Did you read the last few pages? Cheap oil is irreplaceable because nothing comes close when you consider the combination of ease of production and distribution of oil.
As oil gets more scarce and expensive so does the cost of petrochemicals rise... and plastic costs, manufacturing costs, shipping costs, etc etc all because energy inputs and raw materials are getting more and more economically expensive as global society approaches resource depletion, water crisis, peak oil, lower EROEI, etc etc
Did you read the last few pages? Cheap oil is irreplaceable because nothing comes close when you consider the combination of ease of production and distribution of oil.
Motor vehicles account for 35% of global oil usage. Electricity generation account for another 20%.
In both of the above usage sectors, oil can be easily replaced. Hydro, nuclear, natural gas can all generate electricity as efficiently, if not more, as oil. Electric vehicles make gasoline unnecessary for transportation.
So that's 55% of oil usage that is immediately replaceable in the very near future.
Motor vehicles account for 35% of global oil usage. Electricity generation account for another 20%.
In both of the above usage sectors, oil can be easily replaced. Hydro, nuclear, natural gas can all generate electricity as efficiently, if not more, as oil. Electric vehicles make gasoline unnecessary for transportation.
So that's 55% of oil usage that is immediately replaceable in the very near future.
The only reason electric cars are anywhere near the price of combustion engine cars is because giant shipping vessels can burn all the cheap oil they want shipping expensive battery metals all over the world.Current renewables are economically subsidized by governments and energy subsidized by the existing cheap oil infrastructure...
The only reason electric cars are anywhere near the price of combustion engine cars is because giant shipping vessels can burn all the cheap oil they want shipping expensive battery metals all over the world.
Also, for a huge portion of the world it is simply uneconmical to shift to EVs: you think a long haul trucker or tuk-tuk driver will have the money to buy an electric vehicle?
Sure, shipping can move to nuclear or LNG, but there's no way they will match up to the price of current oil-based shipping.