Microsoft beats Exxon as 2nd most valuable

[HylianSwordsman]

Ka-pi96 said:

HylianSwordsman said:
Well oil is going to see a nasty decline in the coming decades as oil shortages force us to move to alternative energy sources, so this was inevitable. It did come sooner than I expected, but I'm sure Exxon still has some fight in it, so MS and Exxon will probably still be in range of each other for a while yet. We might start seeing more tech companies exceed oil soon, however.

Yeah, but because of future oil shortages it may well be that the companies that still have oil become much more valueable since the price of it will increase a lot.

Oh there will probably be a surge, no doubt about it, but the surge will be so extreme it will cause people to get pissed and move to alternative energy. We've used up over half the world's oil reserves already and energy demand is only increasing, so when the oil starts to run out in 20 to 30 years, the backlash will be unimaginable for anyone still stuck using oil. I suspect people will start moving to alternative long before that, and with tech in an inevitable perpetually rise as more developing nations develop to the point that they can afford modern tech, they'll start demanding more tech, tech will eventually outpace oil so much it won't even be a contest.