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OPEC Laughs In The Face Of Electric Cars

The Organization of the Petroleum Exporting Countries (OPEC) has issued its annual World Oil Outlook report, and to absolutely no one's surprise, it's pretty optimistic about the future of fossil fuels. Among OPEC's big predictions: 1. By the year 2040, 94 percent of vehicles that roam the world's roads will still run on oil-based fuels. 2. By...
Oil well (photo by John Hill)The Organization of the Petroleum Exporting Countries (OPEC) has issued its annual World Oil Outlook report, and to absolutely no one's surprise, it's pretty optimistic about the future of fossil fuels. Among OPEC's big predictions: 1. By the year 2040, 94 percent of vehicles that roam the world's roads will still run on oil-based fuels. 2. By...
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