General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forumselectric vehicles and the impending financial crash of BIG OIL - coming soon
short article in a petroleum industry related magazine says the death of BIG OIL is coming much sooner than anyone anticipated... time to shift your investment portfolio away from petroleum and into renewables.
http://priceofoil.org/2017/05/15/we-are-on-cusp-of-deepest-most-consequential-disruption-of-transportation-in-history/
Ezior
(505 posts)As I understand it, they are toast when oil profits are gone.
Russia still has nukes that could be used to attempt world wide extortion. But are they really that crazy? And Saudi Arabia will probably face a lot of problems, too.
msongs
(67,405 posts)democratisphere
(17,235 posts)fuel engines anytime soon. Everything under the sun is made from plastic or includes a lot of plastic so big oil is here to stay for the foreseeable future.
TheBlackAdder
(28,189 posts).
They are looking to profit off of the poorly informed people who are sold on the idea of owning an oil well, with its perpetual income stream, for as little as $10-30K investments.
It's almost like those gyms that have $1K a year memberships slowly lowering them down, until they get to $75 a year. They are just looking to get the final grab of cash before they lock the doors without any notice.
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