Jay McKinsey + 1,490 October 21, 2021 2 minutes ago, Ecocharger said: Think again, Jay, oil production is going up in the future, and it has to do that to supply you with gasoline to run your BMW internal combustion vehicle. You should give your thanks to the oil sector for keeping you moving on the highway! https://www.unep.org/news-and-stories/press-release/governments-fossil-fuel-production-plans-dangerously-out-sync-paris EV production is growing faster than oil production. 1 Quote Share this post Link to post Share on other sites
notsonice + 1,255 DM October 21, 2021 (edited) 17 minutes ago, Ecocharger said: Think again, Jay, oil production is going up in the future, and it has to do that to supply you with gasoline to run your BMW internal combustion vehicle. You should give your thanks to the oil sector for keeping you moving on the highway! https://www.unep.org/news-and-stories/press-release/governments-fossil-fuel-production-plans-dangerously-out-sync-paris "The world’s governments plan to produce around 110% more fossil fuels in 2030 than would be consistent with limiting warming to 1.5°C, and 45% more than consistent with 2°C. The size of the production gap has remained largely unchanged compared to our prior assessments. Governments’ production plans and projections would lead to about 240% more coal, 57% more oil, and 71% more gas in 2030 than would be consistent with limiting global warming to 1.5°C. Global gas production is projected to increase the most between 2020 and 2040 based on governments’ plans. This continued, long-term global expansion in gas production is inconsistent with the Paris Agreement’s temperature limits. Countries have directed over USD 300 billion in new funds towards fossil fuel activities since the beginning of the COVID-19 pandemic — more than they have towards clean energy." up from the peak ? 2022 is expected to be less than 2019. When has the UN been right about anything? Edited October 21, 2021 by notsonice 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,474 DL October 22, 2021 9 hours ago, Jay McKinsey said: EV production is growing faster than oil production. But you and I need gasoline to power our internal combustion engines...you should thank the oil sector for keeping you rolling! 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,474 DL October 22, 2021 (edited) Poor Biden & Co. are getting shelled by high energy prices for oil and natural gas, which stymies any attempt to pursue the Green Dream...there is now more panic over the high price of oil than there is over climate alarmism. This means political trouble for the guy in the White House. https://oilprice.com/Energy/Energy-General/Soaring-Energy-Prices-Are-Bad-News-For-Bidens-Ambitious-Climate-Plan.html "Amid rallying energy prices this year, President Biden’s climate package proposal in the $3.5-trillion bill stands on shaky ground as Joe Manchin, a moderate Democratic Senator representing major coal-producing state West Virginia, opposes measures to penalize utilities using fossil fuels as he calls for reliable energy supply. “Affordability is not optional. I’m concerned we are on a runaway rise,” Manchin, chairman of the U.S. Senate Energy and Natural Resources Committee, said at the end of last month during a committee oversight hearing of the Federal Energy Regulatory Commission (FERC). After Senator Manchin opposed the climate proposal, Democrats in the Senate are now scrambling to find alternatives and are pressing Manchin to propose such, Politico reported earlier this week. " Edited October 22, 2021 by Ecocharger 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,474 DL October 22, 2021 (edited) A potential disaster is brewing, thanks to the misguided Green policies of Biden & Co. Severe energy shortages this winter...hang on to your hats...and overcoats and get out the mittens. https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Could-Explode-As-US-Largest-Storage-Hub-Nears-Empty.html "In any case, in the clearest example yet of market tightness, Cushing crude storage fell to 31.2 mb last week as noted in the chart above. And because operational tank bottoms are likely 20-25% of capacity- or about 20 mb - JPM predicts that "we could be just weeks away from Cushing being effectively out of crude" and adds that "if nothing were to change in the Cushing balance over the next two months, we might expect front WTI spreads to spike to record highs—a “super backwardation” scenario." If JPM's prediction is correct - and recall just yesterday we published a similar take from Morgan Stanley which now expects a similar "peak supply" scenario playing out, if over the longer term prompting the bank to hike its Q1 2022 price target to $95 from $77.5/bbl - it would have a catastrophic (read higher) impact on the price of oil." Edited October 22, 2021 by Ecocharger 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,474 DL October 22, 2021 (edited) It appears that oil prices will sustain at high levels going forward. https://www.zerohedge.com/markets/one-bank-crunches-numbers-oil-supplydemand-dynamics-reaches-shocking-conclusion?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+(zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero) "In any case, there is a huge range of uncertainty about oil demand, and that is reflected in the wide range of estimates The OPEC secretariat estimated 2030 demand at 106.6 mb/d in its recent World Oil Outlook, released in September. Earlier in October, the EIA – part of the US Department of Energy – released a set of scenarios with 2030 oil demand estimates ranging from 103.4 mb/d to 115.4 mb/d, with a base-case estimate of 109.2 mb/d. Last month, S&P Global Platts showed an estimated for 2030 demand of 113 mb/d in its reference case,and still 102.3 mb/d in its most recent 'Two Degree' scenario released in August. The IEA showed forecasts in its recent World Energy Outlook (WEO) ranging from 103 mb/d under its 'Stated Policies' scenario, down to 72 mb/d under the 'Net Zero Emissions' scenario. However, these are somewhat in contrast with other figures from the IEA, specifically its medium-term oil market forecasts. In 'Oil in 2021', released in March 2021, the IEA estimated demand to reach 104 mb/d already by 2026. Clearly, there is potential for large divergence between what will happen and what should