Hmmmm… I don’t see any local pricing near this level but this is interesting… Screenshot taken today…
She will say anything to keep investors happy
She said that $65/barrel range was profitable but not enough to fund more capital expense of new tech which will be needed for much of the remaining oil. If capex doesn’t increase, future production will slow and prices will rise.
Except for Utah, there is little to no E&P in UD onshore. This is nothing new and hasn’t changed since 2020.
I own a lot of energy stocks, it doesn’t break my heart. No, I don’t own OXY.
Oil and gas is struggling to get new investors and capital, but the those that are already invested don’t want to pull out
There isn’t another industry that’s as routine (historically) as oil and gas.
There’s a paradox with progressive institutions, pensions, retirements, etc that all have shares in O&G
So my summary of that article would be the slow US uptake is mainly due to
differences in government policies to promote the new technology.
I’d also add that due to differences in daily commute miles, EVs
have not been as good of solution with limited range ( which has now largely been
overcome) and the longer recharge times.
It sucks that the number 1 and number 3 markets are so much further ahead of
the US in the transition. It may remain like this for next several years until policy
changes and the solid state batteries with quick recharge times become reality.
There’s much deeper and complicated reasons as to why EVs in the US is lagging behind, and most of it is the combination of political and cultural barriers.
In order for EVs to scale in the US, not only do we need more subsidies for vehicles alone, but we also need subsidies for major grid/infrastructure upgrades. We also have to make sure that the EV’s/Grid are powered majority from renewable sources and not fossil fuels.
What people don’t understand is that America’s entire real estate system is built on single family housing, and this type of urban planning is going to be incredibly difficult to financially sustain without cheap energy → fossil fuels.
An increase in EV subsidies is a threat to fossil fuel companies.
The unfortunate truth is that America’s real estate was founded in racism, and even though legal racism no longer exists, it’s still culturally systemic. This is a problem that countries like China or EU do not have in the same vein as US, so there’s less cultural barriers to adopt technologies that force density or unraveling systemic injustices which results in acceptance of EVs at much faster scale
There is a reason “good schools” in public districts are typically majority white, and “bad schools/failing schools” have high amounts of minorities. Subsidies to transform the entire energy system will force a lot of middle class suburbanites out of their current living situation due to unaffordability
I think because our gas prices remain low, except California, which slows adoption
I think that’s a valid reason too. But all respectable cost analysis I’ve seen,
show EV’s are cheaper to charge than ICEs are refuel in this country. Granted
the delta may not be as large as in Europe, but to be honest, I’m not on top of EU
electric rates vs petro costs.
They discount the time cost of recharging.
A lot of negative propaganda too, at first by one side, then by the other side.
Disingenuous.
Here is new study linking SO2 from burning fossil fuels to ALS.
Yeah, it’s just one study, and needs to be corroborated by others, but
this could be like tobacco and lung cancer if the data holds up.
Subjects had a 23% higher chance of being diagnosed with ALS several years later, according to the study.
The study only looked at association, not causation.
Exposure to mining fossil fuel linked to ALS, new research finds - ABC News
Mods, move or delete if too off topic. Just putting it here because it’s
new data in the health concerns of ICE vs EVs.
If it’s charging while you sleep at home there is zero time cost.
That’s the other advantage of EVs vs ICE. I know people that charge at home and at work. They spend zero time at gas station.
For long trips it’s not the case, for now, but as charging becomes quicker it will even up.
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If you just commute from point A to point B
Which most drivers do…or if you drive less than 250 miles a day…again…most drivers.
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I could go for an EV commuter car except for 2 things
1-Large extra premium in price for comparable ICE car
2-I keep cars for 10+ yrs and I don’t want it to be totaled whenever the batteries fail
IF batteries ever become cheap and long lasting I’ll get on board with my daily commuter.
I can see how it is already worth it for some drivers
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Very similar to my position. We’re still in the ‘early adoption’ phase when companies get premiums for new tech but it’s come a long long way in the last 5-10 years.
Chevy is making a pretty low priced EV, as EVs go, in the Equinox. Looking at availability it seems to me they still make only 1/10th of Equinox’s in EV…to me that screams ‘prices will fall’ as they increase production. Hopefully they will.
The cost to run and maintain them before battery replacement is probably less than 1/3 of an ice vehicle.
Replacement battery prices should do the same thing down the road. It already has for Ford Escape hybrid batteries. Looks fairly simple (but heavy) to do as well. Wonder how hard a full EV battery would be ton change out? It’ll be really interesting to see how the secondary market evolves as well.
Sooner than I was thinking maybe…+1000km (621miles) plus fast charging. When the price comes down…ICE is over, in car at least, it will die a slow death.
Chevy announced new Bolt EV for $29.99K. 255 mile range and 10 to 80% charging in 26 minutes. Decent price and performance combo.
Edit add: (insert raspberry gif)…seems this is just a ‘limited run’.
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