Ecocharger + 1,428 DL yesterday at 09:29 PM (edited) 2 hours ago, notsonice said: Ecochump ....did you get the news.........are you partying???????? oh wait the actual prices declined Oil Prices WTI CRUDE • 70.41 -0.78 -1.10% BRENT CRUDE •10 mins 73.14 -0.56 -0.76% did you catch the highlights from the article https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Rise-on-Jumbo-Fed-Rate-Cut.html Oil prices began responding to the rate cut immediately, with downward trending prices flattening out just minutes after the rate cut announcement. Huh???????? downward trending prices flattening out?????? Ecochump I will let you reconcile this with your oil demand is getting hot and hotter... oh the other highlight.... Making America Great Again Inflation in the U.S. is now essentially tamed, and this first Fed rate cut since COVID is likely to slash the costs of borrowing from now until the presidential elections, in a boost for the Democrats. Rise on Jumbo Fed Rate Cut | OilPrice.com Crude Oil Prices Today | OilPrice.com https://oilprice.com › Latest Energy News 54 minutes ago — At 2:11 p.m. ET on Wednesday, Brent crude was trading up 0.11% at $73.78, while WTI was trading down 0.10% at $71.12. The DOW also jumped 30 ... I've got news for you, buddy...EVs are being offered at giveaway prices, showing the dumpster routine which is currently underway in the EV sector. https://www.forbes.com/sites/jimgorzelany/2024/09/10/study-shows-major-price-cuts-on-used-electric-vehicles/ "One bright side to the genre’s reversal of fortunes is that new EV transaction prices have been falling to help counter the weakening demand, with automakers offering cash rebates as rich as $7,500-$10,000 this month to help their dealers winnow their inventories." Edited yesterday at 09:29 PM by Ecocharger Quote Share this post Link to post Share on other sites
notsonice + 1,219 DM 23 hours ago 45 minutes ago, Ecocharger said: I've got news for you, buddy...EVs are being offered at giveaway prices, showing the dumpster routine which is currently underway in the EV sector. https://www.forbes.com/sites/jimgorzelany/2024/09/10/study-shows-major-price-cuts-on-used-electric-vehicles/ "One bright side to the genre’s reversal of fortunes is that new EV transaction prices have been falling to help counter the weakening demand, with automakers offering cash rebates as rich as $7,500-$10,000 this month to help their dealers winnow their inventories." affordable EVs ........great guess what happens when the prices decrease........... yep you got it sales go up Your economics degree finally gets some use......... and why are prices going down???? because your pal Elon was having a hard time selling his overpriced EVs and to top it off interest rates are going down...oh my do you think with lower prices and lower interest rates sales will go up or down????????? Did you catch the price dropping for your clunkers????? looks like they were in the same boat Axios New vehicle prices are down for the 10th straight month After years of soaring prices, the cost of a new car is falling, per a batch of fresh data out this week. . 1 month ago Enjoy the competition ............ and now back to your love for Oil Your fellow countrymen in China are decreasing their oil consumption......Pesky EVs Axios China's oil slowdown has worldwide implications It's by far the world's largest oil importer, so stalling demand growth is helping push down global prices. . 1 day ago Quote Share this post Link to post Share on other sites
TailingsPond + 648 GE 23 hours ago 53 minutes ago, Ecocharger said: I've got news for you, buddy...EVs are being offered at giveaway prices, showing the dumpster routine which is currently underway in the EV sector. https://www.forbes.com/sites/jimgorzelany/2024/09/10/study-shows-major-price-cuts-on-used-electric-vehicles/ "One bright side to the genre’s reversal of fortunes is that new EV transaction prices have been falling to help counter the weakening demand, with automakers offering cash rebates as rich as $7,500-$10,000 this month to help their dealers winnow their inventories." At least you guys can now shut up about EVs being prohibitively expensive to the average Joe. Quote Share this post Link to post Share on other sites
Boat + 1,323 RG 12 hours ago On 9/15/2024 at 11:28 PM, Ron Wagner said: What do you think is the correlation between a booming economy and a 30 trillion dollar debt that may never be paid off? How about an American auto industry that is dying? Real wages dropping? I thought government debt would destroy the US economy back when GW cut taxes and went into two wars. Apparently I was very wrong. lol I look across Houston roads and do not see the auto industry dying. I see many cars. I also see smog. Real wages are affected by inflation maybe caused by the Russians and Saudi cutting oil production? Quote Share this post Link to post Share on other sites
Ecocharger + 1,428 DL 7 hours ago 16 hours ago, notsonice said: affordable EVs ........great guess what happens when the prices decrease........... yep you got it sales go up Your economics degree finally gets some use......... and why are prices going down???? because your pal Elon was having a hard time selling his overpriced EVs and to top it off interest rates are going down...oh my do you think with lower prices and lower interest rates sales will go up or down????????? Did you catch the price dropping for your clunkers????? looks like they were in the same boat Axios New vehicle prices are down for the 10th straight month After years of soaring prices, the cost of a new car is falling, per a batch of fresh data out this week. . 1 month ago Enjoy the competition ............ and now back to your love for Oil Your fellow countrymen in China are decreasing their oil consumption......Pesky EVs Axios China's oil slowdown has worldwide implications It's by far the world's largest oil importer, so stalling demand growth is helping push down global prices. . 1 day ago Your fellow Luddites are decreasing their purchases of EVs...you may borrow my handkerchief, as the price of oil continues to climb. Quote Share this post Link to post Share on other sites
Ecocharger + 1,428 DL 7 hours ago (edited) 16 hours ago, TailingsPond said: At least you guys can now shut up about EVs being prohibitively expensive to the average Joe. That merely shows the decline in EV sales...sorry, man. Fossil fuels still provide about 99%+ of the transportation sector, and this will continue to be the case going forward. Edited 6 hours ago by Ecocharger 1 Quote Share this post Link to post Share on other sites
TailingsPond + 648 GE 6 hours ago 2 minutes ago, Ecocharger said: Your fellow Luddites are decreasing their purchases of EVs...you may borrow my handkerchief, as the price of oil continues to climb. Rising fuel prices would make EVs more desirable. As for rising oil prices you may want to double check your data. This little short-term bump is nothing compared to Y-O-Y losses. One year ago ETI was $89.6 now: $71.7 is lower. Tell me more about the rising oil prices. Quote Share this post Link to post Share on other sites
TailingsPond + 648 GE 6 hours ago (edited) 12 minutes ago, Ecocharger said: That merely shows the decline in EV sales...sorry, man. Fossil fuels still provide about 99%+ of the transportation sector, and this will continue to be the case going forward. Sales numbers increase with lowered prices. The reduction is called a sale and it is very common in many industries. If you looked you could find fossil vehicles on sale from dealerships. Try not to make up stats. At least you agree that EVs are not prohibitively expensive to the average Joe now. Edited 6 hours ago by TailingsPond Quote Share this post Link to post Share on other sites
TailingsPond + 648 GE 6 hours ago 17 hours ago, Ecocharger said: EVs are being offered at giveaway prices, showing the dumpster routine which is currently underway in the EV sector. Sounds good to me! Quote Share this post Link to post Share on other sites
notsonice + 1,219 DM 2 hours ago 4 hours ago, Ecocharger said: Your fellow Luddites are decreasing their purchases of EVs...you may borrow my handkerchief, as the price of oil continues to climb. my fellow Luddites???? look in a mirror................so when do you think you will part with your Pacer........the looked cool in 1973 yet they still are not considered a collector car to die for........ Quote Share this post Link to post Share on other sites
notsonice + 1,219 DM 2 hours ago 3 hours ago, TailingsPond said: Rising fuel prices would make EVs more desirable. As for rising oil prices you may want to double check your data. This little short-term bump is nothing compared to Y-O-Y losses. One year ago ETI was $89.6 now: $71.7 is lower. Tell me more about the rising oil prices. dang the price of oil is down down down and the stock markets are up up up One of the forum Luddites claims prosperity is only tied to oil use.......... U.S. has more 401(k) millionaires than ever, report shows The number of "401(k) millionaires" — 401(k) plan participants with balances of at least $1 million — has reached a record high, new data... . 3 weeks ago Yet prosperity in the US is up up up and oil demand......in the dumpster Quote Share this post Link to post Share on other sites
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