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How This Radical Car Missed Its Chance To Change The World - Maybe!

Travelbuzz1

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Made in USA

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Doesn't look like we will run out of gas/oil anytime soon. From Seeking Alpha:

U.S. oil production shatters monthly record at 12.4M bbl/day
Oct. 31, 2019 7:56 PM ET|About: The United States Oil ETF, LP (USO)|By: Carl Surran, SA News Editor
U.S. crude production surged 600K bbl/day in August to a record 12.4M barrels, enhancing the U.S. as the world's top oil producer, according to new data from the Energy Information Administration.

Gulf of Mexico oil production jumped by 469K bbl/day - a 30% increase - in August to a record for the region at slightly more than 2M bbl/day.

Texas production rose 98K bbl/day and North Dakota added 28K bbl/day, the EIA says.

Also, monthly gross natural gas production in the lower 48 states increased by 2.6B cf/day to an all-time high of 104.2B cf/day in August.

Production from Texas, the biggest gas producing state, gained 1.9% to a record high of 28.5B cf/day.
 

Travelbuzz1

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Doesn't look like we will run out of gas/oil anytime soon. From Seeking Alpha:

U.S. oil production shatters monthly record at 12.4M bbl/day
Oct. 31, 2019 7:56 PM ET|About: The United States Oil ETF, LP (USO)|By: Carl Surran, SA News Editor
U.S. crude production surged 600K bbl/day in August to a record 12.4M barrels, enhancing the U.S. as the world's top oil producer, according to new data from the Energy Information Administration.

Gulf of Mexico oil production jumped by 469K bbl/day - a 30% increase - in August to a record for the region at slightly more than 2M bbl/day.

Texas production rose 98K bbl/day and North Dakota added 28K bbl/day, the EIA says.

Also, monthly gross natural gas production in the lower 48 states increased by 2.6B cf/day to an all-time high of 104.2B cf/day in August.

Production from Texas, the biggest gas producing state, gained 1.9% to a record high of 28.5B cf/day.

Investors to Big Oil: Make it rain
Companies such as Exxon Mobil Corp., Royal Dutch Shell PLC and BP PLC have long used hefty and reliable dividends to keep investors on board in a sector that has volatile profits tied to commodity prices. The importance of the payments has only grown recently, as investors have become wary of the companies due to short-term concerns about oil overabundance, and long-term fears that climate change and electric vehicles cloud the future of fossil fuels.

Energy has been the worst performing sector of the S&P 500 for more than a decade, and the third-quarter earnings have continued a lackluster streak that has lasted throughout the year. Exxon, which remains under pressure to return to its practice of buying back billions of dollars in shares annually, reported net income of $3.17 billion, down about 50% from the same period a year ago, but slightly better than what analysts had expected. Exxon increased its annual dividend in the first quarter, a step the company has taken for 37 years in a row.
https://www.msn.com/en-us/money/com...g-oil-make-it-rain/ar-AAJGozm?ocid=anaheimntp
 

Watashiwah

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Dinosaurs!! Rotting vegetation!!! Biomass!! Miles below the Earth’s surface? Huge pockets keep getting discovered!! When we discover that petroleum is abiotic, everything will turn on its head!!
 

RSchneider

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Perhaps Elio will get funding when they decide to skip the ICE and go electric. This new motor may help get them going:
Best part is that their VP of Strategic Partnerships is located in Phoenix. So he's virtually Pauls' neighbor. With that, it'll work out at this same guy worked with Faraday Future and Tesla. So he knows the business as he's an automotive executive with 25 years of experience. I hope that Jon and Paul are on the same network for LinkedIn as if those two could have a quick chat, this could be a great strategic partnership.
 

Made in USA

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Best part is that their VP of Strategic Partnerships is located in Phoenix. So he's virtually Pauls' neighbor. With that, it'll work out at this same guy worked with Faraday Future and Tesla. So he knows the business as he's an automotive executive with 25 years of experience. I hope that Jon and Paul are on the same network for LinkedIn as if those two could have a quick chat, this could be a great strategic partnership.

So I sent the link for the Linear Motor to Elio and they said thanks, we will forward it to the appropriate teams.
Really? Teams? They don't have enough people for more than one team.

I think if this motor is everything they claim, they will not be able to meet demand. The military drones, scooters, and of course electric cars/trucks will demand that they license other companies. At least if they are smart they will.
 

TexasTesla

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So I sent the link for the Linear Motor to Elio and they said thanks, we will forward it to the appropriate teams.
Really? Teams? They don't have enough people for more than one team.

I think you hit the nail on the head...

I think Elio uses the word “teams”
to make it sound like they are a active business enterprise with employees...

Just smoke and mirrors...

Elio has been dormant for more than a year...with no signs of life other than a recycled blog...

....
 

3wheelin

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How much do cars cost to manufacture? - Quora
Aug 8, 2015 - 'Tooling for a refresh (new body) is typically $200M, a whole new design (generally every 5 years) is about $600M. So if you sell 1 million cars, tooling costs per car are $200 to $600 per car. If it dropped to 100,000, it's $2000 to $6000 per car.'
In my opinion only, those "in the know" already red flagged this ELIO from the get go that it will never see production based on insurmountable task of creating THEN selling an ELIO for 7K!
 
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