28 Aug '14, 8pm

Will Home Grown Oil Kill the Electric Car?

Will Home Grown Oil Kill the Electric Car?

“Oil is a fungible commodity with a global price, and thus even the theoretical elimination of foreign imports through increased U.S. production is not likely to bring long-term price relief to the consumer,” it says in a 2013 position paper. “Over the next decade, demand in China, India, and other emerging markets will continue to grow. Unmatched by substantial growth in supply from the regions where conventional oil is most prevalent and cheapest to discover and lift, this will drive the price of gasoline and diesel to higher and higher levels …”

Full article: http://www.hybridcars.com/will-home-grown-oil-kill-the-el...

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