264
American automakers are losing the race to make more fuel-efficient vehicles
(www.theverge.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 21 Dec 2023
264 points (98.2% liked)
Technology
59374 readers
3467 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
Gonna be reeeeallly fun when all the people who daily drive these things realize:
Wait a minute...
what even is peak oil ?
WHAT?! Gas prices are basically never going to go down again and just keep going higher?!
-===-
My guess is they will then all start complaining about the lack of public transportation, having spent their entire lives voting against funding it.
Unfortunately they will, and this is where a responsible government should step in to manage the market for our future, not just for our right now or oil companies profits.
The problem is that we’re not running out of oil reachable with current technology, fast enough. Peak oil is likely driven by reductions in demand, rather than supply, which pretty much guarantees lower prices. I would bet this will be a drawn out process with multiple cycles of demand decreases driving down prices, leading to shrinking oil supply industry leading to higher prices.