Quote:
Originally Posted by Guest
Look up the oil depletion allowance. Saudi Arabia is freaking out because they see the hand writing on the wall. Wouldn't you like to drive an EV powered by renewable energy produced in this country and say to Russia, Saudi Arabia and Venezuela keep your oil. What is more make America great again than that. Of course you wouldn't have Deep Water Horizon and the problems it caused. In the news today the republicans and easing those pesky safety regulations bought on by that disaster. Austin Texas signed a contract to buy solar energy for 2.5 cents per kilowatt, the lowest cost in the country and the cost of solar is on a steady decline. Will you agree with me subsidies for existing coal and nuclear plants is crony capitalism.
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Oil isn't going anywhere and as/if it's output begins to wane and can't keep up with demand...the price will just go up. There is NOTHING to replace oil.
VERY little oil is used for energy production: