An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Wednesday, December 21, 2022
Musk poll
lol … the richest man in the world doesn’t even know where the munnie comes from! 😂😂😂
Should Congress approve the $1.7 trillion omnibus spending bill?
“Add being a debt hawk to billionaire Elon Musk’s growing list of conservative bona fides.
A few days ago, he (correctly) observed on twitter that the “True national debt, including unfunded entitlements, is at least $60 trillion – roughly three times the size of the entire U.S. economy,” adding that “something has to give.”
Dude doesn’t even understand Basis of Accounting….
Maybe instead of reading all his “science fiction” (oxymoron) he should have added to his STEM education with some Accounting courses…
For consumers to adopt electric cars widely, a network of charging stations must be present. However, the development of charging stations is also dependent on the wide circulation of electric cars.
However, significant barriers preventing widespread electric car adoption exist. First, electric car diffusion requires the development of a network of charging stations whose value in turn depends on the number of electric cars circulating. These indirect network effects create a “chicken-and-egg” problem in which neither side of the market will develop without the other.
Here's another way of doing it:
OTTAWA - One-fifth of all passenger cars, SUVs and trucks sold in Canada in 2026 will need to run on electricity under new regulations Environment Minister Steven Guilbeault proposed Wednesday.
By 2030, the mandate will hit 60 per cent of all sales and by 2035, every passenger vehicle sold in Canada will need to be electric.
We started with this but because we have two Teslas, that and the fact that in winter the battery discharges to keep itself warm, we had to switch from Level 1 charging to Level 2 charging which is 220 Volts at four times the current which gives you eight times the power.
We have 100 Amp service and instead of upgrading the service to 200 Amps, they installed a box which routes 60 Amps to the garage. The box takes itself offline when you exceed 80%. This is the thing that was installed:
DCC allows the connection of any EV charger to a fully loaded panel by managing the energy available at any given time, whether in a home or in a condo.
1. DCC does a real-time reading of the total power consumption of a home or condo electrical panel;
2. It detects when the total power consumption of the main circuit breaker exceeds 80% and temporarily de-energizes the charger.
3. When DCC detects that the total power consumption of the electrical panel is less than 80% for more than 15 minutes it automatically re-energizes the charger.
DCC will only allow power to be delivered to the EV charger if the total demand of the panel is below its full capacity. Gen-3 of the DCC-10 has the ability to receive and transmit load shedding instructions from an external energy management system via a dry contact input and output.
Tesla CEO Elon Musk is warning car buyers that they need to take into account that the electric vehicle transition might cause “residual values of gas/diesel cars to plummet in the coming years.”
Something to keep in mind if you're in the market for a new car or are waiting for EV prices to drop to make the switch. Falling EV prices will be matched by falling trade-in values on your current ICE car.
No, it's all natural gas. At one time, Alberta had a 500-year supply of natural gas reserves before we started exporting it, which is probably the reason.
I should note that we're fighting the federal government because we want to do blue hydrogen with carbon capture and storage (CCS) but green hydrogen is what's in right now. That's sort of changing now because Trudeau wants to please the Europeans with LNG exports, so fewer restrictions going forward.
Canada will have to fast-track energy and mining projects if it is to help its democratic allies and achieve its own net-zero ambitions, Deputy Prime Minister Chrystia Freeland said in a speech this week in Washington — the most tangible signal to date that the federal Liberal government is prepared to address regulatory hurdles that have hampered economic development in this country for years.
In a swing through the U.S. capital to attend meetings of the IMF and World Bank, Freeland told a gathering at the Brookings Institution that a deepening of trade ties between allied democracies will be necessary to combat powerful autocratic regimes such as Russia and China. Democracies, Freeland said, must make a conscious effort to build supply chains through each other’s economies — a phenomenon U.S. Treasury Secretary Janet Yellen has described as “friendshoring.”
"Regulatory hurdles" that they themselves put in...
If blue hydrogen/ammonia is in, then lithium based storage makes no sense for transportation. The next gen would be fuel cells, which outperform lithium storage and don't produce as much waste heat as IC engines.
No one is ready for renewable-only energy systems. The hit to our lifestyle will be severe. A 100 amp service will seem extravagant.
As long as the bill contains funding for his Space X, I guess he's okay with that. Fucking hypocrite. They all are. Fake, phony capitalists.
ReplyDeleteAnd the subsidy for EVs so he can sell an electric Honda Civic for $66k….
ReplyDeletehttps://www.forbes.com/sites/ikebrannon/2022/02/23/elon-musk-is-right-in-saying-that-the-national-debt-is-a-problem-but-so-are-his-subsidies/?sh=2250c2186273
ReplyDelete“Add being a debt hawk to billionaire Elon Musk’s growing list of conservative bona fides.
A few days ago, he (correctly) observed on twitter that the “True national debt, including unfunded entitlements, is at least $60 trillion – roughly three times the size of the entire U.S. economy,” adding that “something has to give.”
Dude doesn’t even understand Basis of Accounting….
Maybe instead of reading all his “science fiction” (oxymoron) he should have added to his STEM education with some Accounting courses…
Musk is the vaporware king...
