Aramco IPO Is 10 Years Too Late, Schork Group Says

The video discusses the skepticism surrounding the size of an IPO, highlighting a significant market shift from oil to natural gas. It critiques the timing of Aramco's IPO, suggesting it's too late due to the global move away from oil. The forecast for oil demand peaking by 2035 is debated, with concerns about optimistic views on oil demand and pricing. The rapid increase in electric vehicles (EVs) is noted as a key factor in reducing oil demand, suggesting a faster decline than predicted. The transformation in the market due to EVs and government demands is emphasized.

What does the speaker imply about the timing of RAMCO's IPO?

How does the increase in electric vehicles (EVs) affect oil demand?