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Re: $5.00 per gallon gas
Tesla Posts Upbeat Q1 Deliveries, On Track to Deliver 1M EVs in 2022
American electric vehicle (EV) manufacturer Tesla, Inc. (TSLA) reported record deliveries for the first quarter of 2022, highlighting a superb start to the year. Despite persistent global supply chain issues, inflationary pressures, and factory shutdowns, Tesla’s fanbase has ensured that the company’s performance is not dimmed by any external factors.
Increasing gas prices and consumers’ enhanced awareness of their carbon print have propelled the EV industry, and Tesla remains one of the hot picks in the segment.
Tesla shares gained almost 57% over the past year, albeit losing 9.6% year-to-date amid the ongoing geopolitical environment.
Tesla Q1 Deliveries in Detail
Tesla delivered a total of 310,048 EVs in Q1FY22, and manufactured over 305,000 vehicles. The deliveries came in line with analyst predictions of about 310,000. The figure was revised downwards by analysts in late March due to ongoing challenges. Earlier, analysts had predicted a more optimistic number of 315,000 deliveries.
... almost all new car buyers are considering buying an electric vehicle. They may not buy one but it is definitely in their thought process.Comment
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Re: $5.00 per gallon gas
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Re: $5.00 per gallon gas
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A man who protested President Joe Biden and the price of gas by putting an anti-Biden sticker on a gas pump is going to find out that criminal charges are even more upsetting and expensive than gas and politics.
The man was arrested Thursday after causing a commotion at the Turkey Hill at 1503 Columbia Ave. in East Hempfield Township about 12:50 p.m. that was caught on videoComment
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Re: $5.00 per gallon gas
Just wanted to share to new green deal and all you Tesla people.
The top is a oil well, where 100% organic material is pumped out of the ground, taking up around 500 to 1000 square feet. Then flowlines safely carry the oil to refineries, as far as Chicago.
The bottom is just one of Teslas lithium supply mines where entire mountains are eliminated. Each mine usually consist of 35-40 797 cat haul trucks along with hundreds of other large equipment. Each 797 uses around half a million gallons of diesel a year. So with a inventory of just 35 the haul trucks alone are using 17.5 million gallons of fuel a year for just one lithium site.
So next time you are driving your electric car thinking you are saving the environment remember that it came at a cost of entire mountains, thousands of square miles of land and billions of gallons of oil and fuel. I get we need to save the planet but we are not there technologically yet and electric is not the answer.
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Re: $5.00 per gallon gas
U.S. lawmakers slam Big Oil for high gasoline prices
Oil executives defended themselves in the U.S. Congress on Wednesday from charges by lawmakers that they are gouging Americans with high fuel prices, saying that they are boosting energy output and no one company sets the price of gasoline.
Members of the U.S. House of Representatives Energy and Commerce Subcommittee on Oversight and Investigations grilled companies on why gasoline prices remain elevated even though prices have dropped for crude oil.
U.S. gasoline prices have surged since Russia's invasion of Ukraine in February and after Western countries slapped sanctions on Moscow's energy exports. Pump prices hit a record, before inflation, of $4.33 a gallon on March 11, and since then have slipped about 4% to $4.16 a gallon, according to the AAA motorist group.
In the same time frame, U.S. gasoline futures have fallen more than 7% to $3.07 a gallon as international crude prices have dropped more steeply, more than 9%, to about $102.11 a barrel.
Russia's invasion of Ukraine "has further reduced the world’s oil supply as more and more companies are unwilling to buy Russian oil – and rightly so," said U.S. Representative Diana DeGette, a Democrat and chair of the subcommittee. But "If the price of gas is driven by the global market, why is the price of oil coming down but the price at the pump is still near record highs?
DeGette questioned the billions of dollars in profits earned by the companies, and cited $30 billion in taxpayer subsidies they receive as a reason they should help lower gasoline prices.
"Changes in the price of crude oil do not always result in immediate changes at the pump," Wirth said, adding that "it frequently takes more time for competition among retail stations to bring prices back down at the pump."
U.S. President Joe Biden has been struggling to control rising consumer prices at the pumps and at grocery stores, a vulnerability for his fellow Democrats as they seek to maintain razor-thin majorities in both chambers of Congress in the Nov. 8 midterm elections.
Washington's sanctions on Moscow include a U.S. ban on Russian energy imports. Biden has said higher fuel prices result partially from Russia's invasion. Last week, he urged oil companies to boost output and service American families instead of investors, and announced a record release of crude oil from strategic reserves.
Republicans, including U.S. Representative Morgan Griffith, blamed for high pump prices on Biden's policies, including a decision to revoke a key permit for the Keystone XL pipeline to that would have imported crude from Canada once completed, which could have taken several years.
"It is impossible to generate confidence or invest in production today when future production is clearly being blocked by this administration," Griffith said.
Democrats have noted that oil companies have thousands of leases to drill on public lands that they are sitting on.
Wirth restated Chevron's plans to boost capital expenditure this year by 50%, with about half going to increasing oil and gas output and half to renewable fuels and lower-carbon energy.
Gretchen Watkins, president of Shell USA, said her company neither controls nor owns the 13,000 gas stations that carry its brand. "Each of these independent businesses is responsible for setting the local retail price of gasoline."
Exxon, the top U.S. oil company, on Monday said first-quarter results could top a seven-year quarterly record. Other oil company earnings could also surge after Russia's invasion pushed up energy prices.
"No single company sets the price of oil or gasoline," said Darren Woods, chairman and CEO of Exxon. "The market establishes the price based on available supply, and the demand for that supply."
Pioneer CEO Scott Sheffield said it would take time to rev up the company's production in the Permian Basin, citing worker and supply chain shortages and the decommissioning of many rigs and hydraulic fracturing fleets when prices were low in 2020.
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