Member Info for BoldlyGo

I liked the debate between E_AL, Rabito79 and Olderwiser. It was informative for me. Then it was disrupted.

This looked like an interesting thread. Shame.

https://www.theguardian.com/environment/2020/apr/17/us-shale-industry-expected-shrink-oil-price-falls

ConocoPhillips, plans to slash its North American oil production by 225,000 barrels of oil a day and cut its planned spending by more than a quarter to $4.3bn.

https://www.theguardian.com/environment/2020/apr/17/us-shale-industry-expected-shrink-oil-price-falls

The actual price of a barrel of oil is only a small percentage of what we pay for a gallon of petrol at the pump.
The majority is tax, then there's transportation, refinement, profit, etc, all the way down to the wages of the cashier in the kiosk. Electricity doesn't have those overheads. Governments will need to get creative to make up the tax shortfall though but, to get us out of the upcoming depression, I can see big changes on that front anyway, Universal Basic Income I reckon.

It is worrying but there are three ifs there, and the Directors are confident.
Hopefully it is a legal thing.

Hugely significant for PANR, hopefully for 88e as well.

that's at 51:00

https://www.youtube.com/watch?v=5fFfNbtB8_k&feature=youtu.be
We get a mention - 41:30 to 51:15

thanks garrym

I'd be interested in garrym's opinion on this.

https://www.independent.co.uk/news/business/analysis-and-features/coronavirus-oil-gas-industry-climate-change-renewable-energy-a9453756.html

https://www.independent.co.uk/news/business/analysis-and-features/coronavirus-oil-gas-industry-climate-change-renewable-energy-a9453756.html

Tondy has ridden in

With oil subdued for the foreseeable future, maybe Russia will want to fast track a few projects in other sectors.

Honda looks like Kodak would be a better analogy

EVs are becoming cheaper to buy every year and they are way cheaper to run and maintain.
Have a look at the S Curve for products such as telephones, televisions, washing machines, microwaves, personal computers, etc - EVs are about to go vertical.
Battery tech is coming on leaps and bounds. Charging points are cropping up all over the place.

If you listen to a Tony Seba lecture https://www.youtube.com/watch?v=y916mxoio0E he talks about the effect on real estate values when car parks, parking spaces, garages, petrol stations, etc. become redundant - cheap transport and cheap housing.

Private car ownership is dying. The younger generation aren't interested in cars so much. Apart from that, since the 2008 financial crash they are poorer, and having to pay rent in the private sector, many don't want the expense of a car. This pandemic and Brexit will accelerate this trend for all of us.
Jeremy Clarkson complains that Millennials don't watch Top Gear as much as Boomers. They see Transport as a Service (TaaS) ie get an Uber when needed at a fraction of the price.

If you want to know about the future of renewables, EVs, AI, Self drive, etc and their effect on society then listen to Tony Seba
https://www.youtube.com/watch?v=y916mxoio0E

This is why I'm still in AMC - our time will come!Q

Tarth - his alter ego rfarfa will now appear and tell you off for mocking the afflicted