Archived In 2020 Oil-Exporters' Income Will Plunge By Over $1 Trillion, Forcing Widespread Stock Liquidations (zerohedge.com)
submitted ago by io-io
Posted by: io-io
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Archived on: 7/25/2020 10:00:00 AM
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Archived In 2020 Oil-Exporters' Income Will Plunge By Over $1 Trillion, Forcing Widespread Stock Liquidations (zerohedge.com)
submitted ago by io-io
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[–] io-io [S] 0 points 1 point 1 point (+1|-0) ago (edited ago)
It all depends on the energy density. Right now petro based energy products have a fairly large edge on batteries. Gasoline thus has about 100 times the energy density of a lithium-ion battery. This difference in energy density is partially mitigated by the very high efficiency of an electric motor in converting energy stored in the battery to making the car move: it is typically 60-80 percent efficient.