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It sounds like the perfect plot for a conspiracy thriller: the giant oil companies are buying up electric vehicle charging companies as fast as they can. Do they mean to shut ‘em all down, or just to make sure that the price of charging is high enough that driving an EV won’t deliver any savings over driving a fossil-fueled vehicle? (Shell is one of the world’s largest providers of hydrogen, made from natural gas.) Or, could there be a surprise ending? Perhaps the oil execs have the good of mankind at heart—they realize that the Oil Age is ending, and want to be in position to profit from the next energy era.
We’ll have to wait for the next episode to find out about that—what we do know is that three Europe-based oil multinationals (Shell, Total and bp) started getting into the charging game back in 2017, and now own companies at every stage of the charging value chain.
Peak oil generally refers to refining capacity, not extraction volumes
originally posted by: ChaoticOrder
a reply to: Lumenari
I wouldn't call it a debunked theory. Oil will eventually run out, unless it naturally replenishes much faster than we think. We will likely start running out of oil within a few hundred years. Still a lot longer than early estimations, but I don't think the oil reserves will last forever.
Still, I don't really think Covid-19 has much to do with oil. I'm starting to think it has a lot to do with global debt, like a way to mask or delay the next economic collapse. It almost seems like they want the economy to crash so they can replace it, but it's being more stubborn than they predicted.