
Wood Sees Big Impact From Musk's Twitter Stake
Bloomberg Businessweek
00:00
The Energy Conversation Has Pivoted Very Quickly as Well
i feel like the energy conversation has pivoted very quickly as well. Many people have focused on my very long term oil price. But i believe this price increase is destroying demand. You're seeing substitution. I see a lot more scooters and bikes around here, for example. And you're also seeing a shift, now, accelerated shift, towards electric vehicles. China may have coal as the biggest part of its electric generation, but it's not oil. So i have a feeling we're going to be shocked at how much the demand for oil under performs expectation.
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