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Page added on January 28, 2021

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Big Oil Knows How This Is Going To Go

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The “supermajor” oil companies collectively known as Big Oil are having a time of it, in large part because of the pandemic, obviously, but also because we are swiftly moving towards a post Peak Oil era. Big Oil knows this, and it’s doing what it can to get in on what’s next.

Take Royal Dutch Shell, one of the seven so-called “supermajor” oil companies that comprise Big Oil, who got pretty shook this summer after it had to write down $22 billion following cratering of demand. And while at the time that was largely attributed to the pandemic, Shell and other oil and gas companies have also been trying to diversify.

This has meant investments in the electric supply chain, the latest being Shell’s purchase of Ubitricity, which operates the biggest car charging network in Great Britain.

From the Financial Times Monday:

Shell said on Monday it would buy 100 per cent of the company for an undisclosed amount. Ubitricity, founded in Germany, is a leading European provider of on-street charging for electric vehicles.

The company, which integrates electric car charging into street infrastructure such as lamp posts, has more than 2,700 charge points in the UK, giving it a market share of 13 per cent.

Shell said the acquisition would help it expand into on-street charging. It already has more than 1,000 fast and ultrafast charging points at 430 Shell retail stations and a greater number including those owned by partners and affiliates at forecourts and motorway service stations.

Subject to regulatory approval, the deal is expected to close later this year.

Twenty-seven hundred charge points are not that many, and 13 percent of the market is also not that much since “the market” for EVs in Great Britain is a single-digit percentage compared to internal combustion cars, but when big multinational corporations move their money that’s always the truest indication where they think the future is going.

One of the biggest oil companies in the world thinks this electric thing has legs, or at least enough to hedge its bets a little. See you at the Shell station in 2050, plugging in our vintage Teslas.


15 Comments on "Big Oil Knows How This Is Going To Go"

  1. makati1 on Thu, 28th Jan 2021 11:09 pm 

    Hahahaha! This guy is another techie dreamer on dope. Sure oily demand is down. Half the world is locked in their homes and cannot go and use. But, that has to end soon or the pitchforks will be out after Faucky’s ass.

  2. makati1 on Thu, 28th Jan 2021 11:23 pm 

    BTW: all you dreamers of electric cars, etc, please do the math on how much “renewable” energy would it take to replace gasoline in just Amerika?

    How about diesel fuel?

    How many solar panels and windmills need to be made and installed and how many thousands of miles of new electrical cables would need to be strung to replace all those gasoline haulers?

    And, when you get those figures, tell me how it will all be paid for.

    Problem with all you techie dreamers: you never do the math or even think about the reality of the idea just the feel good vibes. LOL

    BTW: The total gasoline and distillates used in the US in 2017 was over 200,000,000,000 gallons. ~60,000,000,000 gallons was gasoline. Gotta replace those 280,000,000 cars first. And how about the hundreds of thousands of trucks?

    Some people are so gullible, but then, that is what keeps the stock market casino going.

  3. Brent Georgeson on Fri, 29th Jan 2021 12:24 am 

    Then how are you going to deal with getting the raw materials here for making all that stuff? Most of it is China or Bolivia. How about what are you going to do with all the battery waste talk about an environmental disaster.

  4. Cloggie on Fri, 29th Jan 2021 2:16 am 

    UK’s government opens massive 8 GW tender offshore wind projects:

    “Bidding Starts on UK Offshore Wind Seabed Rights”

    Continental European wind turbine and Dutch offshore installation companies are rubbing their hands, anticipating fat profits.

    Projects like these ensure the consolidation and further growth of the European renewable energy companies, giving them global reach, crushing Anglo oil companies.

    At least Royal Dutch Shell knows from hat angle the wind is blowing, the only “Anglo” oil company with strong feelers in the EU and its renewable energy program.

    Oil & gas out, wind in.
    Oil & gas: yesterday’s snow.

    Sorry makati, you lost.

    Kiss those goodbye:

    Or as the Romans used to say in those cases:

    “Ave Imperator, morituri te salutant”,_morituri_te_salutant

    Or as Mikhail Gorbachev remarked in 1989: “Life punishes those who come too late”

    While makati, DT and the rest of North-America try to figure out if “a renewable energy base can exist without fossil fuels” or if “hydrogen is an energy source or an energy carrier”, Eurasia is creating rapid facts, ensuring subsequent geopolitical dominance in the very near future.

    No worries though, we’ll teach you renewables after our return to North-America, when we liberate you from the diversity menace, that is henpecking you and rollback 1776.

  5. Cloggie on Fri, 29th Jan 2021 3:04 am 

    Sorry for reposting this, won’t make a habit of it, but it is better suited here:

    Shell taking a majority stake in a new Irish offshore wind park.


    – Shell is getting real serious about reinventing itself as a renewable energy company.
    – Offshore wind now gets a deep water option, vastly expanding the potential applications. Think Japan, China, US, Ireland, Norway and many others.

