The impending Big Auto / Oil implosion explained (2018)

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That's a good point

But what about all the energy used to get that crude out of the ground to gasoline at a station?

I like where this thread is going, really makes you think about all the other factors involved on both sides of the argument.
No, not really. It's easier to just dismiss all the eco-weenies as whack jobs.
 
Green energy is a problem for EVs. The batteries in EVs need nice, clean, stable, and consistent electricity. The electricity from green sources is dirty and unstable, which damages EV batteries, and can even cause them to combust.

I see far too many EV owners around me with home solar installations that charge their cars accordingly to think this is a genuine issue. As a group, EV owners are much more likely to install home solar systems than non-EV owners (which should surprise nobody). Some of these systems are grid-tied and net metered; others are 'plumbed' into a self-standing battery storage system. In both cases, they seem to charge EV cars just fine, day after day.

Your efficency statement for electric is flawed.

There's a great deal of inefficiency lost just getting that energy to the electric motor you discount by not including, yet charge against the ICE.

My efficiency comparison was on equal footing. I completely ignored all 'upstream' concerns. I simply focused on how efficiently an ICE car uses the gasoline poured into its tank, and compared that to how efficiently an EV uses the electricity that is added from the wall outlet/plug to its 'tank' (battery).
 
IDGAF about EVs. I'm not going to buy or lease one until someone makes me. It's not that I go around dumping oil on the ground and hate clean air/water, etc., but like some things in life, I'm going to indulge a little. And gasoline and oil for my ICE's are my kryptonite. You guys can debate which is better. I've already chosen. Makes me happy. It's up to you to find yours. That's really what matters in the end.

Everyone else buying EV's and having a great time thinking their doing the right thing probably are. Which means for every one of their gas guzzling monsters they take off the road decreases that percentage of the gas burners still surviving, so everyone is winning by touting those gas engine declining numbers year after year while I keep driving my car of my choice. Someone has to drive the last gas burning car on the road, and it might as well be me.

I figure if I have a good 15 years or so of safe driving in me, I'll keep my license. I know it'll take more than 15 years to march toward the total end of fossil fuel vehicles. They can stop making them prior to the 15 years, but I won't buy them. Unless we end up in Dystopia and have to drive one by edict.

BUT- with all that said, gas is rather cheap right now considering inflation, etc. So while that purr of an electric motor putting you to sleep is cheap as far as a "fill up" is concerned, I don't have to install $10,000+ worth of equipment to make all that possible. It's the upfront costs that get you with EVs most of the time. Not all, but most. And with more and more companies trying to out EV each other, big oil companies may start to fade away. As the first real wave of oil consumption drop comes into play due to EVs, gas and oil prices are going to spike initially. It's then when an investment NOW will turn into a windfall, even if EV's become the norm vs. the outlier. And I'll be ready.

Friday I'm going to go ahead and splurge on some Exxon stock. At less than 70 bucks/share right now, it's a good buy, a solid stock, plus it's paying out a pretty good dividend. My buy and hold strategy for XOM should work out just fine in the long run. Just another brick in my road to prosperity. Stay diversified, my friends.
 
I see far too many EV owners around me with home solar installations that charge their cars accordingly to think this is a genuine issue. As a group, EV owners are much more likely to install home solar systems than non-EV owners (which should surprise nobody). Some of these systems are grid-tied and net metered; others are 'plumbed' into a self-standing battery storage system. In both cases, they seem to charge EV cars just fine, day after day.



My efficiency comparison was on equal footing. I completely ignored all 'upstream' concerns. I simply focused on how efficiently an ICE car uses the gasoline poured into its tank, and compared that to how efficiently an EV uses the electricity that is added from the wall outlet/plug to its 'tank' (battery).

They don't have charging issues because they are not solely using solar, they are still tied to the grid which floats on the line. It is similar to a automotive electrical system. The alternator with its variable output is similar to green sources, while the battery is similar to nuclear and dirty sources where output is steady and consistent. The battery absorbs the variations in alternator output for a very stable 12 volts. The more EVs on the road, the greater demand there will be for nuclear and coal power to float the line and stablize the power grid. Because of this, green power sources can only realistically power 5% of the power. Wind turbines kill 1,000s of birds each year, which is not good for the environment.

Also EVs require 3 to 4 times the amount of copper than ICE cars according to a report from the copper mining industry. Furthermore, the lithium used in EV batteries comes from open pit mining which uses open air, heavy metal pits. So one plus for EVs is that they poison China with ultra toxic heavy metals which is good.

EVs also have safety issues. Firemen and other first resonders need special training to not kill themselves when responding to EV accidents. A lithium battery is like a box you must open to keep it from burning hotter and spreading. However, open it wrong and it will pop and spread the fire anyway. Create a circuit with water to put out the fire, you are dead. Use the jaws of life in the wrong spot, you just killed yourself. Don't take your mask off either wth the ultra toxic chemical smoke, etc.
 
