Coming 'oil glut' may push global economy into deflation

[sgd]

Say we went nuclear and all the cars start using batteries - you have clean energy. But big oil corporations cannot sell anymore petrol or diesel have no more reason to stay in jurong island They will just pack up and go. We will lose our oil hub status one of our sacred cows.

There could be some activity in solar or wind in sg but not in a big way because geographically where we located a lot of middle east oil just goes thru our doorstep if we don't tap it others will grab it.