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The shift away from internal combustion vehicles and toward autonomous self drive electric vehicles is underway.
General Motors on Monday announced a major restructuring of its global business, saying it will shut production at five facilities in North America and slash its staff.
GM’s (GM) new motto is “Zero Crashes, Zero Emissions, Zero Congestion,” signaling a shift to self-driving, electric vehicles.
https://www.cnn.com/2018/11/26/business/gm-oshawa-plant/index.html
Oil Futures, anyone?
EDIT NOTE: In all probability the new fuel will be uranium – to power electric plants.
Timing is everything. Buy on the dips.
my home electrical bill high enough. Seems to me like a smokescreen to lay off workers as American sales down and no one left to take on payments perhaps, maybe they should add ‘zero profits’
Highrollar?
Embrace the reality. China France and India have already declared they are going 100% electric cars by 2040. No turning back.
My relative gave me the news before it came out. AND she is working in battery research for electric cars for many years.
ya I guess so, just don’t get why driverless the push, my old ’69 ford falcon got 35 mpg back in the day so why not 100mpg today with all the smarts, like really, was just the inline 6 banger basic. Don’t see any problem today with the new cars getting 50-60 mpg, fine enough for me, electric cars have less parts to fix / change so by by jobs galore. The easy credit to buy seems to be the real problem …I know so many working and complaining over the monthly payments , strange days
It’s just the old trick of regulating out a sufficiently good technology and replacing it with another approved technology so some people can make a lot of money. Government gone mad, as usual. Command economy. Bad news. I think it’s called corporate fascism.
Any chart projections on uranium price? Are we looking five years out to see supply crunch?
>>Are we looking five years out to see a supply crunch?<<
Nobody can predict the future. Not precisely anyway.
Rick Rule says look to Japan. When they decide to restart the reactors that were closed down after the Fukashima disaster uranium will find solid footing.
Cameco has already shut down some mining operations account oversupply, and is buying uranium on the open market to supply existing contracts. Why? Because its cheaper to buy uranium right now than to dig it out of the ground. IMO uranium has already found a bottom.
One thing – when the miners move it will make greased lightning look like a tortoise dragging anchor. You will want to be in it before the move starts.
In the final analysis you must make your own decision since you alone are responsible for your trades. Good luck.
How are you gong to get Zero Crashes, Zero Emissions, Zero Congestion if everybody is still on the road?
Just put ’em on a train?
What about the emissions from the power stations? Are the betting on nuclear power? In that case say Zero Emissions to somone fromFukushima, Chernobyl or Windscale and see how far you get?
Did you see that Top Gear Episode where the guys drove into the Chernobyl exclusion zone and the Geiger Counter went batsh1t crazy in Clarkson’s car?
Or nuclear fusion power? The long awaited, still not arrived technology. Like Waiting for Godot or a manned trip to Mars, it will never come in this current civilization’s lifetime.
This whole electric car hype is just like switching from Betamax to VHS basically. Or more like from ordinary incandescent lightbulbs to those horrible fluorescent stick “energy saving” lamps. Invent a “reason”, regulate out old technology and make out like bandits producing a new one to replace it that isn’t any better.
All good points DaveintheUK. I have no answers for you, but maybe this will put some things in perspective. Follows is a list of the number of people who died as a result of nuclear accidents to date world wide. BTW, there were none at Fukushima.
https://en.wikipedia.org/wiki/List_of_nuclear_and_radiation_accidents_by_death_toll
The following statistic from Wikipedia:
Nearly 1.3 million people die in road crashes each year, on average 3,287 deaths a day. An additional 20-50 million are injured or disabled. More than half of all road traffic deaths occur among young adults ages 15-44.
One more point:
The oceans are the foundation for life on this planet, and the oceans are sick…
https://www.google.com/search?q=acidification+of+oceans&rlz=1C1GGGE_enCA553CA751&oq=acidificatiom&aqs=chrome.2.69i57j0l5.12698j0j8&sourceid=chrome&ie=UTF-8
Things can’t stay the way they are forever. And if they can’t, they won’t. Change is coming whether we like it or not.
Thanks SilverFox for sharing. You’ve convinced me that changes are definitely coming and we either adapt or get left behind. The bit about Cameco buying on the open market instead of mining is good info to have on our side.
Now here is the rub:
https://edition.cnn.com/2018/11/26/business/gm-oshawa-plant/index.html
“GM is reinventing itself. It’s cutting 15% of its salaried workers and shutting 5 plants in North America”
This sounds like General Electric circa 1980-1990s under Neutron Jack. I was a victim of that in the UK in the R&D department of a GE factory that eventually disappeared and was later replaced by a large supermarket.
The model is going to be get rid of the salaried workers and take on new gig economy people wherever.
The “cutting 15% of its salaried workers” phrase is the key.