The Forum > Article Comments > Bank Of America: oil demand growth to hit zero within a decade > Comments
Bank Of America: oil demand growth to hit zero within a decade : Comments
By Nicholas Cunningham, published 8/2/2019By 2024, demand growth halves, falling to just 0.6 million barrels per day (mb/d), down from 1.2 mb/d this year.
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Posted by Hasbeen, Saturday, 9 February 2019 6:47:41 PM
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" only a question of time before EV's become powered by thorium"
Oh I think its much more likely that vehicles will be powered by either fairy dust or ground unicorn horn before we ever get to enjoy the wonders of thorium. Fair dinkum, Alan. Thorium hasn't produced a single unit of usable power ever, yet you carry on as though its an established power source. Is there no subject about which you won't insert your thorium fantasies? Seriously, I think if we had a thread about erectile dysfunction you be advocating thorium as the solution...rub a little thorium on the old-fella and not only can you go all night, but power the bedside lamp while you're at it. Sheesh. Posted by mhaze, Sunday, 10 February 2019 10:00:05 AM
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If you're right Hasbeen, why are new migrants being allowed to settle in overcrowded cities?
Even as small rural towns with critical labour shortages (doctors, nurses, vets, dentists, plumbers, electricians, teachers child care workers, aged care workers etc-etc) are dying for lack of critical mass population! Moreover, there's a precedent for mandated restricted resettlement for intending migrants. Furthermore, overstaying illegal migrants prefer large overcrowded cities where they just do not stand out or draw unwanted attention. However, in small rural communities, strangers/new chums stand out like the proverbial dog's hind leg, usually, the raised one! Please note I haven't mentioned MSR thorium anywhere in this comment or praised its virtues as the best possible power source for an Australia going backwards economically at a rate of knots. Proof of the pudding will be another lowering of interest rates. As if w weren't already mired as a community in enough domestic (all-time high, record and growing) debt! Alan B. Posted by Alan B., Sunday, 10 February 2019 10:14:45 AM
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Tut-tut mhaze
We must respect Faith in Thorium. Thorium faith is but a modern version of trainspotting, http://en.wiktionary.org/wiki/trainspotter where a Transpotter is: Someone obsessed with trains or trainsets or more generally: "An obsessive follower of any minority interest or hobby." Cheers Posted by plantagenet, Sunday, 10 February 2019 12:23:05 PM
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Don't be silly Alan, if we tried to tell these unwanted migrants where to live, the greens & other lefties would be screaming from the rooftops, that we were robbing them of their human rights.
Alan small towns are dying from lack of jobs, particularly jobs with good wages, not the other way around. Get ready for an increase in that, as internet selling pulls the rug out from under the country retailers still managing to earn a living. Country towns can't be propped by an influx of government paid people, when there is not enough need to justify the spending of taxpayer funds on them. Cheap housing has led to many of them becoming welfare havens, & retirement villages, with little gainful employment. I recently spent some time in a number of towns of my youth. Lithgow, a coal mining & manufacturing town was the most depressing. Bathurst & Blaney, once railway towns were the almost as depressing slowly rotting away, with no reason for its existence, except Bathursts race track. Cowra is dying more slowly. The only thriving town is Young, where a huge expansion in the cherry industry gives lots of good income small holdings. These not only offer high seasonal employment, but tend to spend in the town. Unless we decentralise government departments & industry, expect more dying towns. Posted by Hasbeen, Sunday, 10 February 2019 2:58:52 PM
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In this they may be right. Governments everywhere are doing their very best to make motoring & car ownership as hard as possible. This will probably lead to a reduction in car ownership & driving.
More people get crammed into high rise living, in our ever less desirable major cities, & approvals are being given for buildings with less car parking spaces than apartments. Inner city living is going to become a carless life style, like it or not.
They might have a problem getting existing generations out of their cars. In new developments with smaller block sizes, & narrow streets, even homes with 2 car garages are having problems finding parking for all the family cars.
This is of course, just another reduction in our lifestyle dictated by excessive immigration & it's attendant population growth.