Electric vehicles aren’t going to reduce our demand for oil and gas; OPEC has much more to fear from new disruptive technologies employed in the industry.

OPEC is on the defense. Built on the principle of collusion with other nations and now engaged in yet another such effort to regain the market by setting limits on production, they are rightly worried about their future. Nevertheless, despite what many would have us believe, electric vehicles (EVs) have little to do with their worry. They are no threat at all compared to the disruptive technologies that have been and are being developed in the oil and gas industry.

The EV claim was amplified by Volvo’s decision to go all-electric by 2019, as well as countries such as France and England outright banning combustion engines by 2040. The introduction of Tesla’s pocket ace, the Tesla 3, a cheaper model at $35,000, has also contributed to the hype. None of these factors are likely to have much impact, though, compared to disruptive technologies American oil and gas companies are bringing forward.

Read more:

http://naturalgasnow.org/disruptive-technologies-not-electric-vehicles-killing-opec/