@pmarca @DanielleFong Biofuels compete w/ oil but at a low level & probably always will. EVs are still a LONG way off from displacing oil.
-
-
@DanielleFong@pmarca Oil demand is remarkably inelastic and unresponsive to price. More structural than dynamic. http://bit.ly/1u8G3SY -
@nelderini@pmarca totally agree. But economists miss that price elasticity has a time parameter: it won't be so inelastic over ten years! - 1 more reply
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.