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The Energy Disruption Triangle
book

The Energy Disruption Triangle

by David C. Fessler
January 2019
Intermediate to advanced content levelIntermediate to advanced
384 pages
9h 59m
English
Wiley
Content preview from The Energy Disruption Triangle

CHAPTER SIXTEENEVs as an Energy Source

With a little software and a few more electronic circuits, utilities can easily turn a homeowner's EV into a backup or evening source of stored power. I will discuss the potential ramifications of this, as it will eventually be a standard or optional feature on every EV sold. First, let's look at the effects that an increasing level of electric vehicles is going to have on the world's oil markets.

PEAK OIL … AGAIN

In 2010, I wrote and spoke about the concept of “peak oil.” Simply put, this theory states that global oil production will hit a maximum (peak) level before declining.1 Oil prices had hit a record high of $147 a barrel in July 2008, and many analysts focused on the supply-demand equation and the topic of peak oil. Back then, peak oil was all about peak supply. The introduction of hydraulic fracking and horizontal drilling has since blown the peak oil supply argument right out of the picture. Producers have developed so much new supply during the last decade that the United States is now the world's top crude producer.

Fast-forward to 2018. Fuel efficiency is increasing as new technologies are reducing the amount of fuel needed in fossil fuel–powered vehicles. New carbon emission rules are continuing to go into effect in nations other than the United States. But there's one important change happening that could start to lower the amount of oil the world consumes every day. And that's the switchover to EVs from fossil fuel-powered ...

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Publisher Resources

ISBN: 9781119347118Purchase book