You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
Oil's days are numbered. 
"The economics of new wind and solar projects combined with EVs are set to become irresistible."
"Renewable electricity has a short-run marginal cost of zero, is cleaner environmentally, could readily replace up to 40% of global oil demand."
2/
DAMN "oil industry has never before in its history faced the kind of threat that renewables... pose to its business model: * short-run marginal cost of zero * much cleaner environmentally * much easier to transport * could readily replace up to 40% of global oil demand" /end
Ooh! @JeremyLeggett created a slideshow on this groundbreaking report from @BNPParibas's Mark Lewis @MCL1965.
Oil's days are numbered.
https://jeremyleggett.net/2019/08/05/a-groundbreaking-report-out-today-shows-huge-capital-efficiency-advantage-of-solar-and-wind-over-oil/ …
Simply glorious news.
"Even if we add in the cost of building new network infrastructure to come with all the new wind and/or solar capacity implied by replacing gasoline with renewables and EVs, the economics of renewables still crush those of oil."
#CarbonBubble *Crack!*
"Extrapolating total expenditure on gasoline in 2018 for the next 25 years would see $25 trn spent on mobility...We estimate the cost of new renewables projects [able] to match the 2018 level of mobility provided by gasoline every year for the next 25 years at only $4.6-$5.2trn."
Yup:
“The economics of oil for gasoline and diesel vehicles versus wind- and solar-powered EVs are now in relentless and irreversible decline, with far-reaching implications for both policymakers and the oil majors.”
#CarbonBubble
Oil demand peaking in 2020s means a huge amount of money is at risk. The question is: when will financial markets wake up? Or as @MCL1965 of banking giant BNP Paribas put it:
"How much longer can Wile E Coyote keep walking out on thin air over the gulch before he looks down?"pic.twitter.com/irvegiVcbW
On oil demand peaking in 2020s, watch this video from Kingsmill Bond of @CarbonBubble. I summarized it in this thread:https://twitter.com/emahlee/status/1163344784640974849 …
.@arhobley explains the vast amount of money and value at risk due to demand for oil peaking in the 2020s:https://twitter.com/emahlee/status/1163232637445521408 …
The largest bank in the Eurozone (8th largest in the world) has damning news for oil sector: "Oil is finished; EVs+renewables are 6x more cost-effective" Again, this is a *banking giant* talking. Report doesn't even consider climate or health benefits. https://chargedevs.com/newswire/major-bank-oil-is-finished-evsrenewables-are-6x-more-cost-effective/ …
If I was an oil exec, I'd either be terrified OR continue proclaiming, "everything is fine!" to the great peril of shareholders and the world economy.
@MCL1965 reminds us of the billions lost in the European utility industry when demand for thermal electricity peaked in 2007:pic.twitter.com/uFsHvratiz
Another example of billions lost when incumbents failed to see the reality in front of their face:
#CarbonBubblehttps://twitter.com/emahlee/status/1163344787723845632 …
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
