^^^^^ However, if there is a significant drop in gasoline requirement, the refineries will shut down... not profitable. Once this gets started, there will be no turning back.
Btw, the world runs on the petro-dollar. If oil shuts down, there will be a big crash in money systems. Nobody knows what will happen then. Prepare.
As long as we HODL our cryptocurrency we are ready for oil crashes although this is already a pretty damn low cost per barrel and the Saudi's can still go lower so perhaps consumer grade oil would rise in prices , that said I don't see jet-fuel being replaced anytime soon or cargo holds for ships.
Regardless, I doubt all countries in the world are able to adopt a technology at the same pace, so transitions will apply to some countries faster than others one just needs to look at the phase out of incandescent light bulbs and stock pile some gas ^^.
https://en.wikipedia.org/wiki/Phase-out_of_incandescent_light_bulbsIt does takes a while to do a real transition and I doubt people will go out of their way to buy an expensive new car when the old one works just fine so we are good BADecker, plus some people do not want to give up their really old cars in the event of a solar flare for those who are concerned about electronics blowing up and those people who do want to survive the nuclear holocaust ^^.
http://www.askaprepper.com/vehicles-emp-survival/
