Hedge fund manager Kyle Bass thinks demand for oil is about to go up. Bass thinks that investors are overestimating the impact that electric cars will have on demand for gas. "There's a view around the world that electric cars are going to really affect hydrocarbon demand in the near term," Bass said. But he thinks that electric cars won't "even dent" demand for traditional fuel until about 2030. Oil prices have indeed been rising in the United States.

Source: CNN April 26, 2018 16:18 UTC