- the source for market opinions


November 12, 2019 | Schork: EVs on the Road Represent ‘Oil Demand that is Never Coming Back’

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:

Of the 96 million barrels of oil consumed globally each day in 2018, 62% was used for transportation, and that majority percentage is under assault.

Stephen Schork, president at Schork Group, discusses his skepticism about the upcoming initial public offering for Saudi Aramco as the world has shifted away from an oil economy. Here is a direct video link.

“Every time you see a Tesla, Prius or other hybrid out on the road, that is oil demand that is never coming back.”

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the Weekly Recap.

November 12th, 2019

Posted In: Juggling Dynamite

Post a Comment:

Your email address will not be published. Required fields are marked *

All Comments are moderated before appearing on the site


This site uses Akismet to reduce spam. Learn how your comment data is processed.