End of Oil Dependence and Geopolitics: BBC

Technological advances in renewable energy are putting purveyors of fossil fuels on notice. For example, solar energy is advancing with improved site locations, molten salt and mirrors. Battery and electric vehicle technologies are also advancing, and such developments will impact global politics, suggests James Landale. “From that moment, much of the history of the 20th Century can be seen through countries' pursuit of hydrocarbons, from Adolf Hitler's attempts to secure the Baku oil fields to Saddam Hussein's invasion of Kuwait to last September's drone and missile attack on Saudi oil facilities,” he writes for BBC News. Shell planners suggest that global demand for oil could peak as early as 2025, and oil-producing countries that fail to diversify their economies can expect rising unemployment and unrest. Russia is among the biggest exporters of oil and gas, and Vladimir Putin has cited renewable energies as among the “main challenges and threats” to Russian economic security. New conflicts could emerge as countries rush to develop sources of lithium, cobalt and other minerals needed for the new technologies. Landale questions if reduced reliance on fossil fuels will subdue or aggravate economic, migration and terrorism trends. Much will depend on which renewable energies emerge and whether transmission and distribution of electricity is smooth. – YaleGlobal

End of Oil Dependence and Geopolitics: BBC

With advancements in renewable energies, new consumer mindsets and peak oil could arrive before 2030 – all destabilizing nations that don’t prepare
James Landale
Saturday, January 4, 2020

James Landale is diplomatic correspondent for BBC News.  

Read the article from BBC News.

Oil Price Needed to Balance Budgets, 2019	 Russia 	$40  Iraq	$56  Nigeria	$57  Saudi Arabia	$84  Iran 	$105

 Russia 54,710; Japan	90387; Canada 100193; India 117954; Germany 119388; Brazil 135673; US 244740; China	695831

Renewables: Solar is the leading source of renewable energy for Japan, and other countries lead with hydropower (Source: International Renewable Energy Administration)

 non-renewables 73.8% hydropower 15.8% other renewables 10.4%

(Source: Renewables 2019 - Global Status Report)

 Change in consumer mindset that favors low-carbon, high-efficiency options -	Focus on energy efficiency -	Carbon-pricing mechanisms -	New energy sources with primary energy from renewables eclipsing fossil fuels by 2050 -	Construction of large carbon capture and storage facilities -	Net-zero deforestation  -	Peak coal use, 2010; peak oil use, 2025; and natural-gas peak, 2040 peak natural gas use in 2040

(Source: Shell Scenarios – Sky, Meeting the Goals of the Paris Agreement)


 

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