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Topic: Are electric cars bad for the oil industry? - page 3. (Read 23584 times)

member
Activity: 179
Merit: 10
 Smiley     In oil industries need to know all the work with a finite resources however the prices are fluctuate wildly but the long term is trend upward it's just whether all current system that run on oil can be converted for other power source it will not be long after it runs out .the oil will be fine for a while it is a glut right now but that can be lighter right up to any days and the electric earns at this moment that aren't a problem for the oil industry.this oil industry needs to have a lot of good years .cars needed at least 9 to 10 years need a lot of development on batteries and changing stations ...
sr. member
Activity: 2366
Merit: 448
SOL.BIOKRIPT.COM
Electric cars and fuel cars are much different, especially environmentally friendly electric cars do not cause pollution and we also have to think about cars that use fuel oil that has been purchased. and there will be other problems, such as fuel oil workers, such as fuel suppliers there will be a decrease in income and will endanger workers and over time there will be a reduction in manpower and it will hurt many parties. should think further before changing it so that no one feels harmed
hero member
Activity: 1134
Merit: 500
In the car i dustry it is a question if marketing, both polute the envirement, they are not cheap so it is a question of loby and it looks like house with electric cars make a nether lobby then the others.
newbie
Activity: 210
Merit: 0
yes because they are  violating the income of oil industry.For it is not good for the reason that they can affect the environment and violate the rules of government.

Yes. I think there would be a big impact on the oil industry if the people or the government upgrade to electric vehicles. It would decrease the profit earned and sales by the oil companies. In my country, there are four giant oil companies that control the oil prices. If there is an oil price hike, everything also increases. So in that sense, it would help the people because if the oil companies will decrease their oil prices, the price of the daily necessities like food and transportation of the people will also decrease.
newbie
Activity: 33
Merit: 0
yes because they are  violating the income of oil industry.For it is not good for the reason that they can affect the environment and violate the rules of government.
hero member
Activity: 798
Merit: 500
★YoBit.Net★ 350+ Coins Exchange & Dice
I think yes, it was really bad. If the whole world using electric car then the sale of oil will decline and oil industry wil reduce. But don't worry cause many of industry still need oil.

Cars are not the only machine that consume fuels. Generators, and power plants are also using them. Though even with those other machines using fuel, fuel consumption would still decline.

It is also possible that price will start to drop since there will be smaller demand. Besides, it is also good for the environment.
jr. member
Activity: 210
Merit: 3
First of all, human civilization is directly proportional to energy consumption, especially in our past history. In the coming decades, global energy consumption will only increase. Indeed, the recent decline in oil consumption has contributed far more to the decline in demand for oil than for electric vehicles.
member
Activity: 210
Merit: 10
Of course it is bad for the oil industry. I mean that is the main target of oil industries, isn't that correct? So, if they won't have any customers left then it would put their financial state in a critical condition. On the other hand, it is quite nice for the environment to be free from air and water pollution that is caused by oil.
jr. member
Activity: 111
Merit: 1
Title.

So. Electric cars are gaining in popularity, therefore the popularity of gasoline will be going down. Won't the price go down, leaving the oil industry in trouble?
The consumption of oil in the market will surely drops down if all gasoline cars are converted to electricity. This is a good movement to conserve our mother earth.
newbie
Activity: 184
Merit: 0
I do not like using materials that use petroleum, gas because it is very polluted. Instead, I prefer to use more electricity to help clean the green environment and human life closer to nature.
member
Activity: 398
Merit: 10
Title.

So. Electric cars are gaining in popularity, therefore the popularity of gasoline will be going down. Won't the price go down, leaving the oil industry in trouble?
Exactly. Gas exploration is becoming increasingly scarce, it's a big industry and the capitalists certainly want to keep it. Fossil fuels will soon be exhausted, and people will soon find alternative fuels. In order to feed its industry, the capitalists certainly will not reduce gasoline prices.
newbie
Activity: 46
Merit: 0
I think yes, it was really bad. If the whole world using electric car then the sale of oil will decline and oil industry wil reduce. But don't worry cause many of industry still need oil.
newbie
Activity: 24
Merit: 0
Electric  cars is a  threat to  oil company, that's why  the government  did not give full support and they never help to endorse it in the market because if many people will use electric cars sales of oil companies will get affected.
member
Activity: 238
Merit: 11
At the moment, no.
There are a very minimum number of electric cars - considering their prices as well compared to oil dependent cars. They are more like prototypes and still need improvements because of many limitations and incapacities which more likely viewed by people as disadvantage.
But if it has improved in like decades, yes it will.
It is for the best though, they are more eco-friendly.
hero member
Activity: 611
Merit: 500
Of course they are bad for the oil industry. Way more enjoyable to drive tho, I've driven one and its super silent.
member
Activity: 196
Merit: 10
I think, of course, that electric cars can not harm the oil industry in any way. Oil stocks in the world are rapidly depleting and oil is being used in many areas. I think electric cars will relieve the oil industry.
hero member
Activity: 1316
Merit: 502
Title.

So. Electric cars are gaining in popularity, therefore the popularity of gasoline will be going down. Won't the price go down, leaving the oil industry in trouble?

Yes, Electric car is a threat to oil industry but in small percentage. Eventhough electric car is getting popular but the other transportations still using gasoline. For example, there's still no electric airplane and ship especially electric cargo ship. They are still rely on gasoline as fuel. I think the real biggest problem with oil industry is oil has limited availability and won't last forever. I hope there will be electric airplane and ship in the future.
Although electric cars do not have too much harm to the environment, that's fine but it still has too many disadvantages and limitations, that makes it impossible to have too much influence on the oil industry. The cost of production is too expensive and the time to maintain the operation of an electric car is too low, and electric cars is difficult to achieve high speed, it makes electric cars not a favorite product on the market, maybe this will change in the future but it will take a very long time for modern technologies to grow
jr. member
Activity: 69
Merit: 2
Hello to all! You all might laugh at this, but hey, that’s positive! Wink haha To the topic at hand...In my opinion, gas/petrol/oil vehicles are bad for the oil industry in itself. Why? Simple. It’s fossil fuel they run on! It’s running out fast with so many of us using it daily all around the world and its not renewing itself while its being depleted. Its finite so yes its valuable(the fuel itself) but it isn’t getting any cheaper and probably won’t ever since similar demand on something more and more scarce just increases cost for us consumers. Its a finite game these people owning oil are playing here and can only be good for so long. Electric vehicles will be NEEDED at some point, this being a question of when for sure. If they arent needed because fuel is still around and what i said does not occur soon enough for whatever reason they will be WANTED so...I believe one way or another electric cars short term and/or long term are a definite win for society/industry and our mother nature :3

Bad for the oil industry? Hmmmm...partially, but GREAT for our future.
newbie
Activity: 130
Merit: 0
I think yes these things bad for the oil industry because if electric cars has already mass produced and it can reduce the greenhouse effect. But in my opinion oil industry can still exists for power oil plant, aviation, etc.
full member
Activity: 420
Merit: 100
I think the owners of big oil companies are getting much more from us and they are always manipulating the price to anything they want so it's just better for electric cars to get in the scene.
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