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They moved oil prices a few percent. If they managed to move it much more, the US and other non OPEC countries are going to increase production, because more re
by yessql 10y ago
They moved oil prices a few percent. If they managed to move it much more, the US and other non OPEC countries are going to increase production, because more resources become economical.
On top of that, we now have a wide range of viable plug-in cars. If oil were to get up to $100/barrel again, lots of people would switch to a car that can cover 90%+ of their driving on electricity. $4/gallon gas really hurt our SUV market, but now we can make it a 20 kWh hybrid and avoid the pain at the pump.