happen. For the purposes of oil market forecasting, Morgan Stanley's working assumption is that oil demand will continue to grow in coming years and still reach a level of ~105 mb/d around the turn of the decade, (based on the two models which it discusses in the full report.) The question then becomes: can the industry supply this? On current trends, the answer is probably 'no'. Here are some arguments why not (much more in the full note) and yes, ESG has a lot to do with it: In recent years, investment in oil & gas field development has fallen sharply – from ~$740bn in 2014 to ~$475bn in 2019,according to data from Rystad (not including exploration spending). In 2020, it fell another 25% to ~$350bn. This level is already consistent with the IEA's Net Zero scenario. The IEA has indicated that in its Net Zero scenario, oil demand will fall by 29% and natural gas demand by 7% by 2030, relative to 2019. As a result, it has also said that "there are no new oil and gas fields approved for development in this pathway". Under this scenario, the IEA estimates that oil prices will be around $35/bbl in 2030 and decline thereafter. The prospect of this scenario is a significant deterrent to invest." Edited October 22, 2021 by Ecocharger Quote Share this post Link to post Share on other sites
JoMack + 549 JM October 22, 2021 On 10/6/2021 at 2:00 PM, Jay McKinsey said: The UAW subsidy is terrible policy but it isn't enough to slow Tesla down. Jay, you're not looking at the big picture, my man. Tesla can produce until the EVs come home to roost, but will the buyer of the EV decide on a Tesla when a $12,500 tax freebie is on the table from another EV manufacturer that is a Union shop? Big question, will Tesla fold and join the crowd to unionize? 1 Quote Share this post Link to post Share on other sites
Jay McKinsey + 1,490 October 22, 2021 3 hours ago, JoMack said: Jay, you're not looking at the big picture, my man. Tesla can produce until the EVs come home to roost, but will the buyer of the EV decide on a Tesla when a $12,500 tax freebie is on the table from another EV manufacturer that is a Union shop? Big question, will Tesla fold and join the crowd to unionize? You are missing the details. The union subsidy is only $4500. Tesla is producing at a 29% automotive gross margin when the union automakers haven't even figured out how to make EVs at a profit. Tesla can easily match their price and still make a big profit. Quote Share this post Link to post Share on other sites
notsonice + 1,255 DM October 22, 2021 (edited) 49 minutes ago, Jay McKinsey said: You are missing the details. The union subsidy is only $4500. Tesla is producing at a 29% automotive gross margin when the union automakers haven't even figured out how to make EVs at a profit. Tesla can easily match their price and still make a big profit. Tesla in the future???? Tesla will not be able to match the price of a Ford EV as Ford ramps up. Used EV prices will get cratered long term and the Premium Tesla is getting today will be gone. Competition will bury Elons dreams. I will buy a Ford EV over a Tesla any day of the week. Game on Ford to Lead America’s Shift to Electric Vehicles with New Mega Campus in Tennessee and Twin Battery Plants in Kentucky; $11.4B Investment to Create 11,000 Jobs and Power New Lineup of Advanced EVs Ford to bring electric zero-emission vehicles at scale to American customers with the largest, most advanced, most efficient auto production complex in its 118-year history Called BlueOval City, the complex will be constructed on a nearly 6-square-mile site in west Tennessee and build next-generation electric F-Series pickups and advanced batteries Moreover, a new BlueOval SK Battery Park is to be built in central Kentucky consisting of twin battery plants that will power a new lineup of Ford and Lincoln EVs Ford and SK Innovation plan to invest $11.4 billion and create nearly 11,000 new jobs – close to 6,000 in Stanton, Tennessee, and 5,000 in Glendale, Kentucky; production of the new electric vehicles and advanced lithium-ion batteries will begin in 2025 Three new BlueOval SK battery plants – two in Kentucky and one in Tennessee – will enable 129 gigawatt hours a year of U.S. production capacity for Ford These investments build on Ford’s recent announcements that it will work with Redwood Materials on closed-loop domestic battery recycling and make a new investment to increase production of the F-150 Lightning pickup in Dearborn, Michigan, starting next year Ford is investing $90 million in Texas – $525 million total in the U.S. to train skilled technicians to service connected, electric zero-emission vehicles DEARBORN, Mich., Sept. 27, 2021 – Ford Motor Company is announcing plans to bring electric vehicles at scale to American customers with two new massive, environmentally and technologically advanced campuses in Tennessee and Kentucky that will produce the next generation of electric F-Series trucks and the batteries to power future electric Ford and Lincoln vehicles. Ford plans to make the largest ever U.S. investment in electric vehicles at one time by any automotive manufacturer and, together with its partner, SK Innovation, plans to invest $11.4 billion and create nearly 11,000 new jobs at the Tennessee and Kentucky mega-sites, strengthening local communities and building on Ford’s position as America’s leading employer of hourly autoworkers. An all-new $5.6 billion mega campus in Stanton, Tenn., called BlueOval City, will create approximately 6,000 new jobs and reimagine how vehicles and batteries are manufactured. BlueOval City will become a vertically integrated ecosystem for Ford to assemble an expanded lineup of electric F-Series vehicles and will include a BlueOval SK battery plant, key suppliers and recycling. Ford’s new Tennessee assembly plant is designed to be carbon neutral with zero waste to landfill once fully operational. In central Kentucky, Ford plans to build a dedicated battery manufacturing complex with SK Innovation – the $5.8 billion BlueOval SK Battery Park – creating 5,000 jobs. Twin battery plants on the site are intended to supply Ford’s North American assembly plants with locally assembled batteries for powering next-generation electric Ford and Lincoln vehicles. Investments in the new Tennessee and Kentucky battery plants are planned to be made via BlueOval SK, a