Is this the end of the Supermajors? A Fatal Blow to Big Oil and the Coming Shift.

is this the end of the supermajors covid 19s fatal blow to big oil

1900 to 2000 was truly oil’s century. But the future for oil looks grim as oil demand will peak around 2025-2026 and subsequently decline by as much as 50% by 2050. This year, oil demand came crashing to a halt as the global economy shut down due to the Covid-19 virus. Electric mobility is a death knell for crude oil demand. Electric passenger vehicles alone will represent at least 10 million barrels per day of lost crude oil demand. The supermajors have no choice – it’s either adapt or die. And at these critical junctures… there's serious money to be made if you know where to look. #oilcrisis #supermajors #investing 👉 Become a subscriber of Katusa's Resource Opportunities to receive Marin's groundbreaking report at the beginning of next month 👉 Download Marin’s FREE blueprint of his strategies of making money in the resource market with "Resource Market Millionaire" 👉 Subscribe to our YouTube Channel for more insights and interviews with industry leaders: Stay Connected! #finance #investing #marinkatusa #USD #katusaresearch #oil #oilceo #gold #oilprices #bp #shell #royaldutchshell #total #totalse #britishpetroleum #currency #usdollar #commodities Source :

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