BlueDimeInvestment

Short Oil - Major resistance level - EV's will kill Oil business

Short
FX:USOIL   CFDs on Crude Oil (WTI)
Oil is about to drop, big! Weekly RSI showing major resistance at $61 - 62.

Electric vehicles will kill global oil industry by 2030.

Big Oil Is Getting Scared Of Electric Vehicles – And So It Should Be
"EVs are going to have the same disruptive consequences. Over a million EVs were sold in Europe in 2020, are projected to hit 585,375 in 2021 in the US, and sales are strong in China too. Companies and individuals with a lot invested in the traditional fossil fuel industries are now starting to react in typical fashion, by attempting to discredit what they perceive as a threat."

www.forbes.com/sites...and-so-it-should-be/
Comment:
FORD SAYS PASSENGER VEHICLES IN EUROPE WILL BE ALL-ELECTRIC OR PLUG-IN HYBRID BY MID-2026; MOVING TO ALL-ELECTRIC BY 2030

twitter.com/DeItaone.../1361978812951576581
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.