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Old 06-17-2016, 07:15 PM   #2612
Enoch Root
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Join Date: May 2012
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Quote:
Originally Posted by _Q_ View Post
I don't think anyone has ever argued that we will never need oil. But as the world moves towards electrified transportation, demand for oil will drop off a cliff. Demand will still be there, but prices will be too low to be conducive of a robust Oil and Gas industry in North America.

I don't think that's happening just yet, but I think the next recovery in price will most likely be the last one before the big plunge.
I'll take that bet
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