What After Peak Oil: Oil, Lithium Batteries, Fuel Cells, Or All Of Them?
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
In a blog published more than four-and-a-half years ago, I argued that global oil production may have already peaked (or will do so in a couple of years). I then contended that peak oil, together with global warming, will force most countries to reduce both their demand for oil in response to an ever-diminishing supply and their carbon dioxide emissions to avoid climate change. This will only be possible - I said - through a major transformation in the global automotive industry: the transition to electric propulsion.
After General Motors' (GM) announcement in January and June 2007 to launch by 2010 the first mass-produced plugged-in hybrid cars with lithium-ion batteries, I sustained that all major car producers in the world were engaged in a furious competition for a share of this promising market. In this connection, lithium, a mineral with countless applications in different industrial sectors, may become a key factor for the emergence of a new techno-economic paradigm. Surprisingly, the main thrust of my original argument appeared almost ten months later in a Merrill Lynch report entitled "The Sixth-Revolution: The Coming of Cleantech" authored by Steven Milunovich. READ FULL ARTICLE HERE