GREEN NEW DEAL = BLIZZARD OF LIES

[Boat + 1,324]

On 3/18/2022 at 11:14 AM, Ecocharger said:

Oil markets continue to tighten, making fossil fuels in oil-derived products and coal generated energy the hottest area of the energy industry.

https://oilprice.com/Energy/Energy-General/The-World-Could-See-A-Record-Breaking-Oil-Supply-Shock.html

"IEA: market could lose around 3 million bpd of supply from Russia starting in April.

Sanctions come at a time that OECD crude inventories were already well below their 5-year average.

OPEC producers have not been willing to fill the supply gap.

U.S. shale not expected to bring immediate relief to oil markets."

OPEC has over 3 mbpd in extra capacity. Just need a little arm twisting. Like need some military parts for that 100 billion investment? The enemy is knocking at the gate. Did I mention Yemen?

[Eric Gagen + 713]

8 hours ago, Boat said:

OPEC has over 3 mbpd in extra capacity. Just need a little arm twisting. Like need some military parts for that 100 billion investment? The enemy is knocking at the gate. Did I mention Yemen?

It’s not at all clear that OPEC has 3 million bbls of spare capacity.  The UAE and Saudi Arabia have some - perhaps 1 million bbls a day between them, but that’s about it.  After that you have to spend money and take time to increase production.  If you really believe that OPEC had 3 million bbls spare capacity you have been listening to the uninformed talking heads in major media too much.

[Old-Ruffneck + 1,246]

24 minutes ago, Eric Gagen said:

It’s not at all clear that OPEC has 3 million bbls of spare capacity.  The UAE and Saudi Arabia have some - perhaps 1 million bbls a day between them, but that’s about it.  After that you have to spend money and take time to increase production.  If you really believe that OPEC had 3 million bbls spare capacity you have been listening to the uninformed talking heads in major media too much.

OPEC has more than 3 mmbls per day spare capacity, they choose to not run it for the price is thier target range. Before you make a statement like you did with boat, do some research on ALLOPEC, not just Saudi's. There are a few more pumping countries than just Saudi. Also consider non-opec countries ability to ramp up.

Edited March 21, 2022 by Old-Ruffneck

[Eyes Wide Open + 3,555]

And The Band Plays On.....

 

Batteries On A “Ridiculous” Cost Surge, Chinese EV Maker Says

By Tsvetana Paraskova - Mar 21, 2022, 12:30 PM CDT

 

Battery prices for electric vehicles are seeing a “ridiculous” increase on the back of soaring raw material prices, and carmakers will soon have to raise prices if they haven’t done it yet, according to the top executive of Chinese electric vehicle manufacturer Li Auto Inc.

“The cost of batteries in the second quarter rose by a very ridiculous amount,” Bloomberg quoted Li Auto’s chief executive officer Li Xiang as saying on his Weibo account this weekend.

Because of rising costs for raw materials, Contemporary Amperex Technology Co. Ltd. (CATL), the largest battery maker in the world, already announced today in a statement to Reuters that it had raised the prices for some of its battery cells, without giving additional details of the price hike.

https://oilprice.com/Latest-Energy-News/World-News/Batteries-On-A-Ridiculous-Cost-Surge-Chinese-EV-Maker-Says.html

[Jay McKinsey + 1,490]

53 minutes ago, Eyes Wide Open said:

And The Band Plays On.....

 

Batteries On A “Ridiculous” Cost Surge, Chinese EV Maker Says

By Tsvetana Paraskova - Mar 21, 2022, 12:30 PM CDT

 

Battery prices for electric vehicles are seeing a “ridiculous” increase on the back of soaring raw material prices, and carmakers will soon have to raise prices if they haven’t done it yet, according to the top executive of Chinese electric vehicle manufacturer Li Auto Inc.

“The cost of batteries in the second quarter rose by a very ridiculous amount,” Bloomberg quoted Li Auto’s chief executive officer Li Xiang as saying on his Weibo account this weekend.

Because of rising costs for raw materials, Contemporary Amperex Technology Co. Ltd. (CATL), the largest battery maker in the world, already announced today in a statement to Reuters that it had raised the prices for some of its battery cells, without giving additional details of the price hike.

https://oilprice.com/Latest-Energy-News/World-News/Batteries-On-A-Ridiculous-Cost-Surge-Chinese-EV-Maker-Says.html

Only applies to nickel based batteries, not LFP, because of the stupid insanity of the LME exchange handling of the nickel market and the short squeeze that happened a couple weeks ago. It will be over by next week.

