Archived Electric Cars Could Wreak Havoc on Oil Markets Within a Decade (youtu.be)
submitted ago by Smokrates
Posted by: Smokrates
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Archived on: 7/5/2017 10:00:00 AM
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Archived Electric Cars Could Wreak Havoc on Oil Markets Within a Decade (youtu.be)
submitted ago by Smokrates
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[–] 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.