I've only noticed it getting really squirrelly in the last year or so... that's not to say annual exit rates haven't always been a joke.
True. Russia and Saudi are expected to agree on extending the production cuts through 2018 because of expected increases in US production.Ag CPA said:nu awlins ag said:
Huge drop in inventories of 6 million barrel vs. expectations of a 756,000 decrease. Some analysts are touting that the markets have largely rebalanced. Citigroup has forecast WTI at $54 a barrel and Brent at $58 in the 4th quarter. Good for the end of 2017 and going into 2018. There is still talk of extending the cuts through 2018...
The record 2mm bbls of daily exports spooked traders late in the session; that is an amazing number but makes since given the current spread with Brent. Should be interesting to see which way the market goes in coming days, just can't seem to hang on above $50.
Exactly, and in SA's case the situation is compounded by them spending down their foreign currency reserves in order to replace the lost energy revenue in their national budget.ColinAggie said:
I don't see the Saudis and Russians playing the cuts game too much longer. I just can't fathom a scenario where they sit back and cut their production while the US ramps theirs up and gains market share. Market share is after all what started this whole mess.
ColinAggie said:
I don't see the Saudis and Russians playing the cuts game too much longer. I just can't fathom a scenario where they sit back and cut their production while the US ramps theirs up and gains market share. Market share is after all what started this whole mess.
TxAg20 said:
"Buffett should have consulted Elon Musk who is going to put 500K, no 300K, no 1K electric vehicles on the road next year."
AgLA06 said:TxAg20 said:
"Buffett should have consulted Elon Musk who is going to put 500K, no 300K, no 1K electric vehicles on the road next year."
Elon has made some cool stuff, but can you imagine what he could be if he wasn't limited by a liberal devotion that motors were the devil? If he was ever smart enough to offer a 4 cylinder LP engine or diesel engine in addition to the battery system in his cars he could actually accomplish his production goals.
I mean other than the silly omission that power plants still create the electricity for his cars, Tesla has promise. I'd be interested if they could improve the range and add the redundancy of a non electric engine or a true dual power electric / fuel engine to their current system.
In my mind there's a couple of things holding me back from buying one.
1) A lack of similar range to gas / diesel engine vehicles.
2) Lack of a comprehensive recharge station network as convenient as gas stations.
3) No redundancy of propulsion systems. Replacing the battery bank is rumored to be as expensive as buying a new car and we know how long a new cell phone lasts before seeing battery charges lasting less and less over their lifespan. A small conventional engine or LP engine could provide options.
But no. He'll continue to push the BS allusion of "green" oil and gas hating narrative at the expense of progress.
So many reasons. For those of us that keep our cars for 10+ years and over 100k miles I am extremely doubtful about the life of the batteries , NO history. Also where do you take the thing for the inevitable aches and pains we ALL see about 15 minutes after the warranty expires? Doubtful that Acme Garage and Car Wash can repair the Tesla as readily as it can the Chevy. Hell..where would you take it in College Station for warranty work ?gougler08 said:AgLA06 said:TxAg20 said:
"Buffett should have consulted Elon Musk who is going to put 500K, no 300K, no 1K electric vehicles on the road next year."
Elon has made some cool stuff, but can you imagine what he could be if he wasn't limited by a liberal devotion that motors were the devil? If he was ever smart enough to offer a 4 cylinder LP engine or diesel engine in addition to the battery system in his cars he could actually accomplish his production goals.
I mean other than the silly omission that power plants still create the electricity for his cars, Tesla has promise. I'd be interested if they could improve the range and add the redundancy of a non electric engine or a true dual power electric / fuel engine to their current system.
In my mind there's a couple of things holding me back from buying one.
1) A lack of similar range to gas / diesel engine vehicles.
2) Lack of a comprehensive recharge station network as convenient as gas stations.
3) No redundancy of propulsion systems. Replacing the battery bank is rumored to be as expensive as buying a new car and we know how long a new cell phone lasts before seeing battery charges lasting less and less over their lifespan. A small conventional engine or LP engine could provide options.
But no. He'll continue to push the BS allusion of "green" oil and gas hating narrative at the expense of progress.
