13 Threats to Oil Companies
Expect to see a vast amount of consolidation and centralization in oil in the near future. This means that a lot less money will be made and many investors will abandon oil stocks completely in the years ahead.
Read MoreIn individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Expect to see a vast amount of consolidation and centralization in oil in the near future. This means that a lot less money will be made and many investors will abandon oil stocks completely in the years ahead.
Read MoreThe oil industry will survive the coming of Hyperloop and electric cars; but it will look nothing like the one we have known. Instead it will be smaller and only a few companies in it will make money. Smart investors will stay out of oil for the foreseeable future, unless they are looking for something to short.
Read MoreMy prediction is that battery-powered electrics will only win if larger car makers try to commercialize them. One has to wonder which of these technologies will end up alongside the Stanley Steamer as a footnote in automotive history.
Read MoreThat means GM will have to get the base price of an electric vehicle down to around $25,000 to be competitive in the ridesharing market. If it did that, General Motors could become the market leader based on fuel economy alone.
Read MoreThe Mirai, which will go on sale in the U.S. next year, will cost between $57,500 and $69,000 depending on the news source you believe, which is quite a bit cheaper than Tesla, where prices start at $101,000. It sounds as if Toyota’s no-emission vehicle is already cheaper than Tesla’s, and it could get cheaper.
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