Trump follows EV and renewables mandates will help China crush America
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- เผยแพร่เมื่อ 7 ก.พ. 2025
- Trump follows EV and renewables mandates will help China crush America
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Australia put tarrifs on Japanese vehicles back in the 70s and 80s. The Australian motor industry continued to decline regardless of the tarrifs and no longer exists. Tarrifs don't seem to help with healthy competition.
That is assuming China isn't attempting to establish a trust
The U.S. Car mfg's seem like the only thing they actually innovate in anymore is CEO compensation.
Most US companies. They talk a big game about competitive markets but they like monopolies and subsidies and sitting on their hands while other countries actually do the competition part.
That's Republicans' biggest priority: tax cuts and deregulation for companies.
Yes; looks like GM is fast becoming a car company, that is irrelevant outside North America.
And while that still is a large car market, it is still small compared to the rest of the world, or even just China.
@@shyviking Chinese car market is 3 times that of America, if you can't compete in China, Chinese car makers will devastate you in your own home market. Protectionism(inflation for the average consumer) is the only tool available then. If the American car makers had invested in R&D and innovations instead of stock buy backs in the last 20 years, they would have been going toe-to-toe in Chinese car market like Tesla is today.
European and American car makers rely on higher margin per unit sales model. Chinese are going with lower margins but higher sales volumes. And this puts American and European car makers at huge disadvantage.
USA car companies make the front grill of the pickups even taller in the USA each year, for $80,000. Meanwhile, China is making their EV's have longer range, faster charging, and more features, for less money.
The U.S. is drilling, baby, drilling their way into rock bottom.
1000%
No, totally disagree
My gasoline is $0.70/liter and electricity is $.013kwh. If this is rock bottom, I’m all for it.
That’s ok because China burns rocks (coal) for most of their energy production.
Oil is actually the Cheapest form of energy per kilowatt hours.....Solar needs to be replaced every 15 years.....
The US can't stop solar power, batteries, and other advances. I'm not even sure why that's a goal?
It is Tonya Harding syndrome.
Think "Petroleum Lobby", a very powerful force in American politics.
The Democrats had to spend to rebuild US infrastructure after decades of neglect.
@@rosshutch Correct! The US government is the best government money can buy.......
Because the fossil fuel industry gave him tens of millions in campaign donations.
He is paying back that debt.
Plus he genuinely thinks wind turbines are ugly. They apparently "ruined" the view from one of his golf courses.
One has engineers, scientists in govt leadership. The other has lawyers, career politicians.
don't forget the grifters,conspiracy theorists, and nazis
Funny thing about the Chinese government: it's a bureaucracy powered by merit and achievements. You want to climb to positions of power, you need to start low and demonstrate exceptional management skills; how much money you or your family has, or even whether friends or family members are in positions of power, doesn't really matter. In fact, trying to use money or power to influence those things will usually end badly for everyone involved.
Another funny thing: when evaluating if someone should be "promoted" - from city manager to region manager, for example - the Chinese government doesn't look just at the results and the input of those above, but also at their subordinates. Someone who delivers exceptional results but is hated by his subordinates not only doesn't get promoted, he could be removed from power altogether.
In many ways, China's government looks more like the management in a well-run private corporation than a traditional Western government.
Why don’t we put lawyers in places of science and engineering to see how that works out too. Let me guess, you think Elon is an engineer?🤦🏻♂️
ho ho，Engineers, Scientists ? yes , they once were. but.....current administration ? that bunch of illiteracies with fake degrees?
@@WilliamMorfinget mental health help asap
Look, I live in America and can’t understand why anyone here would think drilling and drilling would help anyone in America unless they own an oil company.
America can’t refine that oil, so it only helps damage the environment and make a few rich men richer.
Well said
US has 135 refineries in 30 states.
We have a great example from European Union.
Investing in new and costly energy sources which are ironically called "green" like solar panels and wind turbines and abandoning cheap and dependable ones like natural gas and nuclear made EU countries much poorer.
Cost of energy is harder and harder to bare by citizens and brings businesses to bankruptcies, forces them to move outside EU or at best - causing massive layoffs.
@@alfree4366where do you live Al?
