1. Long term bearish trend for oil price remained intact.
2. In early day most technology gurus have underestimated the adoption rate for iPhone and its ability to make the voice phone (Nokia, Motorola) obsoleted overnight.
3. Many oil pundits have underestimated the adoption rate for Tesla and its ability to make fossil-fuel vehicles outmoded overnight.
4. The demand for oil will taper off at faster rate than anyone expected as the technology for EV battery and fossil-fuel have reached parity in 2020 and 2021 onwards the cost of EV battery will be reduced at exponential rate.
5. This is not an advice for buy or sell as only time can tell this analysis is true or false.
6. Have a safe journey :)
2. In early day most technology gurus have underestimated the adoption rate for iPhone and its ability to make the voice phone (Nokia, Motorola) obsoleted overnight.
3. Many oil pundits have underestimated the adoption rate for Tesla and its ability to make fossil-fuel vehicles outmoded overnight.
4. The demand for oil will taper off at faster rate than anyone expected as the technology for EV battery and fossil-fuel have reached parity in 2020 and 2021 onwards the cost of EV battery will be reduced at exponential rate.
5. This is not an advice for buy or sell as only time can tell this analysis is true or false.
6. Have a safe journey :)
