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.
The oil industry is essentially a cartel. The producers set the price and they all collude to keep the prices at a level that makes them very wealthy. There’s no competition in that market so they’ll lower and raise prices as needed to kill competition from EVs.