Will the Oil Industry Collapse in Less than a Decade?

As the engines of disruption continue in the form of automation, one trend I keep following is the coming changes to transportation. No, I don’t mean the fabled hyperloop (though I’m following that too). I’m thinking of electric vehicles.

Seth Miller over at an outfit called NewCo Shift hypothesizes that a major shakeup in the oil industry and our car culture is coming sooner than we might have thought — all based on replacing the internal combustion engine. You can compare his predictions with what the car companies themselves have predicted.

I’d say their predictions would place the collapse or restructuring would happen closer to the 2025 – 2030 timeframe, but it I’m wondering how many more cars any of us will individually own in the future.

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