EV manufacturer's stock tanking

T. A. Gardner said:
I know it comes from a natural process primarily created through the dying of diatoms in the oceans. These sink to the bottom where they decompose into methane that is in it's frozen (solid) form due to low temperatures and high pressure. This is then slowly covered with sediment and over millennia is compressed into oil. That's the primary process. So, there is oil constantly forming within the Earth. We may be extracting it faster than it's being formed but since we keep finding more and more of it, it's hard to tell if we're doing that or not.
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We ARE extracting it faster because you left out one MAJOR step: the oil formed in that accumulation further MIGRATES to a reservoir rock. That takes a very long time. You can't just drill into the ground and soak out all the oil. You have to go to a reservoir or you have to take a source rock and blast it apart with fracking to stimulate oil release.

It is not hard to tell that we are removing it faster than it accumulates in usable quantities. We KNOW we are pumping it faster. That's basic math and physics.

Oil won't necessarily "run out", but economically viable deposits of it most assuredly WILL. WHy do you think we have this boom in Fracking? Secondary stimulation of wells is what happens when oil gets harder to get from conventional wells and you have to start doing more and more to get it back out.

It's something you learn in economic geology classes: When you use a resource it will one day only yield lower and lower "grades" of the resource. It becomes harder and harder to get a usable quantity out as you use up the easily available sources. Then you pay more and more and more until ultimately it becomes economically impossible to recover it and use it.

That's what we're looking at with oil. When that is is anyone's guess. The whole Peak Oil thing comes and goes every few years. But one way or another we will run out of oil that we can afford. Maybe we'll luck out and collapse our society with climate change before that happens.
 
T. A. Gardner said:
The Japanese are far more interested in fuel cell vehicles and other alternatives to batteries... They're the innovative ones that will dominate the market in say 20 or so years. They've done it before, they're poised to do it again. Battery cars are a technological dead end.
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Once again you have no fucking idea of what you are talking about, buy instead of admitting your ignorance, you prefer to double down.

"The vast majority of car companies have turned away from hydrogen because of the high density of energy consumed in its production, as well as poor funding and backing from governments."

"Hydrogen has a wide range of flammable concentrations in air and lower ignition energy than gasoline or natural gas, which means it can ignite more easily."
 
The Sage of Main Street said:
"What Will Junior Say?"

Again, it's the hidden cancer of hereditary power than motivates this kowtowing to the Trustfundie Treehuggers. The CEOs care more about their Affluenzist sons, who have been brainwashed by Zero-Growth Guru professors, than they do about their obligations to the stockholders and the public.
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No, my friend. As has been the case since the first IPO, all employees' first responsibility is first to their stockholders. The introduction of EV's did not change that fact.
 
The Sage of Main Street said:
A Peek Behind Chicken Little "Peak Oil"


There is enough potential oil energy as if everything growing on earth burned for a thousand years. We've barely scratched the surface of our planet's bounty. The empowerment of Dominion has been emasculated by Diploma Dumbos.

In the 1880s, Rockefeller was advised to get out of the oil business soon, before the petroleum was all used up. Until 1938, the consensus of academic geologists was that there was no oil in Saudi Arabia. The negativist scare-stories have gone on and on and, naturally, have continued into this decadent era influenced by Know-It-All Nobodies.
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Would you characterize BP and the Christian Science Monitor as being "tree-huggers"? BP thinks we have about a half a decade of oil reserves left. I think their research and conclusions are more accurate than either you or I.

https://www.csmonitor.com/Environme...ll-world-s-oil-reserves-last-53-years-says-BP

"The world has 53.3 years left to find an alternative to oil before current proved reserves run dry, according to BP. Of course, nations are finding new oil – meaning that number is rising – but new extraction methods are costly and can pose environmental threats."
 
T. A. Gardner said:
Yea, yea... The EPA and many "True Believers" in solar claim that 90% of what goes into a solar panel is recyclable...

The reality is that the panels aren't worth recycling.

Tao and his colleagues estimate that a recycler taking apart a standard 60-cell silicon panel can get about $3 for the recovered aluminum, copper, and glass. Vanderhoof, meanwhile, says that the cost of recycling that panel in the US is between $12 and $25—after transportation costs, which “oftentimes equal the cost to recycle.” At the same time, in states that allow it, it typically costs less than a dollar to dump a solar panel in a solid-waste landfill.
https://www.wired.com/story/solar-panels-are-starting-to-die-leaving-behind-toxic-trash/

As a result, solar’s production boom has left its recycling infrastructure in the dust. To give you some indication, First Solar is the sole U.S. panel manufacturer we know of with an up-and-running recycling initiative, which only applies to the company’s own products at a global capacity of two million panels per year. With the current capacity, it costs an estimated $20–$30 to recycle one panel. Sending that same panel to a landfill would cost a mere $1–$2.
https://hbr.org/2021/06/the-dark-side-of-solar-power

Nobody is going to recycle solar PV panels if they're going to lose their ass on every one that they recycle. They're going to a landfill because that's far more cost effective.

