In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
One problem is that new technologies are often around for a long time before they achieve mass adoption. For example, television appeared in the 1920s, yet it was not available in some countries until the 1970s.
The 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.
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