O&G drillers in the US won’t flood the market, crashing their own market prices and killing there profits.
@@alfree4366you clearly don't know what makes the EU energy price high do you it's gas and gas is expensive and cost 5x the cost of wind that provides 45% of the power
Chinese vehicles are the future. Trump can drill, baby, drill all he wants.
The USA is only good at patronizing, lecturing and pontificating to others about climate change. But it's a disposable subject when it comes to the behaviour and practices of the USA itself. Those that the USA tries to lecture, patronise and pontificate about climate change should tell the USA to bugger off.
He can drill and find oil that is too expensive for people to buy
@davidmcc i bet trump doesn't know we can't refine the oil he wishes to drill up. The man has mayonnaise for brains and ketchup farts for a heart.
Carb mandate removal will allow Legacy Auto to ignore the MPG requirements set by Clinton, Bush, Obama, and Biden. Bring back the Cheap V8's and get back to raw horsepower! 650hp and 8mpg! Woo!
@davidbeppler3032 and ev's will still be first to the finish line lol. I'd rather hear that beautiful sound of a v10 if we are going to be playing lets play right.
Trump will be working on coal powered cars.
😂
@@humnpwr Coal powered Horses!
He did said he love coal and he ain't joking, anyway, he love the 70s.
Wrong. Trump is a genius who, thanks to Elon, believes in the EV revolution. EVERYTHING he's done ng/suggesting is to protect US EV manufacturing
What an stupid moronic statement, you must be a lefty,
I feel this was one of your more powerful videos. If we fall asleep on technology, as a country, we'll be left in the dust. First thing I did was post this to my Facebook page.
Powerful, he's a Trump/Musk apologist who should be called out.
lol too late. All the inner city mutt kids have an 8% literacy rate. We have an entire generation of 70 iq AmeriMutts who provide nothing productive to society and only exist off the welfare state funded by the diminishing population of productive people.
Right on Trump will make China great again!
ask in rednote, ppl from China LOVE Trump. 🎉
Trump has 2 nick names in China starting from his first term till now, "Know King" and "Nation Bulding Trump", the nation building part is China.
😂😂
wr
Trump has America winning again. The advantage to China under Trump is they no longer have to send money to the Biden crime family.
Dump the Trump!
We should just copy Chinas tariffs since they copy everything.
Interesting. His nickname in New York City and Atlantic City was 'scumbag'.
China's top leaders, including Xi Jinping, hold regular study sessions and invite top scientists and engineers to give lectures to improve their knowledge. Meanwhile in China, everyone (EVERY ONE) knows Trump has a Chinese name 懂王, which means [the king of knowing everything].😂
Isn't Xi Jinping notoriously not very smart?
@@CrypidLoreSays who? Either way, Xi is more grounded than that bloated orange buffon
Thank you for addressing this EV!!! One of your most important videos ever!!!
I'd be interested to know what Mr Trump says that you find "compelling"
I’m no fan of Trump or even right wing politics, but I can offer a couple of suggestions.
US should avoid “forever wars”.
US should take a more aggressive attitude to drug consumption, especially fentanyl.
US needs to lower the price of pharmaceuticals.
US needs to reshore at least some industries.
@@229andymon I agree with the first two on your list.
However, for years now, the Republican Party has stood in the way of lowering drug prices, including prohibiting Medicare from negotiating prices. Democrats passed a bill during Biden's term to allow Medicare to negotiate a handful of the most common drugs. Wouldn't be surprised if Republicans tried to overturn that law.
Republicans also led the effort to offshore American industries, with some support by Clinton. They have also drastically weakened unions that fought that off shore effort.
@@229andymon Thing is, he says things to get votes then does shit.
@@229andymon there should be world peace. Nobody should pay any taxes, ever, but everything should be provided to them for free anyway. And everyone should get as much chocolate and ice cream as they want, without ever gaining weight or getting sick.
I look forward to getting your vote! Because it's just about making vague promises with no policies to back them up or ability to deliver on them, right? That's all it takes, isn't it? Or... is it really... something else about Trump...?
