I am of the opinion that this oil that was hyped for the past few years is nothing but fools gold. We got in a bit too late when the Sand negroes had exhausted this resource’s value and diversified their economies waiting for the crash. I’ve been reading about lithium batteries and the electric cars and I think within the next 10 years, oil will have been overtaken by time. The technology of making long-lasting batteries has come a long way, buses to be rolled out in three years are running for 400kms on one battery. https://www.proterra.com/
TBH I don’t know what Tullow is doing in NW region, we keep hearing announcements but until today no production has started. Ama OPEC can’t allow any more entries into the market, I don’t know!
In Africa, we will probably be getting the back end of the last fuel running vehicles so we should start selling out oil like yesterday. Compared to our neighbours, at least in Kenya we have the 8 year rule and we can catch up quite fast. I know many people will say that they won’t afford but EV vehicles are easier to maintain than mechanical ones. Factor in our good weather for batteries (cold weather is bad). This might just be the next big thing to invest in a few years. Import 100 toyota prius, sell them to GOK, NGOs, Parastatals, gain experience in fixing and maintaining and then just sit and wait for a big break.
When the motor vehicle was launched to replace the horse it took less tgqn 50 years. That was an innovation, here we are working on improvement of exiating tech so it should take less time. Prius as been there for years, Tesla is in production. Bmw is phasing not combustion engine, Daimler and Tesla are building factories to produce the batteries for vehicles and stationary use. End of century is a bit off. By then autonomous vehicle will be reality.
Oil prices are at an all time low. Lots of people have lost jobs all around the world. If it was up to those cartels, the price would have been back to 100$ a barrel already. Arab countries are reducing their reliance on oil revenue.
actually high oil prices increase the popularity of green cars and green energy. They give countries like the U.S. and their populations the impetus to diversify and invest more in green energy. Remember the period just after 2008 when the prius was at an all time high in popularity when energy prices were astronomical. The low oil prices are not good for the hybrid/electric car market.
In not in our time or even our children’s time. This theory of exhausting oil has been there for a long time. Ilikuwa iishe year 2000, then 2020, 2030, 2050, etc. its an alarmist attitude promoted by the west to keep poor countries from growing rich. On the contrary, the west does everything it opposes, from heavy use of oil to nuclear energy and weapons. Now you wonder why the paradox. Its just a big lie. Countries like China have refused to he held back and the western media runs mouth as usual while they buy all the products from there.
It is already happening. 2 days ago, Ford Motors fired its CEO because he is too slow to adopt Electric vehicles. Right now, Tesla is big in the US. There are Tesla vehicles all over the highways. The faster they grow, the cheaper the cars. All manufacturers have the designs ready to go. Its just like video calls (facetime) by Iphones. Its seemed impossible. Then boom in an instant it was being done. For free. OPEC/Saudi can no longer hold US hostage. They got beat in their own game. And then lower emission requirements reduces gasoline demands.
I say in the next 6-7 years, you will be buying an EV. Forget your conventional engine.
I cant rule that out but not anytime soon. other options offer few advantages. and the debate about phasing out internal combustion engine is also very old. And people should also note that mechanical and electrical technologies have very different trajectories in their progress.
like we havent replaced rails tracks tech or the piston tech for centuries.
I think we’re getting ahead of ourselves with this Tesla thingie. Uber pia walkuja na hii kiherehere tu & now there are barriers everywhere.
Tesla will take time 'cause the so-called self driving cars using AI tech wont come in for peasants & Nairobi’s fake & broke “middle class”
Luxury and preference is still for the cool guzzlers like Range Rovers, Lamborghinis, Ferraris & the 1.6litres Hybrid cars.
Phasing out combustion engines in cars is already happening. The entry price for electric vehicles in the US is $30-35K. Conventional is $25-35K. The more electric cars are bought, the lower the entry price becomes. The better the technology. The charge mileage is good enough for daily driving.
Its not only Tesla. Nissan (Leaf), Toyota(EV), BMW(i3), Chevy (Bolt), Fiat(5E), Ford (Focus), Hyundai(Ioniq)…etc are producing electric cars at 1/2 the price of a Tesla.
My good fren. USA would not allow an economy without Petrodollar. Their companies stand to lose most from it as much as producers would suufer. As I said a combustion engine is with us for a very long time to come. Sure there are electric engine designs on the waiting line but for them to go mainstream an industry wide lobby has to happen. and economies have to be okay with it. do you see that happening anytime soon.
The entry price for an EV has come down from $100k to almost that of a conventional engine. So imagine when they start to mass produce. Like I said, read why Ford fired its CEO 2 days ago. Conventional engines will stay for a while in Industrial uses, not cars.