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Arnold Van Den Berg - A Must Listen Life, and Investing, Discussion

The Business Brew

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Is the Oil Industry Going Away?

Fossil fuel is not going to be replaced through electric vehicles. The depletion in the oil wells goes down five million barrel a day every year. If you buy im at a level where oil has to be produced, it costs about 35 to forty dollars a barrel. So when oil goes below that, what happens? Companies are not going to produce oil if they lose money. And so we made the bet on the fact that we newals weren't going to place falsi fus some of the companies in the oil would survive. I believe we're going to have a shortage in fossil field in the next few years.

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