• 4 minutes Energy Armageddon
  • 6 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 12 minutes "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 22 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 15 hours Is Europe heading for winter of discontent with extensive gas shortages?
  • 2 days "False Flag Planted In Nord Stream Pipeline, GFANZ, Gore, Carney, Net Zero, U.S. Banks, Fake Meat, and more" - NEWS in 28 minutes
  • 4 days ""Green" Energy Is a Scam. It Isn't MEANT to Work." - By James Corbett of The Corbett Report
  • 2 days Wind droughts
  • 6 mins "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 9 days Kazakhstan Is Defying Russia and Has the Support of China. China is Using Russia's Weakness to Expand Its Own Influence.
  • 1 day Australian power prices go insane
  • 5 days Xi Is Set To Be Re-Elected As China’s Leader
  • 4 hours "Dodgy Demand Data? The Oil Price Collapse Conspiracy" by Alex Kimani
  • 2 days Europeans and Americans are beginning to see the results of depending on renewables.
  • 4 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 21 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
EU Ambassadors Agree On A Russian Oil Price Cap

EU Ambassadors Agree On A Russian Oil Price Cap

EU ambassadors reportedly reached an…

Europe Is Preparing For Power Outages This Winter

Europe Is Preparing For Power Outages This Winter

The European Union is preparing…

Trading Giants Expect Robust Oil Demand Despite Recession Fears 

Trading Giants Expect Robust Oil Demand Despite Recession Fears 

Despite fears of recession, economists…

Michael McDonald

Michael McDonald

Michael is an assistant professor of finance and a frequent consultant to companies regarding capital structure decisions and investments. He holds a PhD in finance…

More Info

Premium Content

Elon Musk’s Hyperloop Is Heading To India

Amidst Tesla’s recent bad press, Chief Executive Officer Elon Musk prepares for another big week of news. It has been reported that the Prime Minister of India has given Musk land to test his next big idea: the Hyperloop.

The Hyperloop is a transit concept built around creating a system where capsules are propelled, using air, along a magnetic track. Essentially, there is less friction between moving parts because the capsule is levitating between air cushions and can therefore travel at high speeds. A Hyperloop will allow for speeds of up to 700 mph, but the logistics of transporting people at these speeds are daunting. Simple transportation realities like turns, which cause high G-forces, as well as acceleration and deceleration between stops need to be carefully considered with the Hyperloop before it is deemed anywhere near safe for riders. Yet, if the Hyperloop were to only ships goods, then this would not be as big of an issue. The project is moving rapidly, and CNBC suggests that the Hyperloop will be here in the year 2020.

Musk has had difficulty gaining space for the testing, however, after Indian Prime Minister Narendra Modi visited a Tesla factory in California recently, he offered Musk’s other firm, SpaceX, the opportunity to develop Hyperloop operations in India. Pune, 118 kilometers away from Mumbai, is where the Hyperloop testing will be done. The Prime Minister hopes that projects like this in the future can create cleaner transport for India. The Indian government is going to have to focus on utilizing more ‘green’ transportation options by providing incentives for things like bio-fuels and electric cars in order to avoid the kind of pollution troubles that have befouled much of China.

India’s next move is to work with Tesla to produce batteries and solar panels. Large demand there has created huge potential for Tesla’s efficient batteries. Musk could possibly set up an entire infrastructure system for India, as the country's current energy and transportation system is neither efficient nor good for the environment. First, though, Modi is trying to induce Musk to bring the Hyperloop to India.

Related: Oil Is Likely To Remain Below $50 A Barrel In The Near Future

Musk is not the only one pursuing the Hyperloop of course – there a couple of other firms that have jumped on the concept after Must initially introduced it, but SpaceX has the resources to take the Hyperloop to commercialization faster than the smaller firms do.
The Hyperloop could change the way we think about transportation. People would no longer have to spend long periods of time on trains, and for cargo the shipping costs could be very cheap. India’s offer could accelerate the development of the Hyperloop in an area of the world that still needs significant transportation infrastructure development. The U.S. has adequate highways and air travel options, meaning that the Hyperloop would be a major development, but not necessarily one that would change the national economic outlook overnight. For countries like India, the Hyperloop would be truly revolutionary if it were successfully implemented.

Unfortunately, SpaceX is not publicly traded so investors cannot capitalize directly on this news, but it is worth watching Tesla to see if they become involved in the project in some way as that could impact investment opportunities in the market.

By Michael McDonald of Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Philip Branton on September 22 2016 said:
    Mr. McDonald, Think about Skytran for a minute if you would. Now, think how Tesla golf carts would be used by individual owners to drive up and have "Hook" access to the Skytran system. Finally, ask yourself why this system is not installed anywhere in America yet..? Dare to wonder what your editor will do when you try to offer a write up for publication on this website on the subject..?
  • Wayne Smith on September 22 2016 said:
    Posted to Elon Musk facebook group http://www.facebook.com/groups/ElonMusk
  • Gabrile Tessier on September 22 2016 said:
    Professor??? your comments are wrong.
    because the capsule is levitating between air cushions and can therefore travel at high speeds.
    you may be a finance genius but know nothing about technology.
    No air cushion... the tubes are vacuum.
    electromagnetic lift the cars.

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News