Can oil still dominate in a renewable world?

[Anthony Bill]

Who thought technology will be second oil to the world today. You can see the way people are making money from technology as If they are making money from oil and this is a sign that technology will be what will replace oil in the future. Since many countries has started manufacturing some vehicle that is not using oil, I think that is a sign that a time will come when the price of oil will fall very well.

[X-ray]

Oil has uses other than fuel too, it is used in pharmaceutical industry to a large extent, it used to produce Urea which is used in fertilizers to help growth of crops. If these two things, medicines and crops were to survive, the oil industry should be working as well.

Renewable is in terms of energy, indeed there should be no obstacle to adopt renewable sources and move towards a future that is sustained by it, but you cannot cut off oil from the picture completely.

Maybe it will not dominate but it will have a significant impact.

Don't forget plastic and asphalt as byproduct of oil refinery. We can switch to a clean energy for a renewable world but these two doesn't seem to go anywhere anytime soon.

Less usage in fossil fuel is always a good thing but doesn't necessarily means we will completely cut off the usage of these resources at all.

[LastKiss]

Oil has uses other than fuel too, it is used in pharmaceutical industry to a large extent, it used to produce Urea which is used in fertilizers to help growth of crops. If these two things, medicines and crops were to survive, the oil industry should be working as well.

Renewable is in terms of energy, indeed there should be no obstacle to adopt renewable sources and move towards a future that is sustained by it, but you cannot cut off oil from the picture completely.

Maybe it will not dominate but it will have a significant impact.

Don't forget plastic and asphalt as byproduct of oil refinery. We can switch to a clean energy for a renewable world but these two doesn't seem to go anywhere anytime soon.

Less usage in fossil fuel is always a good thing but doesn't necessarily means we will completely cut off the usage of these resources at all.

I agree, although there are alternatives to plastic, their production is still not massive and the prices are not cheap either. Some companies that use plastic before are slowly shifting to biodegradable products, this is a positive sign but since the prices are still high they are making the transition gradually to avoid affecting their financial. We all agree that we need to shift quickly to renewable resources to protect the environment. Besides that the process of producing these resources is not always environmentally friendly. I’ve seen some people and village in my country experience negative health effects from the mining company.

[Oasisman]

Its an interesting topic. ATM all the renewable energy systems need oil dependent infrastructure
to create them.

I find it really difficult to imagine heavy earth moving diesel powered machinery to be replaced by
electricity powered machined with gigantic battery packs. Will these new machines be up to the
task of extracting all the materials used in the construction of wind turbines and solar panels ?

What about shipping and aviation? I doubt we will see electrically powered aeroplanes...

Its possible that Oil will fall from being the dominant energy source but there is no doubt we are
dependent on it for many other reasons.

Oil remains dominant in this current timeline as we are still in the beginning of innovating renewable energy.
And that answers the OP's question. Some people really though oil has lost it's dominance, but not until its movement got limited. Well, I can say, this current conflict really gave us a dry run of what's worse to come when oil become scarce.
Give it another 20-30 years, and we might be able to see machines that runs in pure renewable energy which features a longer battery lives and more sustainable.
Not sure how long are we going to see those ships and planes though.

[free-bit.co.in]

For those who remain skeptical about the green energy revolution. Those who doubt it will find it difficult to completely replace oil, especially in heavy transport sector such as sea or air transport.

China recently officially launched the world's largest all electric container ship, with a carrying capacity of 10,000 tons. They are also the first country to achieve this milestone to date. According to the article, although the ship is currently mainly used for coastal routes, it still cannot be used for transoceanic voyages. However, this marks a significant turning point in the development of the renewable energy sector. They are turning thing that were once considered impossible into reality.


https://www.globaltimes.cn/page/202604/1359035.shtml

[sunsilk]

For those who remain skeptical about the green energy revolution. Those who doubt it will find it difficult to completely replace oil, especially in heavy transport sector such as sea or air transport.

China recently officially launched the world's largest all electric container ship, with a carrying capacity of 10,000 tons. They are also the first country to achieve this milestone to date. According to the article, although the ship is currently mainly used for coastal routes, it still cannot be used for transoceanic voyages. However, this marks a significant turning point in the development of the renewable energy sector. They are turning thing that were once considered impossible into reality.


https://www.globaltimes.cn/page/202604/1359035.shtml

An interesting news. To be honest, I was thinking of this and discussing it with my friends a few days ago.

I've said to them that it's unlikely to see a vessel that's powered by full electric to run it. But China is doing things ahead than the other countries.

Although I expect this isn't perfect at all but having that potential and also a game changer in the shipping industry.

They're planning to continue the development of it and wants to integrate it with AI as well.

[Fortify]

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?

