• 4 minutes Trump will meet with executives in the energy industry to discuss the impact of COVID-19
  • 8 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 11 minutes Why Trump Is Right to Re-Open the Economy
  • 13 minutes Its going to be an oil bloodbath
  • 1 hour US Shale Resilience: Oil Industry Experts Say Shale Will Rise Again
  • 2 hours While China was covering up Covid-19 it went on an international buying spree for ventilators and masks. From Jan 7th until the end of February China bought 2.2 Billion masks !
  • 31 mins Ten days ago Trump sent New York Hydroxychloroquine. Being administered to infected. Covid deaths dropped last few days. Fewer on ventilators. Hydroxychloroquine "Cause and Effect" ?
  • 6 hours Marine based energy generation
  • 2 hours China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 4 hours Today 127 new cases in US, 99 in China, 778 in Italy
  • 10 hours Real Death Toll In CCP Virus May Be 12X Official Toll
  • 20 hours What If ‘We’d Adopted A More Conventional Response To This Epidemic?’
  • 1 day Trafigura CEO Weir says, "We will see 30% to 35% drop in demand". That amounts to 35mm bbls/day glut ! OPEC+ 10 mm cut won't fix it. It's a DEMAND problem.
  • 35 mins Apple to Bypass Internet and Beam Directly to Phones
  • 6 hours Which producers will shut in first?
  • 16 hours TRUMP pushing Hydroxychloroquine + Zpak therapy forward despite FDA conservative approach. As he reasons, "What have we got to lose ?"
Alt Text

What Will $15 Oil Mean For Producers?

According to the IEA, if…

Alt Text

Oil Industry Joins The Fight Against Coronavirus

The coronavirus has forced businesses…

Martin Tillier

Martin Tillier

More Info

Premium Content

Tesla’s Wicked Truck Could Be A Long-Term Problem For The Stock

Yesterday, after much anticipation and with a great deal of fanfare, Tesla (TSLA) revealed their truck and the launch went about as badly as a launch could go. The consensus view seems to be that it won’t be a huge success, but whether it is or not, the launch and the surrounding narrative may well have done some damage to the stock that will prove to last longer than the truck itself.

In an attempt to demonstrate how tough the “bullet-proof” vehicle is, Elon Musk had someone throw a metal ball at the window. As I am sure most of you have seen by now, the window shattered. That is embarrassing, but if the vehicle was going to be a success, it wouldn’t be because of tough windows. It would be because the “Cybertruck” as it is somewhat strangely named, represented a viable electric alternative to a conventional pickup. It doesn’t.

Not that there is anything wrong with the vehicle. I have obviously not driven one, but I have driven other Tesla models and it is almost impossible to do so without being impressed. The obvious power and instant pickup of even the most basic of Model 3s is really impressive. It is, however, difficult to see how the Tesla truck will appeal to most truck buyers. They aren’t looking for rapid acceleration and luxury.

Then there is the appearance.

The design of the Cybertruck is, I guess you could say, bold. It resembles a cross between a military Humvee and something from a science…






Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News