Aardvark DailyNew Zealand's longest-running online daily news and commentary publication, now in its 24th year. The opinion pieces presented here are not purported to be fact but reasonable effort is made to ensure accuracy.
Content copyright © 1995 - 2018 to Bruce Simpson (aka Aardvark), the logo was kindly created for Aardvark Daily by the folks at aardvark.co.uk
Please visit the sponsor!
"Big Oil" is the subject of many conspiracy stories.
Apparently, if you're sufficiently imbecilic, you believe that "big oil" is the sole reason why you can't run your car on water.
It was the oil companies who killed Stanley Meyer, the one guy who was able to defeat the laws of thermodynamics and build a car engine that ran on water.
This conglomerate of huge multinational fossil-fuel companies are also responsible for suppressing the equally nonsensical HHO schemes that allow you to run your car on water by splitting water in to hydrogen and oxygen in a way that produces over-unity energy.
My gawd, how evil are these "big oil"companies?
However, seemingly in spite of the best efforts of this nasty group of assassins and cover-up merchants, companies such as Telsa, Nissan, BMW, Chevy and many more, have been able to produce electric cars that use absolutely no petrol or diesel.
Why hasn't "big oil" stopped them -- in the way they stopped Meyer and the HHO technology?
That's a question which none of the "run your car on water" zealots have been able top answer to my satisfaction.
But the future is clear -- and fossil fuel looks set to play an increasingly small part in our land-transport technologies.
Is this a good thing?
Well from an environmental and health perspective, of course it is.
From an economic perspective however, there is considerable concern that it may spark the next global financial crisis.
Yes, "big oil" may not be a well-equipped team of assassins and information suppression agents, hell bent on retaining our dependence on their fuels, but they do play a very big part in the global economy. If they fail, or even go through very bad times, the effects could be significant and widespread throughout the economies of the Western world.
Or at least that's what the "experts" are claiming.
Personally, I'm not so sure.
For a start, transport fuels are just a part of their market. Let's not forget that huge amounts of crude oil are also used for lubricants, plastics and other products which are in ever-increasing demand.
Let's also acknowledge that "big oil" has long been aware that its time as the provider of transport fuels is reaching its best-by date. Even if we had no replacement technologies for the internal combustion engine, the supplies of oil are limited and any industry worth its salt would have already started planning a transition to other products and services to account for that inevitability.
If the "experts" are worried about the effects the EV revolution might have on the fortunes of "big oil" then they should be even more worried about the "anti-plastic" movement will have. Supermarkets around the world are phasing out disposable plastic bags. Other industries are also switching off plastic -- with even the BBC banning single-use plastics by 2020
It's also worth noting that many of the companies which make up "big oil" have already invested heavily in alternative energy technologies. BP for instance, was a trail-blazer in the PVA industry, starting decades ago.
I seriously doubt that the rise of the EV will trigger a global financial meltdown although, since these things are cyclic, I'm sure there will be another GFC in the next decade or so.
On a related note, I see that this NZ government report has identified the presence of lithium in the Taupo region, although not in sufficient quantity or in a form that was deemed "economic" to extract.
Likewise we apparently have uranium and beryllium deposits on the West Coast of the South Island
Could the demand for elements necessary for the creation of "clean, green, renewable energy" see NZ's countryside ravaged by mining? This NZ Herald story makes interesting reading.
The days of "Big Oil" may be numbered... but what will replace it and could we be in line to become the new Saudi Arabia of resources essential to energy production?
Please visit the sponsor!
Have your say in the Aardvark Forums.