Electric Vehicles

Electric Vehicles

Oil Price Rally Boosts Electric Car Sales

Tesla’s competition is about to get more crowded next year with many legacy automakers and luxury brands launching a record number of battery electric vehicles and plug-in hybrids. All EV makers will have one common element that could help lift demand for battery vehicles—rising oil prices leading to fuel prices at four-year highs, which could turn consumers towards EVs. To be sure, charging infrastructure and range are still key concerns in consumers’ minds regarding EVs, but utilities and major oil firms such as Shell and BP are already looking to expand the charging infrastructure, especially in Europe.

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Oil Train Tanker

Could the Next Oil Price Spike Cripple The Industry?

In the following article Andreas de Vries and Dr. Salman Ghouri of Oilprice.com discuss the possibility of oil price spikes crippling the oil industry. At first blush that seems highly unlikely.  After all the oil industry is critical to powering the world and although there have been bumps along the road over the last 100 years the oil industry has always weathered the storm. But let’s look at what they have to say.

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