Oil is done, it will have pops but that cat isn’t getting back in the bag. Oil is today’s cigarettes, twenty years ago you would never think cigarette sales domestically would decline but they have the same elements but oil is worse.
1. Oil and cigarettes are bad for you
2. The manufacturers of both are demonized
3. We don’t actually need either we just want both
4. But only oil funds terrorists and transfers wealth out of the country. quitting smoking isn’t patriotic but quitting oil is.
This country makes turns like a aircraft carrier not a pt boat, but it does turn and it is turning against oil. Public opinion has turned, technology is on it’s heels. The tesla and other startups may fail and the prius was just a novel start but the auto industry is heading to entirely oil free because that is what the customers want, in 18 months the volt should arrive from chevy and others will follow, they will keep improving, faster and faster, with each car, oil loses more and the countries that rely on it have no choice but to keep pumping. In ten years cars wont run on gas and much of our electricity is being shifted away from oil (southern california edison claims it’s oil free, they really aren’t since they buy electricity but they are making huge strides not just publicity stunts).
We are the #1 oil consumer and we have decided we don’t like it and are concentrating our efforts to get away from it. Name an expanding business where your customers are spending time and money to not be customers.
