New Technology is expected to reduce Mankind's dependence on Petrol. Will the impact be as huge as bringing the price of petrol under Rs 30 per litre?
American Futurist Tony Seba who successfully predicted the Solar Power boom believes petrol price is going to drop drastically in next 5 years. He believes growing number of self-drive electric cars would bring down the demand for oil. 'Price of oil could be as low as $25 per barrel,' he says.
Tony Seba foresees people opting to buy electric cars in future as they are much cheaper to buy and costs less when it comes to maintenance. He says, 'Electric vehicles would ruin the global oil industry. 95% of people won't own private cars by 2030 and this should destroy automobile industry as well'.
If Tony Seba's prediction comes true, Arab Nations will be the worst hit and their influence on the World will be at stake.
American Futurist Tony Seba who successfully predicted the Solar Power boom believes petrol price is going to drop drastically in next 5 years. He believes growing number of self-drive electric cars would bring down the demand for oil. 'Price of oil could be as low as $25 per barrel,' he says.
Tony Seba foresees people opting to buy electric cars in future as they are much cheaper to buy and costs less when it comes to maintenance. He says, 'Electric vehicles would ruin the global oil industry. 95% of people won't own private cars by 2030 and this should destroy automobile industry as well'.
If Tony Seba's prediction comes true, Arab Nations will be the worst hit and their influence on the World will be at stake.