1 in 5 new car sales globally were EVs in 2023, and that's curbed oil demand – IEA - eviltoast
  • philpo@feddit.de
    link
    fedilink
    English
    arrow-up
    4
    ·
    8 months ago

    Oil is not produced at maximum rate since the 70ies - which is good. (OPEC) We technically could produce much more and cheaper - but not for long.

    • R00bot@lemmy.blahaj.zone
      link
      fedilink
      English
      arrow-up
      4
      ·
      8 months ago

      Yeah for the record I think it’s a good thing, but wanted to point out how the supply/demand system so often finds ways to keep screwing the consumer when demand reduces.