what will happen to oil and gas, energy sector company revenues governament collect from us for electricity
and more important what happens to automobil sector as car running on battery will be much easier to produced witch much cheaper cost. can you see world economy could collaspe
2006-07-24 07:44:53 · 5 answers · asked by dubai chaser 3 in News & Events ➔ Current Events
all the world econimy will collasp as any change bring unforsean changes
2006-07-26 01:35:54 · answer #1 · answered by dubaichaser d 2 · 3⤊ 1⤋
Whatever replaces fossil fuel will be taxable and if it is grown or generated domestically it will have a great impace on the U.S. economy. That last round of oil prices seems to have spurred invention and development of alternative fuels and thats a good thing because many of more environment friendly. Ethanol actually has a higher octane level than gasoline and can run high performance vehicles at the same or better level. As far as the world's economy being harmed by that, I think that would be only if you felt that the U.S. has to consume imported energy as some kind of social obligation. ??? Don't think the world cares anything what happens to U.S. Oil as a prime energy source may be passing into decline just the way the horse did. Some of the decline seems brought on by greed and people being fed up with greed and indecent wealth in the hands of few. Long live alternative fuels (solar, electric, hydro, ethanol) and goodbye oil.
2006-07-24 15:26:42 · answer #2 · answered by Tom W 6 · 0⤊ 0⤋
Depends on how the energy for that battery is created. If it is a chemical battery, it will likely be more dangerous than most weapons (car batteries contain a very corrosive acid which is why they can't be discarded normally).
If it is a hydrogen battery, the hydrogen has to be created somehow; often through electical means, which require more energy than they actually create.
2006-07-24 14:49:01 · answer #3 · answered by John J 6 · 0⤊ 0⤋
Why do you think gas prices are so high? They are trying to make as much money as they can before they go under because of inventions are coming closer and closer to not needing oil or gas.
2006-07-24 14:48:47 · answer #4 · answered by Sandra M 3 · 0⤊ 0⤋
Everything seems to have a down side to it. I wonder what the downside to such a battery would be?
2006-07-24 14:50:40 · answer #5 · answered by jack f 7 · 0⤊ 0⤋