Electric cars use oil

Who started the myth they don’t?

https://www.nanalyze.com/2018/12/electric-cars-impact-oil-industry/

A rare time I get to larp as an ACHTUALLY fedora.

Electric cars use plastic, and plastic requires oil as an input. There are dozens of ways an electric car might use oil, and it’s a good example of how pervasive oil is in everything we see around us. That’s why the first thing of interest we need to look at is just how oil is being used today around the globe.

Everything costs oil.

Your reusable water bottle? OIL. Mining all that sweet sweet neurotoxic aluminium.

Your lithium car battery? OIL. Lithium lives in the ground!

That buttplug you bought at a Parade? OIL. No babies were harmed, for once.

Speaking of fedoras, Meghan is now the Fedora Duchess.

Fedoras have always been a woman’s hat but does this make all men wearing it now gay? Or is Indiana Jones retroactively gay?

OMG there’s actually a hat blog. Why.

https://www.meghansfashion.com/hats.html

{I say, reading it}

Energy cost & fresh food prices in the USA

Click to access Roeger%20Leibtag%20AAEA%20Poster%202011.pdf

Related

https://disenchantedscholar.wordpress.com/2017/09/01/study-low-fat-kills/

https://disenchantedscholar.wordpress.com/2016/02/20/data-drive-food-shortages-famine-starvation-coming-to-the-uk-europe/

https://disenchantedscholar.wordpress.com/2018/01/07/population-r-selection-food-supply-and-famine/

AI playing the stock market

https://www.bloomberg.com/news/articles/2017-11-01/world-s-first-ai-run-global-etf-makes-its-own-managers-nervous

Fantastic.

I am interested what an AI will do if angered by a sudden crash, and naturally multiple AI will be trading against one another. That’s quite fun.

However, the real whoop moment is twofold.

  1. it’s obvious the elite running the show are incompetent and can be replaced.
  2. the douchebag trader demographic will eventually lose everything, more than if ’08 rightfully ended with kink handcuffs.

And you know the lawyer bros and lawyer cunts?

http://www.bbc.co.uk/news/technology-41829534

It’s almost like taking a job for the money is whoring oneself out.
That’s quite possibly the most Millennial thing I’ll ever say.

Meanwhile Big Oil China is already tipping to one side.

https://www.bloomberg.com/news/articles/2017-10-29/the-biggest-stock-collapse-in-world-history-has-no-end-in-sight

This is the absolute best timeline.

 

FTSE 100 correction “more than a dip” over Europe’s woes

Telegraph;

The Global stock market selloff accelerated on Friday with the FTSE 100 index falling 91.56 points, or 1.4pc, to 6,340.2, it’s lowest level in a year and 7.81pc below highs of 6,878 on May 14.

Pictures often communicate these things better;

ftse1002014drop

Gold, a shelter for investors in times of uncertainty, has surged during the past week by as much as 2.64pc, to $1,222.95 per ounce, as the Federal Reserve minutes hinted at delaying interest rate rises till later next year.

goldsafehaven2014values

Meanwhile, the CBOE Volatility Index, a measure of investor anxiety known as the Vix or “fear index”, leapt more than 24pc.

indexvolatile2014

“The FTSE 100 has broken through the support on its recent trading range and US traders have moved from the ‘buy the dip’ and ‘risk on’ commentary we heard earlier in the year, this is becoming more than just a dip,” said Alastair McCaig, market analyst from IG.

“Going into the weekend with so much uncertainty in the air will only further fuel traders compulsion to get out of risky assets and it would take a miracle for the bulls to salvage anything today,” added Jonathan Sudaria, from Capital Spreads.

The Dow Jones Industrial Average slumped by 334.97 points, or 1.97pc, to close at 16,659.25 last night as Wall Street feared the US economy would be dragged down by weakness in Europe and the rest of the world.. The price of Brent crude also collapsed to its lowest level in five years at $89.42 per barrel.

“European markets looks like they are staring over the edge and into the abyss, or may have even stepped off the cliff,” added Mr McCaig as Ebola screening at UK airports and the discovery of new cases raised fears the deadly virus may have spread to the continent.

“European equities have plunged on the open as storm clouds gather over the global economy. Bad economic data is now being viewed as bad and the dovish signals from central banks are now being taken as a sign of weakness rather than a reason to ramp up equities,” said Mr Sudaria.

In Germany [DS: the people propping up the EU] the benchmark DAX index collapsed by 196 points, or 2.16pc, to 8809.83, bringing the falls for the week to more than 4pc.

DAX2014low

Investors were concerned about the slowdown in the German economy as exports in August reported their biggest fall since January 2009 when the global economy was rocked following the collapse of Lehman Brothers. The CAC 40 index of leading shares in France was also 63.9 points, or 1.5pc lower, at 4,076.27 by midday.

In London it was travel stocks which led the market lower on ebola fears, with TUI Travel down 7.34pc to 330.7p and Carnival the cruise ship operator falling 3.3pc to £21.93. Oil related stocks were also feeling the pain as African oil explorer Tullow Oil fell 5.6pc to 539p, and Weir the Scottish based manufacturer of industrial pumps used in the oil industry, was down 3.2pc to £22.26.

Hold on tight, it’s gonna be a bumpy ride.