Re:Wherever oil goes, the stock market goes
by erikpukinskis on Tuesday February 16, 2016 @04:00AM
(#11108649)
I was just thinking, if we really do stop using oil for transportation, that means at this point there's probably a fixed number of barrels that are going to get sold, period. That's going to become cash, and the rest of everyone's oil is going to stay in the ground. Well, there will always be a market, it'll just be fundamentally smaller potatoes.
But so if there's only so many barrels of oil going to be sold, then at this point it really is an all-out scrap for market share. Maybe Saudi Arabia is aiming to just to divest themselves of the majority of their reserves while volumes like that can still be moved at all, i.e., over the next 20-50 years.
If this is a 20 year game then it's time for bold moves.
But so if there's only so many barrels of oil going to be sold, then at this point it really is an all-out scrap for market share. Maybe Saudi Arabia is aiming to just to divest themselves of the majority of their reserves while volumes like that can still be moved at all, i.e., over the next 20-50 years.
If this is a 20 year game then it's time for bold moves.