How an obscure British PC maker invented ARM and changed the world You’ll almost always find a site which republishes it without a paywall, with permission.) (A new year hint: if you want to read a Bloomberg story but don’t have a subscription, try plugging the headline of the story into a search engine. And while the “million barrels per day” number sounds good, current consumption is about 100 million per day. One other one: oil now has a lower return on equity than renewables. BP says that even if energy policy keeps evolving at pretty much the pace it is today, oil demand will still start declining. That’s not because of aggressive policies aimed at reaching net-zero global greenhouse gas emissions by 2050, nor as a result of carbon prices or other interventions aimed at limiting global temperature rise. The big takeaway from BP Plc’s annual energy outlook: Oil demand will peak this decade. Expect the electric vehicle market to grow in 2020. That’s thanks to Europe, which had the largest fall in internal combustion sales (down almost 56% year on year) and a similarly humongous increase in EV sales (up more than 45%). Global automobile sales plunged in the first two quarters of 2020 to levels not seen since the financial crisis. China buys more than 18 million electric two-wheelers a year by 2040, BNEF expects the world to buy 70 million. There are almost a quarter-billion such electric vehicles on the road today. For that we can thank the tiny electrics with two or three wheels - they’re responsible for more than half of that vanished demand for oil. Yet none of those categories is the main part of avoided oil consumption today. There are now millions of personal electric vehicles on the road and hundreds of thousands of electric buses, not to mention commercial electric vehicles. In May, BloombergNEF analysis found that the electric vehicles currently on the road are already avoiding a million barrels per day of the world’s would-be oil consumption. Ten charts that tell the weird story of oil and energy in 2020 You’ll need to click a confirmation link, so no spam.Ī selection of 9 links for you. You can sign up to receive each day’s Start Up post by email.

CC-licensed photo by Matt Hamm on Flickr. New lockdown, new monitor? We’ve got recommendations for quality monitors to go with your PC or Mac.

Adobe flash flash flash jan.sottek