Quote:
Originally Posted by MetroMPG
With a lingering global oil production glut (thanks, shale oil!), what are the chances we'll ever experience a big oil price spike again? I wonder how wary oil producers are of creating conditions for high prices that will drive ever more new car buyers into electric vehicles.
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Oil prices are guaranteed to spike again in the future, many times.
Either wars, OPEC, or environmental laws or any combination of them could lead to big spikes.