- Saudi Arabia, the world's biggest oil exporter is looking towards alternative solar energy to harvest electricity. (http://www.pv-tech.org/news/saudi_arabias_first_pv_inverter_manufacturing_line_opens_to_meet_local_cont)
- Tesla successfully developed electric cars
- China building more charging facilities (http://www.chinadaily.com.cn/business/tech/2015-09/11/content_21842535.htm)
- Reputable investors like Warren Buffett and George Soros are dumping oil stocks (http://www.bloomberg.com/news/articles/2015-08-14/billionaire-soros-sells-most-of-alibaba-reduces-its-oil-stocks)(http://www.fool.com/investing/general/2015/08/23/why-did-warren-buffett-sell-700-million-in-oil-sto.aspx)
Wednesday, September 16, 2015
Future of oil price uncertain
Threat to oil price may occur in small occurrences but can get bigger as electric cars and solar energy are becoming more widespread:
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