tacticalremote
Member
- First Name
- AB
- Joined
- Jun 18, 2020
- Threads
- 1
- Messages
- 5
- Reaction score
- 7
- Location
- Houston, TX
- Vehicle(s)
- 2019 Ford Ranger XLT FX4; 2014 Infiniti Q50
I figure we will see more companies use electricity over directly using hydrocarbons for energy in the manufacture. As others have already pointed out, there are still many products derived from hydrocarbons which will continue to drive demand for oil and gas production on some scale, albeit lower because of the displacement by electrical options.This should be interesting to say the least.
Another reason I wouldn't buy the first generation Ranger Raptor. With all the cost cutting and eventual missed steps I can see it being a shit show for sure.
With petroleum at record highs right now, prices are going to be insane for virtually every product. Petroleum is so ingrained in our society, and the true backbone of our economy that starts at the manufacture of the product. Consider how many products require petroleum to be produced in the first place, anything made of plastic / aspirin / shaving cream / soap - detergents / fertilizer / lubricants and the list goes on and on and on. It then takes petroleum to get the product to you and petroleum for you to get to the product. As we shift to EV, sure our transportation demands on petroleum will go down, but simple supply and demand will dictate all the daily products that require petroleum will substantially rise. We often correlate product increases (inflation) with transportation costs due to petroleum increases, but when you look at how many products that require petroleum in order to be manufactured in the first place you can start to see why so many products are going to cost the consumer much much more in the future, and that will just get compounded post Covid with manufacture's looking to make back past profit losses.
Sponsored