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Cars are hardly the only driver for fossil fuels. Why oil price is crashing is simply variance in the greater scheme of things. Not some death knell to it, not
by icelancer 7y ago
Cars are hardly the only driver for fossil fuels.
Why oil price is crashing is simply variance in the greater scheme of things. Not some death knell to it, not in 2020. Industry will take far far longer to convert to electrical/alternative methods of energy.
Though I'll concede that oilsands/hydraulic fracking dealt a serious blow to oil prices worldwide.
- colechristensen 7y agoIndustry is electric by wide margins. Batteries are cheaper than electric peak plants. Solar and wind are cheaper than coal and still benefiting from economies of scale and technology development. Getting energy from the sun and wind is already cheaper than some fossil fuel sources. Conversion will accelerate as that gap widens.