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The future of oil prices may depend on China
- toomuchtodo 5mo agoRelevant fact: > Meanwhile, China’s electric vehicle boom has offset the country’s need for fossil fuels. About one out of every two new passenger cars sold in China now is a new energy vehicle. According to International Energy Agency estimates, China’s EV fleet reduced oil consumption by about 1 million barrels per day last year. New Energy Vehicle = NEV = Battery electric and hybrids Related: China’s EV Price War Was Brutal, But It Drove Innovation - https://cleantechnica.com/2026/06/19/yup-chinas-ev-price-war-was-brutal-but-it-drove-innovation/ https://cleantechnica.com/2026/06/19/yup-chinas-ev-price-war... - June 22nd, 2026 The Mystery of China’s Oil Demand Drop Is No Mystery - https://www.bloomberg.com/opinion/articles/2026-06-18/china-s-oil-demand-drop-is-no-mystery https://www.bloomberg.com/opinion/articles/2026-06-18/china-... - June 18th, 2026 The Big ICE Meltdown — May’s China EV Sales Report - https://cleantechnica.com/2026/06/13/the-big-ice-meltdown-mays-china-ev-sales-report/ https://cleantechnica.com/2026/06/13/the-big-ice-meltdown-ma... - June 13th, 2026
- thelastgallon 5mo agoDemand destruction is the only weapon we have against oil/fossil fuel billionaires and SWFs that buy everything on the planet and extract rents. Demand destruction has a 10x multiplier: https://news.ycombinator.com/item?id=48475019 https://news.ycombinator.com/item?id=48475019 Oil should've been as cheap as salt with technological advancements, but it isn't because of monopolies, destruction of supply (OPEC) and many other creative things. Book - Turning Oil Into Salt: Energy Independence Through Fuel Choice