> The world will be majority electric in probably 30 years... If we're lucky. Whether the world is "majority" electric or not won't help the economies of these

> The world will be majority electric in probably 30 years... If we're lucky. Whether the world is "majority" electric or not won't help the economies of these countries. One way or the other, demand for oil is on decline that is destroying the price of oil. All these countries that depend on fat oil profit margins are going to suffer as their margins decline to zero. In a few places, players are already dropping as margins for oil production have gone negative. (The cost to pump is greater than the price of crude) There are big surpluses now, even while electric cars are still a small percentage of vehicles sold as the mix shifts to electric, demand and prices of oil drop.