new joint venture to be formed by Ford and SK Innovation, subject to definitive agreements, regulatory approvals and other conditions. “This is a transformative moment where Ford will lead America’s transition to electric vehicles and usher in a new era of clean, carbon-neutral manufacturing,” said Ford Executive Chair Bill Ford. “With this investment and a spirit of innovation, we can achieve goals once thought mutually exclusive – protect our planet, build great electric vehicles Americans will love and contribute to our nation’s prosperity.” This news comes amid strong demand for the all-new Ford F-150 Lightning truck, E-Transit and Mustang Mach-E electric vehicles, and is on top of Ford’s recent announcement to expand production capacity and add jobs at the Ford Rouge Electric Vehicle Center in Dearborn, Mich. “This is our moment – our biggest investment ever – to help build a better future for America,” said Jim Farley, Ford president and CEO. “We are moving now to deliver breakthrough electric vehicles for the many rather than the few. It’s about creating good jobs that support American families, an ultra-efficient, carbon-neutral manufacturing system, and a growing business that delivers value for communities, dealers and shareholders.” Ford’s $7 billion investment is the largest ever manufacturing investment at one time by any automotive manufacturer in the U.S. Part of Ford’s more-than-$30 billion investment in electric vehicles through 2025, this investment supports the company’s longer-term goal to create a sustainable American manufacturing ecosystem, and to accelerate its progress towards achieving carbon neutrality, backed by science-based targets in line with the Paris Climate Agreement. Overall, Ford expects 40% to 50% of its global vehicle volume to be fully electric by 2030. “We are proud to be partnering with Ford as they open a new chapter in automobile history,” said Dongseob Jee, president of battery business, SK Innovation. “We are excited to be taking this decisive leap together, as partners, and to bring about our common vision for a cleaner planet. Our joint venture, BlueOval SK, will embody this spirit of collaboration. We look forward to growing our trust-based partnership by delivering on our market-leading value proposition, experience and cutting-edge expertise.” All-new Ford BlueOval City Reimagining how electric vehicles – and the batteries that power them – are designed, manufactured and recycled, Ford is creating an all-new electric vehicle manufacturing ecosystem. BlueOval City will be among the largest auto manufacturing campuses in U.S. history. Like the iconic Rouge complex in Michigan did a century earlier, BlueOval City will usher in a new era for American manufacturing. The 3,600-acre campus covering nearly 6 square miles will encompass vehicle assembly, battery production and a supplier park in a vertically integrated system that delivers cost efficiency while minimizing the carbon footprint of the manufacturing process. The assembly plant will use always-on cloud-connected technologies to drive vast improvements in quality and productivity. The mega campus is designed to add more sustainability solutions, including the potential to use local renewable energy sources such as geothermal, solar and wind power. “West Tennessee is primed to deliver the workforce and quality of life needed to create the next great American success story with Ford Motor Company and SK Innovation,” said Tennessee Gov. Bill Lee. “This is a watershed moment for Tennesseans as we lead the future of the automotive industry and advanced manufacturing.” Creating approximately 6,000 jobs, BlueOval City will be a hive of technical innovation to build next-generation electric F-Series trucks. This growth opportunity will allow Ford to reach new customers with an expanded electric truck lineup. “BlueOval City’s assembly plant will harness Ford’s global manufacturing expertise and cutting-edge technologies to deliver cost efficiencies and the quality that our customers expect,” said Kumar Galhotra, Ford president, Americas & International Markets Group. “This will enable Ford to lead in the race to bring dependable, affordable and advanced electric vehicles to even more Americans.” Bigger assembly plant, smaller environmental impact Despite its size, the assembly plant at BlueOval City is designed to have as minimal an impact as possible on the surrounding environment – and even to generate positive impacts. The assembly plant’s goal is to have a regenerative impact on the local environment through biomimicry in design of the facility. From the start of production in 2025, Ford’s goal is for the assembly plant to be carbon neutral. Through an on-site wastewater treatment plant, the assembly plant aspires to make zero freshwater withdrawals for assembly processes by incorporating water reuse and recycling systems. Zero-waste-to-landfill processes will capture materials and production scrap at an on-site materials collection center to sort and route materials for recycling or processing either at the plant or at off-site facilities once the plant is operational. Ford is collaborating with Redwood Materials, a leading battery materials company, to make electric vehicles more sustainable and affordable for Americans by localizing the supply chain network, creating recycling options for scrap and end-of-life vehicles, and ramping up lithium-ion recycling. Ford believes battery recycling is essential for the success of an electrified future and has the potential to offer significant economic benefits as well as help solve for end-of-life battery recycling. BlueOval SK Battery Park Joining the Ford electric manufacturing revolution is a planned $5.8 billion, 1,500-acre BlueOval SK battery manufacturing campus in Glendale, Ky., which is targeted to open in 2025. Twin co-located plants will be capable of producing up to 43 gigawatt hours each for a total of 86 gigawatt hours annually. Together, these American-made batteries will power next-generation electric Ford and Lincoln vehicles. Bringing 5,000 new jobs to Kentucky, BlueOval SK Battery Park will be centrally located to support Ford’s North American assembly plants’ footprint. “We thank Ford Motor Company and SK Innovation for their investment in Team Kentucky,” said Kentucky Gov. Andy Beshear. “This is the single