It seems a bit of a backwards way to look at things. Oil has always dominated for around a century, however the era of oil is setting but there will be a long horizon before it goes. It is a finite resource after all, so it will inevitably run out or get prohibitively expensive at some point in the future so better to face the challenges of a world without oil right now. There are some nations which run highly effective government programs that invest their oil income heavily for the benefit of the citizens of their country - look at Norway for example. There are others, like some in the Middle East, that definitely invest for the future but spend a lot of money now on unnecessary things, in possibly a misguided effort to diversify because their cultures are so different from what they are hosting.

[DrBeer]

Who thought technology will be second oil to the world today. You can see the way people are making money from technology as If they are making money from oil and this is a sign that technology will be what will replace oil in the future. Since many countries has started manufacturing some vehicle that is not using oil, I think that is a sign that a time will come when the price of oil will fall very well.

Not quite. You have to understand how the oil market works. Yes, transportation is the LARGEST consumer of oil, accounting for up to 60%. Next comes industry, at about 30%, followed by other sectors. Of that “60%” consumed by transportation, passenger vehicles account for roughly half, while the rest is made up of freight transport, aviation, maritime transport, and so on. In short, there won’t be a very rapid transition, although we will see a steady decline in oil consumption.

[savetheFORUM]

Well I always thought it would be easier to build an all electric ship than plane. Right now planes are the hardest ones to build, but still not impossible, it would require a ton of energy to take one plane from one place to another, and at that size, it would be near impossible.

We are talking about basically building batteries so big that it would cover half of the plane, just to make sure it can fly that much. But it will get there. Meanwhile, ship was easier, because we are talking about something that is ON the water, already easy to just drag, and with enough power, you could just slowly make it go anywhere, while speed might take a hit, it would still be very easy to achieve to propel it whenever needed.

[DrBeer]

Well I always thought it would be easier to build an all electric ship than plane. Right now planes are the hardest ones to build, but still not impossible, it would require a ton of energy to take one plane from one place to another, and at that size, it would be near impossible.

We are talking about basically building batteries so big that it would cover half of the plane, just to make sure it can fly that much. But it will get there. Meanwhile, ship was easier, because we are talking about something that is ON the water, already easy to just drag, and with enough power, you could just slowly make it go anywhere, while speed might take a hit, it would still be very easy to achieve to propel it whenever needed.

Currently, gasoline is the most efficient method of energy transfer and offers the best volume-to-weight ratio for energy output among the fuel systems used in the automotive industry.
The key issue with batteries is precisely that they:
- are heavy
- have a lower energy density relative to their storage volume compared to gasoline
But electric motors have advantages
- higher efficiency
- instantaneous power delivery

But as soon as the energy density of batteries relative to volume and weight (and most likely these will be “supercapacitors”) approaches that of gasoline-airplanes will fly on electric motors

[WillyAp]

it is quite crazy how the press reacts on a disruption of just 25%
That, among other things was no big deal a 100 years ago.

[Crypto Library]

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?

It is not just that mineral oil is used for fuel, it is also used in many other daily necessities, such as plastics and, in the agricultural sector, fertilizers are produced from this mineral oil. And at the same time, we also get gas from this, the amount of which is not very large. And at the same time, we are also turning into gas, which is also very large in quantity. It doesn't occur to me how renewables will be eliminated in all cases.
 
And although countries like China already plan to install solar power stations in space where there will never be a shortage of sunlight, Maybe at some point, the pressure on fuel oil will be a little less in the case of electricity, but it won't be completely pressureless.

[Bigthraex]

Who thought technology will be second oil to the world today. You can see the way people are making money from technology as If they are making money from oil and this is a sign that technology will be what will replace oil in the future. Since many countries has started manufacturing some vehicle that is not using oil, I think that is a sign that a time will come when the price of oil will fall very well.

Not quite. You have to understand how the oil market works. Yes, transportation is the LARGEST consumer of oil, accounting for up to 60%. Next comes industry, at about 30%, followed by other sectors. Of that “60%” consumed by transportation, passenger vehicles account for roughly half, while the rest is made up of freight transport, aviation, maritime transport, and so on. In short, there won’t be a very rapid transition, although we will see a steady decline in oil consumption.

I agree that technology and renewables are growing fast and changing how value is created and over time this can reduce how much the world depends on oil especially with electric vehicles and cleaner energy gaining ground so it is fair to expect pressure on oil demand in the long run.

But oil will not lose dominance quickly because it is still deeply used in transport industry aviation and manufacturing so the shift will be gradual not sudden. The smart view is that oil demand may decline slowly while new energy rises so it is more of a transition than a replacement and both can still coexist for a long time.

[STT]

Who thought technology will be second oil to the world today.

