Would a dramatic reduction in demand for oil caused by a green vehicle revolution cause the same type of reduction in oil prices that the global financial crisis has?
Overall, I don't see why not.
In fact, I'm guessing that the eye-opening impact of the financial crisis on oil demand and prices is exactly what major oil producers are afraid of should the world experience a green vehicle revolution.
Think about all the benefits that our society would receive from an oil demand-destroying green vehicle revolution that lowers gas prices via efficient, clean technologies rather than via a global financial crisis:
Bookmark/Search this post with:
Delicious
Digg
Reddit
Technorati
UN chief Ban Ki-moon opened the international summit on the global food crisis in Rome last week by calling for a 50 per cent increase in food production by the year 2030. As the High-level Conference on World Food Security concluded the UN’s long-term focus was revealed; to improve food security whilst increasing production and agricultural financing. For Ban, the world has a “historic opportunity to revitalise agriculture” and must “respond immediately” to improve food security and eliminate “trade and taxation policies that distort markets.” 
