With oil prices under $50 a barrel and younger consumers' preference for electric and self-driving vehicles, will Oil and related stocks ever make investors money? I doubt that the global heating/cooling systems are going to move completely off of fossil fuels in the next century. Is that where Oil and Coal investors should go next? Discuss.
Oil, Coal, and Nat Gas will remain our primary means of energy production for a LONG time to come. Probably the next hundred years, I'd guess. Really, Nuclear is the only viable replacement right now, from a technology perspective. Right now, Electric powered cars are really oil or coal powered cars (the electricity to charge the car probably didn't come from solar or wind). So, as long as people keep demanding oil, there is profit to be made trading it (and the companies who produce it). You might have to get more creative than buy and hold, however. Volatility could make or break you. Just my opnion.
Oil will stay here for the next 50-60 years, that's for sure. So you have nothing to worry about, except the amount of consumed oil should start decreasing after 2025.
Wealthy investors globally are underwater on their oil investments, depending on when they purchased those shares. Reminds me of the housing crises and how those who hadn't panicked and had kept up with their mortgages would have been just fine today.
Oil will be staying for sure but its importance is in decline. Oil will be around 100 years from now but its importance will be very different.
I blame the radical leftist teachers and professors in our public schools and colleges who are churning out generation after generation of very liberal young folks who believe in dogmatic ideas instead of pragmatism and work. They're all a bunch of hypocrite elitists who don't want to admit that what powers their Teslas, Priuses and comfy homes is nothing but dirty coal and oil.
https://en.wikipedia.org/wiki/Aviation_biofuel US Marine AV-8B Harrier test flight using a 50-50 biofuel blend in 2011.
Yes; because electric cars work well on a kids slot car track. Nat gas may uptrend eventually LOL, in price + volume.Looks like XOM does better than BP [NOT a prediction]
XOM is to wealthy investors what TSLA is to young naive gamblers. Well I can tell you that my friends and their wives are very happy with their Yukons, Suburbans and F-450 King Ranches.
Perhaps, but I am assuming that this is based on the idea that older cars that consume higher rates of fuel will be off the road and will be replaced with more efficient cars, hybrids and electric cars. This will be true in the U.S., Canada and Europe.... But.....the middle class is rising in China, India, Asia and other parts of the developing world. After the rising middle class buy a home, eat better food and buy a few new clothes they want a new car. Hybrids and Electric cars are more expensive than a standard gas engine. So they will buy a gas or diesel car. Whatever improvements we make in the West will be offset by gains made elsewhere around the world. Just my personal observations.............