Re:How big oil will die
by diafygi on Wednesday August 09, 2017 @08:10PM
(#14975031)
The thing you have to remember in energy and transportation is that capital costs are high, and margins are thin.
What do you think happens when a new innovation comes in and takes 20% of your market share? This is what happened in oil with fracking. Venezuela collapsed and everyone else is on the brink.
Replacing 20% of IC cars would be just as catastrophic for oil incumbents as fracking.
What do you think happens when a new innovation comes in and takes 20% of your market share? This is what happened in oil with fracking. Venezuela collapsed and everyone else is on the brink.
Replacing 20% of IC cars would be just as catastrophic for oil incumbents as fracking.