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So...

Check mate, internal combustion engine.

Oil Co.s have had a good run. Global domination & what not. Their exit is now under construction. Soon we will be showing it to them.

& Leilani . . . you rock!!

ICE age will not be over for a long time. As much as we can mock it gasoline and derivates have huge energy density and while ICE is inefficient it is also very cheap to make.

I just wish they would make them a bit more efficient and silent. Just yesterday some punk parked his moped a block away and left it idling for a while, that tiny motor sounded like someone is considering parking an helicopter right next to my apartment. Bangbangbangbangbang... Really annoying.

Thanks Mike! It's fun being a small part of their exit, isn't it? :)

Timo;
+1
I've seen a number of electric mopeds and bigger bikes around lately, eerily quiet and smooth. Nice.

Gas is sooo 1900's.
Anyone buying a car is foolish if they do not check out the Plug-In vehicles that are available.
Over last two years with mine and 26000+ all electric miles. Not a drop of gas.
And Tesla cars just keep getting better. It is amazing!

Yeah, the big oil companies are probably a good long-term short. It's probably a safer way to speculate on the rise of electric cars. Short the big oil companies, go long the S&P. I'm not sure what the valuation of XOM would be when the majority of cars sold are electric. I bet in 10 years, the majority of cars sold will be electric. There is a lot of investment going into battery technology because the market is potentially huge. I would bet there is going to be a significant breakthrough in the next 10 years, but even if there isn't, economies of scale and better manufacturing will significantly reduce the cost of batteries.

@risingsun

Don't be too quick to short big oil. As much as we all look forward to all electric transport, remember that the average life of a vehicle is something like 15 years, so even after the sales are all electric it will take a long time to replace the entire fleet.

Then there are all the other uses of oil; home heating, heavy trucks, jet fuel, etc. Do you have a prediction on when Boeing (or Elon) will offer all electric replacement for the 787?

While "green" investments are probably good, XOM will continue to make money (and pay a dividend) for several decades.

ghillair,

You are right about XOM, it is just a valuation issue. I would guess the market isn't pricing in the rise of electric vehicles. Plus, big oil is just so easy to hate; it ruins the environment and supports war and oppression

Shorting is only potentially a good idea as a short-term play against something wobbly like banks in 2008, not for a dividend paying stock and/or a solid company that might have a slow decline unless they diversify. Also, buying put options would be the smarter thing to do, because when shorting a stock you could find yourself owing a stock that rises to infinity, enough to bankrupt anyone no matter how rich you are.


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