Big oil will likely make enormous profit before they slowly (very slowly) become part of history. High oil demand will be required for decades even under the most aggressive EV adoption curves. Factor that with very limited supply development over the last 10 years and the price of oil will rise very high, potentially at the back end of this declade. I think ultimately this will likely accelerate the adoption of EV, but big oil will have plenty of money to decide on their future.
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