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Current Oil Price
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PS_RalphW



Joined: 24 Nov 2005
Posts: 5388
Location: Cambridge

PostPosted: Sun May 20, 2018 6:06 pm    Post subject: Reply with quote

Cost of driving electric car 6 miles to town and back using wind generated electricity - £0.80p

Cost to park in a non-central area of town - £1.20p per hour.

Cost to park in town centre all day - cheaper to pay the fixed rate parking fine.

Chances of finding a parking space, almost nil.

Trump and China have agreed a new trade deal. Expect oil to rise above $80 again.
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BritDownUnder



Joined: 21 Sep 2011
Posts: 421
Location: Hunter Valley, NSW, Australia

PostPosted: Mon May 21, 2018 1:40 am    Post subject: Reply with quote

PS_RalphW wrote:
Cost of driving electric car 6 miles to town and back using wind generated electricity - £0.80p

Cost to park in a non-central area of town - £1.20p per hour.


I think you have hit on something there. The cost of battery powered motor charged by personal solar will be lower and less disruptive to the world politics and also enable the users to be more independent of government, both their own and energy suppliers.
This will be a great concern to a lot of governments, and capitalists as well, particularly in how they extract money from people with electric cars. Interchangeable batteries were given the finger by electric car users. Maybe 'leased' batteries could be an option in the name of green and the environment.
Taxes may a bit more difficult but I can see being charged royally to park anywhere could be a way of getting money out of motorists. Not sure what the oil producers will do. Maybe buy shares in electric car manufacturers and battery developers. Maybe also buy up lithium resources.

Perhaps in a few years we may watch the price of lithium as closely as we watch the price of oil now.
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RenewableCandy



Joined: 12 Sep 2007
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PostPosted: Mon May 21, 2018 2:14 pm    Post subject: Reply with quote

Here in the UK they'll buy land. In fact I reckon they probably already have.
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vtsnowedin



Joined: 07 Jan 2011
Posts: 4801
Location: New England ,Chelsea Vermont

PostPosted: Tue May 22, 2018 1:34 am    Post subject: Reply with quote

BritDownUnder wrote:
PS_RalphW wrote:
Cost of driving electric car 6 miles to town and back using wind generated electricity - £0.80p

Cost to park in a non-central area of town - £1.20p per hour.


I think you have hit on something there. The cost of battery powered motor charged by personal solar will be lower and less disruptive to the world politics and also enable the users to be more independent of government, both their own and energy suppliers.
This will be a great concern to a lot of governments, and capitalists as well, particularly in how they extract money from people with electric cars. Interchangeable batteries were given the finger by electric car users. Maybe 'leased' batteries could be an option in the name of green and the environment.
Taxes may a bit more difficult but I can see being charged royally to park anywhere could be a way of getting money out of motorists. Not sure what the oil producers will do. Maybe buy shares in electric car manufacturers and battery developers. Maybe also buy up lithium resources.

Perhaps in a few years we may watch the price of lithium as closely as we watch the price of oil now.
Think ahead where all cars are electric and charged up by off grid solar. The government will still have to build and maintain all the roads and as electric cars are no lighter then ICEs the wear and tear will be the same along with the cost. That tax money will have to come from some where and amount to the same as the gas tax being paid by that driver in an ICE currently about $325 per year plus license, purchase tax and registrations. You may save money on gas with a plug in electric but you won't save money on the taxes for very long.
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emordnilap



Joined: 05 Sep 2007
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PostPosted: Tue May 22, 2018 10:49 am    Post subject: Reply with quote

All EV 'subsidies' for the individual are really for the 1%, just like rent subsidies are.

These 'subsidies' will disappear with peoples' choices.
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clv101
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PostPosted: Tue May 22, 2018 11:34 am    Post subject: Reply with quote

One key point about EVs (in the UK at least) is that once all taxes are stripped out, they aren't any cheaper to run than ICE. Now, the economics may tip in EV's favour if the car industry can manage to make EVs simple and reliable enough that they last for significantly more miles, with significantly lower maintain cost than the typical privately owned ICE.

Personally, I think the future of cars should be a shift away from privately owned vehicles. It's a hopelessly inefficient way to provision a transport system, vast amounts of under-utilised infrastructure, vast amounts of waste associated with brand development, marketing, relaunching essentially the same vehicle every few years etc...
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PS_RalphW



Joined: 24 Nov 2005
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PostPosted: Tue May 22, 2018 2:06 pm    Post subject: Reply with quote

UK electricity is taxed at 5%. There is an annual duty tax on most ice cars, but electric cars are exempt. Road damage increases more than exponentially with the axle weight of the vehicles using it, so almost all damage is done by trucks. However, roads do decay with time, vegetation, subsidence and weather even if not used. The UK practice is to bury pipes and cables under the roadway, so in towns and villages the road is dug up and badly repaired almost constantly, which vastly increases the overall repair costs long term. Local roads are funded through property taxes, but major roads are through national taxation.
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vtsnowedin



Joined: 07 Jan 2011
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Location: New England ,Chelsea Vermont

PostPosted: Wed May 23, 2018 12:53 am    Post subject: Reply with quote

clv101 wrote:


Personally, I think the future of cars should be a shift away from privately owned vehicles. It's a hopelessly inefficient way to provision a transport system, vast amounts of under-utilised infrastructure, vast amounts of waste associated with brand development, marketing, relaunching essentially the same vehicle every few years etc...

