Ecocharger + 1,428 DL Wednesday 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 Wednesday at 09:29 PM by Ecocharger Quote Share this post Link to post Share on other sites
notsonice + 1,221 DM Wednesday at 10:25 PM 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 Wednesday at 10:25 PM 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 Thursday at 09:10 AM 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 Thursday at 02:32 PM 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 Thursday at 02:35 PM (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 Thursday at 02:37 PM by Ecocharger 1 Quote Share this post Link to post Share on other sites
TailingsPond + 648 GE Thursday at 02:39 PM 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 Thursday at 02:47 PM (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 Thursday at 02:49 PM by TailingsPond Quote Share this post Link to post Share on other sites
TailingsPond + 648 GE Thursday at 02:50 PM 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 + 1,221 DM Thursday at 06:38 PM 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 + 1,221 DM Thursday at 06:44 PM 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 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,428 DL 23 hours ago (edited) 10 hours ago, TailingsPond said: 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. Nonsense, EV sales are DOWN big-time and this has caused the decline in EV sales prices. EVs are now in full retreat, no surprise, just as predicted here. https://oilprice.com/Latest-Energy-News/World-News/European-Carmakers-Call-for-Urgent-Action-as-EV-Sales-Crash.html "Battery electric vehicle (BEV) registrations in the European Union tumbled by 44% in August from a year earlier as all new car sales slumped by 18%, the European Automobile Manufacturers' Association, ACEA, said on Thursday,..." "The total market share of BEVs dipped to 14.4% from 21% a year earlier. “This was driven by the spectacular drop in the two biggest markets for BEV cars: Germany (-68.8%) and France (-33.1%),” ACEA said today...." "With lower EV sales than expected, major carmakers in the U.S. and Europe are scaling back production of electric vehicles amid overcapacity and are rethinking their ambitious EV sales goals." Edited 23 hours ago by Ecocharger Quote Share this post Link to post Share on other sites
notsonice + 1,221 DM 21 hours ago (edited) coal is doomed....one solar panel at a time worth the read 593 GW of solar panel installs in 2024......... and annual installations is growing.....2025 750 GW?????????? at 350 watts per panel in 2024 593 GW equals over 1.7 Billion panel installs Ember-climate.org Solar power continues to surge in 2024 | Ember 1 day ago https://ember-climate.org/insights/in-brief/solar-power-continues-to-surge-in-2024/ According to estimates from Ember, BNEF, and SolarPower Europe, the world installed around 450 GW of solar panels in 2023 – an amount that seemed inconceivable even one year before. As an example, in January 2022, BNEF predicted that global solar additions in 2023 would reach just 236 GW. As a result of the higher installations in 2023, forecasts for 2024 have been revised upwards. For example, SolarPower Europe adjusted its forecast for 2024 from 401 GW (June 2023) to 544 GW (June 2024). How much does solar grow after 2024? The massive step up in solar capacity installations in 2023 and 2024 has shifted perceptions around solar’s role in the energy transition. Solar will likely add more GWs in 2024 than the entire global increase in coal power capacity since 2010 (540 GW) Crude Oil Prices Today | OilPrice.com Solar Set to Break Another Record This Year Solar capacity additions this year will likely break their previous record, coming in at 593 GW, according to climate think tank Ember. . 21 hours ago Edited 21 hours ago by notsonice 1 1 Quote Share this post Link to post Share on other sites
notsonice + 1,221 DM 21 hours ago Coal is doomed.........one battery at a time pv magazine International Global energy storage fleet to surpass 1 TW/3 TWh by 2033, WoodMac says The global energy storage market (excluding pumped hydro) is on track to reach 159 GW/358 GWh by the of 2024 and grow by more than 600% by 2033. . Jul 9, 2024 pv magazine International Energy storage installations rise 61% this year While battery manufacturers have faced tough times in 2024, the sun is shining on the stationary storage market, finds BloombergNEF. . 1 month ago 1 1 Quote Share this post Link to post Share on other sites
Rob Plant + 2,737 RP 16 hours ago (edited) "Oil is HOT and getting HOTTER!!!" Oh wait....... thats Eco talking again. Reality says this:- Can OPEC+ Prevent Another Rout in Oil Prices? What Can OPEC+ Do To Prevent Another Rout in Oil? | OilPrice.com The OPEC+ alliance has delayed unwinding production cuts due to weak oil demand and falling prices. The market is increasingly bearish, with speculators and money managers holding net short positions in oil futures. Analysts predict a continued oil market surplus and lower prices in the coming months due to weak demand and rising supply. Oil Prices Tumble As Traders Slash Bullish Bets Oil Prices Tumble As Traders Slash Bullish Bets | OilPrice.com How are your investments going Eco??? I bet you made a killing on betting on $100/b oil!! Edited 16 hours ago by Rob Plant 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,428 DL 10 hours ago 6 hours ago, Rob Plant said: "Oil is HOT and getting HOTTER!!!" Oh wait....... thats Eco talking again. Reality says this:- Can OPEC+ Prevent Another Rout in Oil Prices? What Can OPEC+ Do To Prevent Another Rout in Oil? | OilPrice.com The OPEC+ alliance has delayed unwinding production cuts due to weak oil demand and falling prices. The market is increasingly bearish, with speculators and money managers holding net short positions in oil futures. Analysts predict a continued oil market surplus and lower prices in the coming months due to weak demand and rising supply. Oil Prices Tumble As Traders Slash Bullish Bets Oil Prices Tumble As Traders Slash Bullish Bets | OilPrice.com How are your investments going Eco??? I bet you made a killing on betting on $100/b oil!! Rob, you really are in a defensive mood today. I guess that you finally woke up to the state of EV sales? It's about time, instead of your usual denial routine. EVs are now in full retreat, no surprise, just as I predicted here. https://oilprice.com/Latest-Energy-News/World-News/European-Carmakers-Call-for-Urgent-Action-as-EV-Sales-Crash.html "Battery electric vehicle (BEV) registrations in the European Union tumbled by 44% in August from a year earlier as all new car sales slumped by 18%, the European Automobile Manufacturers' Association, ACEA, said on Thursday,..." "The total market share of BEVs dipped to 14.4% from 21% a year earlier. “This was driven by the spectacular drop in the two biggest markets for BEV cars: Germany (-68.8%) and France (-33.1%),” ACEA said today...." "With lower EV sales than expected, major carmakers in the U.S. and Europe are scaling back production of electric vehicles amid overcapacity and are rethinking their ambitious EV sales goals." Quote Share this post Link to post Share on other sites
TailingsPond + 648 GE 7 hours ago (edited) 16 hours ago, Ecocharger said: Nonsense, EV sales are DOWN big-time and this has caused the decline in EV sales prices. Yes sale numbers are down so they do a sale to increase sale numbers. Sales (price reductions) are done in many industries especially near year end when new models come out (hint most new models at the car shows will be EVs). Furthermore, you once again fail to understand rates of change and absolute numbers are different. For example when oil prices are in the dumps (like now) you spout off about demand and future projections - you hold out hope for oil in the face of a bad situation. In this case absolute EV car sales are down but you fail to think lowering EV prices will stimulate the rate of sales - you remain pessimistic on EVs in the face of a positive stimulation (lower prices). Being low but rising isn't necessarily better or worse than high and falling. You have deeply ingrained biases which warp your perception of reality. Edited 7 hours ago by TailingsPond Quote Share this post Link to post Share on other sites
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