Just a random musing. As EV’s become more popular, means less gas being used, means potentially lower prices since supply of gas should increase? Or do they just cut production and keep prices the same.
Wondering what will happen in the long term.
Just a random musing. As EV’s become more popular, means less gas being used, means potentially lower prices since supply of gas should increase? Or do they just cut production and keep prices the same.
Wondering what will happen in the long term.
Yes, simply because especially in the US, the world’s #1 crude oil supplier, fossil fuel companies are building out new oil like there’s no tomorrow. A glut of supply combined with diminishing demand is a recipe for lower prices.
Solution: a carbon fee-and-dividend system to bring oil’s price back up where it rightfully belongs