Imho, BYDs are cheaper and more globally available. If you are already at the margins from an energy affordability perspective, you’re not buying a comparatively overpriced Tesla unless you cannot buy a cheaper Chinese alternative in your country (the US, for example).
Agree this price shock is going to be favorable for transportation electrification in the short term (electricity generated via oil is an edge case, but LNG volatility is certainly going to push electricity prices up in some markets). The economic pain will influence consumer decisions until the volatility is ironed out, which could be months from now.
It's much simpler than that. North American oil is suddenly worth twice as much.
Plus it gives an excuse to allow Russia to sell some oil on legitimate markets.
> North American oil is suddenly worth twice as much
That doesn't make up for the tens to hundreds of billions of dollars of American capex at risk in the Gulf, for example Exxon's tens of billions of dollars of capex in Qatar's LNG supply chain or Chevron's monopoly as the sole upstream producer in Kuwait and the KSA.
Any potential profit they could have made from North American extraction (which itself is questionable due to the significant processing requirements for North American crude) would itself have been eaten away by losses that have already been incurred in the Gulf.
The ONG industry has very low net margins (around 4% for integrated ONG), which means any shock is catastrophic, let alone a crisis such as the current one.
If you think they're pissed now, just wait to see how they react to election interference.
I recently read up on how the House of Representatives renews itself and quite frankly it's one of the most beautiful processes I've seen, completely removing the influence of the prior congress.
Anyone who lived in a browser was fine a decade ago.
At this point... it's basically anyone who doesn't want to play competitive mp games with poorly implemented anti-cheat, or who doesn't have niche legacy hardware (ex - inverters, CNCs, oscopes, etc).
Steam tackling the gaming side of things has basically unlocked the entire Windows consumer software ecosystem for linux. It's incredibly easy to spin up windows only applications with nothing but GUI only software on most distros at this point.
Crazy how much better a system with a modern linux kernel and Gnome or KDE is than Windows 11. I'm at the point where I also prefer it to macOS... which is funny since I think Gnome was basically playing "copy apple" for a bit there 5 years ago, but now has really just become the simpler, easier to use DE.
Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed.
In this case isn't it more that:
Every sculpture that is made, every picture drawn, every bed left unmade, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed.
From where I'm sitting, this is theft, its forced wealth redistribution, from people that are potentially already struggling,to people that choose to slum it as artists. Its not even means tested, this really will result in money transferring from those on the edge of poverty to rich art school kids.
There's currently 16,000 homeless / at risk people in Ireland, including 5000 children [0]. I can think of at least one better use for that money.
Neo-industrialists were let off their leashes and went straight back to their old favorite, wealth extraction. Rockefeller strangled the economy by controlling the trains and pipelines undermining his competition rather than competing on quality. When they can hoard enough cash to buy any potential competitors (see Meta buying Whatsapp and Instagram) it distorts the market. VCs no longer want to build companies they want to sell them.
Fossil fuel can't compete with wind and solar so instead it spends its resources trying to kneecap them rather than innovate.
PE buys up all off an industry in an area and puts the price squeeze on the consumers.
B2B has transitioned from one time sales to a focus on MRR.
Microsoft jams copilot into everything whether it makes sense or not so that it can goose the usage numbers for investors.
Google is incentivized to push ad clicks over legitimate results because it has no real competition.
I could go on for pages and pages. Industry consolidation is what's destroying innovation.
The class of the Ioniq 5 isn't lighter than it's ICE competitors. It may be lighter than a larger SUV, but the tire changes drastically as the GVWR increases.
An Ioniq 5 can weigh over 1000lbs more than a Honda CR-V, for example (depending on trim & battery).
RVs need to have a dual purpose battery pack on board.
I feel like long distance boat hauling is rare. Either they're driving across town to a launch, or it's moored/docked for the season.
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