Oil should've been as cheap as salt with technological advancements, but it isn't because of monopolies, destruction of supply (OPEC) and many other creative things. Book - Turning Oil Into Salt: Energy Independence Through Fuel Choice
> Meanwhile, China’s electric vehicle boom has offset the country’s need for fossil fuels. About one out of every two new passenger cars sold in China now is a new energy vehicle. According to International Energy Agency estimates, China’s EV fleet reduced oil consumption by about 1 million barrels per day last year.
New Energy Vehicle = NEV = Battery electric and hybrids
Demand destruction is the only weapon we have against oil/fossil fuel billionaires and SWFs that buy everything on the planet and extract rents.
Demand destruction has a 10x multiplier: https://news.ycombinator.com/item?id=48475019
Oil should've been as cheap as salt with technological advancements, but it isn't because of monopolies, destruction of supply (OPEC) and many other creative things. Book - Turning Oil Into Salt: Energy Independence Through Fuel Choice
Relevant fact:
> Meanwhile, China’s electric vehicle boom has offset the country’s need for fossil fuels. About one out of every two new passenger cars sold in China now is a new energy vehicle. According to International Energy Agency estimates, China’s EV fleet reduced oil consumption by about 1 million barrels per day last year.
New Energy Vehicle = NEV = Battery electric and hybrids
Related:
China’s EV Price War Was Brutal, But It Drove Innovation - https://cleantechnica.com/2026/06/19/yup-chinas-ev-price-war... - June 22nd, 2026
The Mystery of China’s Oil Demand Drop Is No Mystery - https://www.bloomberg.com/opinion/articles/2026-06-18/china-... - June 18th, 2026
The Big ICE Meltdown — May’s China EV Sales Report - https://cleantechnica.com/2026/06/13/the-big-ice-meltdown-ma... - June 13th, 2026