The military machine will remain powered by petroleum for the foreseeable future which will keep it propped up somewhat. Personal transportation is a considerable chunk of the customer base but so are plastics, pharmaceuticals, agriculture, and logistical/transportation industries like airplanes and diesel locomotives. It’s still a net positive impact and should lower prices overall with decreased demand for it.
The military machine will remain powered by petroleum for the foreseeable future which will keep it propped up somewhat. Personal transportation is a considerable chunk of the customer base but so are plastics, pharmaceuticals, agriculture, and logistical/transportation industries like airplanes and diesel locomotives. It’s still a net positive impact and should lower prices overall with decreased demand for it.