Nice pie in the sky prognostication… however, in the real world rural and remote locations will still require individually owned vehicles… farmers, rural commuters and others who will not have local access to autonomous transport will need their own means of transport.
Local Roads and a well maintained network of interstate highways will be required even for electric vehicles… as they don’t fly from point A to point B. The technology and service techs needed to reliably maintain self-driving vehicles is a major problem… not to mention the ecological problem with handling all the batteries once they are no longer usable.
I wouldn’t sell my oil stocks or divest in them for my 401K oil is used for much more than fuel in our transport industry… the petrol-chemical industry touches nearly every facet of modern society… everything from pharmaceuticals to modern composite building materials in an ever expanding market. Don’t count oil down and out so easily.
The author may want to rethink his brash remarks in the light of reality… change is coming but not so quickly nor in the manner he so boldly prognosticates.