largest investment in the history of our state and this project solidifies our leadership role in the future of the automotive manufacturing industry. It will transform our economy, creating a better Kentucky, with more opportunities, for our families for generations. Our time is now. Our future is now.” Technician investments in Texas and the U.S. Ford is investing $90 million in Texas alone as part of a $525 million total investment across the U.S. during the next five years to transform America’s auto technician industry. The investment will go toward job training and career readiness initiatives for the current and next generation of technicians. These programs aim to develop highly skilled technicians and will support Ford’s growing portfolio of connected electric vehicles. About Ford Motor Company Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for and deepen the loyalty of those customers. Ford designs, manufactures, markets and services a full line of connected, increasingly electrified passenger and commercial vehicles: Ford trucks, utility vehicles, vans and cars, and Lincoln luxury vehicles. The company is pursuing leadership positions in electrification, connected vehicle services and mobility solutions, including self-driving technology, and provides financial services through Ford Motor Credit Company. Ford employs about 182,000 people worldwide. More information about the company, its products and Ford Motor Credit Company is available at corporate.ford.com. About SK Innovation & Battery Business Established as South Korea’s first oil refining company in 1962, SK Innovation engages in diverse areas of business, including exploration and production (E&P), batteries, and information and electronics materials. It owns SK Energy, South Korea’s No. 1 refining company; SK Global Chemical, the leader in the domestic petrochemical industry; SK Lubricants, a global lubricants company; SK Incheon Petrochem, a refining and chemical company; SK Trading International, a trader of crude oils and petrochemicals; and SK IE Technology, a global information and electronic material solution company. SK Innovation will split off its battery business on October 1 as a wholly owned subsidiary to accelerate business growth and promote corporate value. As part of their management system, SK Innovation Edited October 22, 2021 by notsonice Quote Share this post Link to post Share on other sites
footeab@yahoo.com + 2,190 October 22, 2021 On 10/21/2021 at 12:46 AM, NickW said: It was your point that 'the english are terrified' that generated the rolly eyeballs Sure - they could build an interconnector to the continent. A number of minor issues to consider: Its a long long way A 10 GW interconnector is going to be one massive expensive lump of Copper and Aluminium They could go via Norway, Denmark or the Republic of Ireland but that is a long long way and has its own capacity constraints. The most direct route through shallow sea bed is down the North Sea which happens to be UK territorial waters. 11GW will generate about 44 Twh. If we assume a sale price of £100 / MWh (generous at commercial rates) thats £4.3bn of revenue for Scotland Putting aside little factors like maintenance costs, transmission charges, capital depreciation etc thats a whopping £780 per scots person. Thats actually less than England subs them under the Barnett Formula. I'm quite open to the idea of English independence from the yoke of Scottish subsidy. Either UK/Norway can get Wind/Pumped hydro to work or no one in the world can get it to work. The only place on the planet better suited is patagonia 1 Quote Share this post Link to post Share on other sites
Jay McKinsey + 1,490 October 22, 2021 (edited) 36 minutes ago, notsonice said: Tesla in the future???? Tesla will not be able to match the price of a Ford EV as Ford ramps up. Used EV prices will get cratered long term and the Premium Tesla is getting today will be gone. Competition will bury Elons dreams. I will buy a Ford EV over a Tesla any day of the week. Game on Ford to Lead America’s Shift to Electric Vehicles with New Mega Campus in Tennessee and Twin Battery Plants in Kentucky; $11.4B Investment to Create 11,000 Jobs and Power New Lineup of Advanced EVs Ford to bring electric zero-emission vehicles at scale to American customers with the largest, most advanced, most efficient auto production complex in its 118-year history Called BlueOval City, the complex will be constructed on a nearly 6-square-mile site in west Tennessee and build next-generation electric F-Series pickups and advanced batteries Moreover, a new BlueOval SK Battery Park is to be built in central Kentucky consisting of twin battery plants that will power a new lineup of Ford and Lincoln EVs Ford and SK Innovation plan to invest $11.4 billion and create nearly 11,000 new jobs – close to 6,000 in Stanton, Tennessee, and 5,000 in Glendale, Kentucky; production of the new electric vehicles and advanced lithium-ion batteries will begin in 2025 Three new BlueOval SK battery plants – two in Kentucky and one in Tennessee – will enable 129 gigawatt hours a year of U.S. production capacity for Ford These investments build on Ford’s recent announcements that it will work with Redwood Materials on closed-loop domestic battery recycling and make a new investment to increase production of the F-150 Lightning pickup in Dearborn, Michigan, starting next year Ford is investing $90 million in Texas – $525 million total in the U.S. to train skilled technicians to service connected, electric zero-emission vehicles DEARBORN, Mich., Sept. 27, 2021 – Ford Motor Company is announcing plans to bring electric vehicles at scale to American customers with two new massive, environmentally and technologically advanced campuses in Tennessee and Kentucky that will produce the next generation of electric F-Series trucks and the batteries to power future electric Ford and Lincoln vehicles. Ford plans to make the largest ever U.S. investment in electric vehicles at one time by any automotive manufacturer and, together with its partner, SK Innovation, plans to invest $11.4 billion and create nearly 11,000 new jobs at the Tennessee and Kentucky mega-sites, strengthening local communities and building on Ford’s position as America’s leading employer of hourly autoworkers. An all-new $5.6 billion mega campus in