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Bullboard - Stock Discussion Forum Cenovus Energy Inc T.CVE

Alternate Symbol(s):  CVE | CVE.WS | T.CVE.WT | T.CVE.PR.A | CNVEF | T.CVE.PR.B | T.CVE.PR.E | T.CVE.PR.G

Cenovus Energy Inc. is a Canada-based integrated energy company. The Company has oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The Company's segments include Upstream, Downstream, and Corporate and Eliminations. Its Upstream segment includes Oil Sands, Conventional, and Offshore.... see more

TSX:CVE - Post Discussion

Cenovus Energy Inc > EVs.... The Probable Truth Oil Bulls Ignoring...
View:
Post by RagingBull3 on Jan 05, 2022 11:51pm

EVs.... The Probable Truth Oil Bulls Ignoring...

Personal Vehicles are going EVs faster than you probably think.   Virtually all governments around the world pushing for EV whether or not it makes any common sense or not.  

70% of US oil demand is for Transportation, 65% of that for personal transportation.

https://www.americanenergyindependence.com/fuels.aspx
Comment by mrbb on Jan 07, 2022 3:24am
ragingrabies, everyone would be driving EVs by 2045, right?  expert is on my side, crude oil demand will be higher than today.  
Comment by RagingBull3 on Jan 07, 2022 4:28am
Probably mostly YES for light personal vehicles for most countries.   Crude Oil Demand will still increase, MASSIVE potential demand still coming from Developing Countries With HUGE populations..... China, India, Africa.....basically all of Asia. But HERE it's probably a Different Story.... USA already exporting oil and other countries like China have/will surpass the USA in oil ...more  
Cenovus Energy Inc