The Impact of the Financial Pressure on Oil Consumption

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World consumption of refined products mostly transport fuels has not recovered to where it was in Simon's benchmark year of 2019. The correlation between GDP and energy consumption as most people know is like 99 percent. People are scaling back where they can and where where I can scale back on my spending is on my personal car use, he says.

On this inaugural episode of Reality Roundtable, Nate is joined by Art Berman, Simon Michaux, and Pedro Prieto to discuss the viability of scaling electric vehicles and what role they could play in the future. Electric vehicles have become increasingly more popular in recent years, and in tandem more polarizing and controversial. Art, Simon, Pedro, and Nate join together for a multi-faceted conversation jam packed with expertise and insight about the reality of EVs. Are plans for dramatically increasing the production of electric vehicles as a replacement for internal combustion vehicles materially, economically, or even infrastructurally possible? Are current EV initiatives taking a science-based systems approach towards this massive economic, environmental, and cultural shift or are they rooted in energy blindness?

About Arthur Berman:

Arthur E. Berman is a petroleum geologist with 36 years of oil and gas industry experience. He is an expert on U.S. shale plays and is currently consulting for several E&P companies and capital groups in the energy sector.

About Pedro Prieto:

Pedro is the vice president of the Asociación para el Estudio de los Recursos Energéticos (AEREN). AEREN is an open space for debate and communications on energy issues and their role in demography, development, economy and ecology. Pedro was a member of the board at ASPO International with AEREN representing ASPO in Spain. Since 2004, Pedro has led several solar photovoltaic projects in Spain, a leading world country in solar PV penetration. Pedro co-authored Spain's Photovoltaic Revolution. The Energy Return on Investment, that challenged the conventional energy boundaries considered up to the moment for calculations.

About Simon Michaux:

Dr. Simon Michaux is an Associate Professor of Geometallurgy at the Geological Survey of Finland. He has a PhD in mining engineering. Dr. Michaux’s long-term work is on societal transformation toward a circular economy.

For Show Notes and More visit: https://www.thegreatsimplification.com/episode/rr01-berman-michaux-prieto

To watch this video episode on YouTube → https://youtu.be/5stPFdegJpg