Just when you thought things were getting back to normal:
$200 oil: traders are now betting on $200 oil by the end of March, 2022 -- that's less than three weeks.
EVs: granted, my twitter feed is very pro-oil very anti-renewable energy, but having said that, those who I follow are pretty good at what they do: follow and analyze energy. Going through the twitter feed this morning suggests that things are not going all that well for EV owners. Common them: high cost of electricity for charging and "range-anxiety."
EVs: electric vehicles will be luxury goods for the next twenty years. Not enough copper production in the world to upgrade the electrical grid or make the batteries required at a reasonable cost for mass adoption. As EVs get more expensive, they will make less sense for 98% of Americans.
EVs: Tesla rivals Lucid, Rivian, Fisker struggling to compete. The stock market has stopped being kind to EV companies that show more promise (LOL) than results. A long and very good article.
EVs: Rivian stock tumbles as EV maker hikes prices ahead of earnings. How this was handled, by the way, was a PR disaster for Rivian.
Charging footprint: even with long gas lines, it only takes five minutes to fill up an ICE. These cars will each take 15 minutest to 45 minutes to charge. And this is a fairly normal day, I would imagine. There's just no way there's this kind of room for parking EVs waiting to be charged in west Los Angeles. Link here. Note the URL.
Shell: well, that didn't take long -- Shell got a lot of negative press when it said it would still buy Russian oil to keep the price of oil from surging. Shell says it will stop all spot purchases of Russian crude.
Most perplexing: all of a sudden the blue states have the least expensive gasoline? Link here. Great catch by my most "eagle-eyed" reader. So, if you don't have television, and you are listening to NRP, the host will note that the blue states have the least expensive gasoline. Neither my reader nor I can make this stuff up.
