Serious What will happen to Sinkie Crude Oil Industry?

[Pinkieslut]

 

[knnccb]

going electric anyway dont need oil

 

[Eisenhut]

going electric anyway dont need oil

So where the electricity for battery coming from?

 

[Loofydralb]

So where the electricity for battery coming from?

Malaysia and the rest of ASEAN countries. They have abundant land for solar power, highlands for wind, rivers for hydro, and oil from the ground.

Sinkies will end up paying thru the nose to live in Sg.

 

[laksaboy]

I've said turn Jurong Island into another casino resort island, but nobody seems to be listening.

Due to future geopolitical considerations, oil refining will be done closer to the source where the oil is extracted. No one will want to risk sending crude oil all the way to Sinkieland.

 

[tanwahtiu]

Solar power nèed batteries to store charges. Useless. Batteries need replacement every few years cost more money to buy.

Lumpar parlum.

some Harvard financial graduates hv cleverer ideas that sell yr resources to the market, garment make money.

then garment buy from the market sell to their people garment also make money.

both ways garment make money and keep their salaries high CEO pays.

Malaysia and the rest of ASEAN countries. They have abundant land for solar power, highlands for wind, rivers for hydro, and oil from the ground.

Sinkies will end up paying thru the nose to live in Sg.

 

[Loofydralb]

Solar power nèed batteries to store charges. Useless. Batteries need replacement every few years cost more money to buy.

Guess who will be paying for all that? Yup. Singaporeans.

Also Pulau Bukom needs to go. It's an eyesore from the future proposed development from tanjong pagar to pasir panjang.
Anyway the refinery there is losing money by the boatloads.
It's a better island as resort destination than jurong island.

 

[batman1]

Oil Refinery Hub kaput.

 

[syed putra]

Cannot be. Use of carbon based fuel is still on upward trend. Otherwise petronas eould not have invested billions on a new refinery in JB.
Europe, japan may see a decline as due to regulations banning internal fuel combustion engine by 2030 dud, but we still have india, China, infonesia.

 

[gingerlyn]

Demand of oil is decreasing but government needs to maintain tax revenue of oil so government will impose higher tax on oil. Simple

 

[Loofydralb]

Cannot be. Use of carbon based fuel is still on upward trend. Otherwise petronas eould not have invested billions on a new refinery in JB.
Europe, japan may see a decline as due to regulations banning internal fuel combustion engine by 2030 dud, but we still have india, China, infonesia.

The problem is that there are too many refineries with too much processing capacities. Looking ahead as less crude is used for fuel but instead used as raw materials for our everything else, some of these refineries that are geared to produce fuels will have to shut. To reconfigure it to produce materials like all sorts of plastics takes a huuuggee investment. Thus some refineries in SG will have to go. Those that are perennially losing money and whose incompetent management doesn't know how to reduce costs will go first.