Totally agree with Tom Friedman's article. I remember his great book 'Hot Flat and Crowded' from the early 2000s which predicted so much of what we see today in th world of EVs and renewables. China was/is already well ahead of the US on the clean tech technologies of the future and Trump has barely started to take the US backwards. The US has amazing companies and individuals who excel in this area but government also plays a huge role in setting those actors up for success or failure and overall the future of clean tech in the US looks increasingly dark for the US thanks to Trump.
Thanks for reminding me that I need to read the book. 🙂
th-cam.com/video/kE7UwSc_Z6s/w-d-xo.htmlsi=1hcqG_V1QpDjStAs
How is CCP ahead of the USA on clean tech when they use, BY FAR, the most coal? You need to understand that Viking's home country exports the most coal on Earth, and who do they sell it to? You know, or should.
@@rickybosephus2036 - China also makes the most solar panels, makes the most rechargable batteries, makes the most electric cars, brings more wind/solar/nuclear power on line than the USA or any other country on earth. China is graduating more engineers/scientists every year than all the college graduates in USA regardless of major. You see they are out innovating the USA by a wide margin. This is what the USA used to do back in the 1950's, 60's and 70's. Then in the 80's we decided to send our manufacturing overseas and starting making more billionaires than we did products. That was the beginning of the end for USA, we got greedy and went for max. profit instead of innovating.
@@WJV9 I've heard it all before in the 1980's when we were told the Japanese were going to overtake the USA. CCP China can't rely on domestic consumption for growth anymore because they have more people over 50 years old than under, therefore they are reliant on exports at a time of massive tariffs. CCP is fooked, and there's nothing you can do about it.
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It's Maria Frances Hanlon doing, she's changed my life.
Same here
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I do know Ms. Maria Frances Hanlon, I also have even become successful....
Absolutely! I've heard stories of people who started with little to no knowledge but made it out victoriously thanks to Ms. Maria Frances Hanlon.
There is a finite amount of economically recoverable oil left in the US. The faster it is wasted on transportation, the faster that oil won’t be available for everything from pharmaceuticals to textiles to plastics.
Yes today Trump will reduce the price of gasoline & increase consumption in the US. But when US oil doesn’t flow as readily tomorrow, today’s cheaper price will be at the expense of those items where it’s much harder to find alternatives to petroleum based parts/ingredients. That’s going to cost the US economy myriad times more in the future than what it saves for the next few years.
The price of fossil fuels has just gone up due to his Tariffs
He just put a Tariff on their biggest trade supplier of Oil. He thinks drill baby drill means snap his fingers and Oil wells and refineries instantly appear. Maybe he should have those in place first before taxing imports that your businesses need to operate. Gas prices along with everything else in the US will be going UP, not down.
Finite yes..but 300 years at current consumption rates if you do your research.Trump is creating a protected market to pay down debt.The rest of the world will move on regardless.
Best comment on this video by far.
Oil won't be needed for plastics for a lot longer. The trouble is not the technology: it's the fossil fuel industry's unwillingness to transition to something new.
China installed 277 GigaWatt Solar in 2024. 👍
And about 3.5 GW of nuclear. In now has about 57 GW of nuclear and 886 GW of solar.
I have solar and I love it, but they're 277 gigawatts turns into 10 gigawatts when they have rain and storms. You still need other forms of energy. It would be interesting to know what China does with the gasoline when they distill oil to create plastics and jet fuels and other oil byproducts.
@@rickdiego5 It's called battery!
@rickdiego5 In China Electricity is Cheap. Profit for the People. 👍
@@rozonoemi9374yes indeed. I have read that if needed a charged EV can power a house! How incredible.
Unfortunately Trump thinks like a child and can not process science or logic
It's not governments that drive businesses, it's profits and renewables are the most profitable, Sunshine and Wind as a fuel is free.
Maybe Musk wants Tesla to be the only EV car company in the US. If there is no goverment help this will probably happened as Tesla is the only manufacturer that got enough widespread adoption. It will be like Lada in USSR.
Lada was probably the USSR's best-known car manufacturer in the rest of the world, but it was not the only one. There were Moskvich, Volga, Zaporozhets, GAZ, ZIL and others.
Currently not "the only" but "almost the only", since Lucid, Rivian, etc. are so small compared to Tesla.
