Electric Vehicles Impact on OIl and Gas


#1

What about electrical cars, etc? Wouldn’t there be a big drop in the need for oil and gas if that should be fully developed in the future? Just wondering…


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#2

Gracie, we have electrical cars today. It is hard to cross the country when you have to stop every so often for hours to recharge. Would you fly in a battery operated plane? Oil and Gas is a global commodity. Even if they could provide a full battery charge in a few minutes, in whose lifetime will they have the infrastructure to provide them in the forests, jungles, deserts, ice, etc.? The globe is a big place not sure the battery car will ever be anything more than a commuter car. Tractors and trucks are a whole other story.