111–120 of 259 posts
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For Teslas, wait a bit, you'll see them coming in some years
That's what I'm hoping for. You may notice I mention "quality" electric car ... and from what I can see, Tesla is the only producer of quality electric cars, period.
There are some question marks on how sustainable the US oil boom is as the extraction methods are quite capital intensive. We are at historic low capital price and have a fairly high oil price and still the profitability picture is not pretty. To dig deeper see: https://wolfstreet.com/2018/08/15/shale-profits-remain-elusi...
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Rashid bin Saeed Al Maktoum: "My grandfather rode a camel, my father rode a camel, I drive a Mercedes, my son drives a Land Rover, his son will drive a Land Rover, but his son will ride a camel" https://en.wikipedia.org/wiki/Rashid_bin_Saeed_Al_Maktoum#De...
Keep in mind a decent camel starts at $55k and a thoroughbred goes for $10m to $30m
There are some question marks on how sustainable the US oil boom is as the extraction methods are quite capital intensive. We are at historic low capital price and have a fairly high oil price and still the profitability picture is not pretty. To dig deeper see: https://wolfstreet.com/2018/08/15/shale-profits-remain-elusi...
[1]: https://oilprice.com/Energy/Energy-General/Permian-Discount-...
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Personally, about 1800 miles. I'm sure there are others who might need more. I take a yearly drive to utah (~1400 miles each way, straight through only stopping for fuel). I'll have an ICE vehicle until range is sufficient to get me there plus a few hundred miles for exploring/getting back to a city where I can charge.
Why not rent a gas car for the one day a year you need that distance? That's sort of where I'm ending up. Not w/ electric vehicles, but with bicycling. I bike commute year-round & use it for most of my travel, but for the rare case when I need to use my car for longer trips it's nice to have. However, paying the cost of upkeep & monthly insurance for something I use so infrequently is starting to make less sense.
There are some question marks on how sustainable the US oil boom is as the extraction methods are quite capital intensive. We are at historic low capital price and have a fairly high oil price and still the profitability picture is not pretty. To dig deeper see: https://wolfstreet.com/2018/08/15/shale-profits-remain-elusi...
So is most of the new oil coming from shale then? Or is a lot of it coming from hydraulic injection (fracking)?
There are some question marks on how sustainable the US oil boom is as the extraction methods are quite capital intensive. We are at historic low capital price and have a fairly high oil price and still the profitability picture is not pretty. To dig deeper see: https://wolfstreet.com/2018/08/15/shale-profits-remain-elusi...
So is most of the new oil coming from shale then? Or is a lot of it coming from hydraulic injection (fracking)?
Looking at China and India, I forget how big the US actually is compared to an average country. Same goes for our abundant natural resources which we don’t really talk about much (in the media at least).
Yes China and the US are basically the same size in area. India is smaller. What, to my mind, gets paid less attention is that the US is, in fact, the 3rd most populous nation in the world.
If you look at Australia, it's got almost the same land mass, but it's under 40 million people .. and much of that land is totally inhabitable too.
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For my part, I'm not anxious about range; price is the main issue. The car purchases over my lifetime have been $5000, $2500, $1, $4000, $11000, $8000, $12000 ... and I have never bought new. I do not see a viable electric vehicle for me. Tesla looks awesome, and I cannot find an affordable one near me. Hell, there are TWO (count 'em, 2) used Model-3's within 20 miles of me, and they're selling for $50,000. LOL and M…
Price anxiety and maintenance anxiety. I buy 2-3 year old cars and drive them for another 10 years. What is maintaining a 12 year old electric car going to cost? Nobody knows! When Tesla has been gone for 5 years, will a 10 year old model 3 still even boot up?
Tesla has its nay-sayers and financial enemies shorting it, yes, but there is decent reason to wonder if they'll be around 10, 20 years from now. If I buy a Model 3 in 10 years and plan to drive it 10 years, that's a very important consideration.
Good point.