tag:blogger.com,1999:blog-1527840491496268397.post8677931393587697298..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: Electric Vehicle Transition Slower than ExpectedUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1527840491496268397.post-35355289194540338172022-03-08T10:47:50.588-07:002022-03-08T10:47:50.588-07:00This is holding up well:
Most investors are unde...This is holding up well:<br /><br /><i> Most investors are under the impression that much higher energy prices will push renewables “into the money”--- that is renewables will become competitive for the first time versus higher priced hydrocarbons. This completely ignores the fact that energy itself makes up the single largest cost component for both wind and solar. <b>Instead of making renewable energy more cost competitive, higher energy prices will simply drive up the costs. Renewables today remain “out of the money” and higher energy prices will never be able to push renewables “into the money.”</b></i><br />http://www.creditbubblestocks.com/2022/02/goehring-rozencwajg-distortions-of.htmlCPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-69781394929612972672022-03-08T10:37:39.714-07:002022-03-08T10:37:39.714-07:00This is exactly what we theorized with renewables ...This is exactly what we theorized with renewables - the bear market commodity prices were unsustainably low and making the EV batteries, PV solar cells, and wind turbines look artificially cheap.<br /><br />Something like 100 lbs of nickel in an EV battery so this move, if sustained, adds $3,000 to the price. And that’s just the nickel, there’s also the copper, lithium, plus other metals (e.g. steel) for the non-battery components.<br /><br />It may not be true of all renewables, but I think there are some renewables that are negative EROEI but where that was obscured by commodity inputs that were selling for less than full cycle “sustainable cost,” which should ultimately reflect their embodied energy.<br /><br />https://tradingeconomics.com/commodity/nickel<br />https://tradingeconomics.com/commodity/copper<br />https://tradingeconomics.com/commodity/lithium<br /><br />Price of nickel is up 5x year over year and the price of lithium is up 7x.CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-87745564948427694272022-03-07T11:57:51.646-07:002022-03-07T11:57:51.646-07:00This past weekend, we took a five-hour road trip w...<i>This past weekend, we took a five-hour road trip with our brother and sister-in-law. We each drove our own cars, both EVs. We drove our eight-year-old original Tesla Model S. They drove a Volvo XC40. We ran into a number of challenges that led us to call this road trip our “range anxiety weekend.”</i><br />https://avc.com/2022/03/the-range-anxiety-weekend/CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.com