Number 2 is the biggest blocker to me. There will have to be a ton of infrastructure added across the US if the electric car will become the number one vehicle. I don't see how that happens any time soon
with a battery car you would have fewer mechanical parts, thus fewer headaches. Businesses would adapt. Service and repair stations would pop up everywhere if there was a significant demand. We are going to shift more and more to electric cars. Better warm up to the idea, it is happening.The Original AG 76 said:So many reasons. For those of us that keep our cars for 10+ years and over 100k miles I am extremely doubtful about the life of the batteries , NO history. Also where do you take the thing for the inevitable aches and pains we ALL see about 15 minutes after the warranty expires? Doubtful that Acme Garage and Car Wash can repair the Tesla as readily as it can the Chevy. Hell..where would you take it in College Station for warranty work ?gougler08 said:AgLA06 said:TxAg20 said:
"Buffett should have consulted Elon Musk who is going to put 500K, no 300K, no 1K electric vehicles on the road next year."
Elon has made some cool stuff, but can you imagine what he could be if he wasn't limited by a liberal devotion that motors were the devil? If he was ever smart enough to offer a 4 cylinder LP engine or diesel engine in addition to the battery system in his cars he could actually accomplish his production goals.
I mean other than the silly omission that power plants still create the electricity for his cars, Tesla has promise. I'd be interested if they could improve the range and add the redundancy of a non electric engine or a true dual power electric / fuel engine to their current system.
In my mind there's a couple of things holding me back from buying one.
1) A lack of similar range to gas / diesel engine vehicles.
2) Lack of a comprehensive recharge station network as convenient as gas stations.
3) No redundancy of propulsion systems. Replacing the battery bank is rumored to be as expensive as buying a new car and we know how long a new cell phone lasts before seeing battery charges lasting less and less over their lifespan. A small conventional engine or LP engine could provide options.
But no. He'll continue to push the BS allusion of "green" oil and gas hating narrative at the expense of progress.
Number 2 is the biggest blocker to me. There will have to be a ton of infrastructure added across the US if the electric car will become the number one vehicle. I don't see how that happens any time soon
NOPE...not on the horizon AT ALL.
Agree about the dual engine. I rode in my friend's Volt this past weekend and it was amazing. Drove to BCS and bag on the charge. smooth as silk acceleration, no gears.AgLA06 said:TxAg20 said:
"Buffett should have consulted Elon Musk who is going to put 500K, no 300K, no 1K electric vehicles on the road next year."
Elon has made some cool stuff, but can you imagine what he could be if he wasn't limited by a liberal devotion that motors were the devil? If he was ever smart enough to offer a 4 cylinder LP engine or diesel engine in addition to the battery system in his cars he could actually accomplish his production goals.
I mean other than the silly omission that power plants still create the electricity for his cars, Tesla has promise. I'd be interested if they could improve the range and add the redundancy of a non electric engine or a true dual power electric / fuel engine to their current system.
In my mind there's a couple of things holding me back from buying one.
1) A lack of similar range to gas / diesel engine vehicles.
2) Lack of a comprehensive recharge station network as convenient as gas stations.
3) No redundancy of propulsion systems. Replacing the battery bank is rumored to be as expensive as buying a new car and we know how long a new cell phone lasts before seeing battery charges lasting less and less over their lifespan. A small conventional engine or LP engine could provide options.
But no. He'll continue to push the BS allusion of "green" oil and gas hating narrative at the expense of progress.
I don't know it's happening as quickly as some think. Warren Buffett evidently thinks the same.Ragoo said:with a battery car you would have fewer mechanical parts, thus fewer headaches. Businesses would adapt. Service and repair stations would pop up everywhere if there was a significant demand. We are going to shift more and more to electric cars. Better warm up to the idea, it is happening.The Original AG 76 said:So many reasons. For those of us that keep our cars for 10+ years and over 100k miles I am extremely doubtful about the life of the batteries , NO history. Also where do you take the thing for the inevitable aches and pains we ALL see about 15 minutes after the warranty expires? Doubtful that Acme Garage and Car Wash can repair the Tesla as readily as it can the Chevy. Hell..where would you take it in College Station for warranty work ?gougler08 said:AgLA06 said:TxAg20 said:
"Buffett should have consulted Elon Musk who is going to put 500K, no 300K, no 1K electric vehicles on the road next year."
Elon has made some cool stuff, but can you imagine what he could be if he wasn't limited by a liberal devotion that motors were the devil? If he was ever smart enough to offer a 4 cylinder LP engine or diesel engine in addition to the battery system in his cars he could actually accomplish his production goals.
I mean other than the silly omission that power plants still create the electricity for his cars, Tesla has promise. I'd be interested if they could improve the range and add the redundancy of a non electric engine or a true dual power electric / fuel engine to their current system.
