RE:Just Stop Oil NuttersGuess I have a diiferent perspective - where is the best place to put my money to get the highest risk adjusted total return
From this perspective it is not a question of whether the world will need oil in say 50 years. Odds are that oil will still be needed. The question is whether the growth in demand and the associated price of oil will match that of other industries where I can place my investment dollars.
When I look at it this way and see competing technologies such as EVs; use of recycled plastics to make clothes; trend in people working from home; Governments around the world ganging up on oil, my conclusion is that I can do better putting my money elsewhere.
I am by no means alone in looking at things this way.....a simple glance at the valuation metrics of oil companies like SU says it all.