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Even Big Oil Execs Think We're Headed To An Electric Future Page 2

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2011 Chevrolet Volt

2011 Chevrolet Volt

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nissan leaf ev 030

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A number of other automakers have been working on electric vehicles and battery systems, which Green Car Reports' editor John Voelcker discussed earlier this week on CNN Radio. General Motors' 2011 Chevrolet Volt—which can go about 40 miles on electric power alone, then has a range-extending gasoline engine—will go on sale later this year.

Just a decade or so ago, petro-industry talking heads were sending out an almost unified message that fossil-fueled internal combustion engines would comprise the overwhelming majority of vehicles until well beyond our lifetimes. But in the time since then, nearly every large petroleum company, including Shell, has become involved in alternatives like hydrogen, solar, or natural gas, among many other possibilities.

According to the WSJ, in a question about the CEO's belief in the idea of "peak oil"—that at some point global supply will be unable to keep up with global demand—Voser said that "I think what is dead is cheap oil." Voser also confirmed that price volatility is going to continue for the foreseeable future.

For more information on electric vehicles, range-extended EVs, hybrids, and other alternatives, please visit our companion sites All Cars Electric and Green Car Reports.

[Wall Street Journal]


 
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Comments (4)
  1. Even the biggest oil moguls in the world have to know that oil is going to run dry, and that, certainly, by 2050 we'll be three-quarters of the way, or closer, to no more oil.
     
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  2. We heard this same garbage 40 years ago. Guess what? We have more proven reserves today than we did then. Electricity is an awful way to power a vehicle, because of the problem of energy density. Biodiesel from algae has more promise, if you insist we will have insufficient petroleum.
     
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  3. I agree with goat1000 algae production will cause our future refineries to much smaller, more regional, and more of them. Algea will be manufactured in the most effcient way for the region. This will have the added benifit of cooling global tensions by reducing the jocking for limited resoures, less profitering and reducing the dependence on a few foreign countries who we would otherwise not have to apease. If you think that algea is to expensive to manufacture, consider the expense of all of the oil platforms in the gulf, all of the tankers moving oil halfway accross the world, and the expense of refining that oil in a gulf refinery and piping it across the country where it can finaly be trucked to your local service station.
     
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  4. As Nelson Mandela said "resentment is like drinking poison and hoping it will kill your enemies." In other words negative emotions like anger and resentment only cause you, the person feeling these emotions, harm.
     
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