Stanton, Tenn., called BlueOval City, will create approximately 6,000 new jobs and reimagine how vehicles and batteries are manufactured. BlueOval City will become a vertically integrated ecosystem for Ford to assemble an expanded lineup of electric F-Series vehicles and will include a BlueOval SK battery plant, key suppliers and recycling. Ford’s new Tennessee assembly plant is designed to be carbon neutral with zero waste to landfill once fully operational. In central Kentucky, Ford plans to build a dedicated battery manufacturing complex with SK Innovation – the $5.8 billion BlueOval SK Battery Park – creating 5,000 jobs. Twin battery plants on the site are intended to supply Ford’s North American assembly plants with locally assembled batteries for powering next-generation electric Ford and Lincoln vehicles. Investments in the new Tennessee and Kentucky battery plants are planned to be made via BlueOval SK, a new joint venture to be formed by Ford and SK Innovation, subject to definitive agreements, regulatory approvals and other conditions. “This is a transformative moment where Ford will lead America’s transition to electric vehicles and usher in a new era of clean, carbon-neutral manufacturing,” said Ford Executive Chair Bill Ford. “With this investment and a spirit of innovation, we can achieve goals once thought mutually exclusive – protect our planet, build great electric vehicles Americans will love and contribute to our nation’s prosperity.” This news comes amid strong demand for the all-new Ford F-150 Lightning truck, E-Transit and Mustang Mach-E electric vehicles, and is on top of Ford’s recent announcement to expand production capacity and add jobs at the Ford Rouge Electric Vehicle Center in Dearborn, Mich. “This is our moment – our biggest investment ever – to help build a better future for America,” said Jim Farley, Ford president and CEO. “We are moving now to deliver breakthrough electric vehicles for the many rather than the few. It’s about creating good jobs that support American families, an ultra-efficient, carbon-neutral manufacturing system, and a growing business that delivers value for communities, dealers and shareholders.” Ford’s $7 billion investment is the largest ever manufacturing investment at one time by any automotive manufacturer in the U.S. Part of Ford’s more-than-$30 billion investment in electric vehicles through 2025, this investment supports the company’s longer-term goal to create a sustainable American manufacturing ecosystem, and to accelerate its progress towards achieving carbon neutrality, backed by science-based targets in line with the Paris Climate Agreement. Overall, Ford expects 40% to 50% of its global vehicle volume to be fully electric by 2030. “We are proud to be partnering with Ford as they open a new chapter in automobile history,” said Dongseob Jee, president of battery business, SK Innovation. “We are excited to be taking this decisive leap together, as partners, and to bring about our common vision for a cleaner planet. Our joint venture, BlueOval SK, will embody this spirit of collaboration. We look forward to growing our trust-based partnership by delivering on our market-leading value proposition, experience and cutting-edge expertise.” All-new Ford BlueOval City Reimagining how electric vehicles – and the batteries that power them – are designed, manufactured and recycled, Ford is creating an all-new electric vehicle manufacturing ecosystem. BlueOval City will be among the largest auto manufacturing campuses in U.S. history. Like the iconic Rouge complex in Michigan did a century earlier, BlueOval City will usher in a new era for American manufacturing. The 3,600-acre campus covering nearly 6 square miles will encompass vehicle assembly, battery production and a supplier park in a vertically integrated system that delivers cost efficiency while minimizing the carbon footprint of the manufacturing process. The assembly plant will use always-on cloud-connected technologies to drive vast improvements in quality and productivity. The mega campus is designed to add more sustainability solutions, including the potential to use local renewable energy sources such as geothermal, solar and wind power. “West Tennessee is primed to deliver the workforce and quality of life needed to create the next great American success story with Ford Motor Company and SK Innovation,” said Tennessee Gov. Bill Lee. “This is a watershed moment for Tennesseans as we lead the future of the automotive industry and advanced manufacturing.” Creating approximately 6,000 jobs, BlueOval City will be a hive of technical innovation to build next-generation electric F-Series trucks. This growth opportunity will allow Ford to reach new customers with an expanded electric truck lineup. “BlueOval City’s assembly plant will harness Ford’s global manufacturing expertise and cutting-edge technologies to deliver cost efficiencies and the quality that our customers expect,” said Kumar Galhotra, Ford president, Americas & International Markets Group. “This will enable Ford to lead in the race to bring dependable, affordable and advanced electric vehicles to even more Americans.” Bigger assembly plant, smaller environmental impact Despite its size, the assembly plant at BlueOval City is designed to have as minimal an impact as possible on the surrounding environment – and even to generate positive impacts. The assembly plant’s goal is to have a regenerative impact on the local environment through biomimicry in design of the facility. From the start of production in 2025, Ford’s goal is for the assembly plant to be carbon neutral. Through an on-site wastewater treatment plant, the assembly plant aspires to make zero freshwater withdrawals for assembly processes by incorporating water reuse and recycling systems. Zero-waste-to-landfill processes will capture materials and production scrap at an on-site materials collection center to sort and route materials for recycling or processing either at the plant or at off-site facilities once the plant is operational. Ford is collaborating with Redwood Materials, a leading battery materials company, to make electric vehicles more sustainable and affordable for Americans by localizing the supply chain network, creating recycling options for scrap and end-of-life vehicles, and ramping up lithium-ion recycling. Ford believes battery recycling is essential for the success of an electrified future and has the potential to offer significant economic benefits as well as help solve for end-of-life battery recycling. BlueOval SK Battery Park Joining the Ford electric manufacturing revolution is a planned $5.8 billion, 1,500-acre BlueOval SK battery manufacturing campus in Glendale, Ky., which is targeted to open in 2025. Twin co-located plants will be capable of producing up to 43 gigawatt hours each for a total of 86 gigawatt hours annually. Together, these American-made batteries will power next-generation electric Ford and Lincoln vehicles. Bringing 5,000 new jobs to Kentucky, BlueOval SK Battery Park will be centrally located to support Ford’s North American assembly plants’ footprint. “We thank Ford Motor Company and SK Innovation for their investment in Team Kentucky,” said Kentucky Gov. Andy Beshear. “This is the single largest investment in the history of our state and this project solidifies our leadership role in the future of the automotive manufacturing industry. It will transform our economy, creating a better Kentucky, with more opportunities, for our families for generations. Our time is now. Our future is now.” Technician investments in Texas and the U.S. Ford is investing $90 million in Texas alone as part of a $525 million total investment across the U.S. during the next five years to transform America’s auto technician industry. The investment will go toward job training and career readiness initiatives for the current and next generation of technicians. These programs aim to develop highly skilled technicians and will support Ford’s growing portfolio of connected electric vehicles. About Ford Motor Company Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for and deepen the loyalty of those customers. Ford designs, manufactures, markets and services a full line of connected, increasingly electrified passenger and commercial vehicles: Ford trucks, utility vehicles, vans and cars, and Lincoln luxury vehicles. The company is pursuing leadership positions in electrification, connected vehicle services and mobility solutions, including self-driving technology, and provides financial services through Ford Motor Credit Company. Ford employs about 182,000 people worldwide. More information about the company, its products and Ford Motor Credit Company is available at corporate.ford.com. About SK Innovation & Battery Business Established as South Korea’s first oil refining company in 1962, SK Innovation engages in diverse areas of business, including exploration and production (E&P), batteries, and information and electronics materials. It owns SK Energy, South Korea’s No. 1 refining company; SK Global Chemical, the leader in the domestic petrochemical industry; SK Lubricants, a global lubricants company; SK Incheon Petrochem, a refining and chemical company; SK Trading International, a trader of crude oils and petrochemicals; and SK IE Technology, a global information and electronic material solution company. SK Innovation will split off its battery business on October 1 as a wholly owned subsidiary to accelerate business growth and promote corporate value. As part of their management system, SK Innovation I hope Ford does succeed in being competitive. However I'll point out that it is far from certain that the new EV plant will be union and Ford's goal is for one million units produced in five years. Tesla will be at 3 million US units produced by then, if not much more. Edited October 22, 2021 by Jay McKinsey Quote Share this post Link to post Share on other sites
Eyes Wide Open + 3,555 October 22, 2021 (edited) 37 minutes ago, footeab@yahoo.com said: Either UK/Norway can get Wind/Pumped hydro to work or no one in the world can get it to work. The only place on the planet better suited is patagonia I wish the best for the UK citizens, as of right now there facing a precarious situation. In this ever changing as difficult world we now live in their prosperity is vital to world order.... Blame fossil fuels, not renewables, for the UK's winter energy crisisRead more: https://www.newscientist.com/article/2290840-blame-fossil-fuels-not-renewables-for-the-uks-winter-energy-crisis/#ixzz7A3iOZkCJ As to Norway they have a population of 5 million, over a trillion in asset's all funded by fossil fuels. They have quite a cushion which means time to overcome difficulties.. Edited October 22, 2021 by Eyes Wide Open 2 Quote Share this post Link to post Share on other sites
notsonice + 1,255 DM October 22, 2021 1 hour ago, Jay McKinsey said: I hope Ford does succeed in being competitive. However I'll point out that it is far from certain that the new EV plant will be union and Ford's goal is for one million units produced in five years. Tesla will be at 3 million US units produced by then, if not much more. Tesla will be at 3 million US units produced by then, if not much more. ???? maybe without competition. With competition that is now entering the market, Tesla sales will take a hit. Once again Price will matter and the margins on a Tesla will shrink 1 Quote Share this post Link to post Share on other sites
Boat + 1,324 RG October 22, 2021 2 hours ago, notsonice said: Tesla will be at 3 million US units produced by then, if not much more. ???? maybe without competition. With competition that is now entering the market, Tesla sales will take a hit. Once again Price will matter and the margins on a Tesla will shrink It’s to early to even know the price of future electric cars. These huge mega presses, and new style batteries are not mass producing yet. Drastically reduced production times per vehicle are still just talked about. In a year these new plants in Texas and Germany will be rolling and maybe maximizing these tech breakthroughs in two years. Y’all calm down.PS the big number is the 20 million car production per year by 2030. That’s the claim by Musk. 2 Quote Share this post Link to post Share on other sites
