Stanford study says fossil-fueled cars will vanish in 8 years as big oil collapses

May 17, 2017 by  
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A new study published by Stanford University suggests that fossil-fueled cars will vanish within eight years – and citizens will have no choice but to invest in electric vehicles or similar technologies. This is because the cost of electric vehicles – including cars, buses, and trucks – will ultimately decrease, resulting in the collapse of the petroleum industry. Led by Stanford University economist Tony Seba, the report has caused spasms of anxiety within the oil industry . Entitled “Rethinking Transportation 2020-2030,” it details how people will ultimately switch to self-driving electric vehicles, as they are ten times cheaper to maintain than cars that run on fossil fuels and have a near-zero marginal cost of fuel. Additionally, EVs have an expected lifespan of 1 million miles. In comparison, most fossil-based cars barely last 200,000 miles. Seba predicts that in less than a decade, it will become very difficult for consumers to find petrol stations, spares or mechanics knowledgeable enough to fix combustion engines. His ultimate premise is that modern-day car dealerships will disappear by 2024 as the long-term price of oil falls to $25 USD a barrel. Those who cling to their outdated cars will probably have to pay to dispose of them in the future, says Seba. In the author’s own words, there will be a “mass stranding of existing vehicles.” Related: Iceland’s “Thor” volcano power plant can generate 10X more energy than oil or gas wells The Sanford researcher is also confident that within the next decade, humans will predominantly rely on self-driving vehicles as they are significantly less dangerous. “We are on the cusp of one of the fastest, deepest, most consequential disruptions of transportation in history,” said Seba. “Internal combustion engine vehicles will enter a vicious cycle of increasing costs. What the cost curve says is that by 2025 all new vehicles will be electric , all new buses, all new cars, all new tractors, all new vans, anything that moves on wheels will be electric, globally.” The Professor estimates that the “tipping point” will occur in the next two to three years when EV batteries surpass 200 miles and electric car prices plummet to $30,000 USD. By 2022, the low-end models will be sold for as low as $20,000. Following that, it will be the death of big oil . + Stanford Via Financial Post Images via Pixabay

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Stanford study says fossil-fueled cars will vanish in 8 years as big oil collapses

Sign This Petition to Help Stop Fracking in National Parks

October 30, 2014 by  
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Want to help protect your national parks from toxic fracking activities ? There’s an opportunity to do so right from your computer screen. Left Action aims to keep the oil and gas industry out of U.S. parks and public lands, and they need you to sign their latest petition . According to Left Action, “The oil and gas industry is already fracking in some national forests like the Allegheny National Forest in Pennsylvania. They are also fracking on lands adjacent to national parks like Sequoia and Kings Canyon National Parks in California.” Read the rest of Sign This Petition to Help Stop Fracking in National Parks Permalink | Add to del.icio.us | digg Post tags: Climate Change , Environment , exploration , fracking , gas , global warming , left action , oil , petition , petroleum

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Sign This Petition to Help Stop Fracking in National Parks

Saudi Arabia is Investing Heavily in Solar Power; Is This the End for Big Oil?

September 5, 2014 by  
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When the country with the largest oil reserves in the world decides to start investing in renewable energy , it may well be a sign that the age of big oil is coming to an end. While the US is still focused on fossil fuels – whether drilling, importing, or otherwise – the Kingdom of Saudi Arabia has realized that relying on a finite energy resource is not the smartest move, and it has begun to implement more solar systems into its electrical grid instead of older diesel generators. Read the rest of Saudi Arabia is Investing Heavily in Solar Power; Is This the End for Big Oil? Permalink | Add to del.icio.us | digg Post tags: “solar energy” , crude oil , diesel generators , oil reserves , petroleum , SASIA , saudi arabia , Saudi Arabia Solar Industry Association , Solar Power , sunfounder

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Saudi Arabia is Investing Heavily in Solar Power; Is This the End for Big Oil?

Keystone XL Fight Prompts Concerns About a Great Lakes Oil Spill

March 6, 2014 by  
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Image of Great Lakes / Shutterstock The fight to stop the Keystone XL pipeline is putting a spotlight on aging oil and gas pipeline infrastructure in the United States that could be vulnerable to devastating spills. Of particular concern for environmental activists and some members of Congress is a buried stretch of an oil pipeline constructed in 1953 that runs beneath the straits of Mackinac, which separates Michigan’s Upper and Lower Peninsulas and connects the Great Lakes of Michigan and Huron. The two 20 inch pipelines carrying nearly 23 million gallons of crude oil every day at a depth of 270 feet are facing closer scrutiny following high-profile oil pipeline spills in Arkansas , North Dakota and a 2010 Canadian tar sands oil pipeline spill in Michigan that dumped more than one million gallons of crude into the Kalamazoo River and a tributary creek — the largest onshore oil spill in U.S. history. Read the rest of Keystone XL Fight Prompts Concerns About a Great Lakes Oil Spill Permalink | Add to del.icio.us | digg Post tags: Arkansas oil spill , canadian tar sands , Enbridge Energy Partners , Enbridge pipeline system , great lakes , Kalamazoo River oil spill , Keystone XL Pipeline , KXL , Lakehead pipeline system , Michigan , North Dakota oil spill , oil , petroleum , pipelines , straits of Mackinac        

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Keystone XL Fight Prompts Concerns About a Great Lakes Oil Spill

