(Bloomberg) -- From Tesla chargers in the ancient alleys that surround the Forbidden City in Beijing to lonely highway rest stops with charging posts in the western deserts, signs of the electrification of China’s transport fleet — and the demise of gasoline — are everywhere.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasNow, according to official s
Primary reason I don’t understand the call for “drill baby drill”. We’ll end up with oil and needing to sell it for much cheaper than anticipated because the demand is low.
Ya I always hate when people say, “We’ll always need oil!”. I mean, maybe ya, but for every time we convert a car, or power plant, to electricity, or stop producing some plastic product, that reduces the overall demand. It’s a good thing!