Short Oil - Major resistance level - EV's will kill Oil business
Updated
Oil is about to drop, big! Weekly RSI showing major resistance at $61 - 62.
Electric vehicles will kill global oil industry by 2030.
Big Oil Is Getting Scared Of Electric Vehicles – And So It Should Be
"EVs are going to have the same disruptive consequences. Over a million EVs were sold in Europe in 2020, are projected to hit 585,375 in 2021 in the US, and sales are strong in China too. Companies and individuals with a lot invested in the traditional fossil fuel industries are now starting to react in typical fashion, by attempting to discredit what they perceive as a threat."
forbes.com/sites/jamesmorris/2021/01/02/big-oil-is-getting-scared-of-electric-vehicles--and-so-it-should-be/
Electric vehicles will kill global oil industry by 2030.
Big Oil Is Getting Scared Of Electric Vehicles – And So It Should Be
"EVs are going to have the same disruptive consequences. Over a million EVs were sold in Europe in 2020, are projected to hit 585,375 in 2021 in the US, and sales are strong in China too. Companies and individuals with a lot invested in the traditional fossil fuel industries are now starting to react in typical fashion, by attempting to discredit what they perceive as a threat."
forbes.com/sites/jamesmorris/2021/01/02/big-oil-is-getting-scared-of-electric-vehicles--and-so-it-should-be/
Comment
FORD SAYS PASSENGER VEHICLES IN EUROPE WILL BE ALL-ELECTRIC OR PLUG-IN HYBRID BY MID-2026; MOVING TO ALL-ELECTRIC BY 2030twitter.com/DeItaone/status/1361978812951576581
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