Bioengineered E.coli Bacteria Poops Out Petroleum

October 1, 2013 by  
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Image via Shutterstock The last few years have shown that bacteria can “poop out” some mighty useful (and valuable) stuff – whether it be gold or battery power . Now a team from the Korea Advanced Institute of Science and Technology (KAIST) has created the world’s first biogasoline from that ever-malleable and sometimes lethal bug: E.coli . Not only that, but KAIST’s biogasoline has “identical composition and chemical properties to conventional petrol.” Read the rest of Bioengineered E.coli Bacteria Poops Out Petroleum Permalink | Add to del.icio.us | digg Post tags: alternative energy , bacteria poop , bio gasoline , biodiesel , bioengineering , biofuel , e.coli , ecoli , gasonline , green energy , green fuel , kaist , petroleum , south korea        

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Bioengineered E.coli Bacteria Poops Out Petroleum

Triangle Tree’s Edible Spoons Are a Tasty Alternative to Plastic Utensils

April 25, 2013 by  
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In an effort to create an alternative to disposable plastic silverware, Triangle Tree  has produced Edible Spoons, a spoon that you can eat after finishing your meal. Made of corn, the spoons are biodegradable and can either be composted or consumed. The Edible Spoon is also designed to break apart after use to make snacking easier. Created with all organic ingredients, the spoon comes in three flavors (plain, spicy, or sweet), and can act as a novel snack or an eco-friendly alternative to petroleum products. + Triangle Tree Via Geekologie Permalink | Add to del.icio.us | digg Post tags: Biodegradable , corn , edible spoon , food , Organic , petroleum , plastic , triangle tree        

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Triangle Tree’s Edible Spoons Are a Tasty Alternative to Plastic Utensils

Triangle Tree’s Edible Spoons Are a Tasty Alternative to Plastic Utensils

April 25, 2013 by  
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In an effort to create an alternative to disposable plastic silverware, Triangle Tree  has produced Edible Spoons, a spoon that you can eat after finishing your meal. Made of corn, the spoons are biodegradable and can either be composted or consumed. The Edible Spoon is also designed to break apart after use to make snacking easier. Created with all organic ingredients, the spoon comes in three flavors (plain, spicy, or sweet), and can act as a novel snack or an eco-friendly alternative to petroleum products. + Triangle Tree Via Geekologie Permalink | Add to del.icio.us | digg Post tags: Biodegradable , corn , edible spoon , food , Organic , petroleum , plastic , triangle tree        

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Triangle Tree’s Edible Spoons Are a Tasty Alternative to Plastic Utensils

Radhaus is a Glowing Bike Shop & Storage Facility in Eastern Germany

April 25, 2013 by  
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Read the rest of Radhaus is a Glowing Bike Shop & Storage Facility in Eastern Germany Permalink | Add to del.icio.us | digg Post tags: “sustainable architecture” , bicycle shop , bicycle station erfurt , bicycle storage , bike shed , bike shop , Bike Storage , Daylighting , eco design , erfurt , germany , green architecture , Green Building , green design , indoor bike storage , Osterwold Schmidt , Osterwold+Schmidt , radhaus , Sustainable Building , sustainable design        

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Radhaus is a Glowing Bike Shop & Storage Facility in Eastern Germany

BP Reveals It Knew About Explosion Risk at the Deepwater Horizon Oil Rig Before It Happened

February 27, 2013 by  
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Former BP America president Lamar McKay recently revealed in court that the company knew about the risk of explosion at the Deepwater Horizon rig well before it took place. Engineers expressed concern as early as 2009 about the possibility of malfunction, but the company charged ahead anyway, resulting in the explosion that spilled roughly four million barrels of oil into the ocean. The spill itself caused untold damage , claimed nearly a dozen lives and, according to testimony, it could have been prevented. Read the rest of BP Reveals It Knew About Explosion Risk at the Deepwater Horizon Oil Rig Before It Happened Permalink | Add to del.icio.us | digg Post tags: BP Court Trial , BP Oil spill knowledge , BP President Lamar McKay , BP Rig Explosion , British Petroleum Spill , deepwater horizon explosion , Deepwater Horizon Spill , gulf of mexico oil spill , louisiana oil spill , Ocean Oil Spill

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BP Reveals It Knew About Explosion Risk at the Deepwater Horizon Oil Rig Before It Happened

Scientists Use Pine Sap to Create Biodegradable, Renewable Plastics

February 25, 2013 by  
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Photo via Shutterstock As we begin to see the devastating effects of plastic pollution on our environment, scientists are working towards generating more eco-friendly alternatives to petroleum-based materials. Chuanbing Tang from the University of South Carolina is looking to the noble conifer to provide the key to biodegradable, renewable plastics. His research group has been altering the natural resins of firs, pines, and other evergreens through polymerization to create compounds that are more sustainable than fossil fuel-derived plastics. Read the rest of Scientists Use Pine Sap to Create Biodegradable, Renewable Plastics Permalink | Add to del.icio.us | digg Post tags: aromatic , chinese acaemy of forestry , chuanbing tang , conifer , cycloaliphatic , fir , fuxiang chu , hydrocarbons , macromolecular rapid communications , microbes , perry wilbon , petroleum , pine , plastic , polymerization , resin , rosin , terpenes , terpenoids , Tree , turpentine , University of South Carolina

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Scientists Use Pine Sap to Create Biodegradable, Renewable Plastics

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