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      03-03-2024, 10:39 PM   #6997
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Originally Posted by Car-Addicted View Post

China Discovers World's Largest Oil Deposit
Mar.02 - 2024
A crucial discovery for China, aiming to reduce its energy dependence, has come to light with the Chinese oil company China National Offshore Oil Corporation, better known as CNOOC, reportedly uncovering the world's largest oil deposit in the Bohai Sea. This is reported by Naftemporiki.
The Bozhong 26-6 oil field, discovered in 2022, has now confirmed record levels of hydrocarbon reserves following a series of drilling operations, potentially exceeding 1.3 billion barrels (over 200 million cubic meters).
The gigantic deposit was found in metamorphic rocks in the Bohai Sea, a small inland sea located at the northern tip of the East China Sea and northwest of the Yellow Sea, on the northeastern coast of China.
https://www.dagens.com/news/china-di...st-oil-deposit

What caught my eye was
2.5 Petroleum Occurrence
Petroleum reservoirs are normally found in sedimentary rocks. Rarely, petroleum is found in fractured igneous or metamorphic rocks. Igneous and metamorphic rocks originate in high pressure and temperature conditions that do not favor the formation of petroleum reservoirs.
https://www.sciencedirect.com/topics...leum-reservoir
Honestly it's probably 10% the size that China claims it is, and China will spend billions to develop it and pump water out of the sea and put that in barrels then quietly dispose of them to keep their sham of economic growth going.

They've got a ton of empty cities they built they could dump the water they fake drill at too.
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      03-04-2024, 04:05 AM   #6998
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Tesla driver cremated in his own vehicle after he couldn't get out.
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      03-04-2024, 06:04 AM   #6999
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Originally Posted by gblansten View Post
So, now, instead of EVs burning everything down they are only as bad as ICE cars.
They are worse than the Pinto !, yet crickets from the safety agencies because Green Insanity. The propaganda from Green media to obscure the safety risk of EV fires is a Gerbils level effort.

Speaking of fires, Tesla data shows at least 20 fatalities related to fire, and many more injuries. (Update January 2023: now 53 fatalities, double the Ford Pinto). Because the only safety regulator solution to EV fire risk danger of death DOUBLE THE PINTO is to BAN EV's !!!! The little people will just have to live , or die, with that little inconvenient Green Insanity fact of life.

…”if Tesla were an average car, we would have expected 0.23 Tesla fire deaths in 2016, 0.35 in 2017, 0.45 deaths in 2018, and 0.16 deaths in 1Q 2019,” [a financial analyst] wrote. That’s a total of 1.19 fire deaths over three years. Business Insider has counted at least 20 reported incidents of Teslas catching on fire since 2013 and five deaths in the past 14 months.
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Last edited by Weather Man; 03-04-2024 at 06:25 AM..
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      03-04-2024, 06:07 AM   #7000
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Originally Posted by M5Rick View Post
Tesla driver cremated in his own vehicle after he couldn't get out.
Move along! Nothing to see here ! Be more like Schultz !
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      03-04-2024, 06:09 AM   #7001
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We'll call that debt a stupid tax': Florida woman told Dave Ramsey of husband's 'horrible' choice to buy an EV for $72K — and falling gas prices mean charging it might cost more than fuel
March 1, 2024
On an episode of “The Ramsey Show,” she described how her husband went from a fully paid-off modest car to an expensive electric vehicle (EV) that has changed their financial situation.
Dave Ramsey couldn’t believe how expensive the car was.
“$72,000 for a Kia?!” he gasped.
Ashley also said they still owed $62,000 on the auto loan and the dealership only offered $40,000 to buy the car back. In other words, the car has negative equity.
Meanwhile, electric vehicles have lost value faster than traditional used cars, according to analysis from iSeeCars.com. Used EVs lost 33.7% of their value, on average, between October 2022 and October 2023.
Auto loans and sinking car values are prominent trends. American consumers have raked up $1.61 trillion in auto loan debt as of the fourth quarter of 2023, according to the Federal Reserve Bank of New York.
Ramsey recommended Ashely and her husband try to sell the car for $50,000. This would leave $12,000 in negative equity on the auto loan that they must cover. He also suggested taking out a personal loan to cover the rest.
https://moneywise.com/loans/auto-loa...uys-72k-kia-ev

I suspect this story is too common and having a government incentivising this is not good.

