil has increased in projects that are underway, as opposed to renewable energy generation systems. This directly shows that the pressure on oil is decreasing, but in reality the demand for oil worldwide has increased.