electric vehicles and the impending financial crash of BIG OIL - coming soon

[msongs]

short article in a petroleum industry related magazine says the death of BIG OIL is coming much sooner than anyone anticipated... time to shift your investment portfolio away from petroleum and into renewables.

http://priceofoil.org/2017/05/15/we-are-on-cusp-of-deepest-most-consequential-disruption-of-transportation-in-history/

[Ezior]

1. I wonder how Russia, Saudi Arabia etc. react to this

As I understand it, they are toast when oil profits are gone.

Russia still has nukes that could be used to attempt world wide extortion. But are they really that crazy? And Saudi Arabia will probably face a lot of problems, too.

[msongs]

2. there is a huge list of jobs that will be obsolete when electric takes over. oil change, anyone? nt

[democratisphere]

3. I believe the crash of big oil is still a long way off. Batteries are not replacing fossil

fuel engines anytime soon. Everything under the sun is made from plastic or includes a lot of plastic so big oil is here to stay for the foreseeable future.

[TheBlackAdder]

4. You know something us up with oil, when they advertise investments in oil wells, shares of companies

.

They are looking to profit off of the poorly informed people who are sold on the idea of owning an oil well, with its perpetual income stream, for as little as $10-30K investments.


It's almost like those gyms that have $1K a year memberships slowly lowering them down, until they get to $75 a year. They are just looking to get the final grab of cash before they lock the doors without any notice.

.