Quote:
Originally Posted by Racer20
I don't think the dynamics of the next oil crash will be the same as the last one. OPEC knows we're on the brink of an electric car and green energy revolution and if gas prices reach $4/gal again that trend will only accelerate. Plus there are many options for mobility today that didn't exist back in 2005-2008 and the trend toward remote work is going to lessen the need for cars in general.
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OPEC is not as big a factor as back then since the US is now more energy independent.