Electric Cars Could Be Oil Market Killer Inside 10 Years
Oil was once something that was literally pushing out of the ground in the southern United States. Thinking that this new fuel source would last forever, humanity abandoned the electric technology we were developing and based all of our industry on running on dinosaurs and old forests. Yeah, it was smart at the time, but now we’re finally seeing blow back from doing so. Climate Change is happening because of the burning fossil fuels, wars have escalated over oil, and environmental disasters have been caused by it. Where we once drank the oil that flowed from the ground, we now have to drill into the deep ocean depths for it.
Many innovators have gone back to the electric ideas of old because they know that the oil is running out. Companies are searching for alternative energy sources and are slowly weaning themselves off our the old fuel. One big killer is looking to be the electric car. The more cars that roll onto the road that don’t need gasoline, the more they will eat into the profits of big oil. You can see big oil countries trying to change their ways because the western countries are starting to look away. Saudi Arabia is starting to give women some more human rights to show that they’re trying to change because practically the entire country works for oil.
The video below goes over how the electric car could wreak havoc on oil markets within the next 10 years. There’s only so many times the oil companies can overproduce to temporarily drop prices at the pump before we all grow wise to the game.
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Jeff Sorensen is an author, writer and occasional comedian living in Detroit, Michigan. You can look for more of his work on The Huffington Post, UPROXX, BGR and by just looking up his name.
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