ELI5; What will happen to the oil producing countries when we switch away from fossil fuels?
In: Economics
Probably just a slight reduction in regards to using it as a fuel source other then this; Absolutely nothing, everything you touched, consumed, and utilized on a daily basis; oil has a part in its production, cultivation or distribution. This idea we don’t need oil is a misunderstood fable. We do not need to burn it to to get from point a to point b as a daily driver for the general consumer. That’s about it. If anything ;
We as a while society would not see a change in consumption of oil to the relitive levels because we would probably drive up the consumption of oil through consumerism of products.
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