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insight oil

of vintage magazines and pulled out a copy of Which brings me back to
Ford Times, published in April 1914. the GB40 scenario. It’s a
Ford Times was a house-organ publication that short, 23-year, worldwide
shilled the virtues of owning, not surprisingly, vehicle penetration
a Ford automobile. Back then the rage was the scenario that’s far
now-iconic Model T. faster than Fords and
Chevrolets over horses.
Promotional pull quotes like “Play it safe—buy Note that cities like New
a Ford” or “Less than a two-cent stamp is the York were lead adopters
cost per mile of Ford travel” were splashed of cars over horses. Yet
throughout the 45-page monthly volume. by the time the rest of
My attention was caught by a corny, pencil- the world had adopted
drawn cartoon. A dilapidated stage coach with cars to 90 percent
bent, rickety, wooden wheels is being pulled by penetration, 80 years had Vendor Neutral
a team of two geriatric horses. The somewhat gone by. In other words,
smug caption underneath firmly says, this is “peak horse” took a lot Archive Technology
“What the Ford replaced.” longer in other regions.
Details in the accompanying story inform a GB40 By The Numbers IntriHEALTH® is the leading diagnostics solutions
potential Ford buyer that a 20-horsepower What does the pattern provider in Africa, specialising in the long-term
Model T can beat a stagecoach on any of a GB40 market storage of clinical exam data across all imaging
dimension of utility: Range, speed, durability, penetration look like? platforms.
power, comfort and so on. The contrast wasn’t What do other scenarios
narrow. A Model T was 20 times more powerful look like? What will be
and it could do it all at a much lower cost. Of the influences of things
course, people and coach operators were going like autonomous vehicles, Vendor Neutral Archive
to buy a Ford instead of a horse and buggy! ride sharing, distributed Unifies diverse practice branches on a
What The Tesla Replaced power generation and Vendor Neutral, cross-border platform
so on? And finally, how
Fast forward to today and tomorrow. Will an EV will it all affect future oil Unlimited Storage Space
be 20 times better than an ICE vehicle? demand? Infinitely scalable with unlimited storage
space in our data centres
I’ll take you through the
assumptions and the Fully Compliant
As a Tesla owner, I’m a champion numbers over the course Fully compliant with regulatory
that extols its virtues. I also know of this series. standards
that EVs will get better and cheaper Spoiler Alert: You may be
over time. But will they become surprised to learn that Lossless Compression
100% Lossless compression & secure
multiple times better than an ICE more EV sales do not encryption of diagnostic data
directly equate to less oil
vehicle, on every dimension of usage in transportation.
utility, for every class of vehicle, in Peak oil demand has Disaster Recovery
Guaranteed disaster recovery with
the simple task of taking passengers more to do with how 2 geographically disparate data centres
from A to B? many ICE vehicles
accumulate and remain Reduced Costs
in the global fleet, and Reduced costs with improved operational
less to do with how many efficiency
For example, will the utility contrast between new EVs are brought in.
a Chevy Bolt and a Honda Fit in 2022 be as (Courtesy of oilprice.
dramatic as between a Model T and two nags com)
pulling a wooden carriage? CONTACT US
Peter is an economist,
I’ll leave that question open to debate. But investment strategist, FOR A FREE QUOTE
if the answer has any hint of “no,” then we author and the Executive
can understand why countries are starting to Director of the Arc Energy
ban the ICE. It’s because a significant number Research Institute. +27 11 568 1870 info@intrihealth.com
of car buyers may be reticent to switch to a www.intrihealth.com
new product that might not be sufficiently
differentiated in utility and cost to justify Stay connected with IntriHEALTH
change.

AFRICAN POWER Mining & Oil Review Vol 21, Issue 20, 2017 | 63