I&#x27;m reasonably sure that robots (starting with self-driving cars) and genetic medicine are going to prove this gentleman very, very wrong. Self-driving cars by themselves have enough power to shape the petroleum economy in a single stroke. Once it&#x27;s affordable enough for everywhere to have on demand car service a la Uber, gasoline will start to become a massive commodity, traded like steel or coal, not a consumer product. This will have an enormous impact on the petroleum industry. I&#x27;d hypothesize that it will spawn another innovation in batteries and clean energy, because no overlord of a fleet of autonomous cars is going to want to pay the recurring cost of gasoline.