RE: In place of the oil era comes Tesla

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In place of the oil era comes Tesla

in electromobile •  8 years ago  (edited)

Dig on the enthusiasm, but as a oil and tanker investor I'd like to raise some points about consumption.

Vehicles aren't the only place we consume oil and crude products. Plenty of hardware/tech, including solar panels, requires the consumption of oil to produce.

Current energy products are very cost prohibitive. A large portion of the U.S. Economy will not be able to afford a tesla or similar builds for several years.

The gigafactory is still being built. In fact the exterior had build suspended for several mo ths up until the unveiling. While Tesla has plenty of room and time to grow. It does raise suspicion.

Depending on administration it'll could be difficult to keep the tax credits for solar and wind pumping.

Developing and third world countries will increase their use of cheap energy (oil and coal) just as we did. As price drop consumption will increase finding us at an equilibrium.

Solar installation growth has stalled. Take a look at First Solar and whatever solar company Tesla owns and is trying to bail out.

While I expect oil prices to stay sub $60, they'll be in use for years to come. Where they're used is the only thing that will change.

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