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>Electric Cars – I Love My Golf Cart, But…

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Do Electric Cars Really Have A Chance?
By Jeff Siegel | Monday, August 9th, 2010
In 2007, I wrote an article about incompetence in Washington, and Detroit’s inability to deliver a truly fuel-efficient vehicle that could compete with theToyota Prius.
Today, the incompetence in Washington hasn’t changed at all. In fact, I would argue that it has gotten worse. But Detroit, on the other hand, has actually made some strides over the past few years.
In that 2007 article, I wrote. . .
I know it’s not New Year’s yet. But my wish for the New Year is that Detroit finally gets its act together and delivers a real fuel-efficient vehicle for us to drive.
As you know, the new Chevy Volt will soon be in showrooms. And I’m pretty excited to see how this one pans out.
Yes, the price tag is hefty – as are the price tags of all new technologies. You think that 91% of the U.S. population would be using cell phones today if they still cost what they did back in the 1980s?
Not a chance.
Over time, and as we start to see economies of scale kick in, the costs of electric and plug-in hybrid electric vehicles from GM – and every other major auto maker – will fall.
There’s no doubt about that.
In fact, the entire electric vehicle industry has grown dramatically since we first started covering this market nearly a decade ago. And much of this can be attributed to some serious cost reductions in manufacturing.
Now the Chevy Volt is definitely getting the lion’s share of publicity these days, but the entire industry is developing rapidly. And as investors, we need to stay on top of every new development – from new deals with major OEMs to electric car enthusiasts who continue to up the ante when it comes to pushing this technology forward.
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Trucks, buses and drag-racing Datsuns. . .
Heavy truck manufacturer Navistar (NYSE: NAV), announced last week that it has seen an uptick in interest in its all-electric truck, the eStar. This is the truck that’s now in FedEx (NYSE: FDX) and Pacific Gas & Electric (NYSE: PCG) fleets.
The vehicle is a Class 2c-3 truck boasting an all-electric range of 100 miles and the ability to carry payloads of up to 2 tons. Perfect for urban applications where many of these vehicles don’t even get close to racking up 100 miles in a single day.
The vehicle also includes a quick-change battery that can be swapped out in 20 minutes.
Navistar plans to have a total of 400 built this year.
Ener1 (NASDAQ: HEV) also made news last week after the company announced it had landed a deal to provide its lithium-ion batteries to Hyundai Heavy Industries, which will be using the battery packs for electric buses.
Those buses are expected to be on the road this year.
Incidentally, while Ener1 isn’t basking in the glory of profitability, it should be noted that the company’s latest earnings show that sales surged 113% in the second quarter 2010 compared to the same quarter a year ago.
And finally, for those who question the ability of an electric car to “keep up” with conventional internal combustion vehicles on the nation’s highways, take a look at this video of a converted 1972 Datsun.
Equipped with a set of lithium polymer batteries, this little white Datsun ran a ¼ mile drag race in 10.4 seconds at a top speed of 117.21 mph.
Don’t expect the new Chevy Volt to do that.
But do expect it to be a major game-changer that’s sure to help usher in a new chapter in personal transportation.
For a list of the new electric vehicles coming down the pike over the next few years, check out our free report, The Electric Car Revolution Starts Now!
To a new way of life, and a new generation of wealth . . .
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Jeff


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They Just Struck Oil…
Two days ago, around 10 a.m., a tiny Mongolian oil driller I’ve been watching hit pay dirt.
Once the news hit the mainstream, the stock jumped 42% in what seemed like minutes…
And this is just the beginning of what could be a HUGE run. I’m talking about the possibility of an easy 10-bagger here.
So I urge you to take a look at the full details today before you miss out on even more incredible gains.


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Economic Releases for the week of Monday, August 9th, 2010:

Aug 10 – Productivity
Aug 10 – Wholesale Inventories
Aug 11 – Crude Inventories
Aug 12 – Export and Import Prices
Aug 12 – Initial Claims
Aug 13 – CPI
Aug 13 – Michigan Sentiment
Aug 13 – Business Inventories

Brought to you by Wealth Daily



From the Archives…

Tehran Stock Exchange Hits All-Time High
2010-08-06 – Christian A. DeHaemer

4 Reasons to Invest in Energy Storage
2010-08-04 – Nick Hodge

The Upcoming Montana Oil Boom
2010-08-02 – Keith Kohl

Energy and Capital’s Weekend Edition
2010-07-31 – Keith Kohl

This is the Most Undervalued Energy Company in the World
2010-07-30 – Christian A. DeHaemer


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>The Best Energy Solutions

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There’s a clamor of people knowing how best to overcome the energy crisis. The sad thing is that Washington hasn’t come up with anything yet, and they probably won’t. We’re in kind of a free-fall in energy because no one has come along to take the “bull by the horns” and get us on the long road to recovery.

