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paleotn

(20,536 posts)
6. And the future economics of crude itself are not good. Certainly medium to long term.
Fri Feb 28, 2025, 10:24 AM
Feb 2025

China is all in on electric vehicles. So is Europe. And the Chinese are better at it than we are. We've hit a plateau, but as technology improves and price declines, we won't be here for long. There will always be a market since crude is so useful in so many ways and hybrids will be with us for decades to come, but not like the past. The economics of having to recoup massive ANWR development costs over decades, in a declining market, make little sense no matter how government may try to incentivize it. The internal combustion engine is really a dead man walking. And neither Trump, nor his gas guzzling, goober followers can reverse that.

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