Give me a break. The oil market is absolutely huge. EVs aren’t even a rounding error right now, and I’m quite sure the big oil market players don’t give two seconds thought to it. Oil prices are coming down due to Libya coming on line, US production increasing, and world wide demand slackening (Europe is heading into a recession, while US gasoline consumption is decreasing due to fuel efficiency standards). And you’ve got it backwards as far as Saudi Arabia is concerned. The last time oil prices dropped a lot, Saudi Arabia cut back production in what ended up being a futile attempt to keep prices high. This time around, they have said they want to keep their market share, so they are not reducing production. But then, neither is anyone else. Its just pure supply and demand…

Source: http://my.teslamotors.com/fr_CH/forum/forums/price-oil-being-manipulated-slow-down-ev-movement

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