That was why Biden gave $7500 on every car. But did the legacy companies maximise this to grow their sales? After years of half-heartedly making EVs, how long can the subsidies continue? I view tariffs similarly. The US public are paying legacy companies to continue being inefficient. It won't work out well.
I’d like to see this list of compelling things Trump says and does.
Yeah- Completely F-ed up and nasty is not "compelling". Sam recognizes many things that some people don't, but he really does not seem to appreciate how completely evil Trump is.
You know, for people not very connected to reality, making America great again is a great slogan. Problem is, Trump is taking America to the 1880s, not 1950s. Middle class, say bye, bye. Working class, don't even pretend you will be able to keep pace, much less get ahead.
Billionaires, though, lots of compelling things from Trump and Elon.
@WilliamMorfin . The way to see that is to close your eyes, click your heels together and repeat the phrase….Make America Great Again.😂😂😂😂😂
@
… there’s no place like Mar-a-Lago. 😣
Here's your list:
-
I think the lesson here is that if you're going to have a dictator running your country, at least choose a smart one.
American thinking is 4 years, Chinese thinking is 20 years period. American history of balance and check government system is not working anymore. 😢
😂
It doesn't have to be that way Andrew. Many countries with regular elections on three, four of five year cycles have constructive clean energy policies and support the use of EVs. The US could join us in this but it needs a big education campaign.
it never worked. Murikkans are just too dumb to notice it. And they still don't notice it in fact
@@rais1953 It would need a bipartisan initiative, one that both parties were pledged to uphold regardless of who ends up in power. Which is possible - the US actually used to do that kind of deal - but not in the current political climate; before that becomes feasible again, both parties would need to purge most - and ideally all - their politicians that refuse to negotiate or even talk with those in different political camps, allowing the US to resume its tradition of bipartisanship.
If the US doesn't fix itself, China will have a huge organizational advantage going forward.
@@FabioCapela What people are missing is that all of this was bipartisan. The Democrats agreed with the current policies on immigration, cutting down government posts based on cultural background, cutting taxes, leaving the paris agreement etc. etc. These career politicians have no principles.
One of your best. Right wing woke is real.
Your video definitely adds more punch to the article itself. A lot more enjoyable and easier to digest than just reading the original.
The only GREEN stuff Donald likes is called GREENLAND.
Tom Friedman is great, I've been reading him for years. He's been incredibly insightful about renewables and American competitiveness since the late 90's.
Not many of us here in the comments yet! I agree mostly with Thomas Friedman, American exceptionalism is like totally over man. A moronic country that is getting its come-uppance from Trump and friends...
Nicely said.
Yep. China has 5 times the number of stem graduates than the US. Tell me again how America is going to create "great"?
We are better off now than with Biden. Here is why: Biden tried to stifle AI with his 2023 executive order on AI risk. Biden’s order would require a government red team on AI development to monitor safety. Marc Andreessen said he was told by government they would end all AI development in the U.S. except for a few large corporations.
With release of Deepseek, we now know Biden’s policy would put us back to the Stone Age relative to AI. We dodged that bullet!
As far as whether energy comes from oil or wind, not relevant at all to AI. We already lost the solar race. Wind turbines are horrible machines. Not the way to go. But, we should build up solar.
Thanks!
Bravo! Very pragmatic point of view. Everything is connected. Make the world create again!😊
Wealthy business folks LOVE him because he's a muppet that does what they want.
Quick question: do you ever sleep? Bro you’re launching a million videos a day!
I respect the grind
I think you are spot on about our energy policies here under trump. Sadly you questioned Biden’s commitment to clean energy but that is no longer the issue. The US needs to wake up in 26 and 28 with new purpose to save the planet. Keep up the job of presenting the real facts of global survival. Thank you
Staying in the past is the most effective way to lose the future.
I agree 100% with Thomas friedman!
Who can forget the Useful Idots first term where he bragged hoe big coal, clean coal was coming back. Meanwhile on planet reality coal continued to die. I'm in Western canada, home of resources, the lazy way of business has to stop, much like the oil. That oil is mostly old to the US for $30 a barrel, a bargain, im sure other buyers are out there.
Cats probably kill more birds than wind turbines 😂.
