With advances in renewables, Engie sees oil at $10/bbl...eventually.

摘要

According to the French energy company's head of research, technology and innovation Thierry Lepercq, vast strides in renewables and energy conservation over the coming years may make oil all but obsolete. "Even if oil demand continues to climb until 2025, its price could drop to $10 if markets anticipate a significant fall in demand," he said. "Solar, battery storage, electrical and hydrogen vehicles, and connected devices are in a 'J' curve," he added. "Hydrogen is the missing link in a 100 percent renewable-energy system, but technological bricks already exist."