RE:RE:RE:RE:RE:Read this - WOW oil is really dying I think most people can agree that the world will transition to be less dependent on oil and move onto other renewables for energy but with nuclear with a bad image it will be a gradual transition and not an instant one like most people think. Therefore, there's still money to be made but the industry will just slowly consolidate until there's only a few major players left.
YesSetForLife wrote: Antonyius wrote: You do realize those cars use hydrocarbon byproducts still right? Those interiors and tires aren't made out of wood.
YesSetForLife wrote: topdown99 wrote: Too funny , if the world ever chose to follow this "proclaimation" it would only amplify the value of any producing properties . If the IEA can be taken seriously , this can only inflate any known and/or producing resources as this would put a "finite" value on O&G . Its ridiculous but fun to explore as a "what if" scenerio
Cars manufacturers are investing in electric cars because they don't have a choice and consumers will buy them because they won't be able to buy anything else.
Yes you are right but less oil will be needed. All things must pass just like anything else. Try to find a phone booth anywhere now but years ago they were everywhere.