Overall, a very interesting piece. The one GLARING error is possibly an environmental blind spot but what you call “Big Oil” is NOT…
If you had called it “Big Energy” you would’ve been right. The Oil companies are NOT in the “Oil” business, they’re in the ENERGY business, which, right now, happens to be petroleum products because it’s ACTUALLY profitable.
Electrical energy has a number of very large obstacles to be overcome before it becomes the new “gasoline” and until then, it will remain UN-profitable (it’s sustained by a large number of tax credits and subsidies and fervent environmentalists who don’t care or KNOW anything about running a business.
If you think “Big Oil” isn’t looking at solar and all other forms of ENERGY generation, you’re not paying attention.
In the long run, you’re correct, gasoline will be a legacy product, but I think you’re prediction is VERY optimistic… As stated earlier, there are a number of FUNDAMENTAL obstacles that must be overcome for electricity to become mainstream.
There are also MILLIONS of gas-burning cars on the road now. How quickly they fall off the transportation map is a wild card.
Still, overall, a very interesting article…