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Politics : Formerly About Advanced Micro Devices
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To: Eric who wrote (1457767)5/20/2024 3:54:56 PM
From: Tenchusatsu  Read Replies (1) of 1579695
 
Eric,
Not for long.
It will be longer than you think.

The price of oil is still around $80, which is significantly higher than it was in 2023, where it bounced around between $60 and $80. That reflects continued demand.

China would LOVE to stop importing energy, but they just aren't there and probably won't be for another 10 years.

And if they're going to be energy-independent, it won't be through the mass production of cheap-ass government-subsidized EVs.

Tenchusatsu
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