GREEN NEW DEAL = BLIZZARD OF LIES

[Boat + 1,324]

54 minutes ago, Jay McKinsey said:

Hertz orders 100,000 Teslas in deal reportedly worth $4.2 billion

Hertz now plans to electrify nearly all of its roughly 500,000 cars and vans, with the Tesla order comprising a significant first chunk.

https://www.theverge.com/2021/10/25/22744504/hertz-tesla-order-100000-vehicles-electrify-fleet

 

It’s gonna be a race to get inline for anything electric from Tesla. That may change if Tesla has tech problems ramping up their new batteries and new factories but it seems big money has faith in Musk. Stock is over $950 and climbing. Musk is already bigger than Buffett and Gates together. When will he take over 2-11. Lol

[Eyes Wide Open + 3,555]

33 minutes ago, Boat said:

It’s gonna be a race to get inline for anything electric from Tesla. That may change if Tesla has tech problems ramping up their new batteries and new factories but it seems big money has faith in Musk. Stock is over $950 and climbing. Musk is already bigger than Buffett and Gates together. When will he take over 2-11. Lol

Rumor Has It?

Ah drama worth following. Who finances a company that is already upside down.

Financially troubled Hertz appoints new president and CEO

https://www.news-press.com/story/money/companies/2020/05/18/hertz-has-chosen-new-leader-paul-stone-looks-survive-covid-19/5212201002/

[Eyes Wide Open + 3,555]

1 hour ago, Jay McKinsey said:

Hertz orders 100,000 Teslas in deal reportedly worth $4.2 billion

Hertz now plans to electrify nearly all of its roughly 500,000 cars and vans, with the Tesla order comprising a significant first chunk.

https://www.theverge.com/2021/10/25/22744504/hertz-tesla-order-100000-vehicles-electrify-fleet

 

The desperation reeks of corruption on a magnitude never yet seen.

https://www.news-press.com/story/money/companies/2020/05/18/hertz-has-chosen-new-leader-paul-stone-looks-survive-covid-19/5212201002/

Financially troubled Hertz appoints new president and CEO

[Jay McKinsey + 1,490]

1 minute ago, Eyes Wide Open said:

The desperation reeks of corruption on a magnitude never yet seen.

https://www.news-press.com/story/money/companies/2020/05/18/hertz-has-chosen-new-leader-paul-stone-looks-survive-covid-19/5212201002/

Financially troubled Hertz appoints new president and CEO

Desperation is double posting year and a half old information. 

Hertz emerged from bankruptcy several months ago. You may recall that we had this huge economic event a year ago that shut down travel. Now that travel has started again demand for rental cars has returned. It is quite simple, try and keep up.

[notsonice + 1,255]

24 minutes ago, Eyes Wide Open said:

The desperation reeks of corruption on a magnitude never yet seen.

https://www.news-press.com/story/money/companies/2020/05/18/hertz-has-chosen-new-leader-paul-stone-looks-survive-covid-19/5212201002/

Financially troubled Hertz appoints new president and CEO

You obviously have not tried to rent a car in the last few months, No discounts and the cars are rented out 3 months in advance. Rate for a 3 day rental at xmas in NYC $700. Hertz is now making a fortune. 2021 is not the same as Trumps depression of 2020.

Avis and Hertz Stock Surged. Why the Rally Can Continue.

---

By

Andrew Bary

Updated Oct. 10, 2021 8:24 pm ET / Original Oct. 10, 2021 8:00 am

Barron's Newsletters

The Barron's Daily

A morning briefing on what you need to know in the day ahead, including exclusive commentary from Barron's and MarketWatch writers.

