Saudi Aramco has Good News for Elon Musk and Oil Companies

A long term threat to oil companies is electric cars. They’re coming fast and not just from Tesla, Seeking Alpha contributor Anton Wahlman calculated that 143 electric vehicles are scheduled to hit the roads by 2022.

The big year for electrics will be 2022 when 115 electric models are scheduled for rollout. Although there might not be market for those vehicles the biggest electric producer; Tesla Motors (NASDAQ: TSLA) has yet to sell 100,000 cars although that might happen this year.

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Meet the Peter the Great of Saudi Arabia

The must disruptive person in the Middle East is not an ISIS terrorist – instead it is Prince Mohammed bin Salman of Saudi Arabia. Prince Mohammed might disrupt his country in the same way Peter the Great transformed Russia.

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