Entroper said:
Very little of our electricity actually comes from oil, though. Oil is primarily used to power transportation, with the lion's share of electricity generation coming from coal. Nuclear power isn't likely to replace oil unless we all start driving electric cars. I think going to ethanol is much more likely, especially given the recent advances in ethanol production from cellulose and other organic material (not corn). |
True that electricity don't comes mainly from oily. But with electricity becoming an abundance, the transportation that use mostly oil will be diverted to electricity. Hence, making the value of oil drop. The oil lobby will do anything to keep its value sky high.
