Episode 87 - Brookline bans NG | Global oil demand growth | Tesla truck | Lord Gregory Barker - a podcast by Ryan Ray & Ellen Wald

Aramco IPO update - its an all Saudi show now.
China update - IMO 2020? No one was interested in discussing it. Iranian oil sanctions? consider the US only sanctions illegitimate. “Democracy does not equal efficiency.”

Brookline bans natural gas, heating oil pipes for new buildings: ‘Gas is the past’
https://www.bostonherald.com/2019/11/21/brookline-bans-natural-gas-heating-oil-pipes-for-new-buildings-gas-is-the-past/
- after all the trouble the northeast had getting enough natural gas to to heat homes in the winter, now Brookline (as suburb of Boston) won’t allow new natural gas lines to new apartment buildings. This means all heating will have to be electric, which is less efficient.

Growth in global oil demand more than doubled in the third quarter, IEA reveals
https://www.cnbc.com/2019/11/15/iea-growth-in-global-oil-demand-more-than-doubled-in-the-third-quarter.html
- China largest contributor with demand increasing 640,000 bpd year on year
- OPEC crude production down. Probably due to Iran
- Chinese claim their middle class is 400 million people (larger than population of U.S.) 900 in poverty class.

Tesla reveals Cybertruck, but breaks its 'unbreakable' windows during unveiling
https://www.cnn.com/2019/11/22/cars/tesla-cybertruck-electric-pickup-truck/index.html
- Will any pickup driver actually buy this? Looks like a delorean?
- 500 miles is NOT nearly enough for pickup truck drivers
- cultural aspect as well - does Tesla understand the culture of truck drivers?

Lord Barker of Battle - former UK Climate Change Minister
- David Cameron created him a “life peer” not inherited. Just for life. Sits in upper house of British Parliament. Not a full time occupation. Much less partisan.
- Battle is an ancient town in the UK named after Battle of Hastings (from 1066).
- UK under both Labour and Conservative party has been at the forefront of fighting man made climate change. Climate Change Act committed UK to reducing carbon emissions by 80% from 1990s levels.
- Created Green Investment Bank. Massive strides in UK in deploying renewables. World’s largest offshore wind resource. Large onshore wind resource. A million people with solar panels on roofs. Wave and tidal energy. Phased out coal almost entirely now.
- As a result have dramatically reduced UK carbon emissions. Carbon emissions down 45%. Mostly due to phasing out coal and increasing use of natural gas as baseboard replacement for coal.
- He considers bans on fossil fuel cars as an important component of the switch.
- Partner of electric vehicle charging station company
- Heating is a big issue in England. Easier to insulate properties efficiently in cities but difficulties with rural areas.
- Prince Charles real visionary in climate change activism and also in advocating for innovations.
- North Sea - will continue to me an energy supplier to UK economy. Historically has meant oil and gas and there is still a significant amount of oil and gas there that they government is intent on extracting despite wanting to decarbonize by 2050. If don’t take it from North Sea it will come from Saudi Arabia or elsewhere. Better to take it from close to home. As extraction rate begins to decline, powering up offshore wind.
- Supports Chelsea. Find him on twitter @GregBarkerUK

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