Are electric cars bad for the oil industry? - page 35.

Mauser

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Quote from: phreaky on July 05, 2016, 09:29:04 AM

Quote from: Decoded on March 21, 2016, 04:13:13 PM

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?

Yeah they are going to be more popular in the future so in the future it is going to hurt the oil industry and that is just a fact.
Oil is still going to be sold but not as much as it used to be, I think that over 20 years we are going to see it.

The price for oil and gas is not really dropping due to the decrease in demand but due to the increase of supply. The biggest factor being USA with their fracking turned from importing country to an exporting country. Also Iran Is allowed to sell oil again. The world won't change as long as the oil and gas is cheap.

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Quote from: RastoMan on July 01, 2016, 08:25:20 AM

In the future, the oils will be mainly used in petrochemicals. There is constant demand for the oil in the future.

Yes that is true, even cars are going to be run by electricity. Oil is always in demand in other things.
And for sure it will not cause the oil industry to shut down.
But it will have a very bad effect for oil industry.

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Quote from: Decoded on March 21, 2016, 04:13:13 PM

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?

Yeah they are going to be more popular in the future so in the future it is going to hurt the oil industry and that is just a fact.
Oil is still going to be sold but not as much as it used to be, I think that over 20 years we are going to see it.

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Quote from: Dwelach on June 29, 2016, 09:53:56 AM

Off course are electric cars bad for the oil industry but they will only feel it if we all are going to buy an electric car and i dont see that happen inm a couple of years so
Dont be afraid that the oil industry will collapse this times because he wont.

They are bad but its also depending on what kind of cars, factors will always need oil as a example and these cars also use oil as a example for the brakes.
So I think it will never be a very big problem, it will be less more but stil needed.

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In the future, the oils will be mainly used in petrochemicals. There is constant demand for the oil in the future.

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Quote from: BitcoinPaw on June 30, 2016, 08:23:12 AM

Sure that electic cars have impact on oil industry but without statistic we can't say how huge this impact is, at my opinion it's minor, because elecric cars still not so popular.

I believe that the electric cars will have huge negative impact on the oil industry. We don't not require the statistics to confirm that. The oil industry is part of the elite global group and always discourages the invention of electric cars.

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Quote from: Ziskinberg on July 01, 2016, 03:07:41 AM

Quote from: BitcoinPaw on June 30, 2016, 08:23:12 AM

Sure that electic cars have impact on oil industry but without statistic we can't say how huge this impact is, at my opinion it's minor, because elecric cars still not so popular.

We don't need to have an statistics because the is very simple and easy to analyze, imagine how many car owners in the world that would adopt to electric cars, that would be a huge loss for the oil industry.

you're absolutely right, maybe the oil industry will be a very big loss with if electric cars are already starting to be used throughout the country. I guess 70% of their income will be reduced

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Quote from: Ziskinberg on July 01, 2016, 03:07:41 AM

Quote from: BitcoinPaw on June 30, 2016, 08:23:12 AM

Sure that electic cars have impact on oil industry but without statistic we can't say how huge this impact is, at my opinion it's minor, because elecric cars still not so popular.

We don't need to have an statistics because the is very simple and easy to analyze, imagine how many car owners in the world that would adopt to electric cars, that would be a huge loss for the oil industry.

Definitely we don't have to have statistics for this kind of matter for oil industry. As we all know that cars are the most consumer of oil in the world.
So it will really have a bad impact for the oil industry if the cars will be changed into electric cars.

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Quote from: BitcoinPaw on June 30, 2016, 08:23:12 AM

Sure that electic cars have impact on oil industry but without statistic we can't say how huge this impact is, at my opinion it's minor, because elecric cars still not so popular.

We don't need to have an statistics because the is very simple and easy to analyze, imagine how many car owners in the world that would adopt to electric cars, that would be a huge loss for the oil industry.

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Sure that electic cars have impact on oil industry but without statistic we can't say how huge this impact is, at my opinion it's minor, because elecric cars still not so popular.

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Quote from: bitlancr on June 30, 2016, 04:26:43 AM

Quote from: MaritiJames3 on June 30, 2016, 03:34:32 AM

Quote from: Raimonn on March 21, 2016, 06:09:25 PM

I like electric cars, but at this moment, they aren't a problem for oil industry. Oil industry needs will have some more good years. Electric cars need at least 10 years, need more development on batteries, and charging stations.

I also do not think that at the moment it is really a problem for the oil industry but this is going to change a bit in the future when more people are going to get in to electric car and vehicles in general.
Oil is however going to be needed because not only cars make use of oil also machine for the industry needs oil. So oil is going to be sold no matter what.

Yeah it is going to be bad for the oil industry in the long run because I believe that in the future more people are going to step over to the electric vehicles.
And that makes sense because in the long run they are going to save allot more money then now.

