Quote:
Originally Posted by Blackbird45
You do know they're working on hydrogen cars.
EVs will take over but not because the global warming, but because it eventually will be more convenient and most likely less expensive.
The oil companies can see the handwriting on the wall.
There will still be a market for their product, but they are going to take a hit.
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No argument---it is self evident. Once cars are all EV or hydrogen, gasoline will be virtually non-existent. But when will that be? American business is notoriously short-sighted, looking 2-3 years ahead while competitors like China and Japan look 20 years ahead. For that reason I just don't believe that oil companies are reducing production and foregoing profits NOW in anticipation of an uncertain future in which their product MIGHT be vastly reduced. Of course, this is highly speculative. Right now, despite the rise in price, fossil fuels are still the cheapest form of energy. EV's of any quality tend to be quite expensive, and hydrogen is a great idea that is many years away if ever. Personally, I'd be a bit leery of parking the Hindenburg in my garage.