Tony Seba says it's the end of the line for oil & gas as IEA reveals huge problem

Solar is no joke, we installed 20x400 watt panels and a whole house battery last fall, its been fantastic.

We have solar, induction cooktop, and electric cars. The only gas appliance left is the hot water heater that was installed in 2019. I’ll replace that with a heat pump model at the end of its life. Never going back to an ICE car. Edit: oh forgot we switched to an all-in-one washer/dryer that uses a heat pump for drying.

I’m in Québec where 95% of our electricity is from Hydro, we also generate a surplus which is exported, our price of electricity is the cheapest on the American continent. 😮 The Provincial Government gives a $7000 subsidy when purchasing an EV , plus another $5000 from the Federal Government consequently the number and variety of EV 's on the road is skyrocketing.😅 The largest EV charging group Circuit Électrique's stations are everywhere and the province is well covered. We are very fortunate. 😊

Here in Canada we switched to a high efficiency air-to-air heat pump to get off natural gas for heating our small bungalow. Regulations required that we also have some kind of old style furnace as back up for deep cold. Went went with resistance electric but last winter, our first full winter, it never came on once. Also, the gird here in Ontario is already 90% fossil fuel free.

Peak oil used to mean peak production capability. Now it means peak demand.

Can someone tell the UK MP's 🙈

I love my solar panels and power wall. Not only powering my house but allowing me to drive for free. Most of my drives are local and I charge at home.

In my area there is a used panel reseller selling 29kw of panel for $1700 usd. We get 5.5 hours of sunlight ....almost 160kw a day for $1700 WOW This is why Tonys predictions will come true.

And I just installed a heat pump. With my EV , electric mower, E whipper snipper, and E snow blower I only have a hot water heater left on Propane. That one goes next year.

Oil has many by products , so it will never be obsolete.

All in on all electric home and electric vehicles for past 12 years, with solar paneled equipped home with complementary battery storage. Haven't been to a gas/petrol station for 12+ years and will never own/drive ICE vehicles in the future. We have electric heat pump and electric heat pump water heaters so no fossil fuel sources required to heat or cool our home. Solar works, no need for fossil fuel sources. We have been net producers since 2012 installation, and send ~50 percent of our excess solar energy back to grid with Net Metering. Tony Seba is right and hopefully the transition happens faster than his prediction.

I bought a Tesla two years ago. Last year I installed solar panels and a Powerwall. I no longer pay for transport or energy and my home is carbon-negative. Feels so good to give the finger to OPEC and the energy companies! 🖕🖕

The US will be shocked by the lack of demand for LNG but not in lack of demand for oil, the US like Saudi Arabia has been extracting as much oil as they can economically for 100 years... that takes a toll on reserves that don't require insane energy and resources to get produce. A lot of the US "oil production" is NGL and other things that are generously credited as domestic oil production. I think the average consumer would be disappointed and change behavior if they knew how much goes into producing the domestic oil that we do, only to still need to import a massive volume for our 20 million barrel a day habit.

The discovery of oil peaked in 1964. Since then, discoveries have declined, while demand has increased. Demand is now higher than discoveries. Unsustainable.

Yesterday there was a report in the news about how we’re gonna be short on electricity. So if renewables can’t keep up, oil and gas will be used to generate electricity.

Dear Viking: In Switzerland, our local peak oil was 1973 with close to 15 mio t/a of demand. 2022 we were at 8.8 mio t/a. So the industry already lost 40% of its customer base here. I have a friend who used to be our oil supplier for the heating. He had taken over this little business from his father. He went out of business about 15 years ago and sold his customer base to a competitor. He said: "look at the statistics, there will be less and less demand. Sooner or later that won't make any sense. So I prefer to act now". He is doing just fine by now in a different business. Of course, Switzerland is a tiny portion on the global market. But many other countries will follow in these footsteps very soon and that adds up finally. Example: Of Germany, a market about 12 times the size, from 2019 to 2023 the monthly consumption also went down from more than 9 to approximately 8 mio t/m.

Just today EU reported colossal decrease of gas and coal use in EU. Around 20-25% for 2023. There 19% increase in renewables and 2% increase in nuclear. Nuclear will rise may be 15-20% or so in next months as many reactors were shutdown in 2023 for renovation. So coal may shrink by further 30-40% this year

I've had solar on my roof for 5 years now. Haven't paid any power since.

Been following Tony Seba / Adam Dohr and Rethink X for years he/they, have shown great intuition and knowledge on battery costs energy disruption - Solar wind and battery seems a great solution to energy independence - can't wait to see your solar roof conversation and your chosen battery storage choices and installation - thanks for sharing Viking! Skal!

Thanks, important info.