Summary: Renewable Energy will kill Oil and gas industry completely, sooner or later. It is only a question of time. Thousands of Oil and gas companies will shut down completely and entire Industry will get revamped. There won’t be any crude oil demand and all oil producing countries will suffer a lot economically. The world geopolitics will totally undergo radical change in coming 25 years due to the death of Oil.
I have been thinking of writing about the future of Oil and Gas Industry, but now only I could do it due to various personal reasons. I have worked in 2 Oil refineries , Reliance and Kochi Refineries in India. After analyzing and studying about the current Oil and Gas Industry and exploding technologies in Renewable energy, innovation in Hydrogen fuel cell, nuclear fusion reactor and Thorium reactors worldwide,
“I want to tell you a horrible truth. “The Oil and Gas Industry will die in next 25 years completely “if you like it or not. The coal industry also will die completely along with it “.
Nobody can stop the transition. There is going to be a time in future, when nobody will need crude oil anymore, and thousands of oil wells, Oil refineries and allied industries will close down and people will loose jobs. Owners of Oil & Gas industry will go bankrupt and will be forced to shut their shop or look for alternative revenue models to survive.
Countries all over the world are investing in renewable energy in a big way, most countries will ban diesel vehicles in next few years. 90% of coal plants worldwide will shut down. Most of the trains worldwide will run on electricity. Ships will soon be powered by Hydrogen fuel cells. So, wait for the technology revolution to take shape in next 25 years.
Biodiesel will replace, ordinary diesel in future. Future planes will fly on Biodiesel , every home in India, China, USA must be given kit to produce bio-diesel and it can completely kill the Oil and gas industry. See video below:
Could cooking oil become the future fuel of choice for air planes? See Video Below:
A similar situation will come like, the arrival of computers knelt death blow to typewriter industry. Thousands of Type writer manufacturing companies shut down and stopped production altogether worldwide, a similar thing will happen to Oil and gas Industry very soon. Major countries like India, China, USA is going to implement 100% electric vehicles in next 25 years, so no automobile will need petrol and diesel to run, all gas stations will close down and pave way electric charge stations. Major research happening with Lithium Ion battery charging. We will soon have batteries charging in 10-20 minutes and run a care for 300-500 km.
The hydrogen fuel cell technology is under development, once it reach market, automobiles can run on water. The fuel cells will run on Hydrogen separated from water and it will expel oxygen as waste. See video below:
Tata Motors & ISRO Reveals India’s First Hydrogen Fuel Cell Bus In INDIA, see Video below:
There will be Only electric cars and buses in future, no diesel driven automobiles:
Last year, the Dutch parliament voted through a motion to end all gas and diesel car sales by 2025 (it still has to go through the Dutch senate).
In June, India announced that it would end sales of gas and diesel cars by 2030.
In June, Norway agreed to end sales of gas and diesel cars by 2025. (Norway leads the world in EVs — almost 40 percent of its newly registered vehicles were hybrid, electric, or hydrogen in 2017.)
In July, France announced it would end sales of gas and diesel cars by 2040.
In July, Britain announced it would end sales of gas and diesel cars by 2040.
China and India along with USA will run their automobiles on electricity, few years from Now.
How it is going to happen, I will explain to you below.
Immense Growth of renewable energy Industry:
Solar, Wind, Biomass, Hydrogen fuel cell & Nuclear energy will rule the world, next 100 years.
Most of the sensible countries in the world have started investing in renewable energy heavily. Solar energy and wind energy projects are getting implemented like never before all over the world. Here are some statistics. It is estimated that by 2050 most countries will have phased out fossil fuels.
Germany Breaks A Solar Record — Gets 85% Of Electricity From Renewables. On April 30, Germany established a new national record for renewable energy use. Part of that day (during the long May 1 weekend), 85% of all the electricity consumed in Germany was being produced from renewables such as wind, solar, biomass, and hydroelectric power.
Dutch electric trains become 100% powered by wind energy. All European countries and America will implement this sooner or later. India and China, Brazil etc will join the wagon soon. Most of trains worldwide will run on alternative energy, 20 years from Now.
Sweden on target to run entirely on renewable energy by 2040. In 2016, 57 per cent of Sweden’s power came from renewables such as hydropower and wind sources, with the remainder coming from nuclear power.
In USA, Renewable energy accounted for 12.2 % of total primary energy consumption and 14.94 % of the domestically produced electricity in the United States in 2016. US Renewable Energy Provides 19.35% Of US Electricity in first quarter of 2017.
See Video of 2400 Acre solar panel farm in ARIZONA, USA, With well over 5 million photovoltaic modules scattered over roughly 10 square miles.
China is the world largest polluter, but it is moving fast towards renewable energy to control pollution. Air Pollution is responsible for the death of Millions of People in China, directly and indirectly. See below video on air pollution in China.
At the start of 2017, China announced that it would invest $360 billion in renewable energy by 2020 and scrap plans to build 85 coal-fired power plants. By 2035, China may account for 28% of the world’s primary energy demand, up from 23% today, whereas the United States could account for just 12% by 2035, down from 16% today. China has recently cancelled over a hundred proposed coal-fired power plants, totaling 120 GW. China aims to get 20 percent of its energy from renewable sources by 2030.
The largest wind farm in the world is being constructed in China’s Gansu Province, and is one of six mega-farms going up across the country. See Video Below:
A new floating solar farm constructed on a lake in Huainan City, China is said to be the largest in the world., the farm is made up of 160,000 solar panels. These panels reportedly can produce electricity for up to 15,000 homes. See Video Below:
Renewable Energy in India.
India’s 2016 Draft Energy Plan includes a goal of 175 GW of renewable energy capacity by 2021-22, up from about 43 GW currently.India’s Jawaharlal Nehru National Solar Mission aims to install 100 GW of solar capacity by 2022. India is also keenly interested in electric vehicles, exploring options to fully electrify vehicles by 2032.
India’s Solar Power House BBC Documentary 2017. See Video Below:
India launches world’s first solar powered airport, Cochin, Kerala, India. See Video Below:
Delhi Metro Rail Corporation Solar Film (in Hindi)
India Solar and wind project overview, see Video below:
Why India is leader in green energy? See Video Below: