The world’s largest oil company says the transition away from fossil fuels is failing. This is after large cuts to production.
The reality I see is factories cranking out electric cars and solar panels. Every time an EV or a solar panel rolls off the assembly line, some small but permanent destruction of traditional energy demand occurs.
I have had an EV for about 5 years. I don’t forsee ever going back to a gasoline powered car. Both my children have EVs as do many friends. I suspect they feel the same. And it isn’t about any political or social agenda. They are just better cars. Faster, quieter, more convenient, lower maintenance.
When I look at the technology trends for solar panels and batteries, it seems to be even more of a no-brainer. Electricity is the future. Thanks oil, you got us this far. Time for a new technology to take the baton. From CNBC.
Steven A. Guccione 