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Politics : The Trump Presidency
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To: koan who wrote (255515)10/27/2022 10:59:08 PM
From: neolib2 Recommendations

Recommended By
bentway
Wharf Rat

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Gas prices are entirely due to Putin and OPEC. I'm happy for them to be high now, as they are slitting their own throats. Have you been paying any attention to the rapid rise of EVs as a result? High gas prices are doing a better job than government subsidies did to kick start the EV market. In China, the largest auto market by far now, EVs are 25% of the total. We have crossed the tipping point. This is going to clobber oil demand within just a few years. The USA I think is going to hit 10% EVs this year! High oil prices are the best thing that can happen both for the environment, as well as for the economy, because the wealth created by the transition to EVs will far outweigh the economic damping we are getting currently from higher energy prices.
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