Some people say oil shale, hydrogen car, electric car, wind power, solar power, and more drilling until few know what we should do. But Sean Brodrick seems to know. He has written for Anger Blog what works and what won’t. Read and then add your comments below. We value your ideas.
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Many Americans are disgusted by the fact that, faced with an energy crisis, the government seems to produce nothing but hot air. I think the government is paralyzed because there’s no one clear solution.
Instead, there are a multitude of options — more drilling, nuclear power, hydrogen cars, solar power … you name it. Every alternative has a lobby in Washington to press its case, but there’s no one to tell our elected officials which is the best route to take.
I field these questions all the time, from friends and co-workers who ask me if this or that particular energy solution is the next big thing. So let me give you my appraisal of three alternative energy solutions that work and three that DON’T — along with some choice investments you can make to power your own bottom line.

Let’s start with …
Energy Solutions That Don’t Work
You probably already know that corn-based ethanol isn’t the right solution, for the simple reason that nearly as much energy is used making corn-based ethanol as you get out of it. So I won’t waste a lot of time except to point out that the U.S. Department of Agriculture STILL anticipates corn ethanol production of 9.3 billion gallons for the crop marketing year 2007/2008. That will use more than one-fourth of our corn crop (and drive your food prices through the roof). Now, here are three more solutions you may think will work … that probably won’t.
Bad Idea #1 — Oil from Algae
Not all algae are created equal. Some are just pond scum, and some algae, properly cultivated, can produce biodiesel — that is, diesel you can grow right in your own back yard (or converted swimming pool).

Biodiesel from algae is still a ways off from large-scale viability.
So what’s the problem? Scale.
While it is true that algae can produce more biodiesel per acre per year than many land crops, it takes either lots of ponds or land covered in clear plastic algae-growing tubes, which have to be made from the oil you’re trying to grow.
So algae-based biodiesel will become a viable solution when the technology improves or we convert Lake Michigan to a biodiesel refinery.

Bad Idea #2 — Hydrogen Cars
What many people don’t understand is that hydrogen isn’t a fuel, it’s a storage medium. So, whatever energy you store in a hydrogen-powered car has to be generated some other way (coal, natural gas, nuclear, etc.).
And then there’s the danger factor. A tank of compressed hydrogen can explode with an earth-shattering “KA-BOOM” if hit hard enough. So you end up with highly pressurized, reinforced storage vessels which are three to four times the size of conventional fuel tanks.

Then there’s the cost — the price of a hydrogen car easily runs over $150,000. Sure, costs will come down, but not that much.
Why does this idea have so much traction? Because both Washington and Wall Street love expensive boondoggles, making hydrogen fuel cells into black holes for your tax dollars.

Bad Idea #3 — Shale Oil
There is a big difference between oil shale and shale natural gas, and it is confusing the heck out of people. Let me make it simple: Shale natural gas works. Shale oil doesn’t — not yet anyway.
Oil shale is a rock that contains an organic compound called kerogen. Left on its own, kerogen might turn into oil in 100 million years. Oil shale is different from shale natural gas in a lot of ways. For one thing, shale gas is economically feasible, but shale oil hasn’t proved profitable (yet).
To harvest the kerogen, the rock is dug up and heated to 700 degrees Fahrenheit. On average, you have to process about two tons of rock to get one barrel of synthetic oil. The rock expands during the heating process, so you can’t put it back in the hole you took it out of (or at least, not all of it). And the kerogen-harvesting process makes the rock carcinogenic, so you have to be careful how you store it.
Newer technology removes the kerogen without digging up all the rock, but that process still has bugs that are being ironed out.
Finally, three barrels of water are needed to make one barrel of synthetic crude from oil shale.
The Bureau of Land Management estimates the shale formation in western Colorado, where a lot of activity is focused, could yield as much as 1.8 trillion barrels of oil. However, that part of Colorado is dry country. It will also probably take a lot of energy to crack the oil out of the rock, though nuclear power could provide that energy.
Royal Dutch Shell is trying to prove naysayers wrong — it is investing a lot of money in oil shale. Petrobras, one of the world’s best-run and most forward thinking oil companies, is also experimenting with oil shale. So maybe it will work eventually. But right now, the technology isn’t there yet.