In my mind there's a couple of things holding me back from buying one.
1) A lack of similar range to gas / diesel engine vehicles.
2) Lack of a comprehensive recharge station network as convenient as gas stations.
3) No redundancy of propulsion systems. Replacing the battery bank is rumored to be as expensive as buying a new car and we know how long a new cell phone lasts before seeing battery charges lasting less and less over their lifespan. A small conventional engine or LP engine could provide options.
But no. He'll continue to push the BS allusion of "green" oil and gas hating narrative at the expense of progress.
Number 2 is the biggest blocker to me. There will have to be a ton of infrastructure added across the US if the electric car will become the number one vehicle. I don't see how that happens any time soon
NOPE...not on the horizon AT ALL.
Warren's comment is about the movement of goods, not people. On a commercial scale the Semi is not going away soon. He also sees our consumerism increasing and thus the need to move goods around the country.techno-ag said:I don't know it's happening as quickly as some think. Warren Buffett evidently thinks the same.Ragoo said:with a battery car you would have fewer mechanical parts, thus fewer headaches. Businesses would adapt. Service and repair stations would pop up everywhere if there was a significant demand. We are going to shift more and more to electric cars. Better warm up to the idea, it is happening.The Original AG 76 said:So many reasons. For those of us that keep our cars for 10+ years and over 100k miles I am extremely doubtful about the life of the batteries , NO history. Also where do you take the thing for the inevitable aches and pains we ALL see about 15 minutes after the warranty expires? Doubtful that Acme Garage and Car Wash can repair the Tesla as readily as it can the Chevy. Hell..where would you take it in College Station for warranty work ?gougler08 said:AgLA06 said:TxAg20 said:
"Buffett should have consulted Elon Musk who is going to put 500K, no 300K, no 1K electric vehicles on the road next year."
Elon has made some cool stuff, but can you imagine what he could be if he wasn't limited by a liberal devotion that motors were the devil? If he was ever smart enough to offer a 4 cylinder LP engine or diesel engine in addition to the battery system in his cars he could actually accomplish his production goals.
I mean other than the silly omission that power plants still create the electricity for his cars, Tesla has promise. I'd be interested if they could improve the range and add the redundancy of a non electric engine or a true dual power electric / fuel engine to their current system.
In my mind there's a couple of things holding me back from buying one.
1) A lack of similar range to gas / diesel engine vehicles.
2) Lack of a comprehensive recharge station network as convenient as gas stations.
3) No redundancy of propulsion systems. Replacing the battery bank is rumored to be as expensive as buying a new car and we know how long a new cell phone lasts before seeing battery charges lasting less and less over their lifespan. A small conventional engine or LP engine could provide options.
But no. He'll continue to push the BS allusion of "green" oil and gas hating narrative at the expense of progress.
Number 2 is the biggest blocker to me. There will have to be a ton of infrastructure added across the US if the electric car will become the number one vehicle. I don't see how that happens any time soon
NOPE...not on the horizon AT ALL.
techno-ag said:I don't know it's happening as quickly as some think. Warren Buffett evidently thinks the same.Ragoo said:with a battery car you would have fewer mechanical parts, thus fewer headaches. Businesses would adapt. Service and repair stations would pop up everywhere if there was a significant demand. We are going to shift more and more to electric cars. Better warm up to the idea, it is happening.The Original AG 76 said:So many reasons. For those of us that keep our cars for 10+ years and over 100k miles I am extremely doubtful about the life of the batteries , NO history. Also where do you take the thing for the inevitable aches and pains we ALL see about 15 minutes after the warranty expires? Doubtful that Acme Garage and Car Wash can repair the Tesla as readily as it can the Chevy. Hell..where would you take it in College Station for warranty work ?gougler08 said:AgLA06 said:TxAg20 said:
"Buffett should have consulted Elon Musk who is going to put 500K, no 300K, no 1K electric vehicles on the road next year."
Elon has made some cool stuff, but can you imagine what he could be if he wasn't limited by a liberal devotion that motors were the devil? If he was ever smart enough to offer a 4 cylinder LP engine or diesel engine in addition to the battery system in his cars he could actually accomplish his production goals.
I mean other than the silly omission that power plants still create the electricity for his cars, Tesla has promise. I'd be interested if they could improve the range and add the redundancy of a non electric engine or a true dual power electric / fuel engine to their current system.
In my mind there's a couple of things holding me back from buying one.
1) A lack of similar range to gas / diesel engine vehicles.
