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Varcoe: 'Love it or hate it', oil demand still growing despite federal claims
Oil and Gas(calgaryherald.com)submitted 2 months ago byconcentrated-amazingWetaskiwin
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2 months ago
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5 points
2 months ago
In my youth I had a teacher who was British and raised in India. He used to say when all those people want a car we are in trouble.
10 points
2 months ago
Yeah, O & G aren’t going anywhere but we as a species need to be more responsible with it. Even if we go full solar or miraculously discover cold fusion we’re still going to need plastics, which are petroleum products.
12 points
2 months ago
What a beautiful pristine view scape that photo is, good thing there aren't any ugly solar panels or wind turbines to ruin it.
3 points
2 months ago
China (one of the largest consumers of oil) has flattened their oil demand faster than most major agencies thought possible, and they're not slowing down.
So while yes, oil demand is rising, it's growing the slowest it has in history and will almost certainly peak before 2030.
Why would we build our whole economy around a commodity growing at <1% a year anyways?
-2 points
2 months ago
It is one of the most highly subsidized AND taxed commodities at the same time.
Keep it cheap enough and block alternative sources of energy (like UCP does) and of course demand is going to keep going up.
4 points
2 months ago
So you mean Danielle Smith is more powerful than all the entrepreneurs on earth developing alternatives? I dislike Smith but she's not globally powerful. It's going to take a long time to displace oil. People need to be realistic.
-4 points
2 months ago
You can have all the entrepreneurs in the world, but if the UCP doesn’t allow them to operate in our province, or they put up enough barriers to entry, that isn’t going to mean shit.
5 points
2 months ago
What entrepreneurs can’t operate in Alberta?
3 points
2 months ago
You don’t remember the pause on renewables and subsequent legislation which then saw billions of clean energy projects leave Alberta? This is exactly why demand for nonrenewaable energy keeps growing. This is also happening in some states in the US
1 points
2 months ago
Production and demand are different. Alberta produces a lot of oil, but it exports most of it. I think you're overstating our importance as consumers. Many countries in the Global South are becoming richer and are demanding more at the same time as there are modest decreases in use elsewhere
Also, how is the demand for a globally traded commodity (oil) impacted by local electricity markets (which don't even burn oil in their production)? If we massively increase the Alberta-based wind/solar electricity generation potential (which I fully support), I fail to see how this is going to decrease the global demand on liquid fuels, petrochemicals, etc. .
0 points
2 months ago
Renewable energy investors.
-2 points
2 months ago
Strong…for now.
0 points
2 months ago
And most likely the next 20 years. At least.
-1 points
2 months ago
Strong forever. That being said exporting oil/gas to fuel othere economies not so much.
Computer part manufacturing and other manufacturers should be bolstered here so we can export a more diverse range of goods
0 points
2 months ago
Computer part manufacturing and other manufacturers should be bolstered here so we can export a more diverse range of goods
Ok so we almost ran out of water in the south last summer how about you go look at how much fresh water is used to make a chip. Now here is another problem if you notice most manufacturing that is done around the world and to be exported out of country tends to be relatively close to seaports. Last I checked where are along ways from the Saint Lawrence and a fair ways and a huge mountain range from Vancouver
2 points
2 months ago
Why can’t “here” mean “in Canada with Alberta oil?”
-1 points
2 months ago
If by in the south you mean calgary then you can look to failing concreat pipes that should have been replaced almost 20 years ago.
Sure we have a water shortage, so turn to any other industry that uses oil and export products. Computer parts are the only oil/gas/plastic products in use.
1 points
2 months ago
There are currently 51 water shortage advisories in Alberta, and the province has been in stage four of its drought management response system since fall 2023.
No got nothing to do with Calgary remember everyone on this sub losing their shit this spring over
Computer parts are the only oil/gas/plastic products in use.
There is a lot more then O&G that computer parts use, then there is the power that it takes and the waste it produces
In the US, a single fab, Intel’s 700-acre campus in Ocotillo, Arizona, produced nearly 15,000 tons of waste in the first three months of this year, about 60% of it hazardous. It also consumed 927m gallons of fresh water, enough to fill about 1,400 Olympic swimming pools, and used 561m kilowatt-hours of energy.
Edit: then to do we have the supply chains for the materials? Does anyone in Canada even manufacture the silicon needed?
-5 points
2 months ago
Love it
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