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So what happens when the world goes 100% electric cars? No more oil power. Disaster for countries that rely on it.
It's crazy how these countries don't see the writing on the wall. They should focus on education and industry at this point. My understanding is that they don't produce shit other than oil.
Cars only make up about 50% of oil use depending on country. What your saying isnt completely wrong but oil will have plenty of uses for decades or centuries to come.
The prices will probably go down though.