Quote:
Originally Posted by VR1
My bread and butter is oil and gas, I’m about 80% energy (mostly strategy related, with the rest on the policy and M&A side), with the other 20% being the automotive industry (entirely strategy related, with a bit of M&A advisory).
I will say that 99% of people who work outside the energy and automotive space really have no idea what they’re talking about. The best people to ask are people who work in the space either directly or indirectly (equity analysts, people at MBBs who cover these spaces, etc…). Outside of this - 99% of the general populace does not understand these industries beyond a superficial level (why would they anyways?).
Automakers used to (back in the 80s and 90s) spend millions on PR campaigns to try and convince US citizens that safety and air quality standards were driving up the price of cars (they weren't). Was not aware that some portion of the populace believes this even with zero effort from the OEMs to push this type of viewpoint haha. Some of my contacts at the OEMs will get a kick out of this.
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Large chunks of people also believe that politicians control gasoline prices, aside from taxes that rarely ever change. As a global commodity, with cartel production controls, this never made sense to me.