Barack Obama's Legacy -- How strong of a President is he historically?

[TheReal_ND]

Obama Lied… ‘Chevy Volt’ Died

Six years ago, President Barack Obama promised to buy a Chevy Volt after his presidency...……….


Now it looks like Obama will not get his chance to make good on the promise. General Motors announced Monday that it would cease production of the hybrid electric plug-in Volt and its gas-powered sister car the Cruze. The announcement came as part of a larger restructuring by the car company as it seeks to focus production around the bigger vehicles in favor with U.S. consumers.
The Volt and the Cruze were two of the signature achievements of the partnership between the Obama administration and General Motors following the auto-industry bailout.

http://tammybruce.com/2018/11/sad-story ... -died.html

The reason the Volt was not a success is another Obama success, the expansion of the US fracking industry dropping the price of fuel through the floor. Had oil stayed at $100/bbl people would be clamoring for electric cars.

Perhaps. The other problem there is the fact that it costs nearly a quarter million dollars to manufacture which was subsidized entirely minus the price tag of 40k. Hey, good gig if you can get it.

Also I am repeating myself at this point but fracking is cost intensive and the only reason fracking booms is because it becomes profitable when the price of oil is above 90.

[heydaralon]

210K could get you a pretty good house in the midwest and the south. That's a lot of money to lose for making a single faggy electric car...

[TheReal_ND]

And the kicker? After we bailed them out they turned around and opened factories in China. Just lol. Thanks?

[heydaralon]

And the kicker? After we bailed them out they turned around and opened factories in China. Just lol. Thanks?

Electric cars are a waste of electricity. The only gayer use of would be plugging in a 5 disc changer loaded up with cyndi lauper and pet shop boys.

[TheReal_ND]

I'm as environmentally concerned as anyone so as such, I should recommend against shoving plastic dragon dildos into your ass. Bad for the environment, let alone your health.

[brewster]

Perhaps. The other problem there is the fact that it costs nearly a quarter million dollars to manufacture which was subsidized entirely minus the price tag of 40k. Hey, good gig if you can get it.

Also I am repeating myself at this point but fracking is cost intensive and the only reason fracking booms is because it becomes profitable when the price of oil is above 90.

Can you link to data on that cost? Seems unlikely, Toyota has been selling hybrids profitably for a while now. As for fracking, I have no problem conceding there's all sort of problems there, but US production HAS driven down prices. I am surprised there's no Peak Oil discussions here. I follow James Howard Kunstler who has been on about peak oil for a long, long time. He has had guests on his podcast who say the whole fracking boom is a banking scam, the only reason it keeps going is investors keep pouring borrowed money in. They say the wells dry up so fast the profits aren't there.

[heydaralon]

Electricity is the way of the past. Shit we were doing shit with electricity long before even the first Model T hit the market. Its actually older tech than petroleum. If anything, Greens should be looking forward. Electric cars? Boring ass Thomas Autist Edison shit. Dark Matter powered cars? That sounds cool, lets invent that. You know they won't though. Not as long as these Republicans Energy companies keep shelving the dark matter engine patents.

[heydaralon]

This one says that two years later 2012, the company got the price down to a measly $89000, making it affordable to even the poorest bankers.
https://www.reuters.com/article/us-gene ... 4J20120910

Seems like a great deal for the company and the taxpayers. With the straw ban added to this, we should be seeing an awfully clean planet soon enough.

[TheReal_ND]

Perhaps. The other problem there is the fact that it costs nearly a quarter million dollars to manufacture which was subsidized entirely minus the price tag of 40k. Hey, good gig if you can get it.

Also I am repeating myself at this point but fracking is cost intensive and the only reason fracking booms is because it becomes profitable when the price of oil is above 90.

Can you link to data on that cost? Seems unlikely, Toyota has been selling hybrids profitably for a while now. As for fracking, I have no problem conceding there's all sort of problems there, but US production HAS driven down prices. I am surprised there's no Peak Oil discussions here. I follow James Howard Kunstler who has been on about peak oil for a long, long time. He has had guests on his podcast who say the whole fracking boom is a banking scam, the only reason it keeps going is investors keep pouring borrowed money in. They say the wells dry up so fast the profits aren't there.

Fracking does very little to drive down oil prices. That is all done via Saudi Arabia unilaterally or otherwise. I dont feel like repeating myself for the nth time the refining costs between tar sand and sweet crude or the shelf life of oil.

[nmoore63]

It seems to me fracking doesn’t drive the price down so much as it puts a cap on how much they/opec can drive the price up.

They really don’t have the power to make oil $100 unless we let them.

They really shouldn’t have much oil blackmail ability any more....