PLS 