Archived Electric Cars Could Wreak Havoc on Oil Markets Within a Decade (youtu.be)
submitted ago by Smokrates
Posted by: Smokrates
Posting time: 3.7 years ago on
Last edit time: never edited.
Archived on: 7/5/2017 10:00:00 AM
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15 upvotes, 1 downvotes (94% upvoted it)
Archived Electric Cars Could Wreak Havoc on Oil Markets Within a Decade (youtu.be)
submitted ago by Smokrates
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[–] 0011011000111001 0 points 5 points 5 points (+5|-0) ago
This is nothing against you OP, but damn am I getting sick of videos becoming the new way to deliver news. I can't always watch videos at work nor do I want to.
Honestly though, there will be a huge demand for oil for some time. Electric cars need less but they still need lubed up.
[–] Smokrates [S] ago
I prefer print too.
[–] Riva ago (edited ago)
The main point of the video is that the oil market doesn't need to collapse for the oil market to be bigly effected. The video (doesn't say bigly) says that you need the electric cars to offset about 2 million barrels per day.
Based on Elons factories capacity going from 25,000 cars/year to 500,000 cars/yr around 2020 the author estimates that tipping point to be roughly 2023. Same oil crisis numbers just the offset is not a glut at refinement, is at the pumps.
[–] tame 0 points 1 point 1 point (+1|-0) ago
That's electric cars alone, though. The combination of cheap oil from oil sands, cheap gas from fracking, and lower oil/gas demand for power generation thanks to massive renewable energy growth, is already doing a number on oil companies. Electric cars aren't a knockout punch, they're just another nail in the coffin.
[–] thrus ago
Also most are charged at night when solar isn't an option to boost the grid.