People wait in line at Avis rental agency in the Miami International Airport Car in Florida.Joe Raedle/Getty Images The rental-car industry has become one of the hottest areas of the stock market lately as investors take a more bullish view on what one analyst called a historically “dysfunctional oligopoly.”Rental-car pricing has been strong and so have used-car prices, which helps companies when they unload their fleets. The prospect of new-car shortages lasting into 2022 could mean that tight industry conditions will persist and allow high profitability to continue.Avis Budget Group (ticker: CAR) hit another record high Friday and ended the session at $138.20, up $11.75, or 9.3%. The stock is up over 50% since Sept. 15. Avis is valued now at $9.2 billion.Hertz Global Holdings (HTZZ), which emerged from bankruptcy on June 30, gained 25 cents Friday at $26.25 and has risen 35% this past week. Hertz was buoyed by news earlier this week that board member Mark Fields, a former Ford Motor CEO, will become interim CEO. Hertz is valued at $12 billion. Barron’s has written favorably on Hertz.

Hertz has said it wants to do a “re-IPO” by year-end with an investor roadshow and those events could happen in the next month or so. That could raise Hertz’s profile with investors as will a planned shift in Hertz’s listing to either the Nasdaq or NYSE from the Pink Sheets.

“What was a dysfunctional oligopoly with no pricing power now is a functioning oligopoly with pricing power,” says Jefferies analyst Hamzah Mazari, who has a Buy rating on Avis. “Historical valuation ranges may not be relevant anymore.” He doesn’t cover Hertz, which has virtually no analyst coverage. Avis, Hertz and the private Enterprise control over 90% of the U.S. rental-car market.

Mazari notes that Avis could generate $1.5 billion in earnings before interest, taxes, depreciation, and amortization (Ebitda) this year, nearly double pre-Covid levels. “People thought next year would be about $1 billion, but with the auto supply shortage, it could be $1.4 billion,” Mazari says.

With rental cars in short supply, it can be expensive to get one. A three-day rental of a compact car in New York around Christmas was recently quoted at $700.

“Now you have Mark Fields as CEO of Hertz, and the company has no net debt and is not chasing market share,” Mazari says. Hertz, he says, formerly was the industry’s “bad actor” that went after market share at the expense of profits prior to its bankruptcy.

Mazari notes that Hertz projected in bankruptcy-court documents that it wouldn’t be making huge additions to its fleet in the coming years—a bullish sign.

Hertz had about 421,000 vehicles globally in its fleet at the end of the second quarter with 350,000 in the U.S. The global total was down from 715,000 in 2019 and Hertz sees that growing to 543,000 in 2022 and 603,000 in 2023. These figures are just estimates and could change based on vehicle availability and other factors.

 

Edited October 25, 2021 by notsonice

[Eyes Wide Open + 3,555]

5 hours ago, Jay McKinsey said:

Desperation is double posting year and a half old information. 

Hertz emerged from bankruptcy several months ago. You may recall that we had this huge economic event a year ago that shut down travel. Now that travel has started again demand for rental cars has returned. It is quite simple, try and keep up.

You do have a nack for picking a winner, first green energy and now a rental car company fresh out of bankruptcy due to a world pandemic. I might suggest a time out and reflect upon the airlines and international travel....One yr out and a 4 billion advance...Ohh well.

Your No.1 Top pick...

An Energy Crisis Is Gripping The World, Are We Next?

In case you didn't realize it, our world currently has energy crisis. Not because there is anything wrong with the world. No, this is purely a man-made problem.

The reality is, climate change sounds good, and a lot of people can make a lot of money off of it. And that's what going 'green' is really all about.

 

At the end of the day, we still need to live off of gas and oil, and the truth is, it's perfectly fine.

As has been written in this space before, there is enough oil in the state of Texas to supply the needs of the entire world. Unfortunately, hours after being sworn in, Joe Biden shut it down, and now as a result we have the highest gas prices here in the U.S. in 7 years! While we cower, and beg OPEC for more oil.

"That's embarrassing, that is poor public policy, and poor decision making" said David Holt, president of Consumer Energy Alliance, "These are elected officials who continue to say the only way to meet our environmental needs is to ban oil and natural gas. That is a fallacy, a myth, a unicorn."

He's right. But this is not about what's right. Global leaders will gather later this month for a big 'climate change summit' to discuss what has become a 'green' revolution. It's a great sales pitch, and it all sounds really nice. The bottom line is, renewable energy is not reliable.

