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Topic: Are electric cars bad for the oil industry? - page 43. (Read 23655 times)

legendary
Activity: 3276
Merit: 2442
Oil industry is going down because of 3 reasons:

1- Pollution. As companies are forced to design more environment friendly engines, oil consumption is getting lower and lower with the new cars every year.

2- Electric cars. They are already rivaling oil cars and in the future they will be the only choice for most people.

3- Political reasons. Look at the biggest oil producers: Russia, Saudi Arabia, Iran. (I am excluding Norway and Venezuela from those. They can be ignored.)What do those countries have in common? They all are the enemies of the State. Why suddenly those electric cars popped up? Why now? To me they are not rocket science to make them. I am not bashing the intelligence of Elon Musk obviously he is 100 times more intelligent than me, but still, when i examined the tesla model s/3 plans i asked this to myself: Why haven't anyone thought that till now? It is simply because USA wasn't having major troubles with those countries till now. USA wants them to get weaker and weaker by cutting their most important export income. That's like a preparation for World War III.
legendary
Activity: 3766
Merit: 1217
Oil industry will go down in few years time because of pollution problems.

May be in the long-term future. But oil industry will be here for the next 20-25 years at least. It is not possible to replace the hundreds of millions of gasoline-run vehicles overnight. And it is not going to happen until a reliable alternative is found. Electric cars, which use Lithium batteries are not going to replace gasoline cars. The simple reason being there is not that much Lithium available on earth, to manufacture so many batteries.
sr. member
Activity: 1050
Merit: 252
Electric cars is bad for oil company

but it is good for all the world.

it will change the world.

maybe it would compete the oil companies but the oil has one of the largest demands on the market i don't think it would bring them in trouble . not all people all over the world are using electric cars , fueled cars and the oil are still the most prefered to use of the consumers so this is not threat for the oil companies but i hope that this electric cars would change the world like what you've said .
newbie
Activity: 42
Merit: 0
 Electric cars is bad for oil company

but it is good for all the world.

it will change the world.



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newbie
Activity: 18
Merit: 0
Oil industry will go down in few years time because of pollution problems.
legendary
Activity: 1582
Merit: 1064
Eh, sooner or later, there will be no more oil. So that's actually a moot point.
Not gonna happen, oil is still in existence in the future, we cannot fully adopt to electric cars as there are other cars that runs well with the use of oils. Especially those big cars.

I know there's a shortage of oil in the middle East especially in the Saudi Arabia and UAE but I don't think oil will be out of the market but there
is a possibility that we will run out of oil in the due time. But oil will always be there,
Even the cars are going to be electric.

There is no shortage of oil, especially in the Middle East. Roll Eyes
Saudi Arabia is still cranking out oil to maintain market share. They can afford to do it for many more years.
hero member
Activity: 2744
Merit: 541
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Electric cars is really bad for the oil industry but I can say that it is good for the community. Imagine a country with pollution free from the smoke coming out in our cars due to usage of oil to run our cars. In that sense we can preserve mother nature and we have a healthy community.

i don't think that electric cars are affecting the oil industry as i can see the oil price from the world market are continuing to rising . it will never affect the oil industry i think , because electric cars are not made to replace the fueled vehicle it is made just to lessen the use of diesel and to lessen the air pollution . it is just an alternative vehicle but it can be very helpful to preserve our environment .
hero member
Activity: 658
Merit: 500
Eh, sooner or later, there will be no more oil. So that's actually a moot point.
Not gonna happen, oil is still in existence in the future, we cannot fully adopt to electric cars as there are other cars that runs well with the use of oils. Especially those big cars.
Im also thinking on that matter big cars or ships that only diesel oils or fuel to be use to run its engines .also the factor that oils are limited .Oils can't reproduce or produce oils again .
hero member
Activity: 840
Merit: 501
Strength in Numbers
Eh, sooner or later, there will be no more oil. So that's actually a moot point.
Not gonna happen, oil is still in existence in the future, we cannot fully adopt to electric cars as there are other cars that runs well with the use of oils. Especially those big cars.

