Petrol Price crisis......

[Maka]

Originally Posted by johntolhurst

The price of solar power, also LiIon batteries is falling continually, and that will power most of the road's vehicles in, oh, about 6 years. There will be a glut of oil on the market, prices will crash, and only the easiest of reservers will be economic to pump.

You can put up a solar farm and a huge battery in 100 days. You could have as much storage as snowy mountain revisited all sorted out in 300 days. Or, in 1000 days, you could get the design and permits and political solutions in place for extracting and processing oil, at an economic loss. And another 1000 days to build it, if you're lucky. If people want to waste their dollars that way, fine. I'll keep my powder dry and grab an EV in about 5 years, which will cost far less per km and yet outperform almost any ICE vehicle. Its written on the walls.

Why not have a portfolio of diverse energy options, if the ev revolution is the real deal & it drops the price of oil, thats a good thing for industry & the private consumer
of petrol etc imo.

Another thing too, I'm against the corparatisation of private vehicle ownership, just in case the debate comes up in the future..(i know off topic a bit lol).

cheers, Maka