Loss of value doesn’t mean the end of an industry. Just take a look at the late-1990s tech bubble. Nasdaq lost 75% of its value, but the number of internet users tripled. The same will be true of the oil business: Just because oil-company stocks are down doesn’t mean the world will stop using oil anytime soon.
SPEAKER(S):
Chuck Yates, Galactic Viceroy, Energy Analysis
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