- Is ride-hailing good for the green house gas emissions?
- “The answer from several recent studies is straightforward: after accounting for people who would have taken public transport, biked or walked instead, and those who would not have traveled at all, there’s a substantial net increase in estimated vehicle miles traveled and emissions from ride-sharing, possibly as large as 60%-80% compared to a world with no ride-sharing at all”
- Charts tell this story – (clockwise) a surge in ride-hailing in the US including NYC coupled with increased emissions per trip and miles travelled compared to the category they replace.
- Sourced from this great note on Energy market outlook.
Energy
Energy vs. Tech
- Energy relative to Tech has not seen these levels since Pearl Harbour.
Electric Cars
- Interesting piece from FTAlphaville on the carbon impact of electric vehicles.
- First a staggering chart from VW – because battery production is so energy intensive it takes their new e-Golf 120,000 km of driving to breakeven in terms of carbon emissions vs. a diesel Golf.
- This does depend on where the electricity used to charge comes from (VW address this) and ignores other gas emissions.
- Some analysts suggest that because battery technology is yet to improve the best impact on CO2 emissions is to drive a hybrid.
- Food for thought.
US Shale
- Schlumberger’s Chairman, who sees everything in the oil patch, is predicting more deals in the US shale space as growth slows.
- “What is likely to happen over the next 5 to 10 years is that some of the smaller companies will get consolidated… get gobbled up by the majors,” Papa said.
Oil Discoveries
- Oil discoveries in 2019 were at a four-year high (Rystad Energy).
- There were 26 discoveries of more than 100 million barrels of oil equivalent (boe).
- Exxon (XOM) was explorer of the year for a second year adding 1bn boe driven by discoveries in Guyana.
