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Shell: Oil On The Way Out

Earlier this year, Shell released its most recent future energy scenario report, New Lens Scenarios (check out the PDF here). One of the big highlights, in my eyes, was that one of the scenarios (Oceans) projected that solar energy would become the largest source of energy by 2070. However, another big projection that someone recently picked out of the report is that the world of passenger vehicles could be nearly oil-free by 2070.

shell passenger transport future

From the Mountains scenario (the not-as-green one): “By 2070, the passenger road market could be nearly oil-free and towards the end of the century an extensive hydrogen infrastructure rollout displaces oil demand for long haul and heavy loads. By this time, electricity and hydrogen may dominate, and affordable, plug-in, hybrid hydrogen vehicles offer the ultimate in flexibility and efficiency.”

As I noted when I first wrote about this Shell report, Shell’s cleantech projections might sound optimistic to a lay reader, but other (non-oil) companies and nonprofits have put forth much more optimistic projections and scenarios, ones in which solar energy and electric vehicles come to dominate much sooner. Shell, even if it is clear that we are moving away from oil, is trying to push a related resource it could tap for trillions of dollars — natural gas. To read its report or projections without paying attention to that would be to miss one of the key reasons Shell pumped time and money into this report.

But the key takeaway point does stand: even Shell realizes that a cleantech revolution is underway.

The second takeaway point is simply: Shell’s projections see the cleantech revolution happening very slowly, because that is what Shell is pushing for.

Don’t miss the second point for the first one, but certainly do go and parade this first point. It would be nice to think that only an illogical Fox News–brainwashed troll would think that cleantech is not the future of energy. But the truth is: a lot of common people don’t realize that cleantech is the future. Share the news!

h/t Motley Fool & Autoblog Green

 
Written By

is the director of CleanTechnica, the most popular cleantech-focused website in the world, and Planetsave, a world-leading green and science news site. He has been covering green news of various sorts since 2008, and he has been especially focused on solar energy, electric vehicles, and wind energy since 2009. Aside from his work on CleanTechnica and Planetsave, he's the founder and director of Solar Love, EV Obsession, and Bikocity. Zach has long-term investments in TSLA, SCTY, FSLR, SPWR, SEDG, & ABB. After years of covering solar and EVs, he simply had a lot of faith in these companies and felt like they were good companies to invest in as a portion of his retirement strategy. To connect with Zach on some of your favorite social networks, go to ZacharyShahan.com and click on the relevant buttons.

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