Countries around the world are struggling. Case in point, Europe tried to go green, and it's been disaster. Now, they're paying record highs for gas and oil from Russia.

 

"We need to look at the lessons that are happening in real time today in Europe, and not repeat those lessons" Holt told KTRH, "On the current trajectory, based on the current narrative coming out of Washington, that's exactly where we're headed. This is all predictable."

So what does that mean for here in Texas? Especially after the winter storm? "As we prepare for winter, we expect energy prices to go up" Holt said, "We don't want to have blackouts, it's an unfortunate situation, and in 21st century America it's not something that any voter in this country should stand for.

An Energy Crisis Is Gripping The World, Are We Next? | NewsRadio 740 KTRH (iheart.com)

Edited October 26, 2021 by Eyes Wide Open

[Eyes Wide Open + 3,555]

5 hours ago, notsonice said:

You obviously have not tried to rent a car in the last few months, No discounts and the cars are rented out 3 months in advance. Rate for a 3 day rental at xmas in NYC $700. Hertz is now making a fortune. 2021 is not the same as Trumps depression of 2020.

Avis and Hertz Stock Surged. Why the Rally Can Continue.

---

By

Andrew Bary

Updated Oct. 10, 2021 8:24 pm ET / Original Oct. 10, 2021 8:00 am

Barron's Newsletters

The Barron's Daily

A morning briefing on what you need to know in the day ahead, including exclusive commentary from Barron's and MarketWatch writers.

People wait in line at Avis rental agency in the Miami International Airport Car in Florida.Joe Raedle/Getty Images The rental-car industry has become one of the hottest areas of the stock market lately as investors take a more bullish view on what one analyst called a historically “dysfunctional oligopoly.”Rental-car pricing has been strong and so have used-car prices, which helps companies when they unload their fleets. The prospect of new-car shortages lasting into 2022 could mean that tight industry conditions will persist and allow high profitability to continue.Avis Budget Group (ticker: CAR) hit another record high Friday and ended the session at $138.20, up $11.75, or 9.3%. The stock is up over 50% since Sept. 15. Avis is valued now at $9.2 billion.Hertz Global Holdings (HTZZ), which emerged from bankruptcy on June 30, gained 25 cents Friday at $26.25 and has risen 35% this past week. Hertz was buoyed by news earlier this week that board member Mark Fields, a former Ford Motor CEO, will become interim CEO. Hertz is valued at $12 billion. Barron’s has written favorably on Hertz.

Hertz has said it wants to do a “re-IPO” by year-end with an investor roadshow and those events could happen in the next month or so. That could raise Hertz’s profile with investors as will a planned shift in Hertz’s listing to either the Nasdaq or NYSE from the Pink Sheets.

“What was a dysfunctional oligopoly with no pricing power now is a functioning oligopoly with pricing power,” says Jefferies analyst Hamzah Mazari, who has a Buy rating on Avis. “Historical valuation ranges may not be relevant anymore.” He doesn’t cover Hertz, which has virtually no analyst coverage. Avis, Hertz and the private Enterprise control over 90% of the U.S. rental-car market.

Mazari notes that Avis could generate $1.5 billion in earnings before interest, taxes, depreciation, and amortization (Ebitda) this year, nearly double pre-Covid levels. “People thought next year would be about $1 billion, but with the auto supply shortage, it could be $1.4 billion,” Mazari says.

With rental cars in short supply, it can be expensive to get one. A three-day rental of a compact car in New York around Christmas was recently quoted at $700.

“Now you have Mark Fields as CEO of Hertz, and the company has no net debt and is not chasing market share,” Mazari says. Hertz, he says, formerly was the industry’s “bad actor” that went after market share at the expense of profits prior to its bankruptcy.

Mazari notes that Hertz projected in bankruptcy-court documents that it wouldn’t be making huge additions to its fleet in the coming years—a bullish sign.

Hertz had about 421,000 vehicles globally in its fleet at the end of the second quarter with 350,000 in the U.S. The global total was down from 715,000 in 2019 and Hertz sees that growing to 543,000 in 2022 and 603,000 in 2023. These figures are just estimates and could change based on vehicle availability and other factors.

