Oil prices will need to trade at $9 to $10 per barrel in long run for gasoline to compete with electric vehicles #EVs & #renewableenergy.
BNP Paribas report warned crude oil is facing an existential & likely mortal threat from renewable energy & EVs.https://oilprice.com/Energy/Oil-Prices/The-Threat-That-Will-Send-Oil-Down-To-10.html …
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inevitable. Just how soon is the real question.