Its not really true, but development of technology takes more investment then continuing what already exists.     Electricity via many methods is greater in efficiency then oil usage for energy or even transportation but it needs alot more investment to develop.  Electric for example is often restricted by infrastructure and requires alot of copper wiring.   Oil can go anywhere at all and is more compact in its immediate availability.
  The standing advantage is gigantic, the same was true of coal a long time and is still so true that as oil has suffered recently the coal usage has gone up alot to replace that easy oil access.  Its also true oil being expensive will have had the same effect for solar, hydro and battery usage, it adds a comparative advantage on price especially but availability where oil is in shortage.   Someone should travel to Cuba where they are being blocked from any oil, but the country does have solar energy advantages sadly they lack the investment to make the most of it.

[Bigthraex]

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?

The idea of oil being replaced by renewable energy is a fasad push mainly by the big economies to enable them reduce the price of raw crude oil. Time have already proven that fossil fuel have several advantages over renewable energy. If renewable energy was as big as the hype, most of the wars in the middle east would have ended because oil is at the core of those wars. Even the Russia and Ukraine war have oil as one of the thing sustaining those wars because it gives India and China the opportunity to collect oil at giveaway prices which is why Russia still have the resources to finance those wars. Oil is not going anywhere soon, all the hype around green energy is simply to kill the oil price and make them cheap for the big economies to buy, refine and sell the the finished products at expensive prices.

That’s how I think as well. They promote the green new scam so hard everywhere, some people get brainwashed by it, by buying battery cars their demand on oil goes to lithium. Oil prices go lower because of that and those who don’t buy the green scam propaganda will be enjoying lower oil prices thanks to those people.

They think they are killing the oil giants and making a world a cleaner place but in reality, their cars are not environmental friendly and they are making oil cheaper for everyone else which is a good thing. Basically EV buyers are cannon fodders, sacrificing themselves for the rest of people.

Oil is not fading out anytime soon, that part is true. It still runs transport, industries, aviation, and even the production of many everyday goods. Big countries still depend on it, and even in conflicts like the Russia-Ukraine War, energy money plays a role in keeping things going. Also, renewable energy is growing but it still has limits like storage, cost, and reliability in some regions. So oil-producing nations can stay powerful if they adapt smartly and keep supplying what the world still needs.

But saying green energy is just a trick to crash oil prices is too one-sided. Countries are investing in renewables because pollution, climate issues, and long-term energy security are real concerns. Electric cars don’t fully remove oil demand, but they reduce it over time, and that shift is already happening slowly. Oil will not disappear, but its dominance will reduce gradually, not suddenly. The smart move is balance, oil will still matter, but the future will be mixed, not controlled by oil alone.

[terrific]

This oil crisis has made the surge[1] for the EV purchases in these regions.
So, I think that the portion of the world that still uses oil until now, they're learning to start learning to get into EV cars.
And not just going with EV cars but also thinking of using renewable energy for them to use it efficiently.
Therefore, the demand will continue to increase as this war isn't solved yet. But we'll see on how people will revert to oil once it's solved and at peace.

[1] Fuel crisis powers surge in EV interest in Asia-Pacific region

[BlackHatCoiner]

There is no "green era." Global oil consumption keeps hitting record highs every year. The "transition" exists only in press releases, not reality.

Every wind turbine, solar panel, and EV battery is built, shipped, and maintained with hydrocarbons. There's no wind turbine factory powered by wind. The whole "green movement" sits on an oil foundation its advocates pretend doesn't exist.

Billions in the developing world have no path out of poverty without cheap hydrocarbons, and no amount of Western carbonhysteria changes thermodynamics.

[suhadi88]

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?

As usual, the kings will change, and yes, oil was initially dominant, and whoever possessed the resources would become the idol. But over time, those with abundant resources will also follow suit, shifting to renewable energy options. So it's not just about surviving, but also about participating in the new era.

[gracreavix]

Oil is not just gonna vanish overnight, too many systems still rely on it heavily. but at the same time, you can already see the shift happening slowly.
But I still feel that, regardless renewable energy, it would still be hard to just take oil off the system, because it has already gotten deep and politics wouldn’t even make it happen easily.

[Mahiyammahi]

The use of oil will reduce because most development of the solar energy and other renewable energy, natural liquidify gas will still remain even increase its demand because many plant is even converting to the use of gas, including the cooking aspect where most third world countries where most of their cooking purposes, but the demand of oil will dramastically reduce compared to what it's today, reason while it's still much more in demand is as result of production of this solar energy has not hit the world demand population where every common human can afford it once that is meet including most electric and rechargeable engine the drop in oil will be inevitable.

Yes, brother, charging is a big problem during long distance travel if you have an EV. In many cases, it takes up to 8-10 hours to fully charge. On the other hand, you can easily go out for any distance by filling the tank in just 5 minutes in a gasoline or diesel car.

So it can be said that no matter how good an alternative EV is, there is still no complete alternative that is as convenient and quick to use as fuel oil. This is why renewable energy has not yet become fully acceptable to everyone.