Holloman will expand into new sectors as they did in 1998. Oil is also going to recover and be in demand for decades until mass conversion to electric and other alternative energies are completed.
Tens of thousands of gas stations will require conversion. Millions of electric cars will need to be manufactured and purchased.
This will take many years and big oil is going to adapt and survive just as big tobacco is currently investing in cannabis.
Think of how high demand for oil will be when the coronavirus quarantines are lifted and everybody begins to commute again. Gas prices will flirt with $3/gallon or more.
I work for Cumberland Farms, so I know a thing or two about gasoline sales. If your outlook is that bleak, sell me all of your shares.
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