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.
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.
Lee County, deep in the Appalachian Mountains, is one of many rural school districts around the country where the decision over whether to bring students back into classrooms is particularly fraught.
Rebecca Zamolo, creator of the Youtube series 'Game Master Network,' talks new game based, expansion, in-app purchases, and why the game is free.
Facebook has launched the 'Voting Information Center' as a hub to provide users with accurate information regarding everything voting related. Emily Dalton, director of social impact product at Facebook, talks the company's new initiative and goals of the program.
TikTok is planning to fight back against the Trump administration's ban on the company with a lawsuit. The social media platform is suing for unsubstantiated claims that the app is a security threat. Howard YU discusses ByteDance's --TikTok's parent company -- presence in China and the government's ability to request data.
Tesla will split its stock for the first time in its history so more investors can afford to buy a stake in the electric car pioneer following a meteoric rise in its market value.
CuriosityStream CEO, Clint Stinchcomb, talks about the company's plan to go public as it expands its global reach and also explains what sets his platform apart from others.
E-commerce company Mercari makes selling products online easier. US CEO, John Lagerling talks competing with services like E-Bay and highlighting the everyday person looking to make money through the platform.
The coronavirus pandemic has accelerated the need to level the 'educational playing' field when it comes to quality internet access as more students learn from home. LEGO Education president, Eseben Staerk, talks closing the 'digital divide' through a partnership with leaders in tech and education.
New York City's MTA is reaching out to Apple in hopes that a new facial recognition update can be released as the agency encourages riders to keep masks on while riding public transportation. The ask comes as ridership on buses and subways in the city ticks up .