    “Shell to Build Floating Offshore Wind Park near Ireland”

    Shell is under strong Dutch public pressure to reinvent itself as a renewable energy company:

    “Several Shell topmanagers are leaving Shell because the transition isn’t going fast enough”

    Royal Dutch Shell is a popular Dutch icon, on par with the likes of KLM, Philips, Unilever and ASML. Nobody wants to destroy Shell, but instead want it to succeed and by understanding the signs of the times, with its deep pockets, to take the global lead in the renewable energy transition, not in the least because it is in the Dutch ecoomic interest.

    The most important NGO that is pushing for change within Shell is “Follow This”:

    They are constantly suing Shell and meanwhile other companies as well, to really change course.

    The battle within Shell is between old school oil & gas guys like CEO Ben van Beurden…

    …who as from 3:30 reluctantly admits that renewables are a future business (“but we should remain prudent!”) and CEO Shell Netherlands, Marjan van Loon, who is more open for a faster transition:

  6. Anonymouse on Fri, 29th Jan 2021 3:13 am 

    You know cloggedrectum, it would be a LOT better if you could get yourself into the habit of not saying at all here. Ever again.

    That would be for the best.

  7. Biden's hairplug on Fri, 29th Jan 2021 3:42 am 

    “That would be for the best.”

    Only for you, you planetary embarrassment.

    White Santaclaus greeted by jubilant black folks in Zimbabwe:,8599,1713275,00.html

    “Come Back, Colonialism, All Is Forgiven”

    Won’t be different with our resident vulgar POS anonymousy, the loser who has nothing to say of substance, ever, only trying in vain to stifle debate, grotesquely overplaying his BLM hands, merely trying to impotently mimic that other wannabee “moderator”, empire dave, who at least is smart enough to understand what is next and fled accordingly into the relatively safe Missouri bush.

    Write in your agenda, you clown: the most crushing military defeat is in the works for that merry band of exceptionalist supremacists, that are now going to bite the dust: Jews, English, North-American libtards (including you), at the hands of Eurasia and US white nationalists.

    Don’t take it from me, take it from your ally makati and empire dave, who voted with his feet, because he recognizes a defeat if he sees one.

  8. Cloggie on Fri, 29th Jan 2021 4:22 am 

    More Shell renewable energy news. In 2015 a brand new, ultra-modern, 800 MW coal power station became operational in Moorburg, near Hamburg.

    Then they closed it down, climate thingy.

    Now Vattenfall, Mitsubishi and Shell have signed a letter of intent to retrofit the written-off power station for the production of hydrogen, from solar and wind, at least 100 MW:

    If they had only hired the energy laymen DT or makati, not hindered by any education, could have told Vattenfall and Shell (worth many billions), that hydrogen isn’t an energy source but an energy carrier!


    And since the power station is near Hamburg, they can use the hydrogen generation and burning for cogeneration:

    Baseload power + heat.

  9. Adriano on Fri, 29th Jan 2021 6:23 am 

    clog, you don’t know entropy

  10. Cloggie on Fri, 29th Jan 2021 7:26 am 

    But you do?
    I’m happy for you.
    Nice item on your resume.

  11. FuckBidetAndRepugnantHarris on Fri, 29th Jan 2021 9:05 am 

    OK, if indeed (I am not totally sure of that) the US military is in charge that changes a lot of things. It means we can run thinks more like an engineering project then a political system. That makes things easier and faster. Let me think about it over the weekend. I will regret this for the rest of my life.

  12. DT on Fri, 29th Jan 2021 10:50 am 

    Dream on Cloggie.

  13. DT on Fri, 29th Jan 2021 11:34 am 

    Why is hydrogen not a feasible energy source?
    Because it has such a low energy density, hydrogen needs to be stored and transported under high pressure — which makes it bulky and impractical. The pressure issue compounds another issue with hydrogen energy; like gasoline, hydrogen is highly flammable, but unlike gas, it has no smell.
    What are the pros and cons of hydrogen energy? | HowStuffWorks…

  14. Cloggie on Fri, 29th Jan 2021 12:44 pm 

    “Because it has such a low energy density, hydrogen needs to be stored and transported under high pressure — which makes it bulky and impractical.“

    You folks are years behind developments in Europe.

    1 kg non-toxic, chemical stable Sodium Borohydride has a hydrogen content of 9 kWh, which is almost as good as gasoline. Mix it with water and all the H2 is released. Put 50 kg yoghurt-like substance in your fuel-cell car and drive 600 km.

    All my borohydride articles:

    In Europe we have long decided that we are going to have a hydrogen economy. You have yet to figure out the most elementary principles regarding everything related to energy. Deep in your heart you love oil too much, cultural thingy. Unfortunately for you, conventional oil is running out.

    Houston, we have a problem.

    You have a “financialized economy”, rather than one based on engineering, like they have in Germany. Has to do with the preferences of your owners. No worries, you can buy our stuff, like we have bought your gasoline for decades:

  15. DT on Fri, 29th Jan 2021 2:38 pm 

    Cloggie keep me up to date when I can go to the filling station and purchase a tankful of borohydride for my brand new borohydride car that does not exist except in your fantasy world.

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