Oil price crash: Will it affect the move to green energy?

Oil plunged 20% globally and prices dropped 2% at the pumps in Japan!

All the while the yen appreciated 8% against the dollar!

No suv for the average Mr Tanaka then...

"a perfect opportunity to remove the subsidies to oil companies because oil prices are low".

"It's a good time to put the carbon tax very high to accelerate the energy transition."

Exactly! It's immoral that governments are still protecting this poisionous exploitative oil industry.

I’m sure governments will find a way to keep end user prices they same. Gasoline in Japan is already 50% tax. As oil prices are down, they can just increase those taxes and we see no change at the pump.

https://youtu.be/tLcCPsnLlaE

Time to consider a Tesla, has bio hazard filter

If American oil prices are collapsing under a free market, why has this government been subsidizing the American oil industry? Who benefited from keeping prices artificially high? Not the average consumer and tax payer.

Have been waiting for my Hero Greta on this.

The longer oil remains cheap the longer any alternative is developed, oil doesn't just drive cars and trucks, its shipping, planes, trains and it is used in multiple of products and chemicals that we use everyday.

Cheap oil actually means less investment in alternatives, since the R&D will not turn a profit.

Paradoxically, it is a high cost of oil encourages R&D into alternatives.

Cheap oil just means that the decline of the combustion engine is delayed.