 

Let me guess, Biden&Co will be renting Tesla's in a effort to expedite the return of the massive illegal immigrants crossing the southern border...Might as well i guess there is not a single market segment he has not botched...And you would be correct i do not rent cars...I believe i never have.

[Jay McKinsey + 1,490]

2 hours ago, Eyes Wide Open said:

You do have a nack for picking a winner, first green energy and now a rental car company fresh out of bankruptcy due to a world pandemic. I might suggest a time out and reflect upon the airlines and international travel....One yr out and a 4 billion advance...Ohh well.

Your No.1 Top pick...

An Energy Crisis Is Gripping The World, Are We Next?

In case you didn't realize it, our world currently has energy crisis. Not because there is anything wrong with the world. No, this is purely a man-made problem.

The reality is, climate change sounds good, and a lot of people can make a lot of money off of it. And that's what going 'green' is really all about.

 

At the end of the day, we still need to live off of gas and oil, and the truth is, it's perfectly fine.

As has been written in this space before, there is enough oil in the state of Texas to supply the needs of the entire world. Unfortunately, hours after being sworn in, Joe Biden shut it down, and now as a result we have the highest gas prices here in the U.S. in 7 years! While we cower, and beg OPEC for more oil.

"That's embarrassing, that is poor public policy, and poor decision making" said David Holt, president of Consumer Energy Alliance, "These are elected officials who continue to say the only way to meet our environmental needs is to ban oil and natural gas. That is a fallacy, a myth, a unicorn."

He's right. But this is not about what's right. Global leaders will gather later this month for a big 'climate change summit' to discuss what has become a 'green' revolution. It's a great sales pitch, and it all sounds really nice. The bottom line is, renewable energy is not reliable.

Countries around the world are struggling. Case in point, Europe tried to go green, and it's been disaster. Now, they're paying record highs for gas and oil from Russia.

 

"We need to look at the lessons that are happening in real time today in Europe, and not repeat those lessons" Holt told KTRH, "On the current trajectory, based on the current narrative coming out of Washington, that's exactly where we're headed. This is all predictable."

So what does that mean for here in Texas? Especially after the winter storm? "As we prepare for winter, we expect energy prices to go up" Holt said, "We don't want to have blackouts, it's an unfortunate situation, and in 21st century America it's not something that any voter in this country should stand for.

An Energy Crisis Is Gripping The World, Are We Next? | NewsRadio 740 KTRH (iheart.com)

It's called the free market capitalist system that you claim to love. You are seeing it in action. The government is not involved in this deal. You are just sour grapes that you missed out on investing in Hertz, so did I, shucks.

Edited October 26, 2021 by Jay McKinsey

[Ecocharger + 1,474]

21 hours ago, Jay McKinsey said:

The used car market does not create more used cars because they are bought and sold. The percentage of used cars sold is irrelevant. The only sales that matter are new cars because those are the only sales that add to the vehicle stock.

Yes cars last 20 years and 10 years after a new car market reaches 100% EV the stock of cars will be 50% EV. Ten years after that it will be 100% EV. Actually I checked and the average age of a car in China is only 5 years so they will be 100% stock of EVs just 10 years after reaching new car EV sales of 100%. 

Europe and China will be at 100% new EV within 5 years. The US will be there within 10 years and the rest of the world in 15.

 

 

What is relevant is the total vehicle stock, and that includes used cars, which are a huge base of vehicles. EVs are a miniscule percentage of vehicles stock everywhere. That will continue to drive up demand for gasoline and oil. Your long-term projections are fantasy.

[Ecocharger + 1,474]

10 hours ago, Jay McKinsey said:

(sigh) It is about the growth rate. In a few years it will be 15 or 20 million new EVs a year and the Chinese vehicle stock will be fully replaced with EVs in 10 to 20 years. 

China had 365 million motorized vehicles on the road, including around 280 million cars,

 

You don't know the future, stop pretending that you can read that crystal ball of yours. Total vehicle stock is 365 million, 2 million EV....you should be able to figure out the percentage yourself, Jay.

