Quote:
Originally Posted by DuffMan
could this be the turning point for fossel fuels?
renewable energy has come a long way, but relying on fossel fuels for so long and believing it was going to be around for our lifetimes, might not pan out.
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Cheap oil should do a great job of obliterating EV sales (which had already stagnated globally in 2019 thanks to Chinese withdrawal of EV subsidies).
You only worry about oil if you think cars won't be back after the lockdown is over; but the anecdotal evidence out of Wuhan is that likely cars will be stronger than ever as people are scared about the safety of mass transit. Without an effective vaccine, COVID is going to be crippling to mass transit in Canada, and will probably put most of the mass transit systems in the US into a death spiral.