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Napkin Math ...
3M Teslas on road ...
~500 Miles / mth - 1.5B miles/mth
~ 30M/gallon
1.5BM/30 = 50M gallons of gas ....
chain reaction ........
So at 88 million barrels per day, that cuts demand by 1/88, or about 1%.Another napkin math rule of thumb:
It takes about 20-25m EVs on the road to remove 1mbpd of oil demand.
This snowballs so fast and the fossil companies are in complete fear of it.So at 88 million barrels per day, that cuts demand by 1/88, or about 1%.
If Tesla hits its 20m per year goal they will only displace 1% per year. We really need the other automakers to step up.
How about paying back taxpayers for the bailout first...?GM Reinstates Quarterly Dividend Suspended Since Start of Covid-19 Pandemic
Executives say progress on key initiatives gave the company confidence to reinstate the quarterly dividend and resume share repurchases.www.wsj.com
So at 88 million barrels per day, that cuts demand by 1/88, or about 1%.
If Tesla hits its 20m per year goal they will only displace 1% per year. We really need the other automakers to step up.
Very deceiving move on Mary's part:Really surprised with the confidence here. Then again Mary B. was confident the Bolt would out sell the Model 3.
GM Reinstates Quarterly Dividend Suspended Since Start of Covid-19 Pandemic
Executives say progress on key initiatives gave the company confidence to reinstate the quarterly dividend and resume share repurchases.www.wsj.com
Shareholder meeting.When did he say that?
High oil prices keep the producers calmer, so they don’t lookThis snowballs so fast and the fossil companies are in complete fear of it.
Oil is priced at the margins. Have an excess of a million per day, the price collapses after a couple of months.
They see it coming, one of the reasons they have been so slow to boost production during the past few months. They know that when the cuts come they will be relentless. It is their intention to keep supplies as tight as possible to maintain pricing power for what they do sell.
We should actually root for them to manage this, unfortunately. High oil prices keep the producers calmer, so they don’t look for wars to start. Also makes renewables all the more the easy choice.
Very deceiving move on Mary's part:
1) They are not reinstating the dividend that was suspended in April 2020. That dividend was .$38. The reinstated one is $.09.
2) There is no requirement or obligation for any of the "boosted" buyback to be executed any particular timeframe, if ever
3) Even the mention of the "return of excess capital to shareholders" is disingenuous. Other than the $.09 per quarter, there is very little chance of excess capital being returned any time soon, if ever.
Not sure, but on September, 3rd of 2020 (briefly after the first split) this was reported (over 1.2M shares, orders of magnitude higher than the TSLA average):Weird that in the WTH section, all the FTD peaks are almost exactly 600,000 shares. There must be a reason for that, but what?
Well those EVs don't last one year If a Tesla is on the road 10 years and they make 20M cars a year then it takes out 10% of oil.So at 88 million barrels per day, that cuts demand by 1/88, or about 1%.
If Tesla hits its 20m per year goal they will only displace 1% per year. We really need the other automakers to step up.
This isn't confidence. This is an attempt to squeeze the company dry in preparation for the next bailout.Really surprised with the confidence here. Then again Mary B. was confident the Bolt would out sell the Model 3.
GM Reinstates Quarterly Dividend Suspended Since Start of Covid-19 Pandemic
Executives say progress on key initiatives gave the company confidence to reinstate the quarterly dividend and resume share repurchases.www.wsj.com
Marry assumes all taxpayers are GM stock holdersHow about paying back taxpayers for the bailout first...?
Each 20 million EVs drops oil use by about 1%. Those same 20 million don't drop oil use by another 1% the next year.Well those EVs don't last one year If a Tesla is on the road 10 years and they make 20M cars a year then it takes out 10% of oil.
If they make 20m and half are Robotaxis and each Robotaxi displaces 5 cars (Musk’s estimate), it displaces about 3% per year.So at 88 million barrels per day, that cuts demand by 1/88, or about 1%.
If Tesla hits its 20m per year goal they will only displace 1% per year. We really need the other automakers to step up.
That's not how Germany works. Those industrial operations and workers will be protected thru this winter and expensive gas will be subsidized.That’s probably part of it, the euro is also below parity again.
Germany is going to have a severe recession this winter. Huge swaths of German industry are going to shutter forever, as energy prices there are reaching existential levels for manufacturers of many items.
Wholesale electricity for delivery this winter in Germany is now at 50¢/KWh in Germany, which means home prices will probably be 60¢+ this winter.
NG prices ($67/mbtu) are equivalent to $380/barrel oil.