Because the war in Iran has likely knocked 20% of the worlds oil supply out of action for at least the next year due to the damage that has been done to the infrastructure needed to export it. And that will likely push many more people into getting EVs because fuel prices are too high. And once that trend starts it is hard to say where it might stop. As once enough people get EVs more people will realise their benefits over fuel based cars. Then word of mouth will do the rest.
EV's use a lot of oil products for plastics. Mines are even slower at switching to EV tho it is starting so all that mining of lithium, cobalt, etc. Roads use a lot of oil. And once there is even a minor shift away from gasoline/diesel the oil will be used for power generation and tanking the price of plastics. Will the industry change? Yes. Will it be painful? Yes End? Never.
It's not about fully getting off oil. 20% of the supply has left the market currently. Meaning for things to go back to normal, 20% of the demand needs to go away as well. Everything you listed is still being supplied by the remaining 80% of global oil supply that is not affected. The main people feeling the shortages is commuters, and they are the ones that EVs are best suited for. So if 20% demand of global fuel using cars get exchanged to EVs, it will resolve the issues.
It would resolve part of it for sure. It doesnt adjust for the ever growing demand of more people. 20% left the Cali market, it caused a lot more than a 20% shortage in the USA. We have this problem where we export most of our light sweet and have to import heavy/sour crude. The reason is simple and hidden behind the price of a barrel as reported in the new, aint the price of all barrels. WTI, thats USA oil, was at 98$/b Apr1, today its over $111/b, while import oil cost range is $50~75$/b
Because there's more than one oil market. And the one that is held up as the standard actually has very little oil from the strait processed through it. So using it as the base is kind of dumb. But because it's the main one that investors in the west like they look at it gets held up as the standard. Also, the US exports most of its oil because most of its refineries are set up to process Sweet crude, and most US oil is heavy crude. And crude oil isn't refined product, so supply is different.
FetaForMoses
Uh how’s that gonna work?
d14z3p4m
https://www.politico.eu/article/fossil-fuels-no-thanks-why-donald-trump-iran-war-pushing-the-eu-toward-renewabl">bles/">https://www.politico.eu/article/fossil-fuels-no-thanks-why-donald-trump-iran-war-pushing-the-eu-toward-renewables/ https://www.euronews.com/business/2026/03/20/iea-urges-swift-cuts-in-oil-demand-encourages-remote-work-less-air-travel
Targe0
Because the war in Iran has likely knocked 20% of the worlds oil supply out of action for at least the next year due to the damage that has been done to the infrastructure needed to export it.
And that will likely push many more people into getting EVs because fuel prices are too high. And once that trend starts it is hard to say where it might stop. As once enough people get EVs more people will realise their benefits over fuel based cars. Then word of mouth will do the rest.
famtifa
You guys can afford a car?
Targe0
An Ebike, or regular bike are also viable options.
whiskeywonka
EV's use a lot of oil products for plastics. Mines are even slower at switching to EV tho it is starting so all that mining of lithium, cobalt, etc. Roads use a lot of oil. And once there is even a minor shift away from gasoline/diesel the oil will be used for power generation and tanking the price of plastics. Will the industry change? Yes. Will it be painful? Yes End? Never.
Targe0
It's not about fully getting off oil.
20% of the supply has left the market currently.
Meaning for things to go back to normal, 20% of the demand needs to go away as well.
Everything you listed is still being supplied by the remaining 80% of global oil supply that is not affected. The main people feeling the shortages is commuters, and they are the ones that EVs are best suited for. So if 20% demand of global fuel using cars get exchanged to EVs, it will resolve the issues.
whiskeywonka
It would resolve part of it for sure. It doesnt adjust for the ever growing demand of more people. 20% left the Cali market, it caused a lot more than a 20% shortage in the USA. We have this problem where we export most of our light sweet and have to import heavy/sour crude. The reason is simple and hidden behind the price of a barrel as reported in the new, aint the price of all barrels. WTI, thats USA oil, was at 98$/b Apr1, today its over $111/b, while import oil cost range is $50~75$/b
Targe0
Because there's more than one oil market.
And the one that is held up as the standard actually has very little oil from the strait processed through it.
So using it as the base is kind of dumb.
But because it's the main one that investors in the west like they look at it gets held up as the standard.
Also, the US exports most of its oil because most of its refineries are set up to process Sweet crude, and most US oil is heavy crude. And crude oil isn't refined product, so supply is different.