Believe it or not! Petrol could be below Rs 30 a litre in 5 years

[ashok321]

Well, actually, its Marine Current Power, that is what he is talking about.

You are confusing between Marine Current and Tidal Power. These are different, just like Lithium is from Wind Solar and Hydel power sources.

Making no headway either as Tidal power.
Neither will.
Tough to employ machinery at seabed.
Expensive.
10 years, practically nothing achieved.
Will die its natural death too.
Inconsequential.

 

[niaz]

Regret to say that this illustration does not show the true picture. In January 2011 exchange rate was USD = IR 44.655 (say 45). Therefore retail selling price of 58.37 was equal to about $1.30. Where in 2016 USD = IR 68, hence 59.03 Rupees means only 87 cents, which is about 16% cheaper.

 

[ashok321]

Regret to say that this illustration does not show the true picture. In January 2011 exchange rate was USD = IR 44.655 (say 45). Therefore retail selling price of 58.37 was equal to about $1.30. Where in 2016 USD = IR 68, hence 59.03 Rupees means only 87 cents, which is about 16% cheaper.

The cost was very high in 2011 compare to 2016.

UPA selling petrol at 59 Rupees. what was their cost that you took into account?
Merely rate of exchange wont break the ice here.

Modi government is buying cheap, selling expensive.
The margin is higher for GOI because it is buying cheaper gasoline due to crude oil hovering from 26-50 USD a barrel for the last 2 years...

2011 = 101 $ per barrel.
2016 = 49 $ per barrel.

Now calculate.

 

[Arsalan]

Making no headway either as Tidal power.
Neither will.
Tough to employ machinery at seabed.
Expensive.
10 years, practically nothing achieved.
Will die its natural death too.
Inconsequential.

Different nonetheless!!
Meaning this;

You don't even know the appropriate term for it, this is called tidal power.

was uncalled for and WRONG on your part.

As for being inconsequential, with 1.1% contribution to worlds power generation, perhaps the same should be said about Solar too, may be even more since there was a lot of hype created about it but have FAILED to deliver so far.

 

[ashok321]

Different nonetheless!!
Meaning this;

was uncalled for and WRONG on your part.

I thought he is talking of Tidal power thats why, since both the technologies involved depend on "waves".



As for being inconsequential, with 1.1% contribution to worlds power generation, perhaps the same should be said about Solar too, may be even more since there was a lot of hype created about it but have FAILED to deliver so far.

I thought he is talking of Tidal power thats why, since both the technologies involved depend on "waves".
Akin to an egg, which comes with white as well as brown.

Now for the solar:

Solar Energy Could Power 13% of the World by 2030 | IRENA newsroom

The SunShot Initiative's 2030 Goal: 3¢ per Kilowatt Hour ... - Energy.gov

Solar Power to Grow Sixfold as Sun Becoming Cheapest Resource ...

A far cry, when comparing solar energy with wave energy.
Solar has made its presence felt in the power industry already/

US Researchers: Lithium metal battery prototype boasts 3 times the capacity of lithium-ions

Lithium batteries may be about to abandon the laws of thermodynamics wef.ch/2rYvcSI

 

[niaz]

All the forecasts are based upon market call by an individual. I am in the petroleum business for the last 50 years and take it from me; most of the predictions turn out to be wrong.

Based upon the data estimated well-head production costs by the country as of 2016 were:

The above chart shows that should the crude oil price fall to $25 per bbl. and stay there for some time; production from the countries where cost of production is higher than $25 per bbl. will cease reducing the availability and pushing the prices back up again.

(Kindly note that different publication show different production cost figures, the above chart is therefore based on estimates only)

 

[Dragon4]

Different nonetheless!!
Meaning this;

was uncalled for and WRONG on your part.

As for being inconsequential, with 1.1% contribution to worlds power generation, perhaps the same should be said about Solar too, may be even more since there was a lot of hype created about it but have FAILED to deliver so far.

You are trying to reason with a guy who compares India's 1 month revenue to Samsung's annual revenue and says India's revenue is lesser than of Samsung's just because he stumbled upon a tweet which says so.
Dont waste time on him, just saying.

 

[Fledgingwings]

Patrol prices in Pakistan are 20% cheaper than Canada, 50% cheaper than EU

Just wait for either molana diesel or haddi wala doctor then reconsider

 

[RoadRunner401]

Just wait for either molana diesel or haddi wala doctor then reconsider

What's the price per litter of Petrol in Pakistan

 

[Incog_nito]

Actually in coming 5 years 25% of the vehicles will be EV and rest will be Hybrid.

 

[ziaulislam]

not going to happen unless there is new source of cheap power found meaning if gas becomes very cheap (extremely unlikley) or fusion technology drives cost way down or may be solar power becomes way cheap though unless its in space you have problems with conitnuing power

energy is moving towards integration meaning it will not matter where power comes from, problem is renewal energy is not reliable apart from the expensive( because of lower tend) nuclear fission, if we do find a renewable reliable energy source, it is only than fossil fuels are going to die but i dont see this happening before 2050, even if we do find a source today. the other link is batteries, although we had no big break through since 1990 but last few years promising technologies are coming up. so main issue will still be to find a source

crude oil is not going to drop below 50$. Saudis wanted to bring it down to 30-40 to kill all other business but their patience gave up, as the produces started to store oil and flood it when needed. world energy requirements are going to atleast double by 2030 once india, pakistan, bangladesh/SARC begin moving into middle income countries(1/3 of world population!) so no oil prices are going to stick high.

only a new reliable and cheap source of energy can save us

 

[Fledgingwings]

What's the price per litter of Petrol in Pakistan

74 rupees per llitre.

 

[Incog_nito]

May be even before. You can expect this in 2020.