Quote:
Originally Posted by Blighty
Hmm. Oil supply and demand is fickle (particularly when you have market manipulation with opec), but we know that when demand plummeted during covid the prices went down.
No-one might be selling oil burners in the future (at least civilian passenger ones), but those sheikh's will be trying very hard to sell as much as they can.
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Different scenario. There were still millions and millions of cars on the road that would need gas eventually.
For a better example during current conditions look at the price of things such as 100 octane fuels. It is exuberantly expensive since so few need or buy it. It doesn't cost any more to produce, deliver or store so the only reason it cost so much is low volumes.
When there are very few hobby ICE vehicles around nobody will be reducing prices to try and sell more oil. The volume pricing will go away and you will spend hobby prices for every drop of fuel, motor oil, coolant and the other necessities to keep an ICE car running.