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COMMENT: Is Big Oil feeling the pain that Big Auto once felt?

BY MARTIN KAHL. Was 2015 the turning point for the oil industry that 2008/09 proved to be for automotive?

It’s as good as written in stone: the higher the price of oil, the higher the price of fuel, and the higher the sales of efficient cars with alternative powertrains. A decade ago, the US$4 gallon was coming; the gas guzzling SUVs were shunned; and soon the streets would be filled with EVs.

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