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My 2 cents on EV.
What I like about it.
It does make a more pleasant drive. Quiet, good pick up.
Less part count, less moving parts.(Electric motor Vs Combustion engine)
Instant start up. Less maintenance needed on drive-train.
What I dont like about it.
Charging takes a long time.
Shorter range.(Diesel cars can go beyond 1000km/tank)
Lifetime of the battery is short. Made worse by the hot and humid climate(then again there are maintenance issues on combustion engine as well, belts, spark plug etc) .
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21-02-2017, 06:37 PM
(This post was last modified: 21-02-2017, 07:16 PM by BlueKelah.)
I used to write off ev. As well due to the limited range issue and charging issue.
However supercharging station is getting more common and also battery cost falling fast, nowadays sgd2000+ can get local battery replacement for those hybrid car batteries, used to be 8k++.
Surely soon we will have plug and play battery, can just switch out battery cells for new one, instant recharge. Like last time smartphone can only use one day need to recharge but now people make external battery packs for recharging on the go. Very possible for this to be done for ev.
And yes for guys main thing is pickup and racing at the traffic light which ev. Like Tesla is definitely quite superior.
But not just ev, hybrids are also becoming very popular and definitely petrol demand will suffer.
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Samsung SDI makes a breakthrough in EV batteries 
http://bgr.com/2017/01/10/samsung-sdi-el...batteries/
(21-02-2017, 06:37 PM)BlueKelah Wrote: I used to write off ev. As well due to the limited range issue and charging issue.
However supercharging station is getting more common and also battery cost falling fast, nowadays sgd2000+ can get local battery replacement for those hybrid car batteries, used to be 8k++.
Surely soon we will have plug and play battery, can just switch out battery cells for new one, instant recharge. Like last time smartphone can only use one day need to recharge but now people make external battery packs for recharging on the go. Very possible for this to be done for ev.
And yes for guys main thing is pickup and racing at the traffic light which ev. Like Tesla is definitely quite superior.
But not just ev, hybrids are also becoming very popular and definitely petrol demand will suffer.
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26-02-2017, 02:38 AM
(This post was last modified: 26-02-2017, 02:51 AM by Wildreamz.)
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Lol.. Russians are non-OPEC, guess they don't have to keep to their promises. They could probably make an excuse that US shale production is coming back online again so no point for them to cut since it's gonna be another race to the bottom....
Oil down more than 2% as Russian output cuts stall
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04-03-2017, 11:53 AM
(This post was last modified: 04-03-2017, 11:55 AM by Temperament.)
(26-02-2017, 02:38 AM)Wildreamz Wrote:
https://www.bloomberg.com/features/2016-ev-oil-crisis/
![[Image: NOGAAAS_OIL.jpg]](https://c1cleantechnicacom-wpengine.netdna-ssl.com/files/2017/02/NOGAAAS_OIL.jpg) At one time, America guards their OIL as reserve only.
Now what happens?
No use as Reserve anymore?
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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04-03-2017, 04:08 PM
(This post was last modified: 06-03-2017, 07:39 AM by BlueKelah.)
(04-03-2017, 11:53 AM)Temperament Wrote: (26-02-2017, 02:38 AM)Wildreamz Wrote:
https://www.bloomberg.com/features/2016-ev-oil-crisis/
At one time, America guards their OIL as reserve only.
Now what happens?
No use as Reserve anymore?
Perhaps they are going towards renewables and nuclear power, so oil to run their economy and army is not as important as before. Or maybe due to recent oil glut, all their onshore and offshore oil storage is FULL liao. China was also filling up past few years, I think also FULL liao.
The shale oil was previously considered dead and unextractable until the new fracking methods were invented and refined. So technically exporting this shale oil is not really tapping into that much of their real normal oil underground reserves.(oh and if you look back you will see my post on them finding IIRC a new 20billion+ barrels of shale oil in one of their oil basins..
If you follow gold history closely, you will know that the fort knox gold reserves already all gone, gold reserves were also closely guarded last time. America is more or less almost bankrupt lah, its just that they have the biggest economy and biggest army and the usd, so can issue debt as they like. When you need a lot of money to fund your government/army u will have no choice to sell anything you can lah...
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10-03-2017, 08:39 PM
(This post was last modified: 10-03-2017, 08:39 PM by BlueKelah.)
OPEC will be struggling soon. What happens in mid 2017 when the oil cut back agreements end? Probably a mad dash to increase output and empty their oil storage facilities.
Oil tumbles over 5% to 2017 low as US petroleum supply surges
NEW YORK (AFP) - Oil prices slumped to their lowest level of 2017 on Wednesday (March 8) following a bearish US supply report that also dented American petroleum-linked shares.
The US oil benchmark, West Texas Intermediate, slid more than five per cent to US$50.28 a barrel, its lowest price since December. International oil benchmark Brent also ended the day at a low for 2017.
US production once again rising above 9m BPD. Plenty of shale oil in the Permian basin, go frackers go...
https://www.eia.gov/dnav/pet/hist/LeafHa...RFPUS2&f=W
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14-03-2017, 10:39 PM
(This post was last modified: 14-03-2017, 10:43 PM by CY09.
Edit Reason: edits
)
As of writing oil prics has plunged back to where it was before news of Opec agreed cuts.
The problem with oil is simply due to insufficient real demand to meet the supply. Until that is resolved, oil prices will remain this low. Either countries have to agree to a production cut or hope the world demand grows large enough. The past year's demand has been artificially inflated by countries buying more to stock up as reserves.
Till then many oil support industries will struggle and it will be interesting to see how many such o&g companies will be propped up by their financial backers
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