I know there's a shortage of oil in the middle East especially in the Saudi Arabia and UAE but I don't think oil will be out of the market but there
is a possibility that we will run out of oil in the due time. But oil will always be there,
Even the cars are going to be electric.
hero member
Activity: 630
Merit: 500
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They are not badw but they represent some kind of threat..If there wasn't a strong oilw lobby we would have driven electric cars long time ago. They are much safer for the environment but as long as there is oil electric cars will not be dominant

They are not bad because it can less the polution in the air and it can cure global warming but in terms of oil industry it has bad great impact to their economy because the major oil user is automobile sector and if happens that electric car will running in streets now well we can see a economic crisis on those country relying on oil,  and maybe it can effect also in global market trad
legendary
Activity: 2912
Merit: 1068
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They are not badw but they represent some kind of threat..If there wasn't a strong oilw lobby we would have driven electric cars long time ago. They are much safer for the environment but as long as there is oil electric cars will not be dominant
sr. member
Activity: 350
Merit: 250
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?
Now they are not that because most people still own a car that runs on gasoline but I think that in the future more people will use electric cars. I think that the oil industry will be not out of business because allot more things need oil.
legendary
Activity: 1092
Merit: 1000
https://trueflip.io/
Eh, sooner or later, there will be no more oil. So that's actually a moot point.
Not gonna happen, oil is still in existence in the future, we cannot fully adopt to electric cars as there are other cars that runs well with the use of oils. Especially those big cars.
member
Activity: 98
Merit: 10
Eh, sooner or later, there will be no more oil. So that's actually a moot point.
legendary
Activity: 1106
Merit: 1000
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?
In the long run it is going to to hurt the oil industry that is a fact. The majority of the people still owns a car that runs on gasoline but in the future I believe that more people are going to get a electric car.
In the long run it is going to hut the oil industry but now not. When more and more are going to buy electric cars then it is going to hurt the oil company a bit but I am sure that the oil industry is going to sell there oil no matter what.
It might happen in the future in a particular country can remedy the shortage of electricity, in our country we have a rotational brown out because of the electricity shortage, so we have a little chance to fully adopt the electric car plan.
sr. member
Activity: 336
Merit: 250
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?
In the long run it is going to to hurt the oil industry that is a fact. The majority of the people still owns a car that runs on gasoline but in the future I believe that more people are going to get a electric car.
In the long run it is going to hut the oil industry but now not. When more and more are going to buy electric cars then it is going to hurt the oil company a bit but I am sure that the oil industry is going to sell there oil no matter what.
sr. member
Activity: 448
Merit: 250
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?
In the long run it is going to to hurt the oil industry that is a fact. The majority of the people still owns a car that runs on gasoline but in the future I believe that more people are going to get a electric car.
legendary
Activity: 1092
Merit: 1000
https://trueflip.io/
Electric cars is really bad for the oil industry but I can say that it is good for the community. Imagine a country with pollution free from the smoke coming out in our cars due to usage of oil to run our cars. In that sense we can preserve mother nature and we have a healthy community.
hero member
Activity: 3010
Merit: 666
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 car is new technology,and i'm pretty sure people create technology with good considerng about other resource,oil industry will create another tehcnology to keep going and stale on market,and so far electri car not yet mainstream in Asia and Africa.
If electornic car will be widely use in the future then I can also see some great opportunity for the bitcoins to rise its value, as that time we will be going full on digital currency.

I don't see any connection between electric cars and digital currencies.
The adoption of both will increase at their own sweet pace.
Maybe he is just saying that it we are using electric cars, we can charge it in different charging situation with the mode of payment as bitcoins or maybe an electric bus where you need to pay bitcoins to get you on your destination. Not really sure what he implies but regardless we can integrate bitcoins with the electric cars, we just need to be creative to create business.
legendary
Activity: 1582
Merit: 1064
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 car is new technology,and i'm pretty sure people create technology with good considerng about other resource,oil industry will create another tehcnology to keep going and stale on market,and so far electri car not yet mainstream in Asia and Africa.
If electornic car will be widely use in the future then I can also see some great opportunity for the bitcoins to rise its value, as that time we will be going full on digital currency.

I don't see any connection between electric cars and digital currencies.
The adoption of both will increase at their own sweet pace.
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