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

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