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The market always prices in future utility (as best predicted), not present. The same with future non-utility - oil price is dropping because everybody knows t
by 21 9y ago
The market always prices in future utility (as best predicted), not present.
The same with future non-utility - oil price is dropping because everybody knows that Saudi (and the rest) sit atop a sea of oil which is not as needed anymore (solar, electric cars, ...)
- tom_mellior 9y ago> oil price is dropping Except that it isn't, really. Looking at the data at http://www.wolframalpha.com/input/?i=oil+price http://www.wolframalpha.com/input/?i=oil+price , it has been fairly constant over the last two years. It did go down by 50% over the second half of 2014 but hasn't made dramatic moves since. If Tesla hype had anything to do with the oil price, it should have moved.