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Crude oil won't disappear off the market if and when people start driving around using other energy sources. The demand will go down a bit which will lead to fe
by the_third_wave 2y ago
Crude oil won't disappear off the market if and when people start driving around using other energy sources. The demand will go down a bit which will lead to fewer new exploration efforts but crude oil and natural gas will still be used as an energy source for shipping, transport, aerospace and some power generation as well as in industry. The latter will probably be the last to go, if ever. The market for crude oil will shrink but it will be a very long time (if ever) before it closes up entirely.