[ckilmer]

Bad news here.

the Chinese are thinking about getting into electric cars/battery development on the same scale —with their state banks — as they did with computers in the 90’s and solar in the 00’s.

If the Chinese do so, the demand for oil will collapse in under 10 years and so will the price of oil. The consequence of low oil prices will be the shut down of high cost US oil production and oil production around the world until supply and demand balance at lower levels. Its going to be a wild ride but the competitive race between ever cheaper & higher mpg internal combustion engine cars and ever cheaper electric cars & batteries and cheaper natural gas trains trucks and buses will continually put downward pressure on the price oil over the next decades.

This will be good for industrial economies but bad for gas station economies and the governments that depend on oil to pay for their bureaucrats. In the USA, this will be bad for the mid continent and good for the coasts.

[Paine in the Neck]

the Chinese are thinking about getting into electric cars/battery development on the same scale —with their state banks — as they did with computers in the 90’s and solar in the 00’s.

If the Chinese do so, the demand for oil will collapse in under 10 years and so will the price of oil.

Because the electricity for these cars will magically appear at your wall socket?

[CyberAnt]

This new collaboration between Russia and China was prophesied in 1985. I have it on tape.