Investing colleagues!
Anyone would recommend taking advantage of the possibilities in question at the price of oil, but friends, let's be honest. How many more years will we swallow the lie of oil as an essential mineral? we are in a duel against THE FUTURE, I warn you all "war warned does not kill soldiers".
The power of the oil has the days counted. Each time the production of electric cars and new renewable technologies free of polluting agents are being born and presenting a better approach in the market (consumption, utility, economy).
Already many theorists or market experts have warned the next years of Mr. oil, resulting in a survival instinct within the finances.
The second world war culminated in the year 1945, have passed a number of novel facts that revolutionized the commercial industry, which also establishes new criteria of purchase, new means of supply and demand.
How many years of life does oil have left? It is a truly significant question, but also, very relative, I do not mean an exact forecast in dates and calculations, because nothing is entirely true, however, judging technological and automotive growth, the new world is free of oil, just that, with a greater energetic-electric expenditure.
Much of Europe has innovated in electric cars, it is a fairly coherent idea, knowing the problems that some non-renewable minerals bring in their extraction, exploitation and refining process, there are even places where electric cars dominate the market.
The oil boom of past years...
It was a Geopolitical event that involved many countries and produced the commercial increase of the oil barrel, this did not mean that the economy would always be supporting the oil industry. At present there has been a recent growth in its price value due to international tensions, also, there is a weakening in the sales outlook.
What will happen to OPEP?
The organization of oil exporting countries (OPEC) will continue to work, only reducing its prices to historic points.
NEWS:
https://canal7slp.tv/2019/en-dos-anos-gama-de-autos-electricos-e-hibridos-en-europa-se-triplicara/
https://expansion.mx/empresas/2019/07/19/toyota-desarrollara-autos-electricos-con-la-china-byd
Automotive fuel is just one use case.
50% of the oil will be used for other purposes anyway despite electric cars.
Right, but the future is getting closer and we have a criterion of logical investors, so we can interpret a thesis that supports a decrease in the level of use of oil and its valuation in the market.
Its true that oil has diverse and multiple uses outside the automotive scheme, but it is also necessary to know this to estimate its price, supply and demand.
You said:
My friend, I concern in the automotive area: