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Oil Vs Electric in Norway

Discussion in 'Energy, Environment, and Policy' started by GSP, Apr 19, 2013.

  1. GSP

    GSP Member

    Dec 28, 2007
    Great post Robert. Your last point here is certainly valid, but there is another important difference between Sweden and Norway. Sweden produces cars, and the population prefers to buy domestic, and vote for laws that promote domestic cars (like company car tax compared to income tax). Norway has no such adversion to imported cars, since everything is imported.

    This is still minor compared to Norway's pro-EV policies however.

  2. mulder1231

    mulder1231 Active Member

    Jan 1, 2012
    SF Bay Area
    On the other hand, Norway is a large oil producer (#8 exporter in the world) so there may be some anti-EV sentiment as well.
  3. ItsNotAboutTheMoney

    ItsNotAboutTheMoney Well-Known Member

    Jul 12, 2012
    Fortunately they also have super-abundant hydroelectric power and are a net exporter of electricity so for Norwegians the economic math is easy. Buy low sell high. Sweden is near 50/50 hydro nuke so you'd think they'd be all over EVs too. However, Norway has more expensive gas (the only net oil producer with expensive gas, UK is a net importer) and higher average wages.
  4. NigelM

    NigelM Recovering Member

    Apr 3, 2011
    Northern Virginia
    Norwegians are smart, they know that when the oil runs out they have nothing left to export except fish. (That's meant in a joking manner, I love Norway).

    How did we end up discussing Norway in a thread about JP?
  5. wycolo

    wycolo Active Member

    May 16, 2012
    WA & WY
    > However, Norway has more expensive gas (the only net oil producer with expensive gas, UK is a net importer) and higher average wages. [INATM]

    Statoil is a big natural gas producer so might be good to clarify: do you mean gas or gasoline(petrol)?

    > (believe me, I've been hit hard with AAPL, losing the equivalent of three loaded-up Model S on AAPL options last fall - not so unrelated story with what is happening now with Tesla: great product, great people, booming sales and such)
    - the market can stay irrational longer than you can stay solvent and mentally sane; [nicuM]

    Methinks, with all due respect, that you might have been hit hard by the use of options as opposed to the stock itself. AAPL over the years has proven to be non-volatile really; its bloated moves nicely telegraphing to the conservative investor when to take profits, when to jump in after bouts of panic selling by the boutique crowd. That's a handy metric you have created: 'How many Model_Ss has stock A earned for me?"!!
  6. Nicu.Mihalache

    Mar 28, 2013
    Paris, France
    Yes, it's mostly because of options. I will not say more than that here, but AAPL has much lower P/E than lesser competitors or the S&P itself (that's why the irrationality comment). Not trying to create a MS metric, just stating a reality and where my option caution comes from :) Now that's old history, let's look forward what we can do with TSLA.

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