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Electrical_Age_7483 t1_j7wxiid wrote

Reply to comment by SomeRandomEntity44 in UK: Fast charging EVs more expensive than filling petrol by nastratin

Some of the refineries become unviable going out of business decreasing competition and increasing prices of remaining refinery

What normally happens when competition decreases?

Reserves are irrelevant. When technology surpassed it then they don't get consumed. Also it may be used for diesel or avgas. That doesn't mean you can fill your petrol car

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SomeRandomEntity44 t1_j7x19bo wrote

Not in our lifetime. Simple as that. Get back to me in 59 years and we'll touch base on where we are with this.

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[deleted] t1_j7z35fi wrote

There is no scenario where all gas/diesel drops off at once, lots of smaller volume of use markets will need gas and diesel much longer than cars and trucks, so there's not really going to be any problem because for billionaires construction project to happen they will still need gas and diesel well after the point that most transit stops using it.

So the niche markets will keep having access to fuel oil, gas and diesel for a long time or your global economies will crash because while EVs are cool, we are a solid 20 years from having like electric bulldozers or batteries for remote mining sites vs generators.

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