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Showing posts from December, 2018

EVs and the Coming Oil Glut?

The other day I read this article . The author, Ross Tessien seems to have created something of a stir.  His basic premise is that the demand for EVs has already quietly started a rapid journey to 100% adoption by 2026, we have not correctly interpreted the signs yet, and all of this will amount to a historically significant oil glut as early as 2023 (when everyone realizes oil is being massively overproduced). Here's a great, very friendly video explanation by the guys from "Now You Know". Be forewarned that all of their content seems to be heavily Tesla-centered and slightly fanatical, so they are likely to be more bullish on this hypothesis. Despite the fact that I more-or-less believe that this is the ultimate outcome, I think there are some factors that Tessien has not considered: "Gas Grab" - A subset of people who just want cheap transportation will be happy to buy and own their gas-powered cars when gas prices drop, causing a hesitation in