Definitely that is a threat for the oil industry. Even though oil is not just used for the cars as well with different appliances , machinery and other types of mechanical things.
But still it would be a big loss for the oil industry if electric cars will dominate in the vehicle industry.

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Quote from: MaritiJames3 on June 30, 2016, 03:34:32 AM

Quote from: Raimonn on March 21, 2016, 06:09:25 PM

I like electric cars, but at this moment, they aren't a problem for oil industry. Oil industry needs will have some more good years. Electric cars need at least 10 years, need more development on batteries, and charging stations.

I also do not think that at the moment it is really a problem for the oil industry but this is going to change a bit in the future when more people are going to get in to electric car and vehicles in general.
Oil is however going to be needed because not only cars make use of oil also machine for the industry needs oil. So oil is going to be sold no matter what.

Yeah it is going to be bad for the oil industry in the long run because I believe that in the future more people are going to step over to the electric vehicles.
And that makes sense because in the long run they are going to save allot more money then now.

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Quote from: Raimonn on March 21, 2016, 06:09:25 PM

I like electric cars, but at this moment, they aren't a problem for oil industry. Oil industry needs will have some more good years. Electric cars need at least 10 years, need more development on batteries, and charging stations.

I also do not think that at the moment it is really a problem for the oil industry but this is going to change a bit in the future when more people are going to get in to electric car and vehicles in general.
Oil is however going to be needed because not only cars make use of oil also machine for the industry needs oil. So oil is going to be sold no matter what.

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Quote from: quentincole32 on June 30, 2016, 03:11:24 AM

Quote from: Dwelach on June 29, 2016, 09:53:56 AM

Off course are electric cars bad for the oil industry but they will only feel it if we all are going to buy an electric car and i dont see that happen inm a couple of years so
Dont be afraid that the oil industry will collapse this times because he wont.

how can you so sure that electric car will bad for oil industry?dont you think that oil not just used as fuel?its why i thin electric car will not kill oil industry market,its jut make they make more great inovation for car.

Oil used for products other than combustible will not be a problem if the cars stopped using gas. There would still be plenty of available oil fields and most of their (even reduced) production is more than enough for asphalt/plastic and so on.

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Quote from: Dwelach on June 29, 2016, 09:53:56 AM

Off course are electric cars bad for the oil industry but they will only feel it if we all are going to buy an electric car and i dont see that happen inm a couple of years so
Dont be afraid that the oil industry will collapse this times because he wont.

how can you so sure that electric car will bad for oil industry?dont you think that oil not just used as fuel?its why i thin electric car will not kill oil industry market,its jut make they make more great inovation for car.

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Quote from: Yakamoto on June 29, 2016, 11:05:52 AM

Quote from: Woshib on June 29, 2016, 10:59:11 AM

Quote from: Decoded on March 21, 2016, 04:13:13 PM

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?

Electric cars will surely affect the Oil industry, because there will be fewer cars that burn fuel, and less demand for Oil.
But, I think it will not have a huge effect on the Oil industry.
Maybe in the future there will be new energy sources.

Fusion energy is one hypothetical means of a new and nearly infinitely-sustainable energy source, which would be able to generate basically free electricity, and this would more or less completely end what the oil industry has established, and oils would be used more to generate plastics and other petroleum-based substances.

Less cars using oil means nothing right now though, as most cars are still gas-based and a lot of electric cars are too expensive for most people.

Yeah, but the good news is we were able to see electric cars already and base on that we can have a chance to see more in the future, and when that would happen the demand will increase as the price will drop on cars and becomes more affordable for us.

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Quote from: Woshib on June 29, 2016, 10:59:11 AM

Quote from: Decoded on March 21, 2016, 04:13:13 PM

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?

Electric cars will surely affect the Oil industry, because there will be fewer cars that burn fuel, and less demand for Oil.
But, I think it will not have a huge effect on the Oil industry.
Maybe in the future there will be new energy sources.

Fusion energy is one hypothetical means of a new and nearly infinitely-sustainable energy source, which would be able to generate basically free electricity, and this would more or less completely end what the oil industry has established, and oils would be used more to generate plastics and other petroleum-based substances.

Less cars using oil means nothing right now though, as most cars are still gas-based and a lot of electric cars are too expensive for most people.

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Quote from: Decoded on March 21, 2016, 04:13:13 PM

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?

Electric cars will surely affect the Oil industry, because there will be fewer cars that burn fuel, and less demand for Oil.
But, I think it will not have a huge effect on the Oil industry.
Maybe in the future there will be new energy sources.

Dwelach

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Off course are electric cars bad for the oil industry but they will only feel it if we all are going to buy an electric car and i dont see that happen inm a couple of years so
Dont be afraid that the oil industry will collapse this times because he wont.

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What if electric vehicules need more energy in order to be build and in overall require more fossile energy/products ? It would be a big dilemna for eco-friendly people. Grin

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