OPEC not even a little worried about electric vehicle threat
We're just gonna keep burning gas, apparently.
Despite the confidence expressed in the study, some members of OPEC may
be blinking. Saudi Arabia is preparing a $2-trillion investment fund
dedicated to funding industries that have nothing to do with petroleum,
according to the FT. That said, automakers continue to find
ways to generate more power out of smaller engines, which on one hand
boosts fuel economy but on the other hand helps keep the public tethered
to gas-powered vehicles.
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