I realy doubt that... And it 's not even funny
Trivially true, but while cats kill common garden birds, wind turbines kill rare raptors. Still, the fact that you dismiss it all with a laughing emoji belies the claims that wind evangelists care much about nature. Just saying.
In Australia alone scientists estimate that both domestic and wild cats kill about one million birds every day. That nis about 365 million birds a year in Australia alone. Think of how many are killed world wide.
They do.
Yeah research estimates cats kill 1.3 billion birds each year in the US while wind turbines are estimated to kill 1.4 million in the US a year.
So yes wind turbines kill birds but cats kill 1,000 times more. Plus climate change kills birds too and the reduction in climate change gases from the wind turbines likely saves more birds each year than the turbines kill directly.
100 percent the guy has no clue . Need more batteries and less dependent on oil
Why do Americans vote for someone who doesn't believe in climate change ?
Amazing video! Big fans…we watch them all
Freidman makes sense. At least we know there are still some smart people left in the USA
America is about to find out the world can live without it.
One of your best episodes. Hope more MAGA watch this.
I absolutely agree with Friedman
I appreciate your video, perspective, and research. Unfortunately, I'm living amid this, watching it happen live. Up is down. Black is white. We are living in a bizarro world. Friedman is spot on. I live in a red state with 60% renewables (mostly wind). The rationale behind the right-wing efforts undercuts the base in so many ways. I can't explain it.......but "right-wing woke-ism" works for me.
Trumps energy policy drives me crazy. Hopefully evs, solar and batteries keeps moving forward and it doesn’t push off this transition much. If it’s cheaper it will win the energy battle regardless of the loss of incentives.
They by definition must NOT be some of the smartest people you know, Sam. Even if for some kind of insane pro-development reason, Trump's business ideas are just ridiculous...
Let's see, Trump made a billion dollars and became president of the most powerful country in the world. Now let's look at you and what have you have done and what are you worth and why would anybody listen to your opinion?
Trump is the "businessperson" who managed to bankrupt a cassino.
@@FabioCapela Trump was also blocked from owning a casino in Australia because of his mob connections. True!
Reason why President appears to favor oil over wind/solar at the moment is left wanted to mandate those power sources and was killing oil. At the moment oil production will greatly help financially thru political turmoil as reliance on electricity and wind continues to develop, along with improved nuclear power.
Agree but I want to point out that to the best of my knowledge, there are no car factories (EV or otherwise) in Oklahoma. One startup (Canoo) crashed and burned after producing less than 100 vehicles.
Trump won’t do away with EVs. It’s like trying to put a genie back into a bottle. The horse has broken the barn doors open and escaped. Trump just closed the barn doors..but the horse..aka EVs are out and will never be locked up again.
As soon as business man Trump realizes that renewable is cheaper and makes him more money than burning stuff he’ll stop drilling..
No. Trump has convinced himself warming is a fiction. His giant ego won't let him change his mind no matter how much scientific evidence is presented. He'll claim DEI or woke or some other red herring is to blame for every problem.
OPEC will make US lose much more than deep seek invest to fracking then lose it all when OPEC floods the market driving prices down
Follow the money (in a different direction). The Koch brothers are big donors.
They have been using a self driving bus on some routes.
Remember... Oil and its derivatives are used in a variety of manufactured goods such as paint, some plastics etc. Same with LNG. It's just about producing fuel for vehicles.
60 percent of oil revenues come from transportation fuel. They are literally being disrupted and are doing nothing. Yes, they will stay in business but the stock will trade at a PE of 7.
Fuel makes up for more than half of the global oil usage (and over 70% of the US oil usage). Switching to EVs will crater that demand and cripple oil companies, likely resulting in oil becoming more expensive (as the oil companies won't be able to use energy investments to offset costs for oil's industrial uses anymore and will lose economies of scale to boot).
With oil for everything else becoming more expensive, alternative ways of making those oil-dependent things - many of which were first invented during the 70s oil crisis, and thus had their patents expire long ago - should become feasible and receive R&D investment again, further decreasing the need for oil.
It will take time, of course, but in a few decades the oil industry might be approaching the drain. Many analysts already think oil reserves will end up as stranded assets, not worth drilling for.
