No not only is oil production at historic highes, my theory is the US, Chinese and other foreign governments will start pushing electric vehicles hard. With tech adoption being extreme high unlike the past this adoption curve may take less than 5 years to get huge shares.

If you look at the US for example for the first time in 30 years. They've been oil reserves. Oil they save for nation security to turn it into profit before it's worthless.

It makes sense for China, the US, and europe to go electric since they have very little oil. It's a national security thing is what my guess is.