Assume, for the sake of argument that a technological breakthrough has made electric vehicles… 2 answers below »

Assume, for the sake of argument that a technological breakthrough has made electric vehicles both highly efficient and low in cost. In a short time, 50% of consumers suddenly switched to electric vehicles.

What would happen to crude price differentials?

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Will any refiner be disadvantaged relative to any other refiner?

How would refiner investment decisions be affected?

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