From time to time they talk about it candidly, the recognition that the electric vehicle shift poses a huge threat to oil demand as a whole (typically interwoven with a discussion on solar or renewables in general). All sorts of knock-on effects occur if you remove 1&#x2F;3 of a market.<p>Saudi has around ~268 billion barrels of oil. They&#x27;re producing at 10.x million barrels per day currently (let&#x27;s say 3.8 billion barrels per year). Estimated reserves are almost always wrong to the low side, at least in the prior century projections were overwhelmingly that way. Saudi might have a century of oil production left at these levels. I think I&#x27;d be happily selling it cheap today as well (and considering their cost basis), I wouldn&#x27;t want to be dependent on oil in 40 or 50 years, much less 100.