Posted on 06/08/2017 3:42:57 PM PDT by Lorianne
A perfect storm is brewing in the 21st-Century energy market, and it has nothing to do with OPEC.
It’s about batteries that charge everything from mainstream electric cars to massive power walls and mountains of consumer electronics.
More specifically, it’s about what goes into those batteries—and it’s not just lithium.
The other element that makes up 35 percent of the lithium-ion batteries mass produced at Tesla’s (NASDAQ: TSLA) Nevada gigafactory—and at a dozen of other behemoths slated to come on line—is cobalt.
And it’s already in dramatically short supply.
A part of the answer to the cobalt deficit is 100 percent American, and this little-known miner is sitting on a prime Idaho cobalt project that is one of only two that looks likely to come online in the U.S.— and it’s right in Tesla’s backyard.
(Excerpt) Read more at oilprice.com ...
If, by “fuel” you mean “subsidies”, then YES.
Those days are drawing to a close.
Oh boy, another “perfect storm” for someone to blame their predictive failures on.
Well said.
So if they factor in the fuel costs for charging the batteries, I wonder what the real MPG for electric cars amounts to?
What male teenager with some money to pay for a car is gonna plunk down his hard-earned cash for a car that has no power?
One day the econuts are going to turn hard on the lithium battery makers and users.
They will be villified worse than the oil folks.
Male teenagers are screwed.
Run flat tires and running out of gas were the best excuses for getting a girl home late.
In reality there is no such thing as an electric car boom.
Just be happy samsung docent make cars yet
There has to be something other than cobalt for batteries right?
Smugness and virtue signaling?
The other element [...] is cobalt.
Oh. I guess smugness is third then.
Bye bye coal fired cars.
Judging from the electric bike I had, it is about 3 times cheaper to run a gas engine than electric when you factor in the replacement cost of the batteries.
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If you factor in the obvious fact that every electric car is a dead battery coffin in an emergency evacuation scenario, what is the deaths per electric car ratio?
They’ll all have to be pushed off the highway and down the nearest embankment to allow traffic to keep moving.
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Ever driven a Tesla? Although battery powered, that SOB puts out about 700 HP and can snap your neck doing 0-60 in about 3.2 seconds. I am saying this with experience. If I had the cash I would buy one just for fun.
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How many HP does it have with a dead battery, and the electric grid knocked out?
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It’s not a car I would drive daily. Like I said, if I had the cash I would buy one for fun.
You are way behind the times.
Great find! Thanks for posting.
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