Oil revenues halve by 2030, stock and debt markets to crash

Oil company leaders clearly MUST be able to calculate how rapidly EVs are taking off and what this means to their future revenue and values and yet they persist in public documents suggesting that by 2050 60% of the oil used today will still be in use. These leaders MUST know that this is impossible from the uptake rate of battery electric vehicles, which essentially means that they are lying to their shareholders – one constituency that US law in particular is dead set against. If the conclusions of this article are correct, and play out as we state, then many oil leaders will risking imprisonment and huge corporate fines worth more than the value of their companies right now.…