Over the past year, the share of Tesla, the manufacturer of electric cars, doubled about 7 times as a result of the increase in sales of its electric cars, which were very popular, which was accompanied by a significant decline in the shares of oil companies, led by Exon mobile, the giant of the oil industry in the world, and this was expected especially after Elon Musk's statement some time ago about his intention to destroy oil companies!

With this significant increase in electric car sales, global auto companies have tended to allocate huge sums from their budget to manufacture electric cars, until they exceeded 10 million cars in 2020 and they are constantly increasing, and it is expected that they will reach 140 million cars in 2030, and with this big trend towards cars. The electric question reverberates in our minds, will the oil industry in the world end? Will we not be forced to extract oil in the near future?

Cars and means of transportation represent about 70% of the consumption of petroleum and its derivatives around the world, so cutting cars off oil will be considered a death certificate for oil manufacturers, but on the other hand, this industry may not be completely finished, as we still use petroleum and its derivatives in power stations to obtain electricity However, even this area has become insecure with the world’s direction of clean energy, which has exceeded about 30% of the world's electricity consumption.

Personally, I think that in the near future, perhaps 20 years later, we may witness the death of the oil and petroleum industry completely, which may cause the collapse of the economies of many countries and companies around the world.

But on the other hand, there are those who see that this is a slave, and that even if we partially give up oil, we will not completely stop extracting and using oil, even at a moderate rate, and what do you think, how do you imagine that the oil industry will be affected in the near future ??

Special thanks to

@greenman
@yasu24
@trafalgar