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Sylvester Bamkole's picture
Manager - R&D Technical Consultant , Leyton UK

BSc(Hons)Geology, MSc Petroleum Geoscience with Exploration and a wealth of international work experience in Africa, Europe and Latin America.Strong technical understanding of multiple facets of...

  • Member since 2020
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  • Oct 19, 2020
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Renewable energy technology isn’t fully developed at scale to provide the power the world needs, and even if it were, oil and natural gas are an important part of the renewable energy supply chain. The energy transition that is currently underway is not about replacing one form of energy with another but rather getting all forms of energy, the entire ecosystem of energy to work together to provide the world with cleaner, reliable, and affordable energy

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Matt Chester's picture
Matt Chester on Oct 19, 2020

 The energy transition that is currently underway is not about replacing one form of energy with another but rather getting all forms of energy, the entire ecosystem of energy to work together to provide the world with cleaner, reliable, and affordable energy

I agree that in the immediate terms the second half of your statement is true and critical-- we're not outright replacing oil & gas in the next 5-10 years no matter what happens-- but long-term, the energy transition certainly is about replacing one form of energy with another. Replacing coal with less carbon-intensive generation; replacing gasoline powered cars with more electrified transport, etc. It won't happen overnight, and those fossil fuels won't be out of a 'job' for quite some time so it is still about using them in the smartest way possible, but by definition is not the energy transition about transitioning from one form of energy (or forms of energy) with another? 

Sylvester Bamkole's picture
Sylvester Bamkole on Oct 22, 2020

I think we both agree across main parts of this argument. However, I think a more apt title should be 'Energy Collaboration', instead of 'Energy Transition'. When you think of energy density and economics of hydrocarbons, I struggle to imagine any future without hydrocarbons for a very long time. Also, to put this into context, this conversation about transition is a very UK/US/China-centric conversation. In developing economies in India and many parts of Africa, access to cheap, reliable, energy dense energy (hydrocarbons) is the fastest route to economic prosperity. In these regions, the concept of Energy transition/collaboration is more of a 'luxury' than a 'necessity'. An energy vector still needs to service these markets. To date, fossil fuels are the best candidate. So, if we are looking at the energy debate as a global conversation, I think it is fair to say, that hydrocarbons still need to play their part! I will be writing an article over the next few weeks on this specific topic. 

Matt Chester's picture
Matt Chester on Oct 22, 2020

In developing economies in India and many parts of Africa, access to cheap, reliable, energy dense energy (hydrocarbons) is the fastest route to economic prosperity. In these regions, the concept of Energy transition/collaboration is more of a 'luxury' than a 'necessity'. 

This is a great point and one I certainly agree with, Sylvester-- cheers!

Sylvester Bamkole's picture
Thank Sylvester for the Post!
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