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IDGAF about EVs. I'm not going to buy or lease one until someone makes me. It's not that I go around dumping oil on the ground and hate clean air/water, etc., but like some things in life, I'm going to indulge a little. And gasoline and oil for my ICE's are my kryptonite. You guys can debate which is better. I've already chosen. Makes me happy. It's up to you to find yours. That's really what matters in the end.

Everyone else buying EV's and having a great time thinking their doing the right thing probably are. Which means for every one of their gas guzzling monsters they take off the road decreases that percentage of the gas burners still surviving, so everyone is winning by touting those gas engine declining numbers year after year while I keep driving my car of my choice. Someone has to drive the last gas burning car on the road, and it might as well be me.

I figure if I have a good 15 years or so of safe driving in me, I'll keep my license. I know it'll take more than 15 years to march toward the total end of fossil fuel vehicles. They can stop making them prior to the 15 years, but I won't buy them. Unless we end up in Dystopia and have to drive one by edict.

BUT- with all that said, gas is rather cheap right now considering inflation, etc. So while that purr of an electric motor putting you to sleep is cheap as far as a "fill up" is concerned, I don't have to install $10,000+ worth of equipment to make all that possible. It's the upfront costs that get you with EVs most of the time. Not all, but most. And with more and more companies trying to out EV each other, big oil companies may start to fade away. As the first real wave of oil consumption drop comes into play due to EVs, gas and oil prices are going to spike initially. It's then when an investment NOW will turn into a windfall, even if EV's become the norm vs. the outlier. And I'll be ready.

Friday I'm going to go ahead and splurge on some Exxon stock. At less than 70 bucks/share right now, it's a good buy, a solid stock, plus it's paying out a pretty good dividend. My buy and hold strategy for XOM should work out just fine in the long run. Just another brick in my road to prosperity. Stay diversified, my friends.
We may be in for a contest then... I too would prefer to be the last driver of an ICE vehicle. The nice thing about my simple old I6 trucks is that if they cut off oil, I can probably convert to wood/charcoal like they did in WWII england.

It'll be a whole nother level to the theory of "rolling coal"
 
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If you have a few minutes while you pretend to work.

I like the way they tend to think over there. A bit outspoken, yes. But generally spot on. There's no free lunch. Have no problem making things more efficient for those that want it, but leave my choices alone. If you fear it so much, and EV are the wave of the future, soon my little ICE lot in life will never threaten your existence. Humans are resistant to change. Old bastages are even MORE resistant to change. Now, GET OFF MY LAWN!
 
I didn't read this entire thread, but rather the 1st and last page. I'm with 69hurstolds and his opinions - spot on as far as I'm concerned.

I'll add that there is a time and place for electric vehicles, but there is no place presently for a country of electric vehicles unless we want to harness water, wind, solar and nuclear energy to their fullest potentials, but that will never happen as long as oil companies can buy politicians and supply propaganda that renewable energy is 'NFG' for any number of fabricated reasons. A much more sensible plan is to run a renewable resource, like corn, that we (the US government and us) are paying farmers to not produce for fear that corn and it's byproducts will become too cheap to keep the oil companies in profits drilling, producing and selling oil.

I'm all for conserving the environment for the next 25-100 generations to the point that it is presently. We need to stop listening to the media, the government and those that profit from the sale of oil and start thinking for ourselves. I believe the solution is for us to convince those around us to think for themselves rather than being a lamb lead to slaughter.

Think about it, what would ExxonMobil do with all of those boats?

Happy Thanksgiving - Jim 🙂 🙂
 
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I'm going to indulge a little. And gasoline and oil for my ICE's are my kryptonite.

😆

Friday I'm going to go ahead and splurge on some Exxon stock. At less than 70 bucks/share right now, it's a good buy, a solid stock, plus it's paying out a pretty good dividend. My buy and hold strategy for XOM should work out just fine in the long run. Just another brick in my road to prosperity. Stay diversified, my friends.

I just bought some shares in 4 dividend stocks this morning, but XOM barely missed the cut in my buying strategy (this time).

The nice thing about my simple old I6 trucks is that if they cut off oil, I can probably convert to wood/charcoal like they did in WWII england.

As I have joked many times, the 4.0L straight six in my Jeep Wrangler could probably run on dirty pond water in a pinch.
 
I just put a deposit on a Tesla truck, not because I thought it was greener or the electricity was cleaner but because it will be significantly cheaper to run. Good range, the potential for solar charging and its damn cool. I'll still have a fossil fuel vehicle but for all the around town stuff and local travels it's a no brainer. From what I've read the batteries are seeing great long term use and powertrains are more than capable of 300k miles of service. I've read respectable reviews of how they work in the cold up here as well.

I have a couple years to mull it over since I'd be lucky to actually see it until 2023 I've had my eye on them and it sure seems like they are worth it.
 
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