justvisiting
Member
You think EVs will have a 50% market share in 2023 + 2-4 years? that is 7-9 years from now!!!! there is absolutely no way on earth that this will happen. Zero percent. If you happen to be a betting man (if this is not allowed on this site im sorry) i would like to do a little side bet with you on that.That's a good 2-4 years before the 50% global EV marketshare timeline. You think shrinking diesel, overall efficiency and China's domestic policy can move the market that quickly?
In my mind 2023 is more similar to what 2014/15 was for coal. Demand hadn't peaked, but reality had set in and investors flee like mad. If that happens with oil, the global economic crash to follow does the rest. Certainly the oil and gas world is leveraged far beyond coal.
I'd really like to see this thread move toward analyzing how leveraged the global fossil world is and how that will impact the oil endgame. In the US all utilities are basically piles of debt and most fossil operations seem like they're leveraged enough to bring about a massive crash beyond what we saw with housing derivatives.
We've nearly gotten to the point where shorting this can be timed with existing traditional market products, no? How do we not have a TMC Peak Oil ETF yet?
Also how long have you been telling yourself that the oil price is artificially inflated? since 25$? 40$? 60$? And how long will you keep doing it?