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[–] 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.

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[–] tame 0 points 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.