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Another Oil Crash Is Coming, and There May Be No Recovery

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Investing in the Digital Transformation › Forums › Research › Another Oil Crash Is Coming, and There May Be No Recovery

  • This topic has 0 replies, 1 voice, and was last updated 6 years, 5 months ago by pc_admin.
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  • February 24, 2016 at 2:38 pm #1306
    pc_admin
    Keymaster

    It’s time for oil investors to start taking electric cars seriously.

    In the next two years, Tesla and Chevy plan to start selling electric cars with a range of more than 200 miles priced in the $30,000 range. Ford is investing billions, Volkswagen is investing billions, and Nissan and BMW are investing billions. Nearly every major carmaker—as well as Apple and Google—is working on the next generation of plug-in cars.

    http://www.bloomberg.com/news/articles/2016-02-24/another-oil-crash-is-coming-and-there-may-be-no-recovery

     

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