General Trading Chat

stock72

Well-Known Member
:rofl::rofl: have u heard of tesla ?
Within 3 years elctric vehicles will start making 5 to 10 % of US market within a decade they will be 30 to 50 percent.

US will not wait till oil is going to be completely depleted from earth.
US is very aggressive in going for renewable energy projects.
China is also aggressive. India is doing too but very little.
Some of the European country are already 100% renewable.

These are the reason oil is going down because the future demand is bleak not because of present condition.(along with higher supply of course)
U completely missed the point ..now oil is surplus since last one year and it will remain so till shale production shuts down ..further added point is the electric vehicles ..the issue is US have to suffer the investment made in shale production ..
 

pareshR

Well-Known Member

bpr

Well-Known Member
U completely missed the point ..now oil is surplus since last one year and it will remain so till shale production shuts down ..further added point is the electric vehicles ..the issue is US have to suffer the investment made in shale production ..
Ok to that I think US will not protect the Oil companies and they will be left to fend for themselves.
 

Similar threads