Crude oil prices will go the way of ‘whale oil’ as demand has peaked, says ARK’s Cathie Wood
Rising crude oil prices are a factor of supply rather than demand, she says
An old building of a British shipping base, which was consumed by a mudslide sparked by a volcano, crumbles at Whalers Bay in Deception Island, in the western Antarctica peninsula on March 06, 2016. In 1912 the Hektor Whaling Company was issued with a license to establish a shore-based whaling station. Approximately 150 people worked at the station during the austral summer, producing over 140,000 barrels of whale oil.
AFP VIA GETTY IMAGES
