By David Fessler It would seem that electric vehicles are taking over from internal combustion engine (ICE) vehicles at the right time. Or should I say, just in time?
Whether you invest in oil and gas or drive an ICE vehicle, you should pay close attention to this trend. I’m talking about the big decline in conventional oil and gas discoveries.
Over the last three years, new oil discoveries hit a 70-year low, according to an IHS Markit report. And there is no indication there is going to be any kind of rebound.
The lack of discoveries is a direct result of a pullback in wildcat …read more
