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:
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