[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Sign-in] [Mail] [Setup] [Help]
Status: Not Logged In; Sign In
|
Immigration See other Immigration Articles Title: France's Engie warns of $10 oil RT... Crude prices could plunge as low as $10 per barrel within a decade as a result of five energy “tsunamis,” according to Thierry Lepercq, innovation chief for French energy company Engie. Read more An electric car is seen while being charged © Jorge Silva IEA doubts electric cars will end oil age In an interview with Bloomberg in December, he said falling costs of solar power and battery storage, increasing sales of electric vehicles, increasingly “smart” buildings and cheap hydrogen will all weigh on crude. “Even if oil demand continues to climb until 2025, its price could drop to $10 if markets anticipate a significant fall in demand,” said Lepercq. READ MORE:Oil deficit will hit in 2017 – ex-Saudi Aramco VP After a decade of acquisitions, the former French gas monopoly Engie has become the world’s largest non-state power producer. It is now investing in renewables while selling coal-fired plants and exploration assets. By 2018 the company plans to spend $1.57 billion on technologies including grid-scale battery storage, hydrogen output, “mini-grids” that serve small clusters of homes, and smart buildings that link up the heating, lighting and IT systems to save energy and cut costs. Lepercq said the cost of solar power would probably drop below $10 per megawatt-hour before 2025 in the world’s sunniest places, turning it into the cheapest source of electricity. With the falling costs of battery storage, solar will become even more competitive which means electric vehicles could challenge traditional passenger vehicles. Oil prices surge after #OPEC reaches first supply deal in 8 years: t.co/iZXFbUzNUrpic.twitter.com/bMtZOQlLKe — RT (@RT_com) November 30, 2016 “As carmakers offer more electrical vehicles with a range exceeding 500 kilometers, charging stations being progressively deployed and more cities banning gasoline and diesel cars, a shift will gradually take place,” said Lepercq. Data from the International Energy Agency shows the number of battery and plug-in vehicles around the world has surged to one million cars. According to Lepercq, in less than 10 years hydrogen which can turn solar power into transportable fuel may be as cheap as LNG. #BRICS bank approves first loans, $811mn investment in renewable energy projects t.co/yXuFkInd37pic.twitter.com/VWCcmtKL7K — RT (@RT_com) April 16, 2016 “Solar, battery storage, electrical and hydrogen vehicles, and connected devices are in a ‘J’ curve. Hydrogen is the missing link in a 100 percent renewable-energy system, but technological bricks already exist.” Engie has recently conducted a “very deep modeling” of the French Provence-Alpes-Cote d’Azur region. The results showed the region with five million inhabitants could run entirely on renewables by 2030 for as much as 20 percent less cost than the current energy system. Solar, wind, biogas, large-scale battery storage and hydrogen would be essential elements. “The promise of quasi-infinite and free energy is here,” said Lepercq. Poster Comment: So Canada might as well forget about its oil sands and associated pipelines fantasy and instead concentrate on alternatives like wind, hydro, solar and hydrogen. Having a density of wind turbines in a green belt around "cold" Canadian cities might make winter temperatures a bit more bearable by reducing wind speeds. Better still cold central Canada provinces should become associate states with much warmer US states where Canadians can build second homes and thus avoid the enormous energy waste in winter. High-speed rail would reduce travel time to a few hours. Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: Tatarewicz (#0)
Somewhere there is a smokestack where power is produced for their charging station....... "The government ruling us draws its authority not from the principles of the Declaration of Independence, or even from the delegate powers listed in the U.S. Constitution, but rather from the war to re-conquer the independent South. That conflict, usually referred to by the artfully misleading title “Civil War,” established the fact that the government in Washington is willing to kill Americans in whatever quantity it deems necessary in order to enforce its edicts, and then sanctify the slaughter in the name of some suitably “progressive” social objective.
Alberta is phasing out (smokestack) coal generation plants; replacing with natural gas which just emits CO2 and water.
|
||
|
[Home]
[Headlines]
[Latest Articles]
[Latest Comments]
[Post]
[Sign-in]
[Mail]
[Setup]
[Help]
|
||