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Friday, February 23, 2018 6:10:35 PM
Certainly EV is and will continue I gain market share. It’s real ability to replace increased oil based auto demand would depend on ability to increase infrastructure, access to rare earth minerals, tax credits (Tesla just lost theirs) and access to power sources without over restraining the grid.
Of course with growing annual oil demand the real question now is when will global reservoir declines set in from under investment. That will send prices into hockey stick swing.
I am bullish EV and have exposure but don’t see any real impact to oil price demand.
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