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More downward pressure on oil prices coming
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Fo Shizzle Offline
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Post: #21
RE: More downward pressure on oil prices coming
(07-13-2017 12:46 PM)rath v2.0 Wrote:  Trigger a liberal....drive something really huge and expensive that gets 12 miles a gallon.

This.07-coffee3
07-13-2017 07:19 PM
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EverRespect Offline
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Post: #22
RE: More downward pressure on oil prices coming
(07-13-2017 01:58 PM)Ohio Poly Wrote:  Electric driverless cars could make petrol and diesel motors 'socially unacceptable'

https://www.theregister.co.uk/2017/07/13..._vehicles/
Good, I find that when I am considered socially deplorable, I usually win!

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07-13-2017 07:19 PM
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Ohio Poly Offline
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Post: #23
RE: More downward pressure on oil prices coming
(07-13-2017 07:17 PM)Fo Shizzle Wrote:  
(07-13-2017 01:58 PM)Ohio Poly Wrote:  Electric driverless cars could make petrol and diesel motors 'socially unacceptable'

https://www.theregister.co.uk/2017/07/13..._vehicles/

I drive a car with batteries... every Sunday....on the fcking golf course. That is my limit.
When they make a "real" car without a combustion engine that I can drive as far and and as fast?...Ill think about it. Im not interested in wearing a damn automobile that has no power, size or range.

"http://www.thedrive.com/watch-this/10254/tempers-flare-after-tesla-model-s-p100d-dominates-eighth-mile-drag-race-showdown"
07-13-2017 08:31 PM
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LeFlâneur Offline
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Post: #24
RE: More downward pressure on oil prices coming
So unless the electric car has a solar panel or a great big wind turbine on its roof, it still has to plug into an electric source fueled by a coal fired generator.
07-13-2017 08:39 PM
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UCGrad1992 Offline
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Post: #25
RE: More downward pressure on oil prices coming
The Saudis screwed themselves years ago not cutting production as other members of OPEC wanted in order to drive up the price per barrel. They gambled on keeping market share knowing the U.S. was looking for alternate oil reserves. Throw in Iran re-entering the global market and you have a glutton of oil supply right now. We can enjoy the ride of low gas prices for the short term definitely.
07-13-2017 08:58 PM
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Tom in Lazybrook Offline
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Post: #26
RE: More downward pressure on oil prices coming
(07-13-2017 12:46 PM)rath v2.0 Wrote:  Trigger a liberal....drive something really huge and expensive that gets 12 miles a gallon.

LOL. My car gets 16 mpg. Although, it's not a particularly expensive car (a Hyundai Genesis 5.0).

That being said, I only drive about 8,000 miles a year so gas prices aren't terribly relevant for me.

When I see some sort of Gamma male driving a truck with the big ass tires, I think to myself. One, good luck parking it. Two, gas. Three, the ride sucks. Four, the cost of the damn tires. And then there's the insurance cost.
07-13-2017 09:36 PM
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Tom in Lazybrook Offline
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Post: #27
RE: More downward pressure on oil prices coming
(07-13-2017 08:58 PM)UCGrad1992 Wrote:  The Saudis screwed themselves years ago not cutting production as other members of OPEC wanted in order to drive up the price per barrel. They gambled on keeping market share knowing the U.S. was looking for alternate oil reserves. Throw in Iran re-entering the global market and you have a glutton of oil supply right now. We can enjoy the ride of low gas prices for the short term definitely.

The Saudi's tried cutting production in the 80's as part of an OPEC imposed cutback. The Saudis' struck a deal with all the other OPEC members and announced the cutbacks. They then did keep their part of the deal. Then, every other OPEC member cheated on it and the net impact was no real impact on prices but with the Saudis losing market share and revenue. Then Russia, desperate for hard currency, flooded the market.

The Saudis don't think that a production cut will accomplish anything other than cutting their own revenue. And the Saudis are kind of hurting for money right now.

The last run up in prices was related more to trading (there was backwardation in the prices as the delivery period became more current, and a persistent discount for physical over financial crude during the super high price time) , and unrealistic expectations of exponential growth in India and China's economy going on forever. The Saudis were terrified, correctly, of the super high oil prices and tried to flood the market. But it didn't work. And eventually technology catches up.
(This post was last modified: 07-13-2017 09:50 PM by Tom in Lazybrook.)
07-13-2017 09:43 PM
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Tom in Lazybrook Offline
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Post: #28
RE: More downward pressure on oil prices coming
(07-13-2017 08:39 PM)LeFlâneur Wrote:  So unless the electric car has a solar panel or a great big wind turbine on its roof, it still has to plug into an electric source fueled by a coal fired generator.

Not really, it could use electricity powered by NG or even (gasp) alternatively sourced power.

The real constraint on true oil/coal free cars is concerned with battery life and cost.

Coal is dying, and nothing can be done to save it. Anyone investing in coal right now should be doing it as a value now proposition and a very short payback time.
07-13-2017 09:49 PM
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DaSaintFan Offline
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Post: #29
RE: More downward pressure on oil prices coming
(07-13-2017 02:08 PM)Hood-rich Wrote:  
(07-13-2017 07:43 AM)Ohio Poly Wrote:  More downward pressure:

"https://www.tesla.com/model3"

LOL. Tell that to Australia.

Or Hong Kong.. which just had their orders of Tesla's fall to _ZERO_ after the Government subsidy was removed (and is off the table until at least 2018).

Basically Tesla's screwed now... cause they wanted to get into China, but they're not gonna manage it without subsidies.
07-14-2017 08:05 AM
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Dragonlair2.0 Offline
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Post: #30
More downward pressure on oil prices coming
Coal as a power source is definitely a dying breed. Natural gas will eventually replace it as it should. Coal will be around forever tho as it is required for steel, odor control water filtration and numerous other reasons.
07-14-2017 09:20 AM
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