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How much oil demand is elastic though? Over 10 years people can buy less gas cars and more electric cars. But over a month, the car in your garage is either ga
by brianwawok 7y ago
How much oil demand is elastic though?
Over 10 years people can buy less gas cars and more electric cars. But over a month, the car in your garage is either gas or electric. Not that many individual things that can do both. Maybe some power plants, where say neither coal nor oil generators are at 100% capacity...