Fuel Economy, Hypermiling, EcoModding News and Forum - EcoModder.com - View Single Post - Oil prices crash 20-30% on collapse of OPEC/Non-OPEC deal, declining demand

redpoint5 · 03-19-2020, 12:42 AM

This doesn't bode well. The financial crisis of 2008 involved an economic decrease of 3%, and we're talking a 20% drop in oil consumption? That's a proxy for the economy, so we're talking a drop in economic output of 20%. That alone will kill many people.

03-19-2020, 12:42 AM	#22 (permalink)
redpoint5 Human Environmentalist Join Date: Aug 2010 Location: Oregon Posts: 12,895 Acura TSX - '06 Acura TSX 90 day: 24.19 mpg (US) Lafawnda - CBR600 - '01 Honda CBR600 F4i 90 day: 47.32 mpg (US) Big Yeller - Dodge/Cummins - '98 Dodge Ram 2500 base 90 day: 21.82 mpg (US) Chevy ZR-2 - '03 Chevrolet S10 ZR2 90 day: 17.14 mpg (US) Model Y - '24 Tesla Y LR AWD Pacifica Hybrid - '21 Chrysler Pacifica Hybrid 90 day: 38.47 mpg (US) Thanks: 4,346 Thanked 4,501 Times in 3,462 Posts	This doesn't bode well. The financial crisis of 2008 involved an economic decrease of 3%, and we're talking a 20% drop in oil consumption? That's a proxy for the economy, so we're talking a drop in economic output of 20%. That alone will kill many people. __________________ Gas and Electric Vehicle Cost of Ownership Calculator Give me absolute safety, or give me death!