Most don’t understand that there will always be demand for oil and gas. Demand for energy is always increasing. Kind of ironic because China produces its own energy primarily from coal and yet leads the world in making solar panels and wind mills which mostly go to western countries.
No ones gonna take you precious oil away. We need to stop burning it for energy though.
@@jaaklucas1329the big problem with fossil fuels is the CO2 emitted into the atmosphere. Plastic doesn't end up in the atmosphere.
I agree with Thomas. Trump was never the way to go.
They voted for him, now they have him. Oh well.
We’re glad we have him. He will cause all forms of energy to flourish including nuclear.
Not too smart voters
The biggest danger in democracies is that the voters get exactly what they have been voting for...
unfortunately, we have to choose 2 bad apples. Trump is a bit better.
@ben-l8g2n 😅🤣😂🤣😅
MAGA …. Make america goofy again…
Trump will dump Elon at some stage. That is inevitable when he starts hurting Elon's businesses. Just give it time. He also wants to make the US into a typewriter economy. Yearning for the 1950s believing that rejecting any technology from then onwards as undesirable. That will end very badly.
How many predictions have you made ' ended up been stupid ?
Trump just endorsed a huge project for AI development. And his inauguration ceremony surrounded by tech leaders. Doesn't sound like a typewriter mentality to me.
@@sunrisejak2709 really? all his plans turn to shit and even elon is calling this one.
@@martinwoollett8468 I'm not a Trump fan. Actually I'm a huge Tesla fan, as I own one. But I was just pointing out the statement of "Trump going back to the 50's" and "typewriter technology" all while surrounded by the worlds technology leaders . Will his platforms be productive or effective? I doubt it.
@@waynefergusson9987 Don't push back on modern day Nostradamus, lol.
You are the first Australian that I know who doesn't hate China. Interesting...
End all subsidies… the market fails when it’s manipulated. Are electric cars all that great? Easier to determine if not getting $7500 rebates.
End subsidies and tax benefits to the fossil fuel industry (worth about $700 billion per year in the US) as well, and let's see which type of vehicle survives :)
T he market (so-called free market) tends towards monopolies if unregulated, i.e. it also fails if unregulated
@ so everything fails? No, get government completely out. Government is a monopoly of force.
The market works better when it’s regulated. Just look at the scandinavians… best educated, healthiest, longest living and happiest people in the world.
And as a result they also happen to have the most entrepreneurs per capita (which is what happens when you have the best education system and a strong safety net for people to take risks).
ALL car companies are subsidised. Everywhere. It's just a matter of degree.
What exactly is compelling of what trump says????? There is not one stemmet that is not totally stupid or a lie or wrong!
Just make an example of a compelling trump statement
Racism and hating immigrants is compelling to some people sadly, as is his rhetoric of putting "America First" in everything panders to their American exceptionalism (like Brexit did for my country). I don't know if Trump believes even half of what he says or if he's just telling people what they want to hear.
@@VideogameBucko He's a master at telling people of what they want to hear, and they just eat it up and become enamoured with him. He Then does the opposite by bombarding distractions, and people no longer care about the first thing because he is already promising something even better. Basically, he is using people to do whatever he wants by giving people hope of the fake promises he never intends to fulfil. It's actually quite impressive and amazing how well he is able to suck people in.
Trumps vice's president Elon Musk will not stop EV cars dude
this is gonna end very badly for the US
Tom Friedman is a moderate and not woke. He is also one of the most intelligent people out there just not in a hyper intellectual ways that liberals can sometimes be. He finds things out by talking to all different varieties of people liberal to conservatives and most importantly he listens to them. So he is not rigid; he listens to what people are saying and goes with what makes sense, not necessarily the political ideology. one thing is definite for me: the biggest problem out there by far is climate change and I am in favor of whatever it takes to fix but I sincerely doubt that nuclear or carbon capture are workable.
Sunny Western Australia is building huge battery installations to capture the power being generated all day every day by household rooftop solar panels. It's not the whole solution to the challenge of supplying clean, cheap power but it's part of the solution. For some time at least there will be natural gas powered generators for backup. As a country importing all of its petroleum this can power more and more of our transport using EVs.
