Don't you think that petroleum market will shrink in the coming years because of new engine and car types?
Commercially yes, oil is after all a limited resource. Even as of now hybrid engines do require petrol to run. As for electric cars like Tesla, until someone managed to do a breakthrough of cold fusion, we are pretty much stuck with using oil or even to worst, coals to power the major powergrids as most countries are unable to use nuclear reactors.
This is the true statement. How many of us can afford Tesla cars now? It will take some 15-20 years atleast to reduce the number of cars and vehicles using petrol and diesel as its fuel. On that aspect, BITUGENE will grow exponentially. My only concern is that the development should work earlier than their reported roadmap. 2 years for the first product is bit long in my opinion.