Production from what? Coal? Nuclear? Nope; can't be built anymore. Solar? Wind? Don't make me laugh. Gas and oil, only, can meet any such posited demand. How then can demand for oil collapse as you asserted?
I'm not too worried, anyway. No one's going to be driving electric cars in vast numbers. The three-headed beast of winter cold, electric rates and the environmental costs of the batteries will see to that. The green fetish will lose it's fashionable luster as the gods of the copybook headings assert themselves.
[ Will US electricity production rise faster?
Production from what? Coal? Nuclear? Nope; can’t be built anymore. Solar? Wind? Don’t make me laugh. Gas and oil, only, can meet any such posited demand. How then can demand for oil collapse as you asserted? ]
Don’t worry, China will sell us Thorium Based nuclear reactors or they will build them here and SELL us the electricity...
The same reactors the US Govt. decided not to pursue in the late 60’s....
Production from what? Coal? Nuclear? Nope; can’t be built anymore. Solar? Wind? Don’t make me laugh. Gas and oil, only, can meet any such posited demand. How then can demand for oil collapse as you asserted?
....................
According to the EIA (The US Energy Information Agency)In July 2014 100% of new electricity capacity came from renewables. 379 megawatts (MW) of wind, 21 MW of solar, and 5 MW of hydropower.
http://www.renewableenergyworld.com/rea/news/article/2014/08/renewable-energy-accounts-for-100-percent-of-new-us-electrical-generating-capacity-in-july
I’m not too worried, anyway. No one’s going to be driving electric cars in vast numbers. The three-headed beast of winter cold, electric rates and the environmental costs of the batteries will see to that. The green fetish will lose it’s fashionable luster as the gods of the copybook headings assert themselves.
.................
What keeps oil prices up is vast demand from warm places like India and China. Half of the USA is fairly warm.
...........
gods of the copybook headings
.............
yeah I like kipling too his point is not applicable here. Especially since the Tesla is also setting off a major investment push by all the other big car companies around the world.
No one is talking about building vast numbers of electric cars.
Musk says he needs these batteries for the Model 3 which is supposed to be available in 3 years. It is a low cost electric to compete with the Leaf, except Leaf has a 70-100 mile range and the Model S has a 150-200 mile range. Apparently, surveys show that buyers will buy the 150-200 mile range vehicle.
Musk's ultimate capacity on the Model 3 is 500,000 vehicles per year, but the new battery plant won't reach the needed capacity for 10 years.
Which implies that in 3 years, Musk will be building only 100,000, 150,000, or 200,000 Model 3s per year. Then as the output of the battery plant increases, he will be able to build more batteries/more cars per year, peaking out in 10 years. Or maybe 15 years.
A 100,000-200,000 cars per years is not very many cars.
>>The green fetish will lose it’s fashionable luster as the gods of the copybook headings assert themselves.
It can’t happen soon enough. You’d think we’d have learned our lesson on energy boondoggles during the Carter Administration.