If the government steps in and FORCES recycling at a huge loss, then recyclers will raise their prices such that the panels will have to absorb that cost in their manufacture and sales to reflect the cost of recycling.

Solar is a total loser as a means to generate electricity.
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Aside from some metals, almost nothing is actually recycled anymore. China thumbed its nose at trump's tariffs, and told us to keep our garbage from now on.

Most 'recyclables' are now dumped with garbage, even when they are collected separately.
 
This is yet another one of those misleading threads that has a RIGHT-WING narrative, playing us a tune behind it.

Even EXXONMobile has wised up to the fact that chasing crude oil is a dying industry and they must plan for the future!

They are now building one of the largest Hydrogen Manufacturing facilities in the world down here in this little ole place we call Texas.

https://corporate.exxonmobil.com/climate-solutions/hydrogen

And I believe their stock is on the rise and even gained today!
 
The Sage of Main Street said:
Your Reality Check Bounced

Your mind is stuck in a virtual reality created by self-serving totalitarian brainwashing. I am your red pill.

You and the others trapped in this Netrix prefer to munch on the shiny blue pills as if they were jellybeans.
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You dont understand me at all.

Less talking and more listening would seem to be the plan for you.
 
All of these stocks mentioned in OPies opening thread, all ridiculously spiked at the same times, and all fell back down to earth at the same times.

The problem is, they should have split their stocks when they got up over $50 to keep the price attractive. You have to catch the bus when it stops, or, well, YOU MISS THE BUS.

But, anyway, I believe they have leveled off and some of the most attractive stocks out there today.

They are too large of investments to fail now.

If we listened to the soothsayers that have political agendas, we would all still be riding around on Horses and Buggies! [Geeko Sportivo]
 
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Geeko Sportivo said:
This is yet another one of those misleading threads that has a RIGHT-WING narrative, playing us a tune behind it.

Even EXXONMobile has wised up to the fact that chasing crude oil is a dying industry and they must plan for the future!

They are now building one of the largest Hydrogen Manufacturing facilities in the world down here in this little ole place we call Texas.

https://corporate.exxonmobil.com/climate-solutions/hydrogen

And I believe their stock is on the rise and even gained today!
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Well, what are you suggesting be the future of energy? Solar and wind certainly aren't it, so what is?

Hydrogen isn't the only fuel you can use in a fuel cell. Anhydrous ammonia is another. There others beyond that too.
 
T. A. Gardner said:
Well, what are you suggesting be the future of energy? Solar and wind certainly aren't it, so what is?

Hydrogen isn't the only fuel you can use in a fuel cell. Anhydrous ammonia is another. There others beyond that too.
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I think we are going to see every source of energy known to man over the next 30 years. Even gasoline included, until we run out.

This Blue Hydrogen that ExxonMobile is manufacturing requires Natural Gas in it's development.

I don't think of these sources as winners or losers. I just believe they all play a role and some having a shelf life.

We gotta' all stop using something as important as Crude oil as a political sport! Because it will also play an important role in our future.

Even if we have to use it as a Methadone until we can ween ourselves off of it!

And our generation can't just use it all up for ourselves, and refuse to initiate new alternatives, as we have generations that will follow us.
 
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Hawkeye10 said:
And then to there is the matter that EV's are not in fact green, and that America now has "Save the Planet" mandates that we are legally required to follow which makes producing EV's problematic because if we are to mine and process ourselves rather than do it in places where the emissions can be ignored we will have to pay global warming reparations.

We are fucked coming and going, which I submit is exactly where China wants us.
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There is nothing legal about "save the planet' mandates.
 
Geeko Sportivo said:
I think we are going to see every source of energy known to man over the next 30 years. Even gasoline included, until we run out.

This Blue Hydrogen that ExxonMobile is manufacturing requires Natural Gas in it's development.

I don't think of these sources as winners or losers. I just believe they all play a role and some having a shelf life.

We gotta' all stop using something as important as Crude oil as a political sport! Because it will also play an important role in our future.

Even if we have to use it as a Methadone until we can ween ourselves off of it!

And our generation can't just use it all up for ourselves, and refuse to initiate new alternatives, as we have generations that will follow us.
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Oil will not 'run out'. Oil is a renewable resource. So is natural gas.
 
Hawkeye10 said:
Nations are giving up their right to rule themselves, they are putting control into global bureaucrats, as you should know.

America is doing it as well.
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There was a thing called the Montreal Protocol that eliminated CFC's. It was a global initiative and it appears to be largely functional. Last I checked, since the early 1990's America is still its own country.

Of COURSE there's a role for international treaties and rules for behavior. We've had them with us since the dawn of the country. There are international laws on seafaring vessels etc.

So why do SOME of them terrify you so?
 
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