With access to Texas electric providers your family can rest assured that they are gaining access to one of the nation’s most advanced infrastructures thanks to fracking in local areas of the state. While fracking might not be the most environmentally friendly of drilling for oil it has given many states an abundance of money allowing them to allocate the funds into upkeep for their energy industry as well as investing in renewable resources. It’s an inevitable fact that we’re going to run out of fossil fuels and with more cars on the road today than ever before, it’s going to happen sooner than it is later.
What does this mean for American consumers? We’re already beginning to see the changes that it will wrought on the economy; a demand for electric cars is one of the most obvious and relevant changes that is already happening right now. With companies like Tesla and Alphabet (Google) investing heavily in developing electric, self-driven vehicles there is going to be a higher consumer demand as soon as more of these cars become available to the general public as more friendly prices. As battery technology improves and more car makers join in we’ll see a diminishment of dependency on oil itself.
Of course we’ll continue seeing companies who are going to lobby policy makers to tax these new vehicles heavily; especially oil companies and other car makers who are a step behind the rest. We’re already seeing what happens when corporations fall behind technology – look at how the movie and music industries reacted to Netflix and how long they dragged peer to peer sharing through the courts simply so they could develop their own streaming platforms in order to capitalize on what Netflix has done. It’s going to be the same for the energy sector and the automobile industry.