In fact, the problem with many solutions that sound good on paper is that the technology just doesn’t work yet. But …

Here Are Three Energy
Solutions That Work Right Now

These three sources of energy can work — today — to power our homes and rev up our cars.

Solution #1: Wind Power
Critics will point out that the wind seems to stop blowing when you want electricity most — on hot summer days. And that is a problem. However, a study last year by Stanford University shows that wind power from interconnected farms can be used as reliable base load electric power.

Wind power, especially when used on a large scale, is a great alternative source of energy.As one might expect, not all locations make sense for wind farms.But legendary oilman T. Boone Pickens says the United States should take advantage of the so-called “wind corridor,” stretching from the Canadian border to West Texas. Energy from wind turbines built there could supply 20% or more of the nation’s power by 2030, according to a new report from the Department of Energy.

U.S. electrical demand is expected to grow another 39% through 2030, so wind would help fill the gap. And although wind is expensive, costs per unit should come down with a larger scale operation. Besides, with the cost of coal and natural gas rising, wind is already becoming more competitive.

Solution #2: Solar Power
Unlike wind, we tend to get the most solar power when most electricity is needed — during hot summer months. And the technology is working now.
There are two general forms of solar power. The first is PV or photovoltaic, which converts energy from photons directly into electricity. The second is thermal, which uses the sun’s heat, concentrated to heat liquids to transfer that heat, boil water and turn a turbine.
A rooftop photovoltaic system is fairly expensive — about $35,000 to $40,000, though the cost can be reduced through tax incentives and rebates. In sunny Florida, where I live, the system would probably pay for itself in 15 years or less — a lot less if electricity rates go through the roof, as Florida Power & Light is now threatening.
Solar thermal is also expensive, though cheaper than PV-based solar power. The Mojave Desert in the southwest is home to the largest solar thermal system in the United States. This Solar Energy Generation System (SEGS) has a total capacity of 354 megawatts.
New technology allows for better, cheaper storage of solar energy even when the sun isn’t shining. Of course, wind and solar aren’t widely used to power cars … but that can change.

Solution #3: More and Better Electric Cars
There is technology available today to plug an electric car into your home power grid. In short, it turns a fleet of electric cars into a network of mobile generators that can draw energy from the power grid and send electricity back to the grid during periods of peak demand. It’s called a vehicle-to-grid system, or V2G.
Only 20% of cars are in use at any time, so the rest could work as plug-in batteries and load buffers for the electric grid. By combining new electric cars with wind and solar power we’d have a 1-2-3 integrated solution to the energy crisis.

America’s existing electric grid could support 180 million electric cars, and a concerted effort to upgrade the grid could let it support 200 million.
There are other advantages, too. With the same amount of electricity, you can drive an electric car three times farther than a hydrogen car. On 100 kilowatts of electricity you can drive an electric car 75 miles while a hydrogen fuel cell car of similar size can do only about 16 miles.
Are there obstacles? Yes! First of all, many electric cars can’t keep up with the speeds on America’s highways.

The easy solution to that is to lower the speed limits for all cars (55 or 60 mph) and allow electric cars to go at even lower speeds (45 mph or so) on major highways. As Ronald Reagan said, when confronted by government-mandated 55-mph speed limits, “Speaking just personally, I think it’s not a bad thing if we all slow down just a bit and enjoy the scenery a little more.”

The second problem is that manufacturers simply can’t make electric cars fast enough. U.S. consumers buy between 15 million and 17 million new cars per year. Meanwhile, Toyota only makes 20,000 of its Prius hybrid models a month, and GM is planning on building just 60,000 of its new Volt electric cars in 2010.

The new battery-powered Think City, which will enter the U.S. market at the end of 2009, will be able to travel up to 110 miles on a single charge, with a top speed of about 65 mph, and be priced below $25,000. Yet the manufacturer plans to sell only 10,000 units at most in the U.S. during its debut year.

But that’s where the government can help, too. World War II saw U.S. auto makers go from making cars to tanks in a matter of months. With can-do spirit, government money and a big ol’ pair of scissors cutting through red tape, Detroit could become the electric car capital of the world.
Look, there is no “silver bullet” solution. It’s a bunch of bullets strung together for just one possible solution. And I haven’t covered other workable alternative energy solutions including nuclear power, electrified rail or cars powered by compressed natural gas.
Moreover, the best thing we can do is use less energy — conservation. The cheapest oil is oil you don’t use.
Still, I want you to know that there are workable solutions right now. And not only can they help our country, but they can reward investors, too …