Are Electric Cars A Threat To The Oil Industry?
Paradigm shifts happen throughout human evolution, are we experiencing just such a case in the automobile marketplace and Energy space? Additional technological breakthroughs are necessary for a knockout punch against the Oil Market.
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I hope they aren't. The disruption, economically, would be catastrophic. You think we are stuck in negative rates and negative bonds now. Wait til oil is destroyed as an industry. Also, likely world war could be the result. Musk has also said, twice, that manually driven cars should be banned. So, electric cars are a vehicle, so to speak, for the introduction of the self driving car. That is a danger to the freedom of all of us.
You have a fascinating take on Lithium scarcity.