Where is the EV market going over the new couple of years?

[VentAlarm]

Hasn't that always been the case?

https://www.history.com/topics/1970s/energy-crisis

Just a thought. Maybe we shouldn't be such pigs? Though smarter people than me could rationalize that that 4.23% of the population is entitled to igniting 20% of the fossil fuels.

I'm not a Christian but maybe paying attention to the top 2 deadly sins might help things?


Sorry, I like to be sanctimonious.

What’s your argument against 4% using 20% of a certain good?

[burritos]

What’s your argument against 4% using 20% of a certain good?

I'm ok with it. But I'm selfish.

[StarTrekDoc]

The irony of the domestic oil production that we have. We actually have the good light sweet crude. What we lack is the sour crappy oil and that happens to be in political sensitive areas like Sudan and Venezuela. We don't need middle east oil -- our asian allies do.

Biden has the likelihood of killing the oil industry as much as Trump had the likelihood of actually building a physical wall across our southern border-- that's red meat for their own constituents.

We have plenty of domestic production and if leveraged right, plenty for energy independence beyond the foreseeable future.

[VentAlarm]

The irony of the domestic oil production that we have. We actually have the good light sweet crude. What we lack is the sour crappy oil and that happens to be in political sensitive areas like Sudan and Venezuela. We don't need middle east oil -- our asian allies do.

Biden has the likelihood of killing the oil industry as much as Trump had the likelihood of actually building a physical wall across our southern border-- that's red meat for their own constituents.

We have plenty of domestic production and if leveraged right, plenty for energy independence beyond the foreseeable future.

And yet, we’ve used 40% of our oil reserves under Biden and failed to allow oil leases…

[Tim]

No doubt it's all about insecurities and blame others for the problems of today. That's the ugly underbelly side of America that's been there for generations and always lurking around.

what sets America apart from other democracies is that we have in our past recognized our minorities and actually defended them as a nation. That unique stance has shifted recently.

Depends on perspective. For some too fast, for others too slow. The merit approach has served this country well. There will always be insecurities, that is human.

[StarTrekDoc]

And yet, we’ve used 40% of our oil reserves under Biden and failed to allow oil leases…

Do we really need that high of strategic oil reserves when we have sufficient domestic production? Like keeping EF at 6months 10 years into a steady cashflow positive situation and healthy reserves.

Also why new oil leases when lots of current leases not even being started? Plenty of held leases on the basins and drilling rigs holding back despite good prices.

[StarTrekDoc]

Depends on perspective. For some too fast, for others too slow. The merit approach has served this country well. There will always be insecurities, that is human.

True on insecurities, it's human nature; yet we shouldn't embrace the worst part of us, shouldn't we? We've been better together than not.

Time again America flourishes more as a whole than divided.

[VentAlarm]

Do we really need that high of strategic oil reserves when we have sufficient domestic production? Like keeping EF at 6months 10 years into a steady cashflow positive situation and healthy reserves.

Also why new oil leases when lots of current leases not even being started? Plenty of held leases on the basins and drilling rigs holding back despite good prices.

The proofs in the pudding. Every president in the past 40 years thought we needed higher levels of oil reserves. If we were so flush with oil, why would prices be at an all-time seasonal high and reserves be at a 40 year low (https://finance.yahoo.com/news/gasol...150412734.html).

[StarTrekDoc]

The proofs in the pudding. Every president in the past 40 years thought we needed higher levels of oil reserves. If we were so flush with oil, why would prices be at an all-time seasonal high and reserves be at a 40 year low (https://finance.yahoo.com/news/gasol...150412734.html).

Trump sold off reserves in good years precovid, which I thought was a good idea;
Biden certainly tapped because of the Ukraine conflict and Russian oil embargo to Europe and our allies.

Political narratives are just that, political.

[Tim]

The proofs in the pudding. Every president in the past 40 years thought we needed higher levels of oil reserves. If we were so flush with oil, why would prices be at an all-time seasonal high and reserves be at a 40 year low (https://finance.yahoo.com/news/gasol...150412734.html).

The Strategic Oil Reserve is not and should not be about the supply/demand of the price of oil. It is to mitigate against risk of supply disruptions (natural or intentional). Not self inflicted hindrance of oil production.

“Whereas previous oil price shocks were primarily caused by physical disrup- tions of supply, the price run-up of 2007–08 was caused by strong demand confronting ”

Oil supply is a critical strategic need of our interests. The USA has enemies.

[VentAlarm]

The Strategic Oil Reserve is not and should not be about the supply/demand of the price of oil. It is to mitigate against risk of supply disruptions (natural or intentional). Not self inflicted hindrance of oil production.

“Whereas previous oil price shocks were primarily caused by physical disrup- tions of supply, the price run-up of 2007–08 was caused by strong demand confronting ”

Oil supply is a critical strategic need of our interests. The USA has enemies.

I agree. Which is why is so perplexing we’re depleting our oil supply to sell to china and using it to lower gas prices around midterms.

[VentAlarm]

Trump sold off reserves in good years precovid, which I thought was a good idea;
Biden certainly tapped because of the Ukraine conflict and Russian oil embargo to Europe and our allies.

Political narratives are just that, political.

if Biden tapped it because of the Ukraine war, why did he sell oil to china?

[StarTrekDoc]

Why do politicians do what they do? Heck if I know.

Maybe perhaps even to make batteries

[resident_1]

Europeans getting worried about low cost Chinese EVs. Upset that china is subsidizing EVs too much.
And Europe also has a low cost EV. Dacia Spring that starts at $22k (also made in china). Big changes happening in the auto-world.

https://www.youtube.com/watch?v=3vZWMcINhlw

https://insideevs.com/news/675086/dacia-spring-ev-makeover-2024/

https://www.ft.com/content/69f41881-8b9d-4ffb-b160-cca6ea2fd813

https://www.npr.org/2023/09/16/1199963909/eu-launches-investigation-into-chinese-evs-to-protect-european-automakers

[burritos]

Anyone using electric scooters? Daughter has one. I took it to the park today. Too tired to bike this afternoon. Very convenience and enjoyable. Plus it doesn't need a lvl 2 charger.