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re: Goldman Sachs Claims Oil could go to $20 a barrel
Posted on 4/30/16 at 9:23 pm to dabigfella
Posted on 4/30/16 at 9:23 pm to dabigfella
What stable energy grid will people in Africa be using to power their electric cars? Just an example of many other places that will demand gasoline or Diesel engines. Then there's the vast amount of petrochemical products. Oil isn't going anywhere.
0
Posted on 4/30/16 at 9:30 pm to goodbuds
At this point you can make any call and you have a 50/50 chance of being right. GS were calling to $20/bbl last year when oil was in the 40s....it hit the 20s about a month later.
Posted on 4/30/16 at 9:50 pm to cwill
quote:
What stable energy grid will people in Africa be using to power their electric cars? Just an example of many other places that will demand gasoline or Diesel engines. Then there's the vast amount of petrochemical products. Oil isn't going anywhere.
Tesla supercharging stations im pretty sure are powered by solar panels from their partner solar city and are 100% free to use. Again, Im not a fan of tesla today as I wouldnt want to wait 45+ minutes to charge my car on a road trip but if they could ever get charging times down to say 5-10 minutes which Im sure they can in 20 years I would have to say that as an owner of gas stations and garages, id be in deep shite bc an electric car is so simple to run/service it makes an ICE engine look like a high maintenance call girl by comparison.
This post was edited on 4/30/16 at 9:51 pm
Posted on 4/30/16 at 10:44 pm to dabigfella
But all of that shite without billions of government handouts isn't worth a frick. Hopefully a republican wins and guts those alternative energy programs.
Posted on 4/30/16 at 11:16 pm to cwill
Check the dates on the op
Posted on 5/1/16 at 4:14 pm to Porker Face
Ha! Didn't realize this was an old thread resurrected.
Posted on 5/1/16 at 4:39 pm to MrLSU
Boone T. Pickens was saying basically the opposite less than a month ago.
Posted on 5/1/16 at 5:01 pm to The Cool No 9
I personally like Pickens Boone T. He's not afraid to be wrong, and when he is, he admits it.
He hasn't been wrong about rig count oil price generally, but he has been wrong about the time frame. And he has been wrong about the timing a lot.
He hasn't been wrong about rig count oil price generally, but he has been wrong about the time frame. And he has been wrong about the timing a lot.
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