Ratheesh Pisharody writes: A classic method of avoiding personal sacrifice is to explore “alternatives”. The individual thought behind this is simple. “Can I keep sitting on my privileges by pretending to make a dramatic change with sufficient optics and industry backing, but with no personal cost/effort?”. And the pop-icon of “alternatives” is the electric car.
From The Wall Street Journal: While most big oil companies foresee a day when the world will need less crude, timing peak oil demand has proven controversial. Most Big European producers predict that a peak could emerge as soon as 2025 or 2030, and are overhauling long-term investment plans to diversify away from crude oil.
Prem Shankar Jha in The Wire: When nearly 350 million vehicles have to be charged every day, not only will an entire nation-wide, and therefore expensive, recharging infrastructure have to be built, but the power these vehicles will consume will have to be generated first. Nearly all of this will have to come from coal.
From Deccan Herald: There’s a great deal of disagreement between those who predict the end of oil era and those who believe in the need to look for more oil reserves. Since India’s ready to invest a huge amount in transforming its economy, there’s an urgent need to find out which scenario will pan out.