View on YouTube Shale Oil and Electric Vehicles Can’t Save Us | Chris Martenson
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Original Video Description:
There’s a lot of discussion about how shale oil is bringing down energy costs and increasing the supply greatly. The question is, “At what cost?” We’ve seen numerous bankruptcies in the energy patch and these hi-flyers are producing negative cashflow. Is this really what the future looks like? Next, Electric Vehicles or EV’s are supposed to solve all our energy/pollution problems. Really? The death of the internal combustion engine is great exaggerated. It’s not going to happen overnight or even in a decade, if at all. It’s a process that will take a long time. Ending private ownership of vehicles could have great benefits, but don’t break out your app for that self-driving Uber car just yet!