A Quote by Christophe de Margerie
People say they are inventing electric cars. Well, where is the electricity coming from? Flowers? Maybe someday. But what is available now is oil and gas.
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Today, natural gas now outstrips coal as the leading provider of electricity in America. If this is as big as people believe it is, natural gas will soon be powering trucks and marine ships. Maybe even standard commercial cars that people use at home through compressed natural gas, other gas to liquids. The potential is there for more energy independence by America and a reliance on cleaner fuel - natural gas emits half as much as coal, in terms of carbon emissions. That's a real bounty.
With regard to electric vehicles, I am all for them because most of the incremental electricity needed to run those vehicles will come from gas-fired electric generation. However, I do not believe it is wise for America to substitute dependence on foreign oil for dependence on Chinese batteries.
What oil companies don't want you to know is that refineries use a huge amount of electricity in refining gasoline. And that's usually not even figured into reports about gas cars' overall energy use.
Scientists had said, "If you keep burning coal and gas and oil, you will melt the Arctic." And then the Arctic melted just as they had predicted. Did Shell Oil look at the melt and say, "Huh, maybe we should go into the solar-panel business instead?" No, Shell Oil looked at that and said, "Oh, well, now that it's melted it will be easier to drill for more oil up there." That's enough to make you doubt about the big brain being a good adaptation.
If a war started, the oil price probably would go up, as you said, maybe $5, $6 a barrel until you saw other oil from the extra supplies that are available elsewhere coming into the world, into the market.
It might have been offset for us if the revenue from our own oil and natural gas that was just developing had been available to the Labor Government, but the oil revenues were just coming in when Labor fell in '79.
The electric car, it's not the government saying, 'Oh, we must have electric cars.' The market was ready for that. People were ready for that, so, we have electric cars.
They [leaders in Western Europe] do not misuse financial instruments, financial injections, but, first of all, seek structural change. This is urgent for our economy as well, maybe even more urgent bearing in mind the problem that we cannot yet deal with, namely the prevalence of the oil and gas sector in the Russian Federation and, as a result, dependence on revenue from oil and gas.
[I predict] the electricity generated by water power is the only thing that is going to keep future generations from freezing. Now we use coal whenever we produce electric power by steam engine, but there will be a time when there'll be no more coal to use. That time is not in the very distant future. ... Oil is too insignificant in its available supply to come into much consideration.
We still haven't seen any cars take advantage of the electric powertrain in terms of how you proportion an electric vehicle versus traditional vehicles. Yes there's electric cars, but they haven't really done it in a beautiful way.
Oil companies have gas stations. There's this whole huge structure that is about finding a new liquid for the tank. And the idea that maybe there shouldn't be a liquid, that maybe the best is an electrical grid, a sustainably powered electrical grid that we all plug into, that doesn't sit well with oil companies.
The transition from coal, oil, and gas to wind, solar, and geothermal energy is well under way. In the old economy, energy was produced by burning something - oil, coal, or natural gas - leading to the carbon emissions that have come to define our economy. The new energy economy harnesses the energy in wind, the energy coming from the sun, and heat from within the earth itself.
...the era of cheap oil and natural gas is coming to a crashing end, with global oil production projected to peak in 2010 and North American natural gas extraction rates already in decline. These events will have enormous implications for America's petroleum-dependent food system
Venezuela has the biggest oil reserves in the world. And the biggest gas reserves in this hemisphere, the eighth in the world. Venezuela was a U.S. oil colony. All of our oil was going up to the north, and the gas was being used by the U.S. and not by us. Now we are diversifying. Our oil is helping the poor.
Electricity is derived from many non-renewable energy sources like oil, natural gas and coal.
As we look ahead, we see increasing opportunities for Duke in natural gas - not just for producing electricity, but in providing gas for our customers. We have been investing in renewables as well throughout the U.S.
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