Yesterday we had a long look at solar and battery power and how they affect the electricity sector. Today we extend the battery analysis to the oil sector and look at electric cars.
“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” Mark Twain
It seems that everyone in the oil industry “knows” that oil prices are going back to $75+ and that is what is priced into stocks – a 50%+ increase in the oil price. If that fails to come through, and excluding short-term price spikes I think it will, then look out below.