2) Lack of a comprehensive recharge station network as convenient as gas stations.
3) No redundancy of propulsion systems. Replacing the battery bank is rumored to be as expensive as buying a new car and we know how long a new cell phone lasts before seeing battery charges lasting less and less over their lifespan. A small conventional engine or LP engine could provide options.
But no. He'll continue to push the BS allusion of "green" oil and gas hating narrative at the expense of progress.
Number 2 is the biggest blocker to me. There will have to be a ton of infrastructure added across the US if the electric car will become the number one vehicle. I don't see how that happens any time soon
NOPE...not on the horizon AT ALL.
I'll have to look but there's ab agreement he can buy the other half in a few years. It's a pretty big bet on ICEs.John Francis Donaghy said:techno-ag said:I don't know it's happening as quickly as some think. Warren Buffett evidently thinks the same.Ragoo said:with a battery car you would have fewer mechanical parts, thus fewer headaches. Businesses would adapt. Service and repair stations would pop up everywhere if there was a significant demand. We are going to shift more and more to electric cars. Better warm up to the idea, it is happening.The Original AG 76 said:So many reasons. For those of us that keep our cars for 10+ years and over 100k miles I am extremely doubtful about the life of the batteries , NO history. Also where do you take the thing for the inevitable aches and pains we ALL see about 15 minutes after the warranty expires? Doubtful that Acme Garage and Car Wash can repair the Tesla as readily as it can the Chevy. Hell..where would you take it in College Station for warranty work ?gougler08 said:AgLA06 said:TxAg20 said:
"Buffett should have consulted Elon Musk who is going to put 500K, no 300K, no 1K electric vehicles on the road next year."
Elon has made some cool stuff, but can you imagine what he could be if he wasn't limited by a liberal devotion that motors were the devil? If he was ever smart enough to offer a 4 cylinder LP engine or diesel engine in addition to the battery system in his cars he could actually accomplish his production goals.
I mean other than the silly omission that power plants still create the electricity for his cars, Tesla has promise. I'd be interested if they could improve the range and add the redundancy of a non electric engine or a true dual power electric / fuel engine to their current system.
In my mind there's a couple of things holding me back from buying one.
1) A lack of similar range to gas / diesel engine vehicles.
2) Lack of a comprehensive recharge station network as convenient as gas stations.
3) No redundancy of propulsion systems. Replacing the battery bank is rumored to be as expensive as buying a new car and we know how long a new cell phone lasts before seeing battery charges lasting less and less over their lifespan. A small conventional engine or LP engine could provide options.
But no. He'll continue to push the BS allusion of "green" oil and gas hating narrative at the expense of progress.
Number 2 is the biggest blocker to me. There will have to be a ton of infrastructure added across the US if the electric car will become the number one vehicle. I don't see how that happens any time soon
NOPE...not on the horizon AT ALL.
Buffett invests in companies that show steady returns. All his investments in Pilot/Flying J truck stops shows is that Pilot/Flying J has a steady business that provides steady returns. Nothing says he can't sell it back off at some point in the future if that changes.
techno-ag said:I'll have to look but there's ab agreement he can buy the other half in a few years. It's a pretty big bet on ICEs.John Francis Donaghy said:techno-ag said:I don't know it's happening as quickly as some think. Warren Buffett evidently thinks the same.Ragoo said:with a battery car you would have fewer mechanical parts, thus fewer headaches. Businesses would adapt. Service and repair stations would pop up everywhere if there was a significant demand. We are going to shift more and more to electric cars. Better warm up to the idea, it is happening.The Original AG 76 said:So many reasons. For those of us that keep our cars for 10+ years and over 100k miles I am extremely doubtful about the life of the batteries , NO history. Also where do you take the thing for the inevitable aches and pains we ALL see about 15 minutes after the warranty expires? Doubtful that Acme Garage and Car Wash can repair the Tesla as readily as it can the Chevy. Hell..where would you take it in College Station for warranty work ?gougler08 said:AgLA06 said:TxAg20 said:
"Buffett should have consulted Elon Musk who is going to put 500K, no 300K, no 1K electric vehicles on the road next year."
Elon has made some cool stuff, but can you imagine what he could be if he wasn't limited by a liberal devotion that motors were the devil? If he was ever smart enough to offer a 4 cylinder LP engine or diesel engine in addition to the battery system in his cars he could actually accomplish his production goals.
