/biz/ - Business & Finance

>>17156196
>>space rockets
>No. They use propane, kerosene, alcohol, hydrogen and/or others. There is nothing relevant fueled by oil.
propane is a product of oil refining (and natural gas processing).

yes truck/bus/car fuel demand will go down with electric engine but it will take a very long time, especially in poor countries which will be the new markets for gas cars when civilized countries move over to electric. and oil will stick around even after 30 years when maybe 75% of all people in the world have electric cars (unless law restrictions make it happen a little sooner, unlikely to happen in poor countries that today dont have many car owners).