Oil peaking in 2020?, page-98

Let's sum this up....

IMO - Yes Electric cars will eventually take a good chunk of market share, particularly in China and the USA, but we are a long way from this happening. I am invested in Lithium myself as well as 88E.

88E are not going to be affected by it. On success we are going to be long gone within 2 years. Electric vehicles won't start having an obvious impact on oil consumption until 5 years from now at the earliest, probably more like 10 years.

Are there signs oil companies are panicking about electric vehicles - no they are doing further exploration, and buying up proven acreage for large sums.

If 88E has success are oil companies within the next 1-2 years going to say to DW and PB - "Electric cars are coming - the oil industry is doomed, we will only offer you $2 an acre"....

No - they are going to be offering us $billions$.

I'd be concerned if we were well into the era of Electric vehicles, but we are know-where near yet. I've seen 1 Tesla in the UK. Electric Vehicles are not suddenly going to take off here anytime soon. With current charging times it will be a mega pain in the butt for us Poms to charge an EV when our houses are the size of a Hamster Cage and we have barely any room to park cars on our driveways - if we even have one.