Oil & gas market project difficult future amid EV push

FuelNuts & BoltsElectric VehiclesHigh Tech / High Touch
Written By Jennifer Joslyn

The oil and gas market is being slammed by the push to manufacture more electric vehicles.

This EV “boom” reduced the consumption of gasoline by the droves, but also hampered the production of oil. The transportation sector, one of the largest consumers of diesel and gasoline, accounts for almost 60% of the global demand for the product and with regulatory changes coming down the line… that’s going to be changing in short order.

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Jennifer Joslyn
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