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Matthias Knab, Opalesque:

Chris MacIntosh writes on Harvest Exchange:

"We are on the cusp of one of the fastest, deepest, most consequential disruptions of transportation in history."

So says Stanford University economist Tony Seba in a detailed report.

The report paints a pretty grim picture for oil bulls, and an even grimmer one for one horse economies such as that of the Saudis, who without oil under their sandals would be largely indistinguishable from the typical inhabitants of downtown Detroit - living in abandoned houses littered with empty cans of Vienna sausages, old beer cans, used needles, and rags stained with things best not mentioned in polite conversation.

"We are on the cusp of one of the fastest, deepest, most consequential disruptions of transportation in history. By 2030, within 10 years of regulatory approval of autonomous vehicles (AVs), 95% of U.S. passenger miles traveled will be served by on-demand autonomous electric vehicles owned by eets, not individuals, in a new business model we call "transport- as-a-service" (TaaS).

The TaaS disruption will have enormous implications across the transportation and oil industries, decimating entire portions of their value chains, causing oil demand and prices to plummet, and destroying trillions of dollars in investor value - but also creating tri......................

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