Lets look at the history of government getting involved in the private sector.
Housing market: Fanny and Freddie Mac, Fedlining, Derivativies. 2008 financial crisis
Medical sector: Affordable Care Act. Medical inflation now highest in history.
Student loans: Cost of college education skyrockets
I could go on but to me the biggest head wind the EV industry faces is not range anxiety and charging stations, it's government intervention.

Last edited by Car-Addicted; 03-04-2024 at 06:32 AM..
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      03-04-2024, 12:43 PM   #7002
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Quote:
Originally Posted by Weather Man View Post
They are worse than the Pinto !, yet crickets from the safety agencies because Green Insanity. The propaganda from Green media to obscure the safety risk of EV fires is a Gerbils level effort.

Speaking of fires, Tesla data shows at least 20 fatalities related to fire, and many more injuries. (Update January 2023: now 53 fatalities, double the Ford Pinto). Because the only safety regulator solution to EV fire risk danger of death DOUBLE THE PINTO is to BAN EV's !!!! The little people will just have to live , or die, with that little inconvenient Green Insanity fact of life.

…”if Tesla were an average car, we would have expected 0.23 Tesla fire deaths in 2016, 0.35 in 2017, 0.45 deaths in 2018, and 0.16 deaths in 1Q 2019,” [a financial analyst] wrote. That’s a total of 1.19 fire deaths over three years. Business Insider has counted at least 20 reported incidents of Teslas catching on fire since 2013 and five deaths in the past 14 months.
Thanks for the quote from 2019. The data suggests ICE vehicles are 10-20 times likelier to catch fire.
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      03-04-2024, 12:50 PM   #7003
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Quote:
Originally Posted by gblansten View Post
Thanks for the quote from 2019. The data suggests ICE vehicles are 10-20 times likelier to catch fire.
Still don't get it, updated in 2023, you're twice as likely to die by fire in an EV versus a shit box Pinto, carry on.
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      03-04-2024, 12:52 PM   #7004
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Quote:
Originally Posted by Car-Addicted View Post
We'll call that debt a stupid tax': Florida woman told Dave Ramsey of husband's 'horrible' choice to buy an EV for $72K — and falling gas prices mean charging it might cost more than fuel
March 1, 2024
On an episode of “The Ramsey Show,” she described how her husband went from a fully paid-off modest car to an expensive electric vehicle (EV) that has changed their financial situation.
Dave Ramsey couldn’t believe how expensive the car was.
“$72,000 for a Kia?!” he gasped.
Ashley also said they still owed $62,000 on the auto loan and the dealership only offered $40,000 to buy the car back. In other words, the car has negative equity.
Meanwhile, electric vehicles have lost value faster than traditional used cars, according to analysis from iSeeCars.com. Used EVs lost 33.7% of their value, on average, between October 2022 and October 2023.
Auto loans and sinking car values are prominent trends. American consumers have raked up $1.61 trillion in auto loan debt as of the fourth quarter of 2023, according to the Federal Reserve Bank of New York.
Ramsey recommended Ashely and her husband try to sell the car for $50,000. This would leave $12,000 in negative equity on the auto loan that they must cover. He also suggested taking out a personal loan to cover the rest.
https://moneywise.com/loans/auto-loa...uys-72k-kia-ev

I suspect this story is too common and having a government incentivising this is not good.

Lets look at the history of government getting involved in the private sector.
Housing market: Fanny and Freddie Mac, Fedlining, Derivativies. 2008 financial crisis
Medical sector: Affordable Care Act. Medical inflation now highest in history.
Student loans: Cost of college education skyrockets
I could go on but to me the biggest head wind the EV industry faces is not range anxiety and charging stations, it's government intervention.
After Tesla rolled dealers who had used Tesla on the lot 3 separate times with price cuts, the bottom fell out on trade values.
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      03-04-2024, 12:53 PM   #7005
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Quote:
Originally Posted by Weather Man View Post
They are worse than the Pinto !, yet crickets from the safety agencies because Green Insanity.
Quote:
Originally Posted by Weather Man View Post
Still don't get it, updated in 2023, you're twice as likely to die by fire in an EV versus a shit box Pinto, carry on.
You don't know it yet but you just stepped on a internet land mine.
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      03-04-2024, 12:54 PM   #7006
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Quote:
Originally Posted by Car-Addicted View Post
You don't know it yet but you just stepped on a internet land mine.
The data used to be a lot easier to find, now its buried under a tsunami of Green propaganda.
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      03-04-2024, 01:07 PM   #7007
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“What were the most depreciated vehicles in the industry? It’s Tesla,” They better get their shit together

Musk said Tesla cars would rise in value, but the opposite happened

https://www.cnn.com/2024/03/03/cars/...ces/index.html
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      03-04-2024, 01:09 PM   #7008
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Another Car manufacture doesn't see the future of pure EV.

