• 4 minutes Some Good News on Climate Change Maybe
  • 7 minutes Cuba Charges U.S. Moving Special Forces, Preparing Venezuelan Intervention
  • 12 minutes Washington Eyes Crackdown On OPEC
  • 15 minutes Solar and Wind Will Not "Save" the Climate
  • 3 hours is climate change a hoax? $2 Trillion/year worth of programs intended to be handed out by politicians and bureaucrats?
  • 9 hours Why Trump will win the wall fight
  • 5 hours students walk out of school in protest of climate change
  • 16 hours Prospective Cause of Little Ice Age
  • 17 hours *Happy Dance* ... U.S. Shale Oil Slowdown
  • 16 hours L.A. Mayor Ditches Gas Plant Plans
  • 49 mins Ayn Rand Was Right
  • 7 hours Maduro Asks OPEC For Help Against U.S. Sanctions
  • 2 days Most Wanted Man In Latin America For AP Agency: Maduro Reveals Secret Meetings With US Envoy
  • 2 days Ford In Big Trouble: Three Recalls In North America
  • 20 hours And for the final post in this series of 3: we’ll have a look at the Decline Rates in the Permian
  • 2 days Why Is Japan Not a Leader in Renewables?

Every Investor Should Own This Stock

Electric Car

There are many people who would argue that oil is on the edge of a precipice. The shift towards electric vehicles (EVs) is gaining pace, and without the massive demand for gasoline that comes from the use of internal combustion engines it is hard to see how demand for oil can be maintained. Add in the fact that solar, wind and other alternative power sources continue to get cheaper and more widely used and oil’s future can look bleak. Whether you believe that to be true or not is likely to be largely a function of your politics and your attitude to big oil. If you are somebody who believes that Exxon (XOM), Chevron (CVX), BP (BP) et al are bloated, polluting monsters you probably think it is inevitable and imminent. If you focus more on the millions of jobs that those companies bring to the economy, however, you are more likely to point to the fact that people have been predicting the death of oil for decades, yet demand continues to grow. Either way, investing in a company that stands to grow with the use of
EVs should be a no brainer.

I believe the time for panic is a long way off, but for energy investors, not hedging your bets with an investment that will pay off as that shift takes place would be stupid. Given the rate of growth in emerging markets it is quite possible that gasoline holds up even as battery power usage increases, but it still makes sense to look for a way to play a generalized rise in electric cars. One of the things that both EVs and…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin



Oilprice - The No. 1 Source for Oil & Energy News