Posted on 03/30/2020 9:02:01 AM PDT by bananaman22
Perhaps there's something to that, assuming the electric commuter vehicles can be made with decent range and a sub-$20 sticker. Oh, and switching all the light bulbs in the country to LED and all the TVs and computer monitors to flat screens is not going to save enough electricity to power them all.
We’ll probably be powering vehicles with liquid fuel or methane for a long while to come, if not all of them directly, the rest of them indirectly.
http://www.google.com/search?q=engineering+explained&tbm=vid
i have a wind powered vehicle. It’s surprisingly ineffective.
$1.89 here @ 30 miles SW of Chicago.
Mine isn't *powered* by wind, but it becomes part of my driving experience after a trip through the Taco Bell drive-thru.
“” “” 1. We are the #1 producer of OIL now - Thanks Trump
plus
2. No one is driving due to lockdown - low demand
plus
3. Saudis and Russia oil price war - low prices
equals
$20 per barrel””” “
Let’s say your first point questionable.
Oil currently about 30% less expensive than most of the US producers need to operate existing wells without getting any profit at all.
It is two to three times less expensive than needed to afford development of new wells.
“” “” Ultimately, this is about the Saudis rapping the Russians on the knuckles for exceeding their production quota. Russian oil is profitable at $20. For Saudi oil, it’s $10 or less. But both countries are heavily reliant on oil revenues to fund their government spending. At $20, Putin might lose power, just like Gorbachev did. “” “”
I have no idea why do you see it as a positive outcome but on the other hand it is more like a wishful thinking.
If we are to see both SA and Russia roughly as PPP $25000 per capita economies oil would make $1900 out of these $25k for Russia but at least $13k for the Saudis.
In that sense the difference in the extraction price is meaningless.
[If we are to see both SA and Russia roughly as PPP $25000 per capita economies oil would make $1900 out of these $25k for Russia but at least $13k for the Saudis.
In that sense the difference in the extraction price is meaningless.]
You might have a point in general but it is irrelevant for a discussed issue.
WHOA! I’m in the ‘burbs about 40 miles outside of Boston and it’s still at 2.44 to 2.60 per gallon.
https://m.youtube.com/watch?v=xVXL2Kd5_tM
A requiem to an expensive ruble. They still cry and pay after seven years. Now imagine Saudis devaluing their currency. What else but the oil they have to export?
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