Major Disruption Coming, “Decimating” Entire Industries, Says New Report

financialsense.com / FS STAFF / 05/17/2017

Oil prices will see a steep plunge as autonomous electric vehicles “decimate” the value chain of entire industries in just a few years.

That’s the opinion of James Arbib and Tony Seba of RethinkX in their latest thought-provoking and comprehensive report, “Rethinking Transportation 2020-2030,” where they project a dramatic drop in the cost of transportation coming from, not bullet trains or high-speed rail, but “on-demand autonomous electric vehicles” owned by large fleets and not individuals.

Think they’re wrong? There are a few things that might slow this process down, they admit, but, in general, most people simply don’t understand “how disruption works,” as Arbib says in the following clip:

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Read more ... source: The Bitcoin Channel

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