Nickel futures fell by 15% to hit their lower limit for the fourth consecutive day when the market opened on Monday, as participants continue to sell the metal while volumes remain low. The 15% limit within which nickel can trade on either side of Friday’s closing price is wider than the previous 12%. Western sanctions against Russia over its invasion of Ukraine sparked concerns over the metal supply and supercharged existing upward momentum in the market. Earlier this month, prices briefly topped the $100,000 mark amid a vicious short squeeze as China’s Tsingshan Holding Group, one of the world’s top producers, bought large amounts to reduce its short bets on the metal.

 

Edited March 21, 2022 by Jay McKinsey

[TailingsPond + 1,008]

1 hour ago, Eyes Wide Open said:

Batteries On A “Ridiculous” Cost Surge, Chinese EV Maker Says

 

Everything is highly inflationary right now, including your precious oil.

 

Edited March 21, 2022 by TailingsPond

[Eyes Wide Open + 3,555]

50 minutes ago, Jay McKinsey said:

Only applies to nickel based batteries, not LFP, because of the stupid insanity of the LME exchange handling of the nickel market and the short squeeze that happened a couple weeks ago. It will be over by next week.

Nickel futures fell by 15% to hit their lower limit for the fourth consecutive day when the market opened on Monday, as participants continue to sell the metal while volumes remain low. The 15% limit within which nickel can trade on either side of Friday’s closing price is wider than the previous 12%. Western sanctions against Russia over its invasion of Ukraine sparked concerns over the metal supply and supercharged existing upward momentum in the market. Earlier this month, prices briefly topped the $100,000 mark amid a vicious short squeeze as China’s Tsingshan Holding Group, one of the world’s top producers, bought large amounts to reduce its short bets on the metal.

 

And The Band Plays On.....

Tesla increases Model S Plaid price by $10,000 just ahead of first deliveries

The new Model S hasn’t been delivered yet, but it already has a complex history.

Tesla has increased the price of its brand new Model S Plaid by $10,000 just a day ahead of its first deliveries at an event later tonight.

https://electrek.co/2021/06/10/tesla-increases-model-s-plaid-price/

 

[Jay McKinsey + 1,490]

38 minutes ago, Eyes Wide Open said:

And The Band Plays On.....

Tesla increases Model S Plaid price by $10,000 just ahead of first deliveries

The new Model S hasn’t been delivered yet, but it already has a complex history.

Tesla has increased the price of its brand new Model S Plaid by $10,000 just a day ahead of its first deliveries at an event later tonight.

https://electrek.co/2021/06/10/tesla-increases-model-s-plaid-price/

 

Your article is 9 months old but they have kept up the price increases because of demand.

Yep, demand is through the roof! Sales are growing faster than the price. 

Tesla (TSLA) order rate is surging in the US as gas prices are turning people toward electric cars https://electrek.co/2022/03/10/tesla-tsla-order-rate-surging-us-gas-prices-turning-people-to-electric-cars/

Edited March 21, 2022 by Jay McKinsey

[Eyes Wide Open + 3,555]

1 hour ago, Jay McKinsey said:

Your article is 9 months old but they have kept up the price increases because of demand.

Yep, demand is through the roof! Sales are growing faster than the price. 

Tesla (TSLA) order rate is surging in the US as gas prices are turning people toward electric cars https://electrek.co/2022/03/10/tesla-tsla-order-rate-surging-us-gas-prices-turning-people-to-electric-cars/

Gas prices are spiking — don't expect sales of electric vehicles to follow

U.S. vehicle inventory levels are down about 60% from a year ago and 70% from 2020 to roughly 1.1 million vehicles, according to Cox Automotive. EVs and hybrids only represent about 25,100 units, or 2.4% of that total supply, as of Feb. 21, according to the company.

https://www.cnbc.com/2022/03/09/gas-prices-are-spiking-dont-expect-sales-of-electric-vehicles-to-follow.html

 

 

Autotrader and Kelley Blue Book are two Cox Automotive brands that you already know. Our dealer-facing and OEM-facing brands — Dealer.com, Dealertrack, Manheim, NextGear Capital, vAuto and many others — provide a range of solutions that can help each client run a smarter, more streamlined and profitable business.

https://www.coxautoinc.com 

Edited March 21, 2022 by Eyes Wide Open

[TailingsPond + 1,008]

12 minutes ago, Eyes Wide Open said:

Gas prices are spiking — don't expect sales of electric vehicles to follow

U.S. vehicle inventory levels are down about 60% from a year ago and 70% from 2020 to roughly 1.1 million vehicles, according to Cox Automotive. EVs and hybrids only represent about 25,100 units, or 2.4% of that total supply, as of Feb. 21, according to the company.

https://www.cnbc.com/2022/03/09/gas-prices-are-spiking-dont-expect-sales-of-electric-vehicles-to-follow.html

 

 

Did you look at the article?

