Just a random musing. As EV’s become more popular, means less gas being used, means potentially lower prices since supply of gas should increase? Or do they just cut production and keep prices the same.
Wondering what will happen in the long term.
Just a random musing. As EV’s become more popular, means less gas being used, means potentially lower prices since supply of gas should increase? Or do they just cut production and keep prices the same.
Wondering what will happen in the long term.
Counterpoint: spermaceti is currently $22.75 for 100 grams. No idea on the conversion rate to oil or the price relative to inflation because I’m starting an absurd argument and I’m not wasting much energy on it, but it seems really high.
Anyways, in 180 years, oil may be much more expensive.
https://www.fishersci.com/shop/products/spermaceti/S25795
Think of it this way: Spermaceti is basically free. There’s no demand for it, and therefore no infrastructure to produce and transport it. What you’re paying $22.75/100g for is the bespoke packaging and transportation of a non-commodity.
Go into a commodities market and start offering options on large quantities of spermacetti and you’ll find you get no takers.