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Big Oil Already Planning Ahead For Its Demise


The end of the Oil Age is within sight. Everyone who follows the news should be able to see this by now, although people have vastly different ideas about the timeline. People also disagree about whether it's good or bad news – greenies see a brave new energy economy, while those whose livelihoods lie in the oil industry are more likely to characterize the coming shift as a historic tragedy that needs to be delayed as long as possible.

Consultancies, investment analysts and think tanks around the world produce a constant stream of predictions about the future impact of new technologies on the auto and oil industries. Despite the pundits' painstaking perusal of primary sources, including economic data and interviews with industry insiders, their conclusions do not agree, to say the least.

*This article comes to us courtesy of Evannex (which also makes aftermarket Tesla accessories). Authored by Charles Morris.

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