When I heard the news, it made me bearish on oil long term. Not saying oil can't go up short term but long term doesn't look good.
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When I heard the news, it made me bearish on oil long term. Not saying oil can't go up short term but long term doesn't look good.
I do not believe EVs are going to have a huge impact on #oil. The energy needs in the future are going to keep growing and even the IEA expects fossil fuel to skyrocket in demand between now and the 2040s along with renewables.