Offgridtrader wrote: Honestly I love the debates, keeps us on our toes. I would love and EV, but I live in the north on solar power and can't have one... Can't charge it at night with no sun on the panels so oh well! They also don't make anything affordable yet with 4x4 and good ground clearance that can mount a plow, haul heavy and long distance. So I'll stick with my beloved 16 year old 5.9L Cummins for now.
The opportunity in oil comes with the binary view most have with the "transition" fully willing to cut off their nose despite their face. I believe most people, even on this oil board would jump on an EV if a) they were affordable and b) were more than teeny tiny grocery getters. Heck I would buy one if they were same price as my $5000 Honda fit that just drives from point a to point b... But $30kish for a "cheap" EV will buy me 5 more Honda fits over the next few decades and by then I'm dead and well ahead financially.
So while people continue to wave just stop oil signs and pound the table that solar power, "renewable energy???" and EVs will solve the world's problems I will continue to buy oil stocks in the face of their ignorance. I live on solar power and work in the electrical field so I'm well aware of its limitations. EVs are currently a niche market in the 1st world for people like us figuring out where to stick our free cash on a stock forums... Not a one size fits all solution for the rest of the globe that doesn't have the benefit of first word problems and ethical choices.
So until a new technology truly threatens the energy industry as we know it that can solve our heating, mining and heavy equipment problems oil and natural gas is very much hear to stay. It's still a finite resource and it's making its way to the rest of the developing world that currently demands it as they lift themselves out of what we would consider poverty.
Interesting side note, I'm currently in the Uvita area in Costa Rica and even at the local grocery store and gas stations way down here in the south pacific they have tons of EV charging stations, it completely took me by suprise. However I have yet to see a single one being used... Again not because people don't want an EVs but because there isn't a vehicle in production yet that can navigate a single road down here once you turn off the main highways... And they're expensive! So again, until "they" start making EVs that can navigate river crossings and steep, slick, extremly rough dirt roads found in the rest of the developing world oil remains investable simply due to the ignorance of the western world.
Now give me cheap insurance and a 250km driving range on a motorcycle that can maintain 130kmph with a plug and play battery for the same price as a Honda XR150 (the most common bike I see here) and I'll buy one tomorrow! Suron is close and a product like that would flood the developing world and replace most of the bikes on the road down here in South and Central America, the Asian Pacific, the Middle East and Africa. It might even make a real dent in consumption, but what do I know? Instead they're targeting us in the western world with perfect roads and disposable income.
Appreciate your input obscure, it keeps my eye on the other side of the coin constantly evaluatingy investment thesis.