>And when the oil runs out, just another ISIS. Or when the demand for oil diminishes (holding supply constant) as battery-electric transport becomes widespread

>And when the oil runs out, just another ISIS. Or when the demand for oil diminishes (holding supply constant) as battery-electric transport becomes widespread. Not only are batteries becoming less expensive every year, but the deployment of autonomous vehicle networks (self driving Ubers) will make battery-electric transport more cost competitive by distributing the high fixed cost of the battery between many users.