|
|
|
|
|
by thebmax
3478 days ago
|
|
Without the solar ITC and wind PTC most projects wouldn't be feasible. I'm skeptical these will last past a major tax overhaul as planned this year. I don't think your view on oil prices is correct. Even if supply cuts work US shale producers will pick up any slack. And I don't agree with your long term take on electric cars. Gasoline cars are just better for anyone who actually needs their car. Electric is a luxury and not necessarily cheaper at current gas prices. |
|
* Shale production is not nimble, and OPEC can always profit at lower prices. Saudi Arabia can profit at $12/barrel. Shale is barely profitable at $40/barrel, and needs $50-60/barrel to really be worth the production.
* Gasoline cars are twice as expensive per mile to operate compared to electric cars. EV drivetrains last forever. The internal combustion engine is not long for this world (witness how badly VW had to cheat to pass emissions standards). OPEC participants can't balance their budgets at current market prices, so the price must go up, making EVs even more attractive. [2]
Mind you, I don't really care if you agree with me. We're already on a trajectory; I'm simply describing that trajectory.
[1] http://www.utilitydive.com/news/how-wind-and-solar-plan-to-t...
[2] https://avt.inl.gov/sites/default/files/pdf/fsev/costs.pdf (warning: pdf)