Oil for ICE is about 50% of demand.
EV penetration is about 2% with about 50% growth PA. ICE motor vehicle is about 10% growth rate PA. At those rates there is still more demand to come.
It comes down to 2% @ 50% v 98% @ 10% fighting for the market going forward. While I don't think EV will maintain 50% PA growth throughout it's rise using it anyway I think you are about 10-15 years too early.
I do believe in the evolution of EV and batteries however at a more realistic rate.
IMHO DYOR
Ann: Santos announces non-cash impairment, page-10
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add STO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.82 |
Change
0.010(0.13%) |
Mkt cap ! $25.39B | |||
| Open | High | Low | Value | Volume |
| $7.79 | $7.83 | $7.74 | $28.85M | 3.701M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3319 | $7.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.82 | 46227 | 2 |
View Market Depth
| Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
| STO (ASX) Chart |