Quote:
Originally Posted by Wishblade
I personally wish we were completely converted to electric by now, and there's honestly no good reason why we haven't.
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There is one
excellent reason: range. Especially in North America, with our enormous landmass and long road trips. Even a Tesla Model S with the expanded battery, which is about the longest range you'll find on any electric car today, has a hard limit of around 300 miles (~500km) before it needs to charge--and charging it from empty takes 5 hours with Tesla's high-current charger, twice as long or longer from a standard outlet.
Now, it would be shortsighted to call this an insurmountable obstacle; I can envision a system where everyone drives an electric car and every home and hotel parking lot is fitting with high-powered chargers. But even in that situation, you're still looking at being stuck charging for hours at a time if you start to run out of juice.
Electric cars are a good thing, but they will need significant infrastructure investments and improvements in both battery capacity and charge speed in order to become ubiquitous in North America. The question I'm asking myself is which will happen first: those developments, or the introduction of a different alternate fuel, hydrogen for example, that would be as quick to refill as gasoline and therefore offer the same unlimited range?
At any rate, it's a mistake to think of any fossil fuel producer as strictly an 'oil' company. They are energy companies, and energy will
always be in demand. If/when the world weans itself off of oil, I would expect Irving to replace the refinery with some other energy venture, be it alternate fuels or gas or what-have-you. Exactly what sort of impact such a drastic realignment of their business would have is not something I have the knowledge to predict, but there you have it.
As for pulp & paper, while it's true that paper consumption is going to continue to decrease dramatically, it will never disappear. Tissue products, boxes and cartons, wrapping papers, note paper, posters, and lots of other products will still continue to exist even as correspondence, book, and newsprint use wanes. A reduction in demand will obviously see some contraction of the industry, but the industry is not going to disappear.
Many mills worldwide will close, but not all. At this point it's up to Irving to secure its position in the industry and make sure it will be one of the producers that stays open.