A Comment About

How Oil Prices Could Collapse

July 6, 2008 - 12:00 am - by Youssef M. Ibrahim
david levavi
2008-07-07 17:32:49

Bozoer Rebbe

Seems you have a different standard of proof than I, Your Holiness. I’m talking engineering and feasibility, you’re fixated on profit. I concede that Tesla is not yet profitable and may never be.

But electric cars with respectable range at reasonable price will be available soon. And not least among the many benefits of such vehicles is that they will bring new blood into automobile manufacture. For the first time since the nineteen-twenties and thirties maverick automakers will have an opportunity to compete with behemoths like GM. The simplicity of electric cars will make it possible.

The big American auto manufacturers will never recapture market share lost to the Germans and Japanese with current technology. Energetic innovators and entrepreneurs pushing a whole new kind of automobile can reclaim the American automobile market for American manufacturers.

‘As GM goes so goes America’ has become a chilling notion. A government bailout for the automotive giant in near future is not unlikely. A host of competitive new manufacturers providing electric vehicles offers a healthy and hopeful alternative.