Boat + 1,324 RG October 23, 2021 18 hours ago, Ecocharger said: It appears that oil prices will sustain at high levels going forward. https://www.zerohedge.com/markets/one-bank-crunches-numbers-oil-supplydemand-dynamics-reaches-shocking-conclusion?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+(zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero) "In any case, there is a huge range of uncertainty about oil demand, and that is reflected in the wide range of estimates The OPEC secretariat estimated 2030 demand at 106.6 mb/d in its recent World Oil Outlook, released in September. Earlier in October, the EIA – part of the US Department of Energy – released a set of scenarios with 2030 oil demand estimates ranging from 103.4 mb/d to 115.4 mb/d, with a base-case estimate of 109.2 mb/d. Last month, S&P Global Platts showed an estimated for 2030 demand of 113 mb/d in its reference case,and still 102.3 mb/d in its most recent 'Two Degree' scenario released in August. The IEA showed forecasts in its recent World Energy Outlook (WEO) ranging from 103 mb/d under its 'Stated Policies' scenario, down to 72 mb/d under the 'Net Zero Emissions' scenario. However, these are somewhat in contrast with other figures from the IEA, specifically its medium-term oil market forecasts. In 'Oil in 2021', released in March 2021, the IEA estimated demand to reach 104 mb/d already by 2026. Clearly, there is potential for large divergence between what will happen and what should happen. For the purposes of oil market forecasting, Morgan Stanley's working assumption is that oil demand will continue to grow in coming years and still reach a level of ~105 mb/d around the turn of the decade, (based on the two models which it discusses in the full report.) The question then becomes: can the industry supply this? On current trends, the answer is probably 'no'. Here are some arguments why not (much more in the full note) and yes, ESG has a lot to do with it: In recent years, investment in oil & gas field development has fallen sharply – from ~$740bn in 2014 to ~$475bn in 2019,according to data from Rystad (not including exploration spending). In 2020, it fell another 25% to ~$350bn. This level is already consistent with the IEA's Net Zero scenario. The IEA has indicated that in its Net Zero scenario, oil demand will fall by 29% and natural gas demand by 7% by 2030, relative to 2019. As a result, it has also said that "there are no new oil and gas fields approved for development in this pathway". Under this scenario, the IEA estimates that oil prices will be around $35/bbl in 2030 and decline thereafter. The prospect of this scenario is a significant deterrent to invest." I am not an investor or oil man but I can read. US oil production is close to pre pandemic levels. Frac completions and wells drilled are growing in number. There is new tech that allows a 4 well pad to be worked on simultaneously. Drastically improving efficiency. It’s called simulfrac or duel frac. Apparently the Permian uses this tech on up to around 15% of its wells. Time for a Google to catch up boys. The entire Biden lie is like so much of the disinformation. OilPrice should hire me for accurate news and current events. Since Biden took office oil and nat gas is finally making money. Just like oil and gas had historically achievement during Obama’s rule. That’s what the numbers say. Them numbers are stubborn things. PS This year or maybe first quarter both oil and gas will set US production records. Write that down. 2 Quote Share this post Link to post Share on other sites
ronwagn + 6,290 October 23, 2021 On 10/19/2021 at 3:33 PM, Jay McKinsey said: Really? I'm glad you brought that up. Because Tesla is now outselling Lexus, BMW, Mercedes, Dodge, etc. On 10/20/2021 at 10:50 AM, Rob Plant said: UK To Put Nuclear Reactors "At The Heart" Of Its Decarbonization Strategy https://oilprice.com/Latest-Energy-News/World-News/UK-To-Put-Nuclear-Reactors-At-The-Heart-Of-Its-Decarbonization-Strategy.html Thank God!!!! Five to ten years to build? Quote Share this post Link to post Share on other sites
ronwagn + 6,290 October 23, 2021 A realistic view of what Western Civilization is heading into now and in the near future with our present Green Dreams becoming Green Nightmares. https://www.city-journal.org/california-switch-to-primarily-solar-and-wind-powered-grid-is-dead-end?wallit_nosession=1#.YXB16bU1RIs.twitter 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,474 DL October 23, 2021 (edited) California is reeling under a self-inflicted energy crisis, fueled by climate panic. This is the price to be paid by those who voted for Green Biden & Co. administration. Now the Californians are paying through the nose for the folly of anti-fossil fuel frenzy. https://oilprice.com/Latest-Energy-News/World-News/California-Gasoline-Prices-Are-Spiking.html "This week, the world was shocked by news reports that showed images of Gorda’s only gas station charging more than $7 for a gallon of regular gasoline and $8.50 for a gallon of premium. It is a driver’s only choice for gas for many miles. But Gorda Springs has long been known for charging high prices for its gasoline—some of the highest in the country. But elsewhere in California, to the north, gasoline prices have climbed to a level not seen in almost a decade—and not just at a single gas station. The soaring costs are everywhere. Los Angeles/Long Beach prices have risen to $4.54 per gallon for regular gasoline, according to AAA data. What’s more, gasoline prices in Los Angeles saw an increase of $.08 in just a week, a $0.15 rise over the last month, and a staggering $1.36 in a year—marking a 30% increase. In that time, the minimum wage has increased by less than 10%. For lower-income households that often spend twice as much on gasoline as affluent ones (as much as 9% of their total household income), it is a painful reality. California has the highest gasoline tax and fees in the nation and accounts for $0.669 of each gallon of gasoline, according to the API. This does not include the 18.4 cents per gallon in federal excise taxes." Edited October 23, 2021 by Ecocharger 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,474 DL October 23, 2021 23 minutes ago, ronwagn said: A realistic view of what Western Civilization is heading into now and in the near future with our present Green Dreams becoming Green Nightmares. https://www.city-journal.org/california-switch-to-primarily-solar-and-wind-powered-grid-is-dead-end?wallit_nosession=1#.YXB16bU1RIs.twitter Wonderful article, tapping into reality. Here is a good point of enlightenment, "This brings us to the physical roadblock impeding a magical transition to a battery-infused grid enabling sunlight and wind as primary energy. Batteries are an extremely expensive way to store energy in the main because they’re so material-intensive. It requires about 50 pounds of batteries to hold the amount of energy contained in one pound of oil. Obtaining the minerals needed to fabricate one 50-pound battery requires mining and processing roughly 25,000 pounds of materials. This kind of physical disparity really adds up at grid scales." Quote Share this post Link to post Share on other sites
