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Tesla's Secret Weapon
http://www.energyandcapital.com/articles/investing-in-the-tesla-nasdaq-tsla-gigafactory/4519
This article talks about the new "Gigafactory" battery factory that Elon Musk is building in California. It will produce 500,000 car batteries per year, and will drive down the cost of owning a plug-in hybrid.
The article says that by 2020, the micro-hybrid (start-stop internal-combustion engine) will become the preferred drive train in automobiles. No more wasteful idling in traffic....... Your car will turn off when you stop at a traffic light, and restart when it is time to go again.
But, the internal combustion engine is going the way of the horse carriage in this century. By 2017, Tesla will offer its Model III; a plug-in hybrid with a 200 mile range that will cost $35K. This will be a game-changer; especially as oil continues its gradual, but assured climb in price.
$8-$10 per gallon gasoline is not far-fetched. I think that once America crosses the $5 per gallon threshold and gets over the psychological shock that will come with it, the door will be open for the price to continue to climb. The only reason we are not at $10 per gallon gas now is we have found 100 billion+ additional barrels of oil in America's shale formations--enough to carry us forward another 30 years or so. Oil from shale and from deepwater ocean areas is prohibitively expensive to extract--that is why you will never see $25 per barrel oil again--the easy to extract stuff is no longer abundant.
The article lauds the Toyota Prius. I know you folks that own one are sold on it. You are ahead of the herd. Electric cars ARE the future.
http://www.energyandcapital.com/articles/investing-in-the-tesla-nasdaq-tsla-gigafactory/4519
This article talks about the new "Gigafactory" battery factory that Elon Musk is building in California. It will produce 500,000 car batteries per year, and will drive down the cost of owning a plug-in hybrid.
The article says that by 2020, the micro-hybrid (start-stop internal-combustion engine) will become the preferred drive train in automobiles. No more wasteful idling in traffic....... Your car will turn off when you stop at a traffic light, and restart when it is time to go again.
But, the internal combustion engine is going the way of the horse carriage in this century. By 2017, Tesla will offer its Model III; a plug-in hybrid with a 200 mile range that will cost $35K. This will be a game-changer; especially as oil continues its gradual, but assured climb in price.
$8-$10 per gallon gasoline is not far-fetched. I think that once America crosses the $5 per gallon threshold and gets over the psychological shock that will come with it, the door will be open for the price to continue to climb. The only reason we are not at $10 per gallon gas now is we have found 100 billion+ additional barrels of oil in America's shale formations--enough to carry us forward another 30 years or so. Oil from shale and from deepwater ocean areas is prohibitively expensive to extract--that is why you will never see $25 per barrel oil again--the easy to extract stuff is no longer abundant.
The article lauds the Toyota Prius. I know you folks that own one are sold on it. You are ahead of the herd. Electric cars ARE the future.
