There is no substitution between reneable energy and oil. If europe to day decides to double its arenabal energy has no impact on ail. To keep all demand at a hundred million barrels a day in 20 50, we need at least 700 million electric vehicles on the road. We have less than 30 million right now. So in 30 years, i'm supposed to have almost all that, almost all that,. 700 million. This is not the story. Here is the story: Even if you go up lit say, from 60 thousand dollars to about a hundred, ten sho ford is not going to do it. That 75 million barrel per day has to be completely freshOil's
MacroVoices Erik Townsend and Patrick Ceresna welcome energy markets guru Dr. Anas Alhajji to the show to take a deep dive on energy markets – particularly oil and gas. They discuss Russia’s war campaign, OPEC+ spare capacity, Europe’s dependency on Russian natural gas and how much U.S. exports can ease that dependency, and much more. https://bit.ly/3OeUKFc
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