@JohnArnoldFndtn Respectfully, do you still hold the views you expressed here?
https://www.cnbc.com/2017/10/20/john-arnold-says-autonomous-vehicles-are-terribly-bearish-for-oil.html …
1. EVs are experiencing linear adoption.
2. Autonomous vehicles seem increasingly far away.
3. Renewable electricity doesn't seem inexpensive.
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I don't know shit about this but... All this could be quite bullish for the price of oil.
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another issue with renewables is you can't really scale them up to support large countries. if i was a country leader i would make a bet in developing nuclear technology and make huge returns in a few decades when 100s of millions of people can't breathe and demand electricity
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Gotta be mindful of the risks of nuclear, but I agree...unless you have ample hydroelectric (which scales pretty well I think?).
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