The Thing About Oil

This topic gets tiring because I keep posting about it and people just think I'm crazy. Before Christmas, oil was anticipated to hit $500 a barrel, in February estimates were $200; Bloomberg just wrote about Goldman Sach's anticipating $110 oil barrels, this year. The issue isn't oil demand collapse or too much of it around; the market has changed. Immediately, because of electric cars. Electric cars do not need an energy; some brands will need charging, but brands like Aptera can self-charge, for as long as 7 months, and this is the new reality oil companies don't want considered. Believe it or not, oil companies came up with climate change as a way of controlling the market focus on cars that needed oil rather than the idea to an alternative energy. Remember the film 'Who Killed the Electric Car?' Oil companies did.Car companies knew this was coming hence the development of subscription services for radios, heating. Heck, even offerring services to drive. Without a service to offer, oil companies cannot survive. If no one needs oil, why should fossil fuel companies exist? It's interesting to listen to the rhetoric about Taiwan and what China or the US is up to. China has 10 big EV companies, a network of electric trains, a substantial charging network. Taiwan is the world's largest semi-conductor maker (needed for electric vehicles) and has 1 large, domestic EV maker, so far. While the US has some, it is falling behind in the development of EV vehicles. Common sense, if you think about it, China, Taiwan, North and South Korea, most of Asia, invest in education. Actually, everybody else does--Africa, India. The Americans, just don't. While there are all kinds of justifications of why Americans are dumbed down, the consequent result is fewer Doctors, Writers, Scientists and Engineers. There are just fewer smart, American people around, and less of each apt to choose to develop a business, or develop skills likely to be beneficial to a business. I am not saying Americans are stupid, just ignorant. So, smart enough to know everyone else is smarter. And, that takes on exponential effects when demographics are added to the mix. There are just more Asians, Africans, Indians than Americans. Anyhow, more everybody else just means more of them are developing electric cars for the simple reason, oil cars, internal combustion engines, are too expensive. Car companies can handle change; fossil fuel companies cannot. It's so weird to argue the fact that the oil market is getting smaller, but that's what is happening. And, I don't think the oil companies like it. And everyone else is paying for their fury.