#InflationReductionAct #Inflation #yahoofinance
    Nasdaq Senior Energy Analyst Rich Pontillo discusses the implications of the Inflation Reduction Act on energy markets.
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    3 Comments

    1. EVs don't seem to be reducing gas demand. When a consumer buys an EV their old car gets a new owner and they may drive even more than the pervious owner. The average age of cars still on the road keep going up, cars are not just going to the junk yard, they are getting repaired and reused. The only attrition would be gas cars that are totaled in accidents and replaced with an EV and that's not a large number.

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