Battery based electric vehicles of today and tomorrow.

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   / Battery based electric vehicles of today and tomorrow.
  • Thread Starter
#7,042  
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   / Battery based electric vehicles of today and tomorrow.
  • Thread Starter
#7,045  
Our knee jerk reactions speeding up and slowing down speeding up and slowing down during the pandemic just has the world confused but hopefully that will sort itself out soon based on the news I'm hearing medically speaking.

The world demand for fossil fuel is increasing and will for the next decade or two at minimum so we're going to have to stop shutting down the energy industry in the meantime.

If it is decided there's a problem with the article it can just be deleted as well as your post and we'll go back to where we were. :)
 
   / Battery based electric vehicles of today and tomorrow. #7,046  

I would like to see how this works out.
If this can be developed, it will be a step forward.

On that page there are links to several other novel ideas being researched. It's good to see.
 
   / Battery based electric vehicles of today and tomorrow. #7,048  

"In January 2020, U.S. crude oil production reached a peak of 12.8 million b/d. But with federal and state lockdowns halting travel over coronavirus fears, demand for oil dropped and production became too expensive to maintain."

Sounds like the cost of refining has gone up over the years and it is a threshold which production has to be so high to keep from operating at a loss.
Is it because of the virus and lack of vehicle usage?
I can see that but am also of the impression that we export a lot of oil as well. Wouldnt they just export more to compensate or are the exports being cut back because offshore countries didnt buy as much???
 
   / Battery based electric vehicles of today and tomorrow. #7,050  
Is it because of the virus and lack of vehicle usage?
I can see that but am also of the impression that we export a lot of oil as well. Wouldnt they just export more to compensate or are the exports being cut back because offshore countries didnt buy as much???
I was under the impression that domestic production slows down as the price drops, due to higher costs. I always have heard that North Dakota oil is a money losing endeavor when crude is under $80 per barrel.
 
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