EV Slowdown: Renault Puts Faith In Combustion Cars For The Next Decade

https://www.carscoops.com/2024/03/ev...e-next-decade/
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      03-04-2024, 01:18 PM   #7009
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The EV Pullback Is Emblematic Of A Greater Problem: Value

https://carbuzz.com/features/the-ev-...-problem-value

let's ignore the high initial pricing, the weak infrastructure, the costly repairs, and the lack of enthusiast engagement typical of (most) EVs. Assuming that there are solutions to all these issues (and there are), I still can't see myself spending dozens or hundreds of thousands of dollars on a car that nobody will want to buy from me when I'm finished with it. I can swallow losing a few hundred bucks on an iPhone every year, but can I deal with losing five figures on a car I bought just 12-36 months ago? Absolutely f****** not.
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      03-04-2024, 01:36 PM   #7010
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Quote:
Originally Posted by Car-Addicted View Post
You don't know it yet but you just stepped on a internet land mine.
I was gonna, but...
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      03-04-2024, 01:57 PM   #7011
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Quote:
Originally Posted by eugenebmw View Post
“What were the most depreciated vehicles in the industry? It’s Tesla,” They better get their shit together

Musk said Tesla cars would rise in value, but the opposite happened

https://www.cnn.com/2024/03/03/cars/...ces/index.html
Sales Manager Lives Matter !
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      03-04-2024, 02:24 PM   #7012
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Originally Posted by Weather Man View Post
Sales Manager Lives Matter !
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      03-04-2024, 03:42 PM   #7013
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Quote:
Originally Posted by Car-Addicted View Post
You don't know it yet but you just stepped on a internet land mine.
Quote:
Originally Posted by Efthreeoh View Post
I was gonna, but...
How's weatherman ever going to learn if you don't set him straight.

You missed this rare beauty:
https://bringatrailer.com/listing/1980-ford-pinto-4/
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      03-04-2024, 04:00 PM   #7014
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Originally Posted by Car-Addicted View Post
How's weatherman ever going to learn if you don't set him straight.

You missed this rare beauty:
https://bringatrailer.com/listing/1980-ford-pinto-4/
The Pinto hymen slayer! Who knew!
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      03-04-2024, 04:50 PM   #7015
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Quote:
Originally Posted by Weather Man View Post
Move along! Nothing to see here ! Be more like Schultz !
Oh yes there is, more coming tomorrow.
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      03-04-2024, 04:53 PM   #7016
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Quote:
Originally Posted by Car-Addicted View Post
You don't know it yet but you just stepped on a internet land mine.
No worries as most of the EV guys have departed..for now anyway
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      03-04-2024, 05:01 PM   #7017
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Quote:
Originally Posted by M5Rick View Post
No worries as most of the EV guys have departed..for now anyway
Nothing to do with EV's, you guys are missing the point. Too nuanced.

I guess Weather Man will live to insult Pinto's for another day.
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      03-04-2024, 05:05 PM   #7018
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Chinese Lithium Battery Chief Urges Beijing to Fix Overcapacity
March 4, 2024
The chairman of Zhejiang Huayou Cobalt said over-investment in the industry had led to “severe overcapacity” and caused “significant declines” in industry utilisation
The chairman of Zhejiang Huayou Cobalt has urged Chinese authorities to adopt measures to tackle overcapacity in the lithium battery material industry.
China bans imports of used lithium batteries and black mass, the shredded material which comes from used batteries, which can include lithium, cobalt and nickel. These metals can then be extracted and used to make new batteries.
https://www.asiafinancial.com/chines...x-overcapacity

If companies are going to make these environmental time bombs they should be forced to accept the dead batteries back.
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