I mean other than the silly omission that power plants still create the electricity for his cars, Tesla has promise. I'd be interested if they could improve the range and add the redundancy of a non electric engine or a true dual power electric / fuel engine to their current system.
In my mind there's a couple of things holding me back from buying one.
1) A lack of similar range to gas / diesel engine vehicles.
2) Lack of a comprehensive recharge station network as convenient as gas stations.
3) No redundancy of propulsion systems. Replacing the battery bank is rumored to be as expensive as buying a new car and we know how long a new cell phone lasts before seeing battery charges lasting less and less over their lifespan. A small conventional engine or LP engine could provide options.
But no. He'll continue to push the BS allusion of "green" oil and gas hating narrative at the expense of progress.
Number 2 is the biggest blocker to me. There will have to be a ton of infrastructure added across the US if the electric car will become the number one vehicle. I don't see how that happens any time soon
NOPE...not on the horizon AT ALL.
Buffett invests in companies that show steady returns. All his investments in Pilot/Flying J truck stops shows is that Pilot/Flying J has a steady business that provides steady returns. Nothing says he can't sell it back off at some point in the future if that changes.
I just don't see it for long haul in this country in our lifetimes. Dense urban areas, yeah it's doable. Crossing the American continent and places like Africa with little to no infrastructure, not anytime soon. Others may differ. YMMV.Nagler said:
What's the electric vehicle approach to long distance driving? Are they going to expect every one to sit and wait while their batteries recharge?
Nagler said:
What's the electric vehicle approach to long distance driving? Are they going to expect every one to sit and wait while their batteries recharge?
Nagler said:
What's the electric vehicle approach to long distance driving? Are they going to expect every one to sit and wait while their batteries recharge?
Yup. It has to equivocate a pump fill up at a gas station, and be ubiquitous. Like gas stations are. Nobody is going to drive a couple hours, wait 30 minutes for a recharge, then drive some more only to wait another half hour. Not when they can top off their tank in 5 minutes or less.LostInLA07 said:
I'm not waiting 30 minutes to "fill up". Once I can re-charge to 80/90% in under 5 minutes I'll consider an electric car as my primary vehicle.
1876er said:Nagler said:
What's the electric vehicle approach to long distance driving? Are they going to expect every one to sit and wait while their batteries recharge?
Flying. Who drives more than 500 miles when flights are so cheap?
John Francis Donaghy said:Nagler said:
What's the electric vehicle approach to long distance driving? Are they going to expect every one to sit and wait while their batteries recharge?
Rapid charging technology is getting much better, and the most time consuming part of a charge is the last 10-20%. I don't think it would be out of the realm of possibility to be able to charge an EV to 80-90% in 30 min or less in the not-tpo-distent future.
That would require highway charging stations between metro areas that have lots of land to build charging lots on, and profit generating accomodations for people while they wait, like restaurants, snacks, restrooms, trinkets for sale, that kind of stuff.
So if you were an enterprising billionaire looking for an investment that was stable and profitable today, but had the infrastructure already in place to pivot to corner that particular market that is likely to emerge over the coming decades, what sort of business might you buy today?
74OA said:
If you do a quick google search on the SA decision to cut prices a couple of years ago, you'll see a common theme stating it was primarily motivated by SA's desire to defend its market share from further encroachment by what was then inefficient, expensive US shale producers. The idea was to quickly drive US shale out of business by pricing them out of the market. As we've seen since, that plan backfired as it merely culled the US energy industry of its weak sisters and compelled the rest to become far more efficient. As a result, SA is today losing both revenue due to the price cuts and market share due to US energy becoming ever more competitive.
For Example
Yeah the automotive industry as is, along with its infrastructure, has been in place over a hundred years. It's not going away any time soon.John Francis Donaghy said:agdaddy04 said:
You realize it's not like swapping a traditional car battery, right?
It very well could be 10 years from now. Lots of yall seem to be getting stuck on the tech that exists today. EVs aren't the answer today specifically because the tech isn't quite there yet, I don't anyone would argue that.
But think of the progress that has been made in the arena in the last decade, and there is a very real possibility that EVs will be the more practical option in another 10 years or so. A few years ago, EV range was limited to local use only and charges took 10+ hours, now Teslas can go hundreds of miles on a charge and the newest charging stations being inatalled in Europe today can hit 80% in about 15 minutes. Progress will continue to be made, and I'm a bit surprised that so many in the O&G industry on here seem so dead set on sticking their heads in the sand about a rapidly emerging technology that could severely reduce demand for one of their major products in the not-so-distent future.