• 3 minutes 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 6 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 11 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 14 minutes Democrats through impeachment process helped Trump go out of China deal conundrum. Now Trump can safely postpone deal till after November 2020 elections
  • 2 hours Shale Oil Fiasco
  • 19 hours Everything you think you know about economics is WRONG!
  • 1 day Global Debt Worries. How Will This End?
  • 16 hours Wallstreet's "acid test" for Democrat Presidential candidate to receive their financial support . . . Support "Carried Interest"
  • 33 mins Natural Gas
  • 3 hours USA v China. Which is 'best'?
  • 3 hours Joe Biden, his son Hunter Biden, Ukraine Oil & Gas exploration company Burisma, and 2020 U.S. election shenanigans
  • 1 day Judiciary impeachment: Congressman says Sean Misko, Abigail Grace and unnamed 3rd (Ciaramella) need to testify.
  • 2 days My interview on PDVSA Petrocaribe and corruption
  • 2 hours Aramco Raises $25.6B in World's Biggest IPO
  • 5 hours Winter Storms Hitting Continental US
  • 2 days Quotes from the Widowmaker
  • 1 day Tesla Launches Faster Third Generation Supercharger

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…




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