Not any time soon, but earlier then your expectation 
about 2 or 3 years earlier if we’re lucky 2031.
Probably not, but will any thing be? What is zero? Does compensation count?
Solar and wind are efficient at producing electricity, but carbon is used in many other processes including petrochemicals Have you watched the Michael Moore documentary?
No, I wanted at first. But within a few days after release a lot of those posts mentioned above were posted. Not going to watch something which isn’t accurate.
Oil will always be needed, but IMO we will move away from it in the years to come to cleaner fuel solutions (battery, hydrogen). Not something for next 5 yrs. You have to think way ahead.
BP at their most extreme forecast see oil hitting 80$ a barrel for the next decade,this is worst case. Don’t get caught up in all the BS.
Oil might have hit it’s peak, I don’t think so, but even with this being the case the market is huge.
Next car I’ll be buying a merc petrol.
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Wind and Solar will be Useful in a energy mix. Hydrogen is a none starter because it comes from hydrocarbons Battery technology will be advantageous as storage of energy improves. We will be using gas and liquid fuels while it is economic to do so. At the moment oil is too low in price because of a drop in demand. Also production has been reduced by a lot of oil companies because of subsidies in fracking in the USA. I think we all agree though that oil companies aren`t going away and they are cheap to buy at the moment.
EV will cut emissions, but they won`t be the answer to cutting the demand for hydrocarbons over all
Oil majors are dinosaurs stocks, get with the times if you don’t want to go extinct. My opinion.
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Oil isn’t going anywhere for the foreseeable future. And companies like Shell also have a gas division. They’ll all survive. Not to mention their dividend is great.
Gosh guys, what is going on, RDS is just continuing to tank. Have we bought too early, waited to sell too late? It’s a silly price now IMO. Even the job cuts today (I know, I do have empathy for those who will lose their job) usually drives a price up due to cost saving but gosh it cant be going down 2% every single day of trading.
Meanwhile zoom goes up, market is a joke
I hope it will find support around the current point around the lowest point of the March crash and stabilize there.
If that won’t happen, we might be far from the bottom.
Surely when tourism isn’t restricted and enplanement increases as well as manufacturing this has to go up. Plus shell is focusing on gas now which expected to grow massively. Less dirtier than oil a nice little half way house.
It’s just on a depressing downward spiral!! Can’t figure it out.
No one’s flying, wait for numbers to increase.
Investing in it now is daunting but just step back and ask yourself is this really the end of oil, one event, I think not. Also when this turns as others have said it’s going to rocket.
It might not reach 20p mark again but even if it hits 17p I’d be happy.
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Guys, I started this thread and here is my position now, I have disposed of all my RDS shares - took a £3k hit! It’s continually going down 1-3% every day meanwhile I cant use my money on other opportunities. I should have sold them around 1075 but held on, they are now around 900. Lesson learned. Sometimes you have to take a hit and move on. My portfolio is now better balanced. Im in short term as I need my cash in a few months for a home improvement - so far I am well up so I can take this type of hit. Good luck everyone.
Make sense if your in it short term
Switched my duel fuel provider to Shell Energy this week. Came up as my top option on both switching sites I checked. Shape of things to come?
If Shell really are looking to grow the Shell Energy business quickly a low bid on the Big London Energy Switch reverse auction would be a good way to go potentially adding 10’s of 000’s of new users. Bids close today.
Gotta do what’s right for you.
It’s up nearly 3% today. My shares aren’t huge amounts (I’m too deep in GGP) but had to take a hit on genius brands a few weeks ago.
Made me feel better just not seeing it dragging down my portfolio…now I have oil dragging it down instead 
I’ll stick with shell and BP. Just ride the lows for the foreseeable. (Along with RR! 
)
I would stay clear of any oil major, instead use weakness in industry to secure cheap gas/oil midstream ie ENB, EPD, PBA.
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Ignoring the Covid dip, the Shell Descend started either on February or in April. Counting from April it took 6 months to hit it’s lowest point at the 2nd of October.
I expect the way back up to April 2020 levels (€15/€16) to take at least as long. Not a problem for me, but when I bought in I expected €20 in a year. Mabey i can get my average buy price down a bit. (currently €14,363)