Oil Breaking Out, But the Money Is Elsewhere
One resource industry dwarfs the rest of them put together: energy.
The mega-shift of the 21st century is urbanization. For the first time in human history, more people live in cities than in rural areas. The consequences of this pivotal moment are attracting billionaire moguls across the globe, and they are all looking for a profit center to attach themselves to.
In terms of fuel for cars, gasoline, made up of oil, accounts for the overwhelming majority of existing consumption, but this is changing dramatically because of the hyper-growth of electric vehicles on our roads…