Stranded asset risks remain rather high. But, altogether a great exchange of views. Would love to see more top minds in this type of format. I would like to add the notion of 'timeline dissonance'. Although petro companies think in terms of long timeframes, for financial reasons; consumers or institutions may think in terms of discreet life cycles, per machine or system, that would seem to be far shorter. Cars, furnaces, buses, what have you, last only so many years, or need to be well considered during replacement, repair, or upgrades. Another timeline theory could be based on what costs less for the consumer (quality substitution), or even one based on what would be considered fashionable/marketable (induced popularity). Would these all mesh, conveniently for the long-term prospectus of any particular firm?
Good point on the consumer timeline. And I think that’s why the companies will tend to think of consumers in aggregate rather than individually even as they recognize that the individuals do make up the aggregate. I hope that mates sense
@@armijinyawa Besides timeline analysis, there are plenty of alternative approaches. One of those views would include the universal audit approach, looking at the entire population of ICE units globally, currently over 1B. How would these units, covering any size or BTU output, upgrade, be repaired, or be reconsidered when replacement times inevitably arrive? Another case would be the miniaturization trends of energy, in terms of use, or generation. For instance, over 1B smartphones are produced in any year, more than the entire ICE unit population, combined. Understanding the underlying phenomena in play, would be essential. Miniaturization of power could be exemplified by Enapter's strategy, microgrids, parking lot solar canopy, et cetera. There may be plenty to talk about. However, time may be fleeting.
So the ceo of the shell oil co says they're transitioning into renewable energy and away from petroleum products. So what does that mean for all the employees in the company that work in the terminals
