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Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF

Energy Metals & Mining Oil & Gas E&P Industrial Metals & Minerals
Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the opening of Kavango Sedimentary Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. It holds 90% interest in a petroleum exploration license in northeast Namibia and a 100% interest in petroleum exploration rights in northwest Botswana over the entire Kavango... see more

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > electric cars?
View:
Post by CHEAPERSTATE on Jan 18, 2021 9:13am

electric cars?

is it true the car industry only uses 10% of the oil demand? electric cars wont change the demand for oil right?
Comment by grenouille on Jan 18, 2021 10:42am
we must remember that the electricity to power electric cars isn't magically created by the green energy fairy.  a large portion of it will be generated by powerhouses burning hydrocarbons.  this will also help offset any impact of electric cars on petroleum bemand.
Comment by peterj99 on Jan 18, 2021 11:21am
you are absolutely right. That electricitity comes from places like Chernobyl, Fukushima, 3 gorges dam, and naturals gas Those greenies are really dumb Go RECO GO
Reconnaissance Energy (Africa) Ltd
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