Re: Various CL Pickings

Posted by Tim Cole On 2022/6/10 21:22:24

Europe is going electric at such a rate that I find it hard to believe these price bubbles can continue.

They had some farmer on the radio talking about how much he loves his electric F-150.

Here is the hidden problem: Oil companies have tremendous operating leverage as demonstrated by the small ones that went bust during the pandemic. Reducing demand for gasoline is going to cause those big oil companies to go bust. Then there is still the need for lubricants, chemicals, and plastics. So this whole electric craze is not rational. Neither is driving monster trucks and other gas guzzlers. So people are just crazy and in the long term society is doomed.