Could Your New Car Affect the Oil Industry

The globe is currently in panic due to the credit crisis that has struck the whole nation. One of the worst hit sectors has to be the oil niche.

But as technology progresses we begin to see the use of oil degrade more and more, but should oil suppliers really be worried? I personally feel that for most parts no they should not but the vehicle oil suppliers may be getting into a bit of a panic.

The reason for this is because as we can all see the government is strongly campaigning for people to start using more eco friendly cars, they have even started a vehicle scrappage scheme. So I feel that within the next few years most of the cars on the road are going to be the new breed of electric running ones.

This will not only be eco friendly but it will allow people that own cars so save much more money. I mean that the price for fuel is forever increasing. With the current electric cars none of this will actually be useful anymore, instead all you would need is to connect your vehicle to a charge point.

So I can guarantee that the oil suppliers who cater for cars will take a hit in the future. And what is there to say that it will finish there if we are going to clean up the roads why not clean up the skies and have solar powered running planes, with the current rate of progression in technology we may see it soon.

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