Comments by "David Elliott" (@davidelliott5843) on "Is This the End For Big Oil?" video.

  1. Another trend that’s perhaps a bit late to the table is new low cost nuclear. There are fully engineered designs ready to go that are working through the regulatory homologation processes. Moltex is probably at the front with a plant fuelled by high level nuclear waste. They make power while solving a radioactive storage problem. Their costs for a built on site plant are many times cheaper than standard nukes and will undercut natural gas. Factory built modules will be cheaper than coal. Clean reliable power, cheaper than coal will put it out of business. It’s also zero CO2 so the green warriors can’t complain. It’s cheap so electric cars won’t cost a fortune to fuel.
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  2. The writing is on the wall for big oil. But they’ll bounce back. For a while. However when electric cars really take off the same will happen again. Only by then it will be permanent. As electric cars become more affordable, people will put off changing their cars. New ICE car prices will tumble while used cars will hold up in value. Then when electric cars become affordable to all, the value of used ICE cars will collapse and sellers of new new ICE cars will go broke. This could happen by 2025 but it depends how fast electrics become affordable.
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