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.
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From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Just days following the presidential election, Twitter has stepped up its efforts to crackdown on misinformation, but questions are being raised about how marketers and users will interact with social media platforms going forward. Cheddar's Michelle Castillo reports.
Retired astronaut Dr. Peggy Whitson joined Cheddar to discuss what we can expect while watching the SpaceX launch on Saturday.
The Wall Street Survival & Stock trading Guide Bundle features eight comprehensive courses on how to be a successful professional trader for $29.99.
Sony's Playstation 5 launch saw retailers sold out within minutes today. Eric Lempel, SVP and global head of marketing with Sony Interactive Entertainment, joined Cheddar to discuss anticipation for the new system and the growing popularity of gaming.