I take issue with that. For the urban person perhaps the Uber car can drop you off at your destination and go off and provide rides for other people while you do what ever it is you are doing at that destination and return for you when you want to leave on your next trip. But all that constant driving around wears out the Uber car or a taxi at a rapid pace. On the other hand a privately owned car takes you home (or work etc.) and sits parked and waits for your next trip and is right where you are when you need it. While it is parked it is not getting any miles on it or consuming any energy. In that regard it is very efficient as it only wears out as you use it. The Uber car has the advantage of not racking up car park fees but the rural driver seldom pays those. And as for vast amounts of under utilized infrastructure ? I have a hard time thinking of a road that isn't being utilized at close to or in excess of it's capacity.
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Lord Beria3



Joined: 25 Feb 2009
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Location: Moscow Russia

PostPosted: Tue Aug 07, 2018 10:34 pm    Post subject: Reply with quote

https://www.telegraph.co.uk/business/2018/08/07/trumps-iran-sanctions-leave-world-defenceless-against-oil-shock/

Quote:
Analysts warn that the draconian move by Washington will halve Iran’s oil exports by November, squeezing global oil supply by up to 1.5m barrels a day (b/d).

This would leave the world with safety buffers near zero for the first time in the modern oil age, assuming that global economic growth continues near trend rate.

This is a thinner margin than during the two great oil shocks of 1979 and 2008. It leaves a Sword of Damocles hanging over the global economy.

Westbeck Energy warned that any supply shock or geo-political crisis in these circumstances could trigger an explosive spike to $150 or more by the middle of next year. Brent crude is currently $74.70.

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kenneal - lagger
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PostPosted: Wed Aug 08, 2018 2:24 pm    Post subject: Reply with quote

I wonder how many of Trump's backers bought oil futures or similar "sensitive" stocks just before the announcement? A few will profit from the exercise at the expense of the many.
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adam2
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PostPosted: Wed Aug 22, 2018 3:20 pm    Post subject: Reply with quote

Brent crude rises sharply today, to over $74.
There is nothing remarkable about the actual price, it has been higher in recent months.
It is however a rather sudden increase in one day.

Anyone know why ?
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raspberry-blower



Joined: 14 Mar 2009
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PostPosted: Wed Aug 22, 2018 9:52 pm    Post subject: Reply with quote

adam2 wrote:
Brent crude rises sharply today, to over $74.
There is nothing remarkable about the actual price, it has been higher in recent months.
It is however a rather sudden increase in one day.

Anyone know why ?


According to Oil Price this
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PS_RalphW



Joined: 24 Nov 2005
Posts: 5388
Location: Cambridge

PostPosted: Mon Sep 24, 2018 2:17 pm    Post subject: Reply with quote

Brent over $80, testing $81. Global supply and demand are no longer in balance, and global stocks are declining. No amount of hot air from Trump or Saudi Arabia can change that. Venezuela production is in free-fall. Sanctions on Iran don't help. US shale oil production is not ramping up as fast as demand. At least one of the major US shale fields is close to geological peak. Nowhere in the world are major new field developments planned to come on line in the next few years.

We may not be at all time geological peak (I have called that wrong many times) but we are close to the next oil price shock unless something else triggers a world recession first.
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PS_RalphW



Joined: 24 Nov 2005
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Location: Cambridge

PostPosted: Mon Oct 01, 2018 4:57 pm    Post subject: Reply with quote

Brent spikes through $84.

Looking like $100 by year's end. Next heating oil bill is going to be painful.

Have we learnt nothing since 2008? The world is burning oil faster than it is being pumped out of the ground. Sanctions on Iran are reducing supply. Near zero interest rates are still the global fiscal policy.

What will be the trigger for the next financial meltdown? (apart from oil prices of course)
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emordnilap



Joined: 05 Sep 2007
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PostPosted: Mon Oct 01, 2018 5:14 pm    Post subject: Reply with quote

PS_RalphW wrote:
What will be the trigger for the next financial meltdown? (apart from oil prices of course)


A financial meltdown doesn't matter that much. It's the burning of the fossil fuel that's the real worry.
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