"The e-Sportlimousine, built by the German company Quant, runs on an electrolyte flow cell power system made by NanoFlowcell that generates a staggering 920 horsepower, goes 0-62 mph in 2.8 seconds, and propels the car to a top speed of 236 mph!"
This just got approved in Europe and runs on salt water, 230 HP to each wheel and costs $50K US. One is for sale on Craigslist now. It doesn't look slow. It won't help you in an LA traffic jam, but the police will never catch you in Nevada.
If you are on hydro and 10c per kwh, then you are crazy not to have electric vehicles. Regardless of model, Tesla, Leaf, or Volt, they all can propel you down the road for a hundred miles on 30KWH of electricity, which in your case translates to $3. Show me any gas car that can go a hundred miles on $3 worth of gas at today's prices, not to mention what will happen when gas goes back up again which is inevitable.
Japan needs its stock market to go way up, as when their market collapsed twenty years ago, they have never recovered...never, and it will only get worse. Japan has zero natural resources except for rocks and earthquakes, but they are hard workers. Unfortunately, hard work will get you zero anymore, as they work hard in Viet Nam for about a tenth of what the Japanese work for, so guess where corporations are setting up shot. This is the way that capitalism works. Automation will destroy China in the future, as already, the Chinese are doing things in Viet Nam for cheaper labor, and machines, which are cheaper than all the labor are being invented daily to take the place of people. Scary world. Expect 50 % unemployment in another 25 years, as we produce more faster and better with less and less humans involved. I just wonder who will buy all the precious goods. That is why people want government jobs. The best and brightest will soon be sent to pasture by another machine.
It is interesting with the solar setup I have. I can actually read the production that was attained by other owners throughout the US as long as they are using the same micro inverters and have elected to be public. It is kind of cool. I hadn't tried it before, but it gives you a good idea of what solar you can expect in the state in which you live providing there is a solar unit with the micro inverters. For example, I monitored solar output on homes in Idaho during this time of the year with shortest day times. It gives me their total daily KWH output from their system, so if it says they have 20 250w panels, they have a 5 kw system, and it gives me the hourly and daily output. I have this on my own, but I didn't realize I could read others also, as long as they elected to be public. Some locations surprise you and produce quite well in dead of winter even with short days and then really pump as days get longer. It is funny to look at AK, as during this month almost nothing is generated at all, as it is all dark, and then in summer, you see the panels producing clear up until ten or eleven at night...Let me know if you want to see something in your area.
Please list why consumption will go way up? First of all, most people drive to work, park their vehicle, work and then drive home. No extra consumption takes place in that scenario. If you think that a big rush to RV's will take place, I doubt it, as the market is saturated with them anyway, and this price drop can disappear just as fast as it fell. Buses won't drive more, as they are on fixed schedules anyway. People might consume just a bit more, but most of this will just result in them driving for a little lower cost when they drive. I pretty much always drove as much as I needed to drive. That will continue. Electric companies aren't going to burn more fuel, because it is cheap. They will just burn the fuel needed by the demand, and they won't be in a hurry to lower bills to the consumer, so I doubt some great increase in demand will occur. China and a few other countries are filling their reserve at low prices, but once filled, they aren't going to just keep making reserves.
Manufacturing costs may go down a bit, but that doesn't mean they will pass on the savings. There may be a bit of uptick in consumption, but I doubt much. IMO.
"Keembo, you have failed to cite the huge taxes they pay to support their health system. They have 'value added" taxes instead of just a sales tax."
No I didn't Mr. nikky. You are trying to do some sleight of hand. The bottom line is the cost. I could turn around and say that YOU failed to account that a family of 4 many times pays $1000/ mo just for medical insurance and that doesn't account for any deductibles or limits of which there are tons. The bottom line is this. How much does it cost per person in those countries to provide medical care a year and for most, the figures come to about 1/2 to 2/3 the cost. Chinese in Taiwan see doctors far more often than in America...thus stay healthier. The cost for a cat scan in Taiwan are about one tenth the cost in America. Same machine, same results, but insurance companies, overpaid doctors, and fraudulent hospitals aren't part of the mix there. At least try and be honest nikky. Yes, there are plenty of taxes in Europe, and nobody has said health care is free there. It is just much lower cost than in America with better results and the same can be said for Japan and Taiwan. Get over it.
Mr. reality check. Perhaps you need to read a little bit about Cuban history. Miami Cuban descendants that were never there are a moot point. Their ancestors were part of the Batista connection, and Batista was predecessor following Machado before Batista regime was overthrown by Castro. Batista as is written below lynched his fellow countrymen with glee. Do you want to go back to that? Read and learn.
"After independence, and following a sustained period of instability, the 1924-33 government of Gerardo Machado proved to be authoritarian. Machado extended his rule until Fulgencio Batista led an uprising called the Revolt of the Sergeants, as part of a coup which deposed Machado in 1933. Batista then became the strongman behind a succession of puppet presidents until he was himself elected president in 1940. According to Hugh Thomas, the post-Machado period was marked by violent reprisals, mass lynchings and a deterioration towards corruption and gansterisimo throughout the island."
It was over greed by the major players that got the US thrown out of Cuba in the first place. There is not even an argument that the average education for Cubans is vastly superior under Castro than it was during Batista. Not even close. Castro made education mandatory for everybody and built schools and educated his population. He is a dictator, but most Cubans were thrilled that he threw out the crooks. The trade embargo and failure of Eisenhower to loan him a few bucks was the main reason that caused Cuba to get hostile to the US, as the US was hostile to Cuba first. After all, how many Cuban divisions attacked the US mainland vs the clandestine Bay of Pigs invasion spurred on by families of former crooked Cubans who screwed their population.