Edited October 26, 2021 by Ecocharger

[Ecocharger + 1,474]

China has decided to stop the rise of coal prices by ramping up coal production with a vengeance.

https://oilprice.com/Energy/Coal/China-Is-Determined-To-Kill-The-Coal-Price-Rally.html

"President Xi Jinping recently claimed that Beijing will do its utmost to ensure the stable supply of coal and electricity. Yet with China celebrating the Communist Party’s centenary this year and deliberately avoiding reputation-damaging events by banning unscrupulous mining activities, Beijing has curbed the nation’s overall production by shutting unsafe mines. This is no longer the party policy and the direction going forward is to produce as much as possible. Simultaneously to the expected production increase, the federal authorities were warning companies that they have zero tolerance for coal hoarding, holding regular talks with the nation’s largest corporations, persuading them to use energy rationally and use their stocks accordingly. 

Within a couple of days, several of China’s largest coal-producing companies have dutifully pledged to ramp up output and consequently bring coal prices back down to a “reasonable range”, concurrently agreeing to a price cap for the winter and spring seasons of 2021-2022. October is already seeing a tangible month-on-month increase in coal production rates and if the current output levels are sustained over Q4, aggregate Chinese production is poised to reach an all-time high this year, at 4 billion tons. "

Edited October 26, 2021 by Ecocharger

[Ecocharger + 1,474]

7 hours ago, notsonice said:

You obviously have not tried to rent a car in the last few months, No discounts and the cars are rented out 3 months in advance. Rate for a 3 day rental at xmas in NYC $700. Hertz is now making a fortune. 2021 is not the same as Trumps depression of 2020.

Avis and Hertz Stock Surged. Why the Rally Can Continue.

---

By

Andrew Bary

Updated Oct. 10, 2021 8:24 pm ET / Original Oct. 10, 2021 8:00 am

Barron's Newsletters

The Barron's Daily

A morning briefing on what you need to know in the day ahead, including exclusive commentary from Barron's and MarketWatch writers.

People wait in line at Avis rental agency in the Miami International Airport Car in Florida.Joe Raedle/Getty Images The rental-car industry has become one of the hottest areas of the stock market lately as investors take a more bullish view on what one analyst called a historically “dysfunctional oligopoly.”Rental-car pricing has been strong and so have used-car prices, which helps companies when they unload their fleets. The prospect of new-car shortages lasting into 2022 could mean that tight industry conditions will persist and allow high profitability to continue.Avis Budget Group (ticker: CAR) hit another record high Friday and ended the session at $138.20, up $11.75, or 9.3%. The stock is up over 50% since Sept. 15. Avis is valued now at $9.2 billion.Hertz Global Holdings (HTZZ), which emerged from bankruptcy on June 30, gained 25 cents Friday at $26.25 and has risen 35% this past week. Hertz was buoyed by news earlier this week that board member Mark Fields, a former Ford Motor CEO, will become interim CEO. Hertz is valued at $12 billion. Barron’s has written favorably on Hertz.

Hertz has said it wants to do a “re-IPO” by year-end with an investor roadshow and those events could happen in the next month or so. That could raise Hertz’s profile with investors as will a planned shift in Hertz’s listing to either the Nasdaq or NYSE from the Pink Sheets.

“What was a dysfunctional oligopoly with no pricing power now is a functioning oligopoly with pricing power,” says Jefferies analyst Hamzah Mazari, who has a Buy rating on Avis. “Historical valuation ranges may not be relevant anymore.” He doesn’t cover Hertz, which has virtually no analyst coverage. Avis, Hertz and the private Enterprise control over 90% of the U.S. rental-car market.

Mazari notes that Avis could generate $1.5 billion in earnings before interest, taxes, depreciation, and amortization (Ebitda) this year, nearly double pre-Covid levels. “People thought next year would be about $1 billion, but with the auto supply shortage, it could be $1.4 billion,” Mazari says.

With rental cars in short supply, it can be expensive to get one. A three-day rental of a compact car in New York around Christmas was recently quoted at $700.

