Oil demand could grow at its fastest rate since the 1970s for the next three years, BofA Global Research has said in a note.
The commodity’s future is limited, though, the analysts said, expecting global oil demand to peak around 2030. The rise of electric vehicles (EVs) drives this change.
evilgenius wrote:Isn't the danger with hydrogen more the one where we do a switchover, even just for long haul trucking, and discover it has breached some sort of critical point that is having an effect upon the atmosphere? Think about it, the hydrogen burning results in water as an output, which binds so much oxygen. It, therefore, makes a difference, to the balance of oxygen, whether you get your hydrogen from electrolysis of water, or from natural gas. All we need to do is set up a system where the economics of it force us to decide in the wrong direction!
eclipse wrote:evilgenius wrote:Isn't the danger with hydrogen more the one where we do a switchover, even just for long haul trucking, and discover it has breached some sort of critical point that is having an effect upon the atmosphere? Think about it, the hydrogen burning results in water as an output, which binds so much oxygen. It, therefore, makes a difference, to the balance of oxygen, whether you get your hydrogen from electrolysis of water, or from natural gas. All we need to do is set up a system where the economics of it force us to decide in the wrong direction!
Why don't you look up how many tons of oxygen are in the atmosphere and how many tons of oxygen per year it would take to replace ALL oil with the WRONG hydrogen before sounding this rather ridiculous alarm? Go on, tell us what tiny, infinitesimal percent of our atmospheric oxygen we'd be locking away as water? Do the math and tell us how much TOTAL oxygen would be locked away as water if we actually burned all the remaining fossil fuels to get all the hydrogen we needed? What percentage of Earth's free oxygen would be locked away in that scenario? Hint: there are 5.5 QUADRILLION TONS of atmosphere, and 1/5th of that is oxygen. That's about 1.1 QUADRILLION TONS of oxygen aka 1,100 TRILLION tons of oxygen aka 1.1 MILLION BILLION tons of oxygen. Bill McKibben in do the math suggested there was 2,795 gigatons fossil fuel reserves. It takes lots of energy to create hydrogen from fossil fuels, so we would need to deduct that. But let's not. Let's pretend - for the sake of argument - that one ton of fossil fuels = 1 ton of oxygen locked away if we convert said fossil fuels to hydrogen and burned it! 1100 000 BILLION tons of oxygen / 2795 BILLION tons of fossil fuels = 393. That means there is 393 TIMES more oxygen than all our fossil fuels. Converting it all - every last bit of conventional coal and oil and gas reserves into hydrogen and burning it would lock away about 1/393th of our breathable oxygen! Call the newspapers it's the end of the world!![]()
But with the big banks like the European Investment Bank declaring "Gas is over" - I doubt dirty hydrogen will get funding. Green hydrogen comes from water, and back to water it will go. There are enormous plans in Australia to use renewable energy to produce green hydrogen, with the final plan decades from now to be something like 8 times our grid capacity to produce vast amounts of exportable energy.
final plan decades from now
eclipse wrote:A stock-market-crash like the Great Depression can actually stimulate huge government investment in energy systems. EG: Look up the Hoover Dam! Huge things can still be built during a Depression. Indeed, sometimes they are the fastest way out of said Depression.
StarvingLion wrote:eclipse wrote:A stock-market-crash like the Great Depression can actually stimulate huge government investment in energy systems. EG: Look up the Hoover Dam! Huge things can still be built during a Depression. Indeed, sometimes they are the fastest way out of said Depression.
We've been in a depression for the past 20 years. Now we're in a permanent collapse. Nothing is fundable period.
StarvingLion wrote:eclipse wrote:A stock-market-crash like the Great Depression can actually stimulate huge government investment in energy systems. EG: Look up the Hoover Dam! Huge things can still be built during a Depression. Indeed, sometimes they are the fastest way out of said Depression.
We've been in a depression for the past 20 years. Now we're in a permanent collapse. Nothing is fundable period.
eclipse wrote:evilgenius wrote:Isn't the danger with hydrogen more the one where we do a switchover, even just for long haul trucking, and discover it has breached some sort of critical point that is having an effect upon the atmosphere? Think about it, the hydrogen burning results in water as an output, which binds so much oxygen. It, therefore, makes a difference, to the balance of oxygen, whether you get your hydrogen from electrolysis of water, or from natural gas. All we need to do is set up a system where the economics of it force us to decide in the wrong direction!
There are 5.5 QUADRILLION TONS of atmosphere, and 1/5th of that is oxygen. That's about 1.1 QUADRILLION TONS of oxygen aka 1,100 TRILLION tons of oxygen aka 1.1 MILLION BILLION tons of oxygen.
That's 1 100 000 BILLION tons. Bill McKibben in Do the Math said there was 2,795 gigatons fossil fuel reserves left. That's 2795 BILLION tons. 1100 000 / 2795 = 393. That means there is 393 TIMES more oxygen than all our fossil fuels. So even if we allowed a direct 1:1 locking away of hydrogen per ton fossil fuel (and it doesn't work like that at all!), we would lose only 1/393th of our oxygen! And that's if we burned away every last bit of coal and oil and gas we have on the reserves right now.
But with the big banks like the European Investment Bank declaring "Gas is over" - I doubt dirty hydrogen will get funding. Green hydrogen comes from water, and back to water it will go. There are enormous plans in Australia to use renewable energy to produce green hydrogen, with the final plan decades from now to be something like 8 times our grid capacity to produce vast amounts of exportable energy.
evilgenius wrote: If we went with hydrogen for 200 years, would that alter the balance, in other words? Does anything add up, like carbon, and take a long time to go away? It seems right to contemplate such things now. It seems like it should be no threat, but we didn't anticipate what carbon dioxide would do either.
Plantagenet wrote:evilgenius wrote: If we went with hydrogen for 200 years, would that alter the balance, in other words? Does anything add up, like carbon, and take a long time to go away? It seems right to contemplate such things now. It seems like it should be no threat, but we didn't anticipate what carbon dioxide would do either.
Thats a very good point.
As far as I can learn, the only emissions emitted from a FCV (fuel cell vehicle) are water vapor and some heat.
epa: hydrogen-fuel-cell-vehicles
Water vapor is technically a greenhouse gas, and so creation of more water vapor might theoretically drive more Greenhouse warming. Indeed some climate models suggest that global warming due to CO2 is putting more water vapor into the air, resulting in a feedback effect that slightly increases global warming.
However, the hydrologic cycle for the entire planet is so huge, that the amount of water coming from FCVs would be really tiny in comparison to the natural hydrologic cycle. This is contrast to CO2, where human generated CO2 has greatly increased the amount of CO2 in the atmophere.
So, yes there might be a very tiny effect. But it would probably be very tiny, and more then offset by reducing lifetime CO2 emissions from ICE and EV vehicles.
Cheers!
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