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RE: My friend the oil and its dangerous future - Market Predictions
Automotive fuel is just one use case.
50% of the oil will be used for other purposes anyway despite electric cars.
Automotive fuel is just one use case.
50% of the oil will be used for other purposes anyway despite electric cars.
Right, but the future is getting closer and we have a criterion of logical investors, so we can interpret a thesis that supports a decrease in the level of use of oil and its valuation in the market.
Its true that oil has diverse and multiple uses outside the automotive scheme, but it is also necessary to know this to estimate its price, supply and demand.
You said:
My friend, I concern in the automotive area: