Seeking Alpha author Kirk Spano joins Cheddar to discuss his view on the electric vehicle industry and how it relates to the demand for oil. He talks about fracking and the "peak" of the oil plateau.
Spano suggests that fracking is done accelerating and will most likely only produce 10-11 million barrels a day moving forward.
He believes the takeover of electric vehicles may not happen as soon as people expect. He doesn't see families giving up their cars and dropping everything to go electric. He predicts 1 billion EVs will hit the road by 2040. Additionally, Spano believes oil prices will rise a bit and worries that war may drive up the demand.
YouTube is working to ensure that fake news surrounding COVID-19 vaccines, or any other vaccine, is removed from the platform. The media giant has begun wiping videos related to conspiracies, vaccine testimonies, and other content that says approved vaccines are dangerous.
Payment processing platform Square is partnering with TikTok to direct users from the social media platform to Square's seller pages through ads and videos. The announcement comes on the heels of TikTok revealing that it has a staggering one billion daily active users.
Despite the competition, Netflix is still a leader in the streaming space with more than 200 million subscribers, and now the public is getting a peek for the first time into just how popular the platform remains after viewer numbers for its top titles were unveiled.
