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CHKDG - My Capitulation And Confessions On Oil Stocks
Chesapeake Energy Corp. 5% Pfd Conv
If something is too hard, we move on to something else. What could be simpler than that?” - Charlie Munger
We are well into the "run out" period for the oil industry now. EVs are coming fast and furious within four or five years. Hydrogen is uniquely positioned for heavy vehicles. There's technology to replace many petrochemicals in the coming decades. Almost everything that uses oil is becoming more efficient.
I posted this chart a couple years ago and I'm now convinced it's not reflecting the impending collapse of oil demand well enough.