Jay McKinsey + 1,490 October 23, 2021 18 minutes ago, Ecocharger said: Wonderful article, tapping into reality. Here is a good point of enlightenment, "This brings us to the physical roadblock impeding a magical transition to a battery-infused grid enabling sunlight and wind as primary energy. Batteries are an extremely expensive way to store energy in the main because they’re so material-intensive. It requires about 50 pounds of batteries to hold the amount of energy contained in one pound of oil. Obtaining the minerals needed to fabricate one 50-pound battery requires mining and processing roughly 25,000 pounds of materials. This kind of physical disparity really adds up at grid scales." That pound of oil has to be constantly replaced because it disappears. Those batteries will work for a couple decades charging and discharging before needing to be replaced. The end result is that the equivalent weight of the oil is far more than the batteries. Quote Share this post Link to post Share on other sites
Ecocharger + 1,474 DL October 23, 2021 10 hours ago, Jay McKinsey said: That pound of oil has to be constantly replaced because it disappears. Those batteries will work for a couple decades charging and discharging before needing to be replaced. The end result is that the equivalent weight of the oil is far more than the batteries. Jay, read the whole article. You have to look at cost and practicality. Quote Share this post Link to post Share on other sites
Jay McKinsey + 1,490 October 23, 2021 (edited) 34 minutes ago, Ecocharger said: Jay, read the whole article. You have to look at cost and practicality. I did read the whole article. It was as dumb as that weight comparison it made (what you call enlightenment). Right now Tesla is building a new factory here that will produce 100 Moss Landing batteries every three years. What you allude to as high cost and impractical we call three years worth of output from a factory in an old JCPenney distribution center. And yes, battery costs continue to decline exponentially, especially grid batteries. Edited October 23, 2021 by Jay McKinsey 1 Quote Share this post Link to post Share on other sites
notsonice + 1,255 DM October 23, 2021 19 hours ago, Boat said: It’s to early to even know the price of future electric cars. These huge mega presses, and new style batteries are not mass producing yet. Drastically reduced production times per vehicle are still just talked about. In a year these new plants in Texas and Germany will be rolling and maybe maximizing these tech breakthroughs in two years. Y’all calm down.PS the big number is the 20 million car production per year by 2030. That’s the claim by Musk. Tesla Texas? more of the same 4 door sedans. Overpriced and not in infinite market for them. The US market it over 2/3rds light trucks and SUVs. Elon s Semi Truck delayed again and his pickup dream? just a dream 1 Quote Share this post Link to post Share on other sites
Eyes Wide Open + 3,555 October 23, 2021 3 hours ago, Jay McKinsey said: I did read the whole article. It was as dumb as that weight comparison it made (what you call enlightenment). Right now Tesla is building a new factory here that will produce 100 Moss Landing batteries every three years. What you allude to as high cost and impractical we call three years worth of output from a factory in an old JCPenney distribution center. And yes, battery costs continue to decline exponentially, especially grid batteries. Market Bubble alert...I sense a huge investment opportunity..." Battery Inspector" Build back better does come to mind. Major Calif. battery outage highlights energy storage risks A root cause analysis is underway and significant work is being done to determine exactly what happened,” Vistra spokesperson Meranda Cohn said in a statement to E&E News. “But it will take time.” Cohn pointed to the size of the 300-MW facility and battery system, saying there are “more than 4,500 racks or cabinets that each contain 22 battery modules — that’s nearly 100,000 modules … and we will inspect every one of them.” She also said that “at this point in our investigation, there is not an indication of fire.” Cohn said people and communities were kept safe during the event. Vistra indicated the overheating affected a “limited number” of modules the evening of Sept. 4. Quote Share this post Link to post Share on other sites
Jay McKinsey + 1,490 October 23, 2021 1 hour ago, Eyes Wide Open said: Market Bubble alert...I sense a huge investment opportunity..." Battery Inspector" Build back better does come to mind. Major Calif. battery outage highlights energy storage risks A root cause analysis is underway and significant work is being done to determine exactly what happened,” Vistra spokesperson Meranda Cohn said in a statement to E&E News. “But it will take time.” Cohn pointed to the size of the 300-MW facility and battery system, saying there are “more than 4,500 racks or cabinets that each contain 22 battery modules — that’s nearly 100,000 modules … and we will inspect every one of them.” She also said that “at this point in our investigation, there is not an indication of fire.” Cohn said people and communities were kept safe during the event. Vistra indicated the overheating affected a “limited number” of modules the evening of Sept. 4. Vistra says Moss Landing incident likely not related to lithium-ion batteries The company said its root cause review has not found any battery temperature measurements in excess of established limits at the time safety systems activated. An initial review found that a “small, single-digit percentage” of the batteries had been impacted. https://pv-magazine-usa.com/2021/09/30/vistra-says-moss-landing-incident-likely-not-related-to-lithium-ion-batteries/ Quote Share this post Link to post Share on other sites
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