In the US oil drilling wells that were so called sealed, but leaking oil from them. More wells doesn't make sense because their more EV SALES.
Do like the electric Viking by using solar panels to charge your EV and home.
Big oil soon be all "NO, NO, NO . . . PLeaSe DOn'T DrILL!!! Global oil demand is set to fall. Too much supply will only drive down the price at the pump!"
China's oil imports already fell by 1.9% in 2024. And with the percentage of EVs in China's fleet already at 9% and expected to increase 5% or more per year from now on (meaning their consumption of gasoline should fall by roughly that amount), and the fact China used to drive oil demand up almost singlehandedly in the past, I really don't think oil demand will rebound.
What's more, OPEC is still in the middle of production cuts that were supposed to be already over. If OPEC decides to end its production cuts, that alone could bankrupt most of the US fracking companies even without taking into account future Chinese demand issues.
@@FabioCapela At what point do the Saudi's realize their low extraction cost oil will be more than enough to cover the end of of the oil age?
@@douglascutler1037 Depends on how fast renewables, EVs, and other technologies that replace oil catch on. The world will likely still need to invest in new extraction as old oil wells stop producing, as the transition likely won't be fast enough, but what is already clear is that investing in increasing production (as opposed to merely maintaining it) is already insanity, seeing how long it takes between new investment and the production increase that follows.
@@FabioCapela There's also the possibility that we have seen peak global oil consumption. The ever-rising graph plateaued in 2023 and the expectation was that 2024 would see a fall.
I watch you for an all round knowledge don’t agree on lots you comment on but this is the first time I agree 100%
In that event where they had the robots and the robotaxi, Musk was askd whether there would be a version with a steering wheel and pedals and he said :
" There would be no point in that. Tesla is a self-drive company, not an EV company".
"Wind, solar and EVs, together with a new grid and battery storage are the cheaper and superior, more efficient and viable technology." If this statement is true, there is nothing else needed. No incentives, no warranties, no subsidies, no over-taxation of competing technologies. It is a no-brainer. Planet-wide adoption is just a question of time. It´s not a race either. If one country is 10 or 20 years late - so what? China imho started quite late compared to many early adopters. So what? In no time they have surpassed everybody else and by far.
It's true. Fossil energy was necessary to industrialize, but their best days are behind them.The ascendance of SWB (solar, wind, battery) is inevitable now.
But morons can really slow it down.
I agree. Take away tariffs. Take away oil company subsidies. Perhaps charge for ecological damage/repair. Then let the markets decide.
Wasn't it Friedman who once said that labour should be kept one paycheck from starvation?
Reminder here the urban fertility rate in China is .7 with 2.1 being the replacement level.China has its own challenges going forward.Technlogy and labour austerity equals extinction
no according to chatgpt friedman never made a statement like that. why would he? maybe it was you who came up with that
Friedman is exceptionally intelligent and always makes perfect sense.
Yes China's leading the way
HE DOESN'T CARE
Wind doesn’t sleep at night.😂
Sam, one idea I heard about from another content provider suggested was that despite restrictions on the sale of high tech chips to China, most likely China has found ways to circumvent (just as Russia has been able to find ways to get around sanctions). I don’t know if that’s true, but if so, it could explain how China has been able to outperform expectations. Good video!
No wonder Elon musk stop building factory in Mexico. He must have this news awhile ago
Tesla already has enough factory capacity in North America. Wont be long before most all of factory labor is performed by robots IMO- and only Tesla are designed to make this possible.
Trump hinted a tariff on Mexican made Chinese cars a year ago when Biden put a 100 percent tariff on Chinese cars. The writing was on the wall. Mexico is only valuable for serving Africa, Central America, and South America which is what the Chinese are doing.
It's difficult to tell which ignorance is more ignorant. It is a similar phenomenon when people do stupid things to annoy their rivals. That is at the core of much of this.
Pollute, baby, pollute.
yup
LOL.
Compelling lies and nonsense.
9% of America's electric came from coal last year
If you see US politicians congressmen senators as lawyers representing their clients. Everything will make sense
China has 38 nuclear power reactors in operation and 19 under construction1/. It has increased its number of operating reactors by more than ten times since 2000 and plans to bring five units into commercial operation this year alone. China is the fastest expanding nuclear power generator in the world.
