Primary reason I don’t understand the call for “drill baby drill”. We’ll end up with oil and needing to sell it for much cheaper than anticipated because the demand is low.
Ya I always hate when people say, “We’ll always need oil!”. I mean, maybe ya, but for every time we convert a car, or power plant, to electricity, or stop producing some plastic product, that reduces the overall demand. It’s a good thing!
Big manufacturing stands to benefit from this too.
Lubrication and grease is a big fucking industry. Everyone needs it, from automobiles to machines binding beds together to bridges and, hell, everything, EV’s even. The cheaper oil is, the cheaper that gets, and I know I’d love to walk away from a $35 oil change.
Primary reason I don’t understand the call for “drill baby drill”. We’ll end up with oil and needing to sell it for much cheaper than anticipated because the demand is low.
Ya I always hate when people say, “We’ll always need oil!”. I mean, maybe ya, but for every time we convert a car, or power plant, to electricity, or stop producing some plastic product, that reduces the overall demand. It’s a good thing!
As long as you have a cartel OPEC controlling the price you won’t end up like that.
Big manufacturing stands to benefit from this too.
Lubrication and grease is a big fucking industry. Everyone needs it, from automobiles to machines binding beds together to bridges and, hell, everything, EV’s even. The cheaper oil is, the cheaper that gets, and I know I’d love to walk away from a $35 oil change.