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-0.000225936854762915 0.00111544455607668 0.00740212171794267 0.00834843007111939 0.0103870829938214 0.0149255974748234 0.0140735876968838 0.0250978189498998
Stock impact report

How Big Oil’s COVID-19 Near-Death Experience May Be A Preview Of The Industry’s Ultimate Demise [Forbes]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Company Research Source: Forbes
Saudi Minister Khalid al-Falih speaks to the press during a one-day OPEC+ group meeting... [+]in the Saudi city of Jeddah on May 19, 2019. (Photo AMER HILABI)AFP via Getty ImagesDespite the new agreement on production cuts by OPEC+, Russia, Mexico and the G20,electricity is ultimately going to win the energy war. It was expected to happen over a series of battles that played out over decades, but over the last month, Big Oil has endured a fast-forward horror show of that future condensed into a few weeks unlike any other.The general economic conclusion remains that at some future point, the oil industry - and the broader fossil fuel energy sector - is going to undergo a permanent decline into something much smaller than it is today, likely from the steady rise of renewables, decreased demand from the expanding electrification of transportation, thesteady march of legislationWhat just happened?A near-perfect storm consisting of the sudden collapse of an output agreement that appeared Show less Read more
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