Opec faces a mortal threat from electric cars - lithium air battery

OPEC is still provocative.
Global dependence on oil and gas will remain unchanged for 25 years.
In 2040, fossil fuels will account for 78 PCs of total global energy, a little less than today.
There will be no meaningful progress in technology.
Competitors will be spoiled, mainly wasting money.
The old energy order is kept in aspic.
Carbon dioxide emissions will continue to rise, as if 190 countries have reached a solemn and binding agreement at the Paris climate summit, but no major agreement has been reached.
The World Oil Outlook released by OPEC today is a remarkable document.
Modern vested interests who refuse to see words on the wall.
The potential message is that the COP21 deal has nothing to do with the oil industry.
World leaders pledged to completely change the trajectory of greenhouse gas emissions by 2040
Not to mention the full "low carbon" by 2070 --
Just ignored.
Global demand for crude oil will increase by 18 barrels per day to 110 barrels by 2040.
The cartel has shaved its hair.
But this is partly due to weak economic growth.
People tend to compare this myopia with The reflexivity certainty of the 16 th century Pope, and even if Erasmus published an article praising stupidity, Luther nailed his 95 papers to WittenThe 407-
Page put the electric car aside impatiently.
The number of cars in the world will increase from 1bn to 2.
1bn will surpass China's 400,94 PCs in the next 25 years and will still use gasoline and diesel.
"Without a technological breakthrough, battery electric vehicles are not expected to gain significant market share in the foreseeable future," the company said . ".
Electric cars are too expensive.
Their range is too short.
The battery is defective in hot and cold conditions.
OPEC says battery costs could drop by 30-
50 PCs in the next quarter of the century, but due to the "consumer boycott", it is doubtful that this is enough to bring about a big change.
Given that Apple and Google have put their huge resources into the competition, it's a brave call.
By 2017, Tesla's Model 3 will be available for about $35,000.
Ford has just announced it will invest $4.
Electric and hybrid vehicles 5bn will be available for sale in 13 models by 2020.
Volkswagen will launch a "new concept car" next month, promising a new era of "affordable long-term"
Electric distance.
"OPEC's report is also dismissive of Toyota's decision to bet on hydrogen-fueled vehicles in the future, a loss from Milai --leader.
One should argue that the decision of the world's largest car company to end all production of gasoline and diesel cars by 2050 could be a wake-up call --up call.
Goldman Sachs expects,
Connected cars will occupy 22 PCs in the global market in ten years, with annual sales of 25 m-it says -
The auto giant will think twice before investing more money in the internal combustion engine.
Once the critical mass is reached, it is not difficult to imagine a large-scale turn to electrified in the 2030 generation.
Goldman Sachs is betting that battery costs will drop by 60 PCs over the next five years, both as a technology driver and a economies of scale.
Driving mileage will increase by 70 pc.
According to OPEC's forecast, this is another world.
Even so, a further leap in science is likely to surpass that soon.
A group of chemists in Cambridge said they had cracked the technology of lithium.
The 90 pc efficiency air battery, capable of charging at once to power cars from London to Edinburgh.
It promises to cut 4-
In five months, it will be on the road in ten years.
There is now a global competition to win the battery award.
S. Department of Energy is working with Argonne and Lawrence Berkeley National Laboratories to fund a project at the University of Michigan, Stanford and the University of Chicago.
The Japanese science and technology agency has its own project in Osaka.
South Korea and China are mobilizing their research centers.
Regulatory tightening is rapidly changing global energy rules.
The Grantham Institute of Economics in London counts 800 policies and laws designed to control global emissions.
An electric vehicle is charging in Oslo, Norway. Alamy Goldman Sachs says there are already electric vehicles in Norway.
3 pc in the market.
This shift is driven by tax-free, priority use of lanes and charging station forests.
California follows.
It has a mandatory 22 pc target
Vehicles connected within ten years.
By 2020, new cars in China must meet the emission standard of 5 liters per 100 km vehicles, even more stringent than in Europe.
Beijing's pilot program to promote electric vehicles has failed.
Mainly because there are not enough charging stations yet.
But with a substantial ration of gasoline car licenses, this will soon change.
If you want to get a car when authorities fight "airpocalypse", it may have to be electric.
China's Geely Automobile target is to increase the sales of electric vehicles to 90 units by 2020.
Bill Russo, from Shanghai Gaofeng Consulting, said China would "overtake" the rest of the world as a hub for electrified drive.
OPEC does not deny that the Paris Agreement has changed the energy landscape, but they think it is a strict issue for the coal industry.
There will be a partial shift from coal to natural gas, adding a little bit of nuclear, and the potential contribution of wind and solar energy.
Their own chart appears to show that by 2040, carbon emissions from coal, natural gas and oil will increase by another 1,200 tonnes.
If we were to stop the temperature from rising more than 2 degrees, it would hit the maximum carbon budget that scientists think would be allowed
Industrial level of 2100
What's more, to achieve 1.
The five-degree "goal" agreed by world leaders in Paris ".
Saudi Arabia believes that it can continue to operate as usual in the middle of the 21 st century, which is the basis of OPEC's current strategy of flooding into the crude oil market to eliminate competitors.
The report acknowledges that it has proved to be a costly task.
The dense oil and shale in North America are not broken.
As predicted last year --
OPEC now expects it to continue to rise slightly to 4 in 2016.
5 m B/d, again to 4. 7m in 2017.
Meanwhile, OPEC's revenues have plunged from $1.
The price for 2012 was $2 trillion, and today Brent crude was $36, close to $ 400bn.
75, the financial and regime's pain matched.
This policy weakens the global idle capacity of wafers. thin 1.
5 m B/d, making the world vulnerable to the future.
This means that the market is more volatile and prices are volatile, weakening confidence in oil as a reliable source of energy.
The more successful Saudi policy is, the faster the world will adopt policies to break its dependence on its only product.
Internal critics in Riyadh have been complaining about suicide.
Saudi Arabia and the Gulf states are lucky.
They have been warned ahead of time that OPEC is facing a slowrun off.
The cartel has 25 years to prepare new orders, which will require less oil.
If they have any planning awareness, they will manage the market to make sure the price of crude oil is between $70 and $80.
They will come up with long enough time to control spending and conduct post-training for their employees
The oil economy, not the fantasy of the 20 th century.
Saudi Arabia's former oil minister, Sheikh Ahmed Zaki Yamani, warned in an interview with The Daily Telegraph 15 years ago that the liquidation moment was coming and he specifically mentioned fuel --
Battery technology.
"There will be a lot of oil in thirty years. and no buyers.
Oil will stay underground.
The stone age is over, not because we lack stones.
"They didn't listen to him at the time, and they don't listen now.