Thread regarding ConocoPhillips layoffs

The noted perspective is a worldwide perspective. Additional factors will contribute. More efficient engines will reduce consumption to 90 percent of 2005 levels by 2020 and to 60 percent by 2050. The new record number of new cars sold will reduce the number of inefficient cars on the road.

This guy is a hack! Only 120,000 electric cars were sold in the USA in 2014. Lets say the number rose to 180,000 in 2015... That would be a 50% increase year over year. You do realize that the USA broke records with 17.8 million new cars sold in 2015 right? What percentage of 17.8 million is 180,000?

There are way too many variables for his argument to make rational sense. The only reason that electric cars have been selling as well as they have is because of government subsidies. We are in a stagnant economy with a presidential election on the horizon... what are the odds that a lot of the subsidies will be lowered or cut altogether? Are we shifting away from fossil fuels? Yes, but at a snails pace... you also have to figure that if demand grows by 1% per year instead of the 2% on record (I'm saying this

BECAUSE OF green strides) We would still be consuming 91 million barrels per day instead of 92.

Saudi went for market share. They needed to shut down shale (which is controlled by for profit businesses beholding to stock holders) and stick it to Iran. If Exxon, Anadarko, Noble, and Shell were state owned there wouldn't be a chance in hell the price of oil would be sitting at $30 dollars with Saudi pumping over 10 million barrels a day.

This is not a perspective, this is the peak demand theory which has been hypothesized since around 2009.

• low oil prices have not stimulated demand as expected

• low cost producers are fighting over market share (because oil in the geound is worth nothing)

• we may get one more oil price pop but that is far from certain

The scoop and parts of the Permian work today - thats it.