No Reduction In Oil Consumption in Norway…But Why?
Robert Rapier is a “somebody” in the world of energy and sustainability, and he writes about the graph here and below:Robert: Morgan Stanley has now noticed something I have mentioned many times. Despite the highest growth rate of electric vehicles (EVs) in the world, Norway’s oil consumption isn’t declining.
Me: How do you explain this phenomenon in Norway? What are they doing with oil that’s not going into cars and trucks?
Robert: Mainly population growth, as well as having a second car that is used for longer trips.
Me: I have all the respect in the world for you, but their population growth since 2010 is 0.0094%, and, unless they’re making radical changes in their driving habits and suddenly making longer trips (inexplicable), something’s amiss here. My guess is that there are so many internal combustion engine vehicles already on the roads that the recent sales of EVs is de minimus in their overall consumption of gasoline.
Robert: Not sure where you got those numbers, but I have seen multiple sources consistent with this, which is three orders of magnitude greater than the number you cited. 2020 population is 11% higher than 2010 population.
Me: Sorry, I meant 0.0094% CAGR, so yes, that ~11%, but it still doesn’t seem like enough. Again, I think we’re looking at a huge installed based of ICE vehicles.