The problem is supply chain issues and huge demand for EV's.  They literally can't make them fast enough to meet demand.  They sell before they even reach the lot even at increasing prices. 

How fractured can your logic be if you see a store with a massive lineup of customers and think it is failing?  Customers = profit.

 

But thanks for confirming the success of EV's eyes wide shit. From your link:

• A combination of supply chain problems, pent-up demand and record-low vehicle inventory levels means many new cars and trucks, including EVs, are already spoken for before they reach dealers lots.
• Customers face months, if not years, of wait time to purchase EVs.

 

 

Edited March 21, 2022 by TailingsPond

[Jay McKinsey + 1,490]

27 minutes ago, Eyes Wide Open said:

Gas prices are spiking — don't expect sales of electric vehicles to follow

U.S. vehicle inventory levels are down about 60% from a year ago and 70% from 2020 to roughly 1.1 million vehicles, according to Cox Automotive. EVs and hybrids only represent about 25,100 units, or 2.4% of that total supply, as of Feb. 21, according to the company.

https://www.cnbc.com/2022/03/09/gas-prices-are-spiking-dont-expect-sales-of-electric-vehicles-to-follow.html

 

 

Autotrader and Kelley Blue Book are two Cox Automotive brands that you already know. Our dealer-facing and OEM-facing brands — Dealer.com, Dealertrack, Manheim, NextGear Capital, vAuto and many others — provide a range of solutions that can help each client run a smarter, more streamlined and profitable business.

https://www.coxautoinc.com 

The article literally says:

• Consumers hoping to switch to an all-electric or more fuel-efficient vehicle, hwhile Russia’s invasion of Ukraine pushes gas prices to record highs, will largely be out of luck.
• A combination of supply chain problems, pent-up demand and record-low vehicle inventory levels means many new cars and trucks, including EVs, are already spoken for before they reach dealers lots.
• Customers face months, if not years, of wait time to purchase EVs.

The demand for Teslas doubled because twice as many people placed orders for them knowing they would not to be delivered for 6 months or more. Sales are not booked until the car is delivered.

Edited March 21, 2022 by Jay McKinsey

[Eyes Wide Open + 3,555]

5 minutes ago, Jay McKinsey said:

The article literally says:

• Consumers hoping to switch to an all-electric or more fuel-efficient vehicle, hwhile Russia’s invasion of Ukraine pushes gas prices to record highs, will largely be out of luck.
• A combination of supply chain problems, pent-up demand and record-low vehicle inventory levels means many new cars and trucks, including EVs, are already spoken for before they reach dealers lots.
• Customers face months, if not years, of wait time to purchase EVs.

The demand for Teslas doubled because people placed orders for them not to be delivered for 6 months or more. Sales are not booked until the car is delivered.

LMAO....EVs and hybrids only represent about 25,100 units, or 2.4% of that total supply, as of Feb. 21, according to the company.

[Eyes Wide Open + 3,555]

18 minutes ago, TailingsPond said:

But thanks for confirming the success of EV's eyes wide shit. From your link:

• A combination of supply chain problems, pent-up demand and record-low vehicle inventory levels means many new cars and trucks, including EVs, are already spoken for before they reach dealers lots.
• Customers face months, if not years, of wait time to purchase EVs.

Automakers have shifted production priorities toward high-demand and high-profit trucks and SUVs as supply chain disruptions and parts shortages have wreaked havoc on the automotive industry for more than a year now.

And The Band Plays On...

[Eyes Wide Open + 3,555]

1 hour ago, Jay McKinsey said:

Your article is 9 months old but they have kept up the price increases because of demand.

Yep, demand is through the roof! Sales are growing faster than the price. 

