The Costs of Oil Spills: Could it Push More Consumers to Electric Vehicles

 

Crews in California are actively working to clean up nearly 126,000 gallons of oil that spilled out into the Pacific Ocean near Orange County. Right now authorities are speculating what might have caused the spill early guesses is an anchor that might have struck the pipeline. 126,000 gallons sounds like a lot of oil so we asked Michael Davies who is the founder of Green Econometrics what the economic impact is and could oil spills like this influence more to switch to electric vehicles.

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