2 ms·
The next ~30 years are going to be pretty interesting if EV and Green tech scales down oil requirements.
by gonzo41 5y ago
The next ~30 years are going to be pretty interesting if EV and Green tech scales down oil requirements.
- smegger001 5y agoMy guess is the slack in the oil supply will be taken up by other industries as the reduced demand from transport will leave large supply dropping the price for them. So I expect various chemical, plastic, pharmaceutical, pesticide, and fertilizer companies will use all of that oil.
- beerandt 5y agoYou already can see companies, eg Shell and Exxon investing heavily in their "chemical complex" refineries, and selling off refineries that only process fuel.
- gampleman 5y agoI suspect that many oil rich countries have been anticipating this development and have been heavily investing elsewhere.
- mkhpalm 5y agoI think a bigger concern these days is how Europe gets natural gas (LNG).