Getting off into the weeds here, but I think there's a taxes/money distribution problem between business and the government, which seems to be presented as a catch 22 problem... Its a race to lower corporate taxes, under the premise that more business income is good, and is somehow good for public? But the basics of public infrastructure needs government spending, which requires a reasonable tax rate.
Ford loses 3 billion on EV
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4WD
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The frac co’s buy the sand - it helps produce more - uh, milk
One word....... Oil, and plenty of it. We were energy independent just a few years ago..... Until the same government that is trying to shove EV's down our throats, stopped that progress. So now we help pay for their pet projects.
Nope. Oil is sold on the world market. The US has never been energy dependent.
It is true the US now exports more energy than it imports, but the nation still relies on foreign oil for the energy it needs.
The need for foreign oil is largely due to a need for heavy crude oil by the refining industry, which is harder to come by in the US.
The UAE does produce a humongous amount of oil. They are in the top ten producers which is remarkable considering the size of the country. Yes, oil is sold on the world market but production was the question.
4WD
$50 site donor 2025
A couple years back - even Musk said it would take up to 40 years to have EV’s become the norm … It‘s the baby kissers who are by far the most delusional …
The lost was due to manufacturing facility and new battery chemistry. I don't see any problem in losing money short term if it is going to return with better profit down the road.
The bigger concern is the days of cheap loan is gone, leads to lower returns and more difficult funding source for any business.
$3B for something this massive and long term is not a big deal, if they design and build their cars right they will make it back.
The bigger concern is the days of cheap loan is gone, leads to lower returns and more difficult funding source for any business.
$3B for something this massive and long term is not a big deal, if they design and build their cars right they will make it back.
It doesn't matter where it's sold. They produce it, and we buy it.
Money is getting more expensive. That is going to hurt this economy something awful.... All the way around.
And there goes those Trillion$.
USA exports more crude oil than we imports. The reason we actually import any oil is simply it’s cheaper to put it on the boat and ship it to the West Coast, then put it on the train and try to get it over the Rocky Mountains. So we export oil via ship out of the gulf, and the West Coast buys oil from the Middle East for their refineries.
https://www.eia.gov/tools/faqs/faq....ts of about,countries and 4 U.S. territories.
Make sense.
We are at the mercy of the price of oil on the WW market even though we may export more than we import - we do not control the pricing.
This is why we are always begging the UAE to open the taps.
We need an energy source that we control BOTH availability and price of.
Yes, it’s a globally priced commodity. But other than buying your own solar panels and mounting them to your roof, what energy source would you be able to create that we actually controlled the price of? Electric utilities are for-profit businesses also
Nukes.
The core function of the federal government is to protect our borders, in essence, our freedoms under the constitution.
There’s not much in there about spending money on infrastructure. Of which the federal government does spend a lot of money as well as giving money away to individual states of which the states are mostly responsible for.
The infrastructure works just fine in this country and if it doesn’t when should get after their individual state.
We tried in South Carolina. It cost a lot of money and was scrapped before being completed.
The one in Georgia was really expensive but at least is operational.
Not to mention we still haven’t agreed on where to store the waste after 60 or so years of arguing over it.
We have that in spades.
Nuclear power and yet the most populated state in this country doesn’t even have the will to build never mind eight nuclear power plants they don’t have the will to build one.
And the one that is operating, they’re shutting down.
Yeah, yet this one state claims to be the most progressive, save the planet state in the country so they burn fossil fuel for electricity.
You could go over to the East Coast and find a state that could care less about so called climate friendly agenda, and yet 60% of their power comes from nuclear energy.
They had two more under construction that failed miserably do to the incompetence of Toshiba Westinghouse.
We control everything, don’t let the media control you. We have vast and best resources of everything we need, but the ignorance of the voters prevent that from happening. Controlled by social media. Our enemies like Communist, China are passing us by
Every large business use debts to finance investment for future profits, if not EV it would be some other vehicles, equipment for chips, refinery, data center, power plants, oil rigs, etc etc.
If all you do is never borrow a dime and keep milking the cows you eventually get a dying business and the rest of the world would drive you out of business with their debts and investments.
At least they are not borrowing money to pay dividend or share buyback, it is building something for future productivity.
We need to move closer to the model Canada uses.
....and protect oil.
Where would you rather invest Trillions - protecting oil, or building out own infrastructure?