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How much oil-market buffer is left?

116 points · 180 comments · mcone

  1. formerly_proven · · focus · HN ↗
    The real question is how quickly demand can be destroyed.
    1. danans · · focus · HN ↗
      I'd rather we ask how quickly demand can be transferred to other energy sources, like electricity.
      1. snarfy · · focus · HN ↗
        Electricity is not a source though. Do you mean solar, nuclear, and such? The demand is already there. It's the supply that is the issue.
        1. floro · · focus · HN ↗
          Wrong. Storage is the issue. In my town in switzerland we produce a surplus of solar energy, so much that we can't even sell it back to the electricity company.

          But the storage is too limited. The surplus during the summer doesn't translate to the winter months so other types of electricity generation is still required.

          1. danans · · focus · HN ↗
            > Wrong. Storage is the issue

            And what's great about EVs is that they are also storage. In winter you can buy electricity from places that do have solar potential - it's not far from Switzerland.

            1. floro · · focus · HN ↗
              Does an EV have enough storage to adress the issue I mentioned? No. Silly
        2. cryptonector · · focus · HN ↗
          GP means source as in for transportation.
        3. danans · · focus · HN ↗
          > The demand is already there. It's the supply that is the issue.

          Somehow many societies are able to power a huge amount of transportation via electrified rail and bus systems. That's an existing solution that requires zero new technology.

          And of course there are EVs for places that somehow can't figure out how to do electrified mass transit.

      2. XorNot · · focus · HN ↗
        That is still demand destruction: under supply of a resource triggers substitution activity which means the demand for that specific good never returns after.
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