ReplyDeletesubsidy for EVs
ReplyDeleteSubsidies are necessary because of the chicken-and-egg problem.
The chicken-and-egg problem of electric cars
For consumers to adopt electric cars widely, a network of charging stations must be present. However, the development of charging stations is also dependent on the wide circulation of electric cars.
However, significant barriers preventing widespread electric car adoption exist. First, electric car diffusion requires the development of a network of charging stations whose value in turn depends on the number of electric cars circulating. These indirect network effects create a “chicken-and-egg” problem in which neither side of the market will develop without the other.
Here's another way of doing it:
OTTAWA - One-fifth of all passenger cars, SUVs and trucks sold in Canada in 2026 will need to run on electricity under new regulations Environment Minister Steven Guilbeault proposed Wednesday.
By 2030, the mandate will hit 60 per cent of all sales and by 2035, every passenger vehicle sold in Canada will need to be electric.
If we're going to maintain the private ownership model, then forget about EVs. You're destroying the Earth through mining instead of drilling.
ReplyDelete$27k msrp for 2023 Prius prime base….
ReplyDeleteRecharges off 110V service. 37miles
A hybrid. Destroy the Earth with both drilling and mining.
ReplyDeleteFuel cells based on green hydrogen or green ammonia would make lithium based energy storage obsolete.
ReplyDeleteToyota has hydrogen assets too…
ReplyDeleteHyundai has a hydrogen powered model.
ReplyDeleteUntil renewables generate the hydrogen, it's not considered carbon neutral.
IMO too much emphasis on CO2 and not enough on other environmental issues.
[this might be useful to someone]
ReplyDeleteRecharges off 110V service.
We started with this but because we have two Teslas, that and the fact that in winter the battery discharges to keep itself warm, we had to switch from Level 1 charging to Level 2 charging which is 220 Volts at four times the current which gives you eight times the power.
We have 100 Amp service and instead of upgrading the service to 200 Amps, they installed a box which routes 60 Amps to the garage. The box takes itself offline when you exceed 80%. This is the thing that was installed:
https://dccelectric.com/dcc-10/
How it works:
DCC allows the connection of any EV charger to a fully loaded panel by managing the energy available at any given time, whether in a home or in a condo.
1. DCC does a real-time reading of the total power consumption of a home or condo electrical panel;
2. It detects when the total power consumption of the main circuit breaker exceeds 80% and temporarily de-energizes the charger.
3. When DCC detects that the total power consumption of the electrical panel is less than 80% for more than 15 minutes it automatically re-energizes the charger.
DCC will only allow power to be delivered to the EV charger if the total demand of the panel is below its full capacity. Gen-3 of the DCC-10 has the ability to receive and transmit load shedding instructions from an external energy management system via a dry contact input and output.
Tesla CEO Elon Musk warns car buyers that ‘gas cars’ residual values will plummet in coming years’
ReplyDeleteTesla CEO Elon Musk is warning car buyers that they need to take into account that the electric vehicle transition might cause “residual values of gas/diesel cars to plummet in the coming years.”
Something to keep in mind if you're in the market for a new car or are waiting for EV prices to drop to make the switch. Falling EV prices will be matched by falling trade-in values on your current ICE car.
A 100 amp service is rather antiquated. Does that panel have breakers or fuses?
ReplyDeleteBreakers.
ReplyDeleteYear of construction: 1991 (31 year-old house)
Is electric heating commonly used?
ReplyDeleteA 200 amp service is standard in Quebec, and has been since the 80s. Even if heating is non-electric, houses are getting larger.
Is electric heating commonly used?
ReplyDeleteNo, it's all natural gas. At one time, Alberta had a 500-year supply of natural gas reserves before we started exporting it, which is probably the reason.
I should note that we're fighting the federal government because we want to do blue hydrogen with carbon capture and storage (CCS) but green hydrogen is what's in right now. That's sort of changing now because Trudeau wants to please the Europeans with LNG exports, so fewer restrictions going forward.
Canada will fast-track energy and mining projects important to allies: Freeland
Canada will have to fast-track energy and mining projects if it is to help its democratic allies and achieve its own net-zero ambitions, Deputy Prime Minister Chrystia Freeland said in a speech this week in Washington — the most tangible signal to date that the federal Liberal government is prepared to address regulatory hurdles that have hampered economic development in this country for years.
In a swing through the U.S. capital to attend meetings of the IMF and World Bank, Freeland told a gathering at the Brookings Institution that a deepening of trade ties between allied democracies will be necessary to combat powerful autocratic regimes such as Russia and China. Democracies, Freeland said, must make a conscious effort to build supply chains through each other’s economies — a phenomenon U.S. Treasury Secretary Janet Yellen has described as “friendshoring.”
"Regulatory hurdles" that they themselves put in...
If blue hydrogen/ammonia is in, then lithium based storage makes no sense for transportation. The next gen would be fuel cells, which outperform lithium storage and don't produce as much waste heat as IC engines.
ReplyDeleteNo one is ready for renewable-only energy systems. The hit to our lifestyle will be severe. A 100 amp service will seem extravagant.