I see solar replacing oil for fuel, and much sooner than later!
Solar is one of the most energy dense alternate energy sources, roughly 2.8 acres per Gwh.
The main problem is the density and duty cycle still do not match the on demand needs.
Audi/Sunfire and the Naval research labs have been working on power to fuel projects, and have working prototypes in place.
http://www.audi.com/corporate/en/co...ity/product/synthetic-fuels-Audi-e-fuels.html
https://www.nrl.navy.mil/media/news-releases/2016/NRL-Seawater-Carbon-Capture-Process-Receives-US-Patent
The ability to store and accumulate solar power in the form of liquid hydrocarbon fuel,
changes the energy landscape.
When a refinery can make their own feedstock from water, CO2, and electricity, for less than cost of refining oil,
they will do so, because that will be the path of higher profits.
For a given region solar will have large seasonal surpluses.
Spring and Fall in the South, has low demand for air conditioning or heat, so a wide solar distribution
would make lots of surplus electricity. Without a demand, all those unused Mwh could damage the grid.
The old oil refineries could act like an unlimited dump load, storing all the surpluses as liquid fuels.
Audi says their process is 70% efficient, so to store the 33 Kwh in a gallon of gasoline would require
roughly 50 Kwh of electricity. Wholesale electricity can be had for $.05 per Kwh, so $2.50 per gallon,
A barrel of oil yields about 35 gallons of fuel product, so 35 X $2.50 =$87.50 per barrel for the cost of what the refinery
brings into the plant.
I have not worked in the oil business for several decades, but the oil business has a long history of cutting edge research.
I would not be surprised, if the oil companies had their own better processes.