“Now you have Mark Fields as CEO of Hertz, and the company has no net debt and is not chasing market share,” Mazari says. Hertz, he says, formerly was the industry’s “bad actor” that went after market share at the expense of profits prior to its bankruptcy.

Mazari notes that Hertz projected in bankruptcy-court documents that it wouldn’t be making huge additions to its fleet in the coming years—a bullish sign.

Hertz had about 421,000 vehicles globally in its fleet at the end of the second quarter with 350,000 in the U.S. The global total was down from 715,000 in 2019 and Hertz sees that growing to 543,000 in 2022 and 603,000 in 2023. These figures are just estimates and could change based on vehicle availability and other factors.

 

Exercising market power through oligopoly usually triggers a federal investigation...that usually stops the pricing power.

[Ecocharger + 1,474]

56 minutes ago, Jay McKinsey said:

It's called the free market capitalist system that you claim to love. You are seeing it in action. The government is not involved in this deal. You are just sour grapes that you missed out on investing in Hertz, so did I, shucks.

Better watch out for those anti-combine investigators...that can hurt.

[Ecocharger + 1,474]

Everything looks rosy for oil...which is good for the poor folks of this planet, who might otherwise find their standard of living slashed by Green crusaders disguised as government officials.

https://oilprice.com/Energy/Energy-General/Oil-Prices-Will-Remain-High-For-Years-To-Come.html

"RBC Capital Markets analysts said the global oil market is shaping up for a strong bull cycle, led by supply tightening and demand strengthening at the same time. “We maintain the view that we have held all year - that the oil market remains in the early days of a multi-year, structurally strong cycle,” RBC analyst Michael Tran said in a note."

Edited October 26, 2021 by Ecocharger

[ronwagn + 6,290]

9 hours ago, Boat said:

It’s gonna be a race to get inline for anything electric from Tesla. That may change if Tesla has tech problems ramping up their new batteries and new factories but it seems big money has faith in Musk. Stock is over $950 and climbing. Musk is already bigger than Buffett and Gates together. When will he take over 2-11. Lol

It is a great way to get people to try a Tesla. 

[ronwagn + 6,290]

40 minutes ago, Ecocharger said:

China has decided to stop the rise of coal prices by ramping up coal production with a vengeance.

https://oilprice.com/Energy/Coal/China-Is-Determined-To-Kill-The-Coal-Price-Rally.html

"President Xi Jinping recently claimed that Beijing will do its utmost to ensure the stable supply of coal and electricity. Yet with China celebrating the Communist Party’s centenary this year and deliberately avoiding reputation-damaging events by banning unscrupulous mining activities, Beijing has curbed the nation’s overall production by shutting unsafe mines. This is no longer the party policy and the direction going forward is to produce as much as possible. Simultaneously to the expected production increase, the federal authorities were warning companies that they have zero tolerance for coal hoarding, holding regular talks with the nation’s largest corporations, persuading them to use energy rationally and use their stocks accordingly. 

Within a couple of days, several of China’s largest coal-producing companies have dutifully pledged to ramp up output and consequently bring coal prices back down to a “reasonable range”, concurrently agreeing to a price cap for the winter and spring seasons of 2021-2022. October is already seeing a tangible month-on-month increase in coal production rates and if the current output levels are sustained over Q4, aggregate Chinese production is poised to reach an all-time high this year, at 4 billion tons. "

They are also importing as much coal as possible.

[Boat + 1,324]

3 hours ago, Eyes Wide Open said:

You do have a nack for picking a winner, first green energy and now a rental car company fresh out of bankruptcy due to a world pandemic. I might suggest a time out and reflect upon the airlines and international travel....One yr out and a 4 billion advance...Ohh well.

Your No.1 Top pick...

An Energy Crisis Is Gripping The World, Are We Next?

In case you didn't realize it, our world currently has energy crisis. Not because there is anything wrong with the world. No, this is purely a man-made problem.

The reality is, climate change sounds good, and a lot of people can make a lot of money off of it. And that's what going 'green' is really all about.

 

At the end of the day, we still need to live off of gas and oil, and the truth is, it's perfectly fine.