There are just too many variables. For example, Denmark has the highest rates of cancer of any population on earth. They also have one of the most capable means of diagnosing the disease. Most of the northern Europeans drink too much and depression is high, but a lot of that is weather related. Look at the divorce rates and depression rates in AK. Finland, I believe has the highest murder rate in industrialized Europe, but then again, gun ownership in in Finland has only two countries with a higher percentage of gun ownership...the US and Yemen and more than likely the US and Yemen have pretty high murder rates. Diet and excercise play an important part of the equation to good health provided that you also have clean air, clean water, and lack of exposure to chemicals. That might be why some of the poorest undeveloped countries and remote islands have quite low rates of cancer and alzheimer's disease.
as I said before, a $1.75 gallon gasoline car would need to burn 2 gallons of gas would be at even par with someone living in an area that bills them 11.7 cents per kwh. I believe there are some states billing as low as 7 to 8 cents per kwh for electricity. It takes about 28 to 30 kwh of juice to propel an electric car..(.Leaf or Tesla) 100 miles. Since the average trip in a vehicle is less than 20 miles, most electric cars could be charged daily at home for near peanuts where kwh prices are low. This wouldn't apply to Hawaii, as our price for electricity is so high that it would cost us about $13.00 in electricity costs to go only 100 miles, if you are buying the juice from the utility company. If you were charging it off of solar, well, that should come down significantly, but you would need a decent sized system to do it. Other places, with cheaper electricity, electric car is a definite viable option, albeit, the price should come down on the cars somewhat, but it doesn't look like anybody's cars are cheap anymore.
Lifting the export ban will only further the degradation in price of oil. A better solution would be to put a tariff on Saudi oil coming in, as they have discounted it. This would cause greater sales of locally produced oil...The Keystone pipeline is probably not financially in the cards at these oil prices. It would just be a waste of money. If exporting of this oil happens, expect to get screwed in the US, where the US will ship cheaper oil abroad than they sell to local refineries here. This is what the drug companies do all the time, and it is why you can buy loads of drugs from American companies cheaper in most of the world than you can in America.
As somebody who has solar, you might be partially correct. Right now, a solar car, say a Nissan Leaf takes 30kwh of juice to propel it 100 miles. Depending on where you are in America, rates per KWH can run from .08c to .45 cents kwh where I live in Hawaii. Most solar systems are in the 5kw range, and you can count on perhaps 15-25 kwh production a day which isn't enough to charge the vehicle everyday even if ALL the solar production went to the vehicle. Most people consume 17-20 kwh per day for their home. However, if say you are on cheap rates at say 12 cents/kwh, it would cost you only cost you $3.60 to put enough juice in your Leaf to go 100 miles. You would need a gas car getting 50 mpg to have 2 gallons of $1.80/gal gasoline to accomplish the same. In other words, electric cars are most economical where prices of electricity are very low per kwh. Also, to put in a solar system of 6 kw will probably cost you about $24K to have it set up and installed, albeit through 2016, you get 30% of that back from the feds and whatever state rebates are available. My solar system is very good investment here in Hawaii with very high electric rates.
NNLX phone number stated they were shutting down over Christmas starting 12/22 and I believe into early January, but they will fill orders as received. I guess there won't be any production going on..#$%$ Bret must need a break from all the hard work. Merry Christmas.
A bearish argument could be as follows. Saudi's continue to overproduce causing prices to further collapse. This in turn causes Russia, who is hurting already from low prices to finally get fed up with the Saud family, because the Saudis want Assad overthrown, and the Russians want him either to stay or be phased out, not taken out by muslim wackos. Russia attacks and trashes Saudi Arabia and the world's supply suddenly shrinks drastically as Russia starts controlling Saudi Oil. With Saudi output in jeopardy, and with the closing down of shale production in the US, world supply is drastically shortened requiring some time to get supply back up in a troubled world. Oversupply of tankers during this time and much higher oil prices. Frontline's fleet ages. Of course, I am just making up a possible scenario, but that was the question. I believe if these things did occur, then yes, it would be a bearish environment until the supply caught up and surpassed demand, but the shortage in supply would not cause more tanker movements.
It is interesting to cite statistics. Here are some more of them.
" Where you live plays a role in cancer survival, according to a new study that shows the U.S., Japan, and France recorded the highest survival rates among 31 nations for four types of cancer. Algeria had the lowest survival rates for all four cancers.
"This is the first direct comparison of so many countries as far as I am aware," says Michel Coleman, MD, a professor of epidemiology and vital statistics at the London School of Hygiene and Tropical Medicine and the study's lead author.
While Coleman and other epidemiologists have long known that cancer survival rates vary country by country, and even within a country, the study lends hard numbers to the fact. Still, there were surprises. "I think the surprises were that the range in global survival is really quite wide," Coleman tells WebMD.
"Survival in the USA is high on a global scale but varies quite widely among individual states as well as between blacks and whites within the USA," he tells WebMD."
Last I looked, France, and Japan have NHC single payer systems. What you failed to cite was what the people paid in the US vs Japan and France??? Care to put those figures out?
4.8% dividend that you hypothetically calculated would be for just 1 quarter. That translates to a 19.2% yearly dividend if it were averaged for 4 quarters.
Which dividend are you talking about? The upcoming one? Dividends vary per quarter, so if you wanted a yearly basis dividend, divide the total dividend payment out the last 4 quarters by four and get an average.
It will vary wildly. Since this is a refining company basically, I don't expect this quarter to fall below 50 cents, as last quarter was over a dollar, so the only real unknown at this time is if ALDW had hedged the wrong way for oil being refined this quarter. If they did, then dividend could be a bad one, but if they are buying crude at market, refining it, and selling finished product, they should be doing fairly well. Personally, I think this stock has been oversold getting lumped in with the crude and NG producers.