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Mr. Luddite[_6_]

On 6/8/2021 11:20 PM, wrote:
On Tuesday, June 8, 2021 at 8:34:29 PM UTC-4, Bill wrote:
wrote:
On Tuesday, June 8, 2021 at 3:43:06 PM UTC-4, wrote:
On Tue, 8 Jun 2021 13:35:05 -0400 (EDT), justan wrote:

Bill Wrote in message:r
justan wrote: Both $3.Thanks to Joey and his crew of
incompetants.Cheap compared to here.

We have Desantis. You don't have any buffer at all between you and
those incompetants in Washington.
California likes to punish poor people. Those who can't afford an
electric car.
Gas was $2.959 today, it has been $2.799 or $2.759 at Speedway.

===

The price of crude is up because increases in demand are outpacing
increases in supply. When refineries pay more for their feed-stock, the
price of their production follows right along. Planes are flying again
and people are driving a lot more.

I don’t really believe that is the cause. There is a tremendous backlog of
crude. I understand they had to slow down pumping as there was no storage
availability. I think it is a truer indicator of inflation than what the
Fed is stating.

===

It's true that the price of energy flows through the economy and eventually affects the price of everything, similar to what happened in the 1970s and 80s. If demand continues to outpace supply, oil will continue to rise in price until either demand decreases or supply increases.

I am still hung up on the push for fully electric vehicles.

Back when the "peak oil" theory was popular many experts claimed
we would very soon run out of oil. Turns out that wasn't true.
The world has an abundance of oil. The new focus is on how
"clean" it is.

The effects on global warming due to burning fossil fuels are
categorized as being
"front end" and "back end". Electric vehicles are "back end" meaning
they don't contribute negatively to the climate as they use the stored
energy in their batteries. But the "front end" effects are still there
because fossil fuels still are the dominant source of energy (89
percent) that generates the power used to charge the electric vehicle
batteries. Until that changes, increased use of electric vehicles will
actually have more of a negative effect than gas/diesel powered vehicles
overall.

This may improve if more sources such as wind, solar, geothermal, etc.
sources are developed however it's going to take a *lot* of it
to equal the fossil fuel energy used by gas and diesel powered vehicles.
The demand may be outpaced by the number of
electric vehicles in use, especially if they are mandated by governments
too soon.

Sources of "clean" electric generation *must* be developed
simultaneously with the increasing emphasis on electric vehicles.

Then, there is the problem of overloading an outdated electric
distribution grid as it is required to supply power equal to
that currently being used by fossil fuel powered vehicles in
addition to that currently used for other purposes.
That amount of power must be gigantic.

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