Post
Topic
Board Economics
Re: Are electric cars bad for the oil industry?
by
jaysabi
on 22/12/2017, 15:23:38 UTC
Cars that are run by electricity were discovered a long time ago and was just sabotaged by this oil owners and even water can be used to run cars so they know that it will affect oil industry if this will continue and I know that they are still doing their wicked schemes secretly.
I will completely disagree with your point, and I have my reasons for that. First thing I want to say is that water has no such power to make a car run because it is against the basic rule of law of conservation of energy. Secondly the oil industry has no threat because of electric cars because the same oil will be used to make sufficient electricity to charge these cars. So oil industry has a win win situation in any of the scenario.

Oil will not play a large part of energy generation for electric cars. As it is right now, oil hardly generates any electricity in the US; only 0.6% of all generation. 34% comes from natural gas, another 30% from coal, 20% from nuclear, and 15% from renewables. Oil is not a factor for electricity generation, and will not become one. The fastest growing segment is solar. When cars go electric, oil will lose a very large consumption factor and there will be nothing to replace it.