The Rising Influence of Rising Affluence

[biotech_researcher]

Quote:
It will be electric, so oil consumption will fall.

"That's a separate issue from the growth of Uber and Lyft, which is the whole point of my previous post. I'll chalk it up to sloppy writing by the Bloomberg author."

Not separate at all. The growth of Uber and Lyft will be due in part to economics of electric vehicles. The plug in electric cost of an equivalent gallon of gas is $.60. That will be the catalyst.