Flashback to Cathie Wood in 2020: "I believe that Oil prices are on their way back to $12, now that EV's are taking off"
Oil demand probably hit a secular peak last year and, thanks to #EV's, now is in secular "decline".
From her tweet on 2020 07-15
"EV's" was the biggest sham in 2020-2021. Yes they are coming, no oil will be never be taken over when disaster strikes as we are seeing unfold or demand is high.
$ARK Next Generation Internet ETF(ARKW.US$ $Ark Restaurants(ARKR.US$ $Tesla(TSLA.US$ $Ford Motor(F.US$ $Lucid Group(LCID.US$ $NIO Inc(NIO.US$ $XPeng(XPEV.US$ $Rivian Automotive(RIVN.US$
$ARK Next Generation Internet ETF(ARKW.US$ $Ark Restaurants(ARKR.US$ $Tesla(TSLA.US$ $Ford Motor(F.US$ $Lucid Group(LCID.US$ $NIO Inc(NIO.US$ $XPeng(XPEV.US$ $Rivian Automotive(RIVN.US$
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财神到发啊 : Btw electricity also use oil. Oil cannot escape
bobbyus : Oil will still be there, but the ev evolution has begun since 2020
cash cow 888 财神到发啊: Depends on which country and how the plant generates the electricity. There are Nuclear plants, coal plants, LNG plants and solar plants.
TRIUMPHANT RETURNS : mama cathie is always saying things that are vastly opposite of reality...be it her meme stocks , now oil that is breaching new highs, she must b SMOKIN some gd stuff.
ClydePeternuts : continue to be optimistic
alsmoov 财神到发啊: aha?
RDK79 : … have to remember wars are sometimes hard to predict, no matter how much diplomacy is attempted :(