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RE: Jim Cramer Sees Bankruptcies In The Oil Industry

in SteemLeo5 years ago

Dont believe the hype about Petrol....In the US alone, there are over 275M gas powered cars on the roads that are not going anywhere anytime soon. More than 70M were sold in the last 5 years, almost all gas powered. Hell, they are all still under financing.

The industry is going to die, but not anytime soon. It is going to take 15 years for it to all cycle out. China and Africa are actually going to be adding fossil fuel for the next few years. I dont see peak oil until about 2025-2027.

Posted via Steemleo

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