Moving to electric vehicles will dull recessions currently inflated by oil

The Satellite
583

Generally, I’ve really liked consumer reports but I’m curious whey they’re only dealing with %'s & number of possible problems instead of actual maintenance costs?

I’ve seen countless stories from people who have had great success, monetarily speaking, with EV’s over time and maintenance costs are a big plus in every one. How is this suddenly reversed? Did they actually to a cost analysis or are they just looking at potential problems?

Electric motors are much more cost effective than combustion engines. That’s why the process to extract, move, & process oil for engines is done primarily (almost entirely really) with electric motors.

584

So about that lithium.

2 Likes
585

Yes, they try to show where problems are in a particular make and model. It’s quite accurate

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587

But not all problems cost the same. So, number of problems is in many ways meaningless without cost comparison.

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588

That’s not the purpose of the CR report. They are able to determine what problems you can expect with a vehicle based on the reader’s responses. If the cooling system has issues in a 1999 Toyota Corolla, then when considering buying one, you check it out. So if an EV has brake issues and you’re looking to buy a used one, you get your mechanic to check it out.

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589

Interesting, could be a whole new new industry in the US for extraction/mining plus refining.
Did not realize China did 90% of the worlds refining of lithium today.

What do the anti-EV crowd here think of this ?

590

Doesn’t this belong on the politics board ? Take that shyte there as they say.

591

Touchy are we?

592

Nada, just liking yanking on the chain of the offended.

593

If you believe in CR, you’d only buy Toyotas.

594

Pretty much all I buy

595
596

The Saudis could stop US production just by increasing production. Threshold for making money in the USA is between $50 & $66/bbl. Guyana is about $35/bbl and it will continue to grow unless Venezuela attacks Guyana.

597

The Saudis have tried to slow US production before. It didn’t work very well and it’s not that easy.

They could slow drilling but they can’t stop existing production. Your breakevens look to be for new wells and not existing production.

Also, not all US breakevens for new wells are that high. There are some in the Permian near $35.

Also, the Saudis have their own breakeven to run their country. It’s quite high.

598

The Saudis were quite successful and drove prices to $30’s. Put a lot of drillers out of business

599

That’s different. They can and have done that. It would be tougher than before though.

600

I thought that was more to punish Iran than anything else.

601

No, they were concerned about the growth in shale. Back then, break even was close to $60. Saudis pushed the price below that. Really crushed a nascent industry, took a long time to come back. Of course, COVID was a double whammy.

Can they put a hurt on the USA? Sure. The breakeven has dropped and the companies aren’t as heavily leveraged due to ESG cutting investments in O&G.

602
1 Like