alt Hacker NewsHigh oil prices means alternatives are more economical and the transition can happen sooner. Low prices keeps us using oil for longer
High oil prices means alternatives are more economical and the transition can happen sooner. Low prices keeps us using oil for longer
Low prices destroy oil exploration investment, making it harder to establish future extraction as China pumps clean tech exports to the world.
https://ember-energy.org/data/china-cleantech-exports-data-e...
(half a million barrels a day of global oil demand is destroyed every year EVs are produced at the current rate China produces them at)