{"id":15645,"date":"2017-07-27T19:40:49","date_gmt":"2017-07-27T23:40:49","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=15645"},"modified":"2017-07-27T19:40:49","modified_gmt":"2017-07-27T23:40:49","slug":"opec-and-the-oil-barons-face-a-slow-death-by-electrification","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2017\/07\/27\/opec-and-the-oil-barons-face-a-slow-death-by-electrification\/","title":{"rendered":"Opec and the oil barons face a slow death by electrification"},"content":{"rendered":"

\"\"<\/a><\/p>\n

From Ambrose Evans-Pritchard:<\/p>\n

Tesla’s mass-market Model 3 will be launched this Friday at a starting price of $US35,000 ($43,725) and a battery range of 215 miles (346 kilometres) , with a target of 1 million sales annually within three years….<\/p>\n

The argument at the big global banks has shifted from whether peak oil demand will occur to how soon it will occur. Goldman Sachs said this week that it could hit by 2024 in “an extreme case”. That is not extreme enough for Tony Seba from Stanford University and RethinkX.<\/p>\n

…Professor Seba thinks EVs will reach cost parity within five years as prices fall below $US20,000 (versus $US24,000 for the average oil-based car today). Thereafter they will sweep the field on cost alone. With far fewer moving parts and a potential lifespan of half a million miles, they will render the combustion engine obsolete.<\/p><\/blockquote>\n

Source: Opec and the oil barons face a slow death by electrification<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

From Ambrose Evans-Pritchard: Tesla’s mass-market Model 3 will be launched this Friday at a starting price of $US35,000 ($43,725) and a battery range of 215 miles (346 kilometres) , with a target of 1 million sales annually within three years…. The argument at the big global banks has shifted from whether peak oil demand will … <\/p>\n

Continue reading “Opec and the oil barons face a slow death by electrification”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[44],"tags":[],"class_list":["post-15645","post","type-post","status-publish","format-standard","hentry","category-crude-oil-natural-gas"],"yoast_head":"\nOpec and the oil barons face a slow death by electrification - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Opec and the oil barons face a slow death by electrification - the patient investor\" \/>\n<meta property=\"og:description\" content=\"From Ambrose Evans-Pritchard: Tesla’s mass-market Model 3 will be launched this Friday at a starting price of $US35,000 ($43,725) and a battery range of 215 miles (346 kilometres) , with a target of 1 million sales annually within three years…. 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A wave of new U.S.\u00a0fracking oil could be seen to be overtaking the modestly growing global oil demand. It became clear that OPEC, mainly Saudi\u2026","rel":"","context":"In "Crude Oil & Natural Gas"","block_context":{"text":"Crude Oil & Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"1234","src":"https:\/\/i0.wp.com\/www.macrobusiness.com.au\/wp-content\/uploads\/2015\/02\/12347-300x193.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":58323,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/10\/14\/stabilizing-crude-oil-prices\/","url_meta":{"origin":15645,"position":1},"title":"Stabilizing crude oil prices","author":"Colin Twiggs","date":"October 14, 2024","format":false,"excerpt":"Volatile crude oil prices damage production capacity and economic growth and cause volatile consumer price inflation. 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Trump said the strikes, carried out Friday night, targeted military facilities and spared oil infrastructure. But he warned the\u2026","rel":"","context":"In "Middle East"","block_context":{"text":"Middle East","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/middle-east\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13429,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/28\/a-tale-of-two-gluts-oil-and-iron-ore-cross-us50-on-opposite-paths\/","url_meta":{"origin":15645,"position":3},"title":"A tale of two gluts: oil and iron ore cross $US50 on opposite paths","author":"ColinTwiggs","date":"May 28, 2016","format":false,"excerpt":"From Eddie van der Walt: Crude oil and iron ore are two of the world's most important industrial commodities, where supply and demand are tied to the fate of the global economy. Yet, they're doing very different things right now. Oil traded above $US50 a barrel for the first time\u2026","rel":"","context":"In "Stock Markets"","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63788,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/05\/deep-crude-oil-production-cuts-more-inflation\/","url_meta":{"origin":15645,"position":4},"title":"Deep Crude Oil Production Cuts & More Inflation","author":"Colin Twiggs","date":"March 5, 2026","format":false,"excerpt":"Key Points Brent crude futures climbed to $83.87 per barrel. The Saudis, UAE, Iraq, and Kuwait are considering deep cuts in crude oil production if the Strait of Hormuz is closed. The ISM manufacturing and services sectors both reported persistent price increases in February. A recent New York Fed survey\u2026","rel":"","context":"In "US & Canada"","block_context":{"text":"US & Canada","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/us-canada-countries-regions\/"},"img":{"alt_text":"Brent Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-04-brent.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-04-brent.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-04-brent.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":11522,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/02\/04\/oil-prices-where-to-now\/","url_meta":{"origin":15645,"position":5},"title":"Oil prices: Where to now?","author":"ColinTwiggs","date":"February 4, 2015","format":false,"excerpt":"The latest newsletter from Absolute Return Partners suggests that the fall in oil prices is temporary and oil will soon recover to around $100\/barrel: \u201cAll I know is that the price of oil won\u2019t stay below the production cost for a long period of time (as in years). Hence I\u2026","rel":"","context":"In "Crude Oil & Natural Gas"","block_context":{"text":"Crude Oil & Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"Nymex WTI Crude adjusted to November 2014 prices","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-02-05-crude-cpi.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-02-05-crude-cpi.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-02-05-crude-cpi.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/15645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=15645"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/15645\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=15645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=15645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=15645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}