A terminal price decline in oil is inevitable. Trends in EV cost, ICE efficiency, and driverless cars will cripple oil demand. The price decline we have seen with coal — a commodity that continues to see minor demand growth — will pale in comparison to the price drop coming for oil. Investors should liquidate their connection to oil producers before the end of the current decade. A little over a year ago, I put my thoughts together on why I think we will reach peak oil demand soon — and the effects that will have on commodity prices. A Terminal Decline Peak oil supply or demand has long been a topic of discussion in commodities. In the past year, we have seen new information and a continuation of existing trends that have removed any doubts from my mind. Investing in oil companies today would only be a smart […]