Probably to balance the grid..
I remember when we all laughed in disgust when we saw Beijing in a fog of pollution. Then they invested in clean tech like solar, EVs, batteries. Now they lead the world in these technologies and they are only getting better.
Here in the USA the hippies in the 60s and 70s were 100% correct, and Carter with his solar panels was onboard.
Then Reagan subsidized companies that moved to China “So America can remain competitive” (his own words).
That oldtimer is killing this planet compleet nuts
He doesn't care. He is about being a billionaire, but Maga keeps getting tricked into thinking he is for the working man.
More than China? Really?
@@rogersmith1408 Yes.
It’s not that he doesn’t like them; he just wants everyone to have options & not be forced
Venture capital and even the fossil fuel industry are investing in wind and solar. It makes financial sense and the shareholders are the most important people not voters..
Exactly, honestly the drill baby drill, will have no effect on renewable energy. But lower energy isn't a bad thing either.
I like the Evs but they are not practical in Africa due to lack of adequate electricity to run the Evs. I don't see Evs taking over Africa in the near future.
Probably true for the moment. But there is vast amount of investment heading your way that will provide electricity for all needs.
Left wing wokeism: education. Right wing wokeism: head burying.
It's a good video, but the title makes no sense. Trump isn't following EV or renewable mandates.
There are jobs in manufacturing. But more and more these jobs are becoming automated. Take PERC solar panels. Developed in Australia 🇦🇺 manfactured in China, but installed in Australia by Australians. 3GW per year of roof top solar means shit loads of jobs for Australia. Well payed! And not through 3 layers of bureaucracy! If resinc had installed the smart meter for you Sam you wouldn't have had those problems with connection. Lots of battery's needed to get full value of those panels. But it shouldn't just be up to the consumer ❤🎉
he doesnt want to pay for the green deal they must pay there own frieght they are improving so fast the batts that is that we will get there at this stage.
He is right, if. Trump and Musk continue on this path, the US has lost the focus on inexpensive power.
How much thought did you put into that comment ?
@@waynefergusson9987 Lots, I am a contibutor on Quora on both Trump and on BEVs.
Madness to be making any big investment in coal, oil or gas when they'll soon become stranded assets.
It comes down to the radical difference between US and CHINA
Just like any Politician he will pivot in a way that suits him and won’t alienate his base. I support him, EV’s, and renewables at the same time. The large solar fields recently installed all over America are proof we are going in the right direction.
Wow you are DELUDED ... You CANNOT support Trump and anything related to climate change or the pivot from BIG OIL in ANY WAY.
So we should not believe what trump says? He will pivot?
In a month or two he will no longer need his base as his foot will be firmly on their necks. His motive is to gain power, nothing else.
@ Have you ever seen a politician that hasn’t pivoted on anything 😂
@benplumlee751 great answer. Yes I see human nature, many people in many jobs change their minds.
I'm trying to see your logic, you support a guy who will say [or campaign promise] one thing, but you're sure he will do the opposite, therefore, we should support him while hoping he does the opposite of the campaign promises?
Yep, I agree with what he wrote.
If anything, Trump is a capitalist. He may not like EVs but if the market decides it wants EVs. He’ll support them. What he wants is for consumers to have a choice between EVs and ICE vehicles. As far as the red states preferring wind. And solar, then so be it. These states will not be told to switch back or else. All I can say is the next four years will be very interesting!😊
Trump is not even close to being a capitalist. He's a grifter.
What Trump wants is TOTAL CONTROL.
I feel like leaded gasoline will be making a comeback here
Trump doesn't hate evs. He doesn't like that the government is going to force us to buy them if we like it or not. If I don't want one shouldn't have to buy one
you can buy one AND pay for pollution, road maintenance, health, etc
Nobody is forcing anyone to buy EVs even in China. However the market will force you to buy them when there are no gas stations left in about 30 years time.
The only thing that would stop you buying an ice car is that they are more expensive. No one or nothing else is trying to stop you. Go ahead, waste your money.
How can they be some of the smartest people and support Donald trump at the same time