As has been written in this space before, there is enough oil in the state of Texas to supply the needs of the entire world. Unfortunately, hours after being sworn in, Joe Biden shut it down, and now as a result we have the highest gas prices here in the U.S. in 7 years! While we cower, and beg OPEC for more oil.

"That's embarrassing, that is poor public policy, and poor decision making" said David Holt, president of Consumer Energy Alliance, "These are elected officials who continue to say the only way to meet our environmental needs is to ban oil and natural gas. That is a fallacy, a myth, a unicorn."

He's right. But this is not about what's right. Global leaders will gather later this month for a big 'climate change summit' to discuss what has become a 'green' revolution. It's a great sales pitch, and it all sounds really nice. The bottom line is, renewable energy is not reliable.

Countries around the world are struggling. Case in point, Europe tried to go green, and it's been disaster. Now, they're paying record highs for gas and oil from Russia.

 

"We need to look at the lessons that are happening in real time today in Europe, and not repeat those lessons" Holt told KTRH, "On the current trajectory, based on the current narrative coming out of Washington, that's exactly where we're headed. This is all predictable."

So what does that mean for here in Texas? Especially after the winter storm? "As we prepare for winter, we expect energy prices to go up" Holt said, "We don't want to have blackouts, it's an unfortunate situation, and in 21st century America it's not something that any voter in this country should stand for.

An Energy Crisis Is Gripping The World, Are We Next? | NewsRadio 740 KTRH (iheart.com)

The news makes a big deal out of Russia/OPEC cutting production to artificially drive prices. I’ve seen it happen several times in my lifetime. So who cares, it will just push the politics towards renewables faster. The tail wagging the dog is always short term. 

[Boat + 1,324]

2 minutes ago, ronwagn said:

They are also importing as much coal as possible.

I guess those floods will be a story when the reporting catches up. Hard to harvest and burn energy when your drowning. 

[Boat + 1,324]

19 minutes ago, ronwagn said:

It is a great way to get people to try a Tesla. 

There is plenty of politics about Tesla but the US car culture loves speed and power. Tesla’s cars have plenty of both. I don’t think this gets much attention unless you see the drag races on YouTube. Rental electric cars will be tested. Lol

[ronwagn + 6,290]

1 minute ago, Boat said:

There is plenty of politics about Tesla but the US car culture loves speed and power. Tesla’s cars have plenty of both. I don’t think this gets much attention unless you see the drag races on YouTube. Rental electric cars will be tested. Lol

I would definitely rent one to try but would buy a hybrid if I were in the market. They fit my usage except on vacations. I have three low mileage ICE vehicles. One that gets 40 mpg. 

[ronwagn + 6,290]

9 minutes ago, Boat said:

I guess those floods will be a story when the reporting catches up. Hard to harvest and burn energy when your drowning. 

Next year they will have bigger hills of coal waiting. 

[Eyes Wide Open + 3,555]

1 hour ago, Jay McKinsey said:

It's called the free market capitalist system that you claim to love. You are seeing it in action. The government is not involved in this deal. You are just sour grapes that you missed out on investing in Hertz, so did I, shucks.

You quoting free markets? 

[Jay McKinsey + 1,490]

2 minutes ago, Eyes Wide Open said:

You quoting free markets? 

I'm not sure what that means but yes this is a free market action to fund Hertz and for Tesla to sell them the cars.  

[Boat + 1,324]

6 minutes ago, ronwagn said:

I would definitely rent one to try but would buy a hybrid if I were in the market. They fit my usage except on vacations. I have three low mileage ICE vehicles. One that gets 40 mpg. 

I probably wouldn’t own one till the chargers are built out with food, snacks and drinks. Even then waiting past 15 min would be to long. I read about superchargers and better batteries. We’ll wait and see how successful that goes and how long it takes.

[Boat + 1,324]

On the other hand I could deal with a 400 mile range and up. Driving  3 hrs out and 3 back most can plan around. That would be home charging. I think any road charging is to much of a time killer. 

Edited October 26, 2021 by Boat