What is the Future for Oil?

Operation Disclosure | By David Lifschultz, Contributing Writer

February 18, 2021


Compliments of the Lifschultz Enterprise founded in 1899

First, there are 1.4 billion cars in the world. The US has 838 cars per 1,000 people or 247 million cars against 328.2 million people while China has 200 cars per 1,000 person totaling 281 million cars. China should rise 4.19 times or come to 1.148 billion cars to match the US which it will. So it will add 867 million cars before long. India has 57.5 million cars with a population of 1.333 billion. India has 41 cars per 1,000. The number of cars required to be on the road in India to meet the 838 cars per 1000 is 1.117 billion cars. It will add over a billion cars. This does not include the rest of Asia and Africa. We are talking about tripling the demand for energy. It is a pure pipe dream that green energy can take care of that.

In other words, fossil fuel will have to handle it. Coal is very much in use today for energy and what will replace that? Solar power or wind mills or hydro-electric energy. More pipe dreams.

Why electric cars are only as clean as their power supply

Germany has decided against nuclear power for after the Fukushima disaster that is logical. Note aftermath of Fukushima below. It is a catastrophe that cannot be handled but by damaging the Pacific Ocean by massive discharges of contaminated water that will damage the Pacific Ocean.
I doubt oil demand will fall as billions of cars come into the market and oil is a good long term investment against the deranged climate movement that is totally impractical. Even if the cars are electric, the power will have to come from fossil fuels such as natural gas, and oil to turn the turbines. Coal is so dirty that should be the first to go. When London switched to oil the London fog departed due to the coal fumes. That is why Beijing has such bad air which is from the coal. Electric cars are important to improve the quality of air in the cities but you are merely transferring the pollution to the mountains where you will probably be burning the fossil fuel to power the turbines to make electricity.

David Lifschultz
Tel: (212) 688-8868

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