A glimpse into the near future

  1. 683 Posts.
    lightbulb Created with Sketch. 35
    Norway is shunning the the potential of billions of barrels of oil, representing a major shift in Energy conscience.

    https://www.theage.com.au/business/markets/norway-is-walking-away-from-billions-of-barrels-of-oil-20190409-p51c70.html

    But we shouldn't be surprised. Their huge sovereign wealth fund recently moved away from oil and gas exploration

    https://cleantechnica.com/2019/04/06/norway-doubles-investment-in-renewable-energy-by-sovereign-wealth-fund/

    and Ev's represent 34% of Norways passenger total vehicle sales - with plug in hybrids, over 50%.

    https://www.indiatimes.com/auto/electric/for-the-first-time-ever-electric-vehicles-beat-petrol-diesel-sales-in-norway-and-here-is-what-other-nations-can-learn-364957.html

    You only need to look at China's rollout of charging stations to appreciate that they will be following suit very soon.
    https://www.visualcapitalist.com/electric-vehicle-sales/

    Interesting to see how long the oversupply theory will last.

 
GET SUPPORT arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.