Browsing the "Oil" Tag

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EVs Will Drive Oil Prices Down, Southridge Capital Argues

There is speculation in every direction surrounding the newly falling oil prices we are seeing. Is there a globally-minded motive behind OPEC maintaining its production levels despite the falling prices? Will North American oil companies have to cut back if this trend continues? What will happen if prices continue to fall dramatically? The most relevant question in this community is, how will the decrease in gas prices affect the electric vehicle market?

September 9th