Further to my Sharp rebound to where? post, here is Cory’s update showing the S&P 500 rally over the past month as compared with the remarkably similar bounce in October 2015. As far as the recent rally is concerned, are we there yet algo machines?
The beauty of electric vehicles is that as battery technology improves (and it is in leaps and bounds of range and size every year), owners can simply slip out the old and slip in the new battery under the body shell. Meanwhile it’s not just fuel that is free and zero emission thereafter, but also parts and maintenance costs are virtually non-existent over the life of the vehicle as compared with old ICE “internal combustion engine” models. Conventional car dealers design to make the bulk of their profits on the never-ending need for repairs and marked up parts. That model is in its dying days…
Go London! See 100% solar-powered buses arrive in London as UK eyes zero emissions:
Following the Climate Change Act passed in 2008, the U.K. is currently aiming to cut its CO2 emissions by at least 80% by 2050. Also, according to the U.K.’s pledge made at the United Nations climate change conference in Paris, in less than 35 years all new cars sold in the country will be emissions free.
Relevant oil discussion starts at 1:12 on play bar of this clip. Here is a direct video link.
