here is a brief exploration of electric cars and the oil companies with bits of who wins and loses;

In the fall of 2017, as China announced its dramatic new regulations pushing electric cars, the price of lithium and cobalt went through the roof. The two minerals, essential in the production of batteries for ‘New Energy Vehicles’, were highly sought. The Democratic Republic of the Congo, Australia and other countries that are source of rare minerals sped forward, expanding extraction to meet rising demand.

However, the price of these two prized commodities is now decreasing, amid a glutted market. The Wall Street Journal reports: “Cobalt prices have fallen more than 30% in 2019 to their lowest level in two years” and “a lithium price index published by Benchmark Mineral Intelligence dropped for the 10th consecutive month in January.”

Even though New Energy Vehicles have been selling at a much higher rate, with sales increasing by 64% in 2018, the demand for minerals has dropped. The trade war between the USA and China, with constant renegotiation and complicating factors, has made investors worried, and those who produce electric cars have put their purchases on hold, waiting with baited breathe to see what happens.

This comes after Lawrence Kudlow of the White House National Economic Council announced on December 3rd that it was rescinding Obama-era subsidies for the production of electric cars by American automakers.

The Chinese Communist Party sees electric cars as essential, not just for ecological sustainability but also as a mechanism for securing China’s industrial growth in a world market where oil dependency makes them quite vulnerable to foreign pressure. However, certain forces that are well embedded in the White House, have a very different material interest. They see electric cars as a threat to the global order from which their power flows.

The Wall Street-London Global Oil Trap

The four supermajor oil monopolies, Chevron, BP, Shell, and the top dog Exxon-Mobile, are almost synonymous with the elite entities on Wall Street and the London Stock Exchange. British Petroleum is closely tied to the HSBC bank. Exxon-Mobile is closely tied to Chase Bank. Longstanding oligarchical families like the Rockefellers, Carnegies, Morgans, Rothschilds, Vanderbilts, Gettys, and Duponts dominate, directly or indirectly, the global financial system as a kind of oil banking aristocracy with unprecedented power.............https://journal-neo.org/2019/02/23/whos-afraid-of-electric-cars-and-why/