Tesla (TSLA) order rate is surging in the US as gas prices are turning people toward electric cars https://electrek.co/2022/03/10/tesla-tsla-order-rate-surging-us-gas-prices-turning-people-to-electric-cars/

How a global nickel shortage could disrupt the electric vehicle industry

https://www.cnbc.com/2022/03/19/why-elon-musk-and-tesla-are-banking-on-a-minnesota-nickel-mine.html

 

 

PUBLISHED SAT, MAR 19 2022 9:00 AM EDT

[Jay McKinsey + 1,490]

45 minutes ago, Eyes Wide Open said:

LMAO....EVs and hybrids only represent about 25,100 units, or 2.4% of that total supply, as of Feb. 21, according to the company.

sigh...that is because they have sold ahead of time. They aren't sitting unsold in inventory. This is the point of the entire article - that - EV sales cannot increase because production is already sold out for many months to come.

The full quote from your ariticle:

U.S. vehicle inventory levels are down about 60% from a year ago and 70% from 2020 to roughly 1.1 million vehicles, according to Cox Automotive. EVs and hybrids only represent about 25,100 units, or 2.4% of that total supply, as of Feb. 21, according to the company.

Edited March 21, 2022 by Jay McKinsey

[Jay McKinsey + 1,490]

9 minutes ago, Eyes Wide Open said:

How a global nickel shortage could disrupt the electric vehicle industry

https://www.cnbc.com/2022/03/19/why-elon-musk-and-tesla-are-banking-on-a-minnesota-nickel-mine.html

 

 

PUBLISHED SAT, MAR 19 2022 9:00 AM EDT

 

10 minutes ago, Eyes Wide Open said:

How a global nickel shortage could disrupt the electric vehicle industry

https://www.cnbc.com/2022/03/19/why-elon-musk-and-tesla-are-banking-on-a-minnesota-nickel-mine.html

 

 

PUBLISHED SAT, MAR 19 2022 9:00 AM EDT

1. Nickel is not used in LFP batteries which are quickly taking over the market.

2. The nickel price spike was a short squeeze and is nearly back to normal. In reality prices are increasing slowly.

3. The article is just click bait, a shortage of oxygen would also disrupt the EV market because everyone would be dead.

[Boat + 1,324]

11 hours ago, Eric Gagen said:

It’s not at all clear that OPEC has 3 million bbls of spare capacity.  The UAE and Saudi Arabia have some - perhaps 1 million bbls a day between them, but that’s about it.  After that you have to spend money and take time to increase production.  If you really believe that OPEC had 3 million bbls spare capacity you have been listening to the uninformed talking heads in major media too much.

I used the info from Oil Price.com. I don’t want to get kicked out so there right. Lol

https://www.eia.gov/todayinenergy/detail.php?id=51078

This claims extra capacity at 4.8 at the end of the year. It’s tough to find a solid number. A lot of moving parts. 
 

Edited March 21, 2022 by Boat

[Jay McKinsey + 1,490]

GM Begins Production Of Electric Cadillac Lyriq

The electric Cadillac bows, a full nine months early

GM celebrated the production of its first Ultium-powered electric Cadillac Lyriq rolling off the assembly line at its sprawling Spring Hill, Tennessee complex earlier today. 

[Eyes Wide Open + 3,555]

28 minutes ago, Jay McKinsey said:

GM Begins Production Of Electric Cadillac Lyriq

The electric Cadillac bows, a full nine months early

GM celebrated the production of its first Ultium-powered electric Cadillac Lyriq rolling off the assembly line at its sprawling Spring Hill, Tennessee complex earlier today. 

Staying Anchored When Shopping for Boat Anchors

● Electric: $150 - $450

And The Band Played On....

[nsdp + 449]

14 hours ago, Eric Gagen said:

It’s not at all clear that OPEC has 3 million bbls of spare capacity.  The UAE and Saudi Arabia have some - perhaps 1 million bbls a day between them, but that’s about it.  After that you have to spend money and take time to increase production  If you really believe that OPEC had 3 million bbls spare capacity you have been listening to the uninformed talking heads in major media too much.

Eric not quite right.  Saudi Arabia has not produced a barrel from the entire Dammam Field since 1983 when Saudi produced 12 million b/d.  How long it would take to return to that level  depends on the condition of the wells and infrastructure.   Production at Dammam in 1983 averaged 1,000 b/d per well 1.1million b/d. Dammam #7 was the original discovery  in 1938.  Shut in when oil dropped to $10.70 in the 80's and Ghawar started producting. There are a couple of other fields  that are cut back due to price differentials. Total 350-400, 000 immediately million plus in 60 days and 1.5 million by September. .  Mr. Trump chose to withdraw from the Iran Uranium Enrichment deal and that takes 3 million b/d out plus 50 million barrels floating at Kharg Island preloaded on Iranian tankers. It was 70 million  when the agreement was originally signed. Also corners Mr Putin since CNOC owns 50% of several fields that are shut in.  Mr Trump also took out PDVSA  which was 2.5-3 million b/d before sanctions.  Sanctions on Ecuador over the Texaco oil spills takes another 300,000 b/d.  The Neutral  Zone dispute has about another 300,000 b/d that can be produced with 30 days.  Kurdish production at Mosul/Kirkut is down because the pipeline from Mosul to Haifa is closed due to sanctions  from the 1973 war and the Arab oil boycott leaving only Mosul to Tripoli  US sanctions.  Pipeline is 350,000 b/d and goes across Jordan  to Haifa.

[Ecocharger + 1,475]

On 3/18/2022 at 3:19 PM, Jay McKinsey said:

The more EVs on the road the less demand for oil which means more low cost oil for you until EVs satisfy your needs. 

What a laugh your stuff is...EVs are less than 1% of the vehicle market, and will continue to be a minuscule and worthless contribution to transportation.

Here is what the real picture is, demand for gasoline has reached a peak and will keep going up and up,

https://oilprice.com/Energy/Crude-Oil/US-Sees-Highest-Gasoline-Demand-Since-At-Least-2017.html

 

Edited March 22, 2022 by Ecocharger

[Ecocharger + 1,475]

17 hours ago, Jay McKinsey said:

 

The article is just click bait, a shortage of oxygen would also disrupt the EV market because everyone would be dead.

Says the specialist in click-bait.

Edited March 22, 2022 by Ecocharger

[Jay McKinsey + 1,490]

6 minutes ago, Ecocharger said:

What a laugh your stuff is...EVs are less than 1% of the vehicle market, and will continue to be a minuscule and worthless contribution to transportation.

Here is what the real picture is, demand for gasoline has reached a peak and will keep going up and up,

https://oilprice.com/Energy/Crude-Oil/US-Sees-Highest-Gasoline-Demand-Since-At-Least-2017.html

 

Elon Musk personally delivers first made-in Germany Tesla Model Y at Gigafactory Berlin

Tesla has officially started deliveries of its first made-in-Germany Model Y vehicles, which marks an important moment in Tesla’s expansion.

CEO Elon Musk was present to hand over the first cars and he gave a brief speech.

It’s a big deal because these are the first Tesla vehicles produced in Europe and right in the backyard of the strong German auto industry no less.

But for Tesla, it’s a big deal not only for adding production capacity with a new factory and tapping into the talent pool in Europe, but it is also going to help Tesla’s logistics by having vehicles made in Europe to feed the European market and free up some production in the US and China for other markets.

 

 

Edited March 22, 2022 by Jay McKinsey

[Jay McKinsey + 1,490]

19 minutes ago, Ecocharger said:

Says the specialist in click-bait.

Volkswagen Plans $7 Billion Investment To Build Electric Cars In North America

Vokswagen is ramping up its electric car plans for North America.

Volkswagen Group announced this week it will invest $7.1 billion to produce battery-electric cars in North America, and will offer 25 new EV models to customers in the US, Mexico, and Canada by 2030. Its goal is for 55% of its cars to run on electricity by the beginning of the next decade.

https://cleantechnica.com/2022/03/22/volkswagen-plans-7-billion-investment-to-build-electric-cars-in-north-america/

[Jay McKinsey + 1,490]

The UK’s offshore wind pipeline reaches 86 GW, sees a 60% increase in 12 months

The pipeline, which “includes projects that are fully operational, under construction, consented, in the planning system, or being developed for submission into planning,” has seen a 60% increase over the past 12 months, and it’s more than eight times the UK’s current operational capacity.

The surge in the last 12 months was mainly the result of huge leasing round announcements by The Crown Estate (8 GW) and Crown Estate Scotland (25 GW).

Globally, the total offshore wind pipeline has reached 517 GW. So, where does the UK stand in comparison to other countries’ offshore wind pipelines?

Its total pipeline is bigger than China’s, which is at 74.7 GW, as per the below chart, but China now has more fully operational capacity – 24 GW – than the UK, which has 10.5 GW.

Source: RenewableUK

The US’s pipeline comes in third at nearly 48 GW, which is a significant number, seeing how it currently has almost no built offshore wind capacity.