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The oil markets are totally fake, I assume people understand that now.
So even if cars were 50% more efficient, the markets would eventually adjust and gas would be $8/gallon, so essentially no difference for the consumer. Although there will be some environmental benefit.
Similar with electric cars. If everyone started driving electric cars, then the electricity business would turn into the oil business.
So basically, when you depend on one type of energy, you are screwed. We need different energy sources so one group can't control the price.
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