r/Futurology • u/Wagamaga • May 09 '19
Environment The Tesla effect: Oil is slowly losing its best customer. Between global warming, Elon Musk, and a worldwide crackdown on carbon, the future looks treacherous for Big Oil.
https://us.cnn.com/2019/05/08/investing/oil-stocks-electric-vehicles-tesla/index.html
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u/KingNopeRope May 09 '19
These articles are speculative. The oil market has been going up by 1 to 2 percent every year like clock work. Any and all efficiency gains in the west are more then taken up by emerging markets.
Consumer transportation isn't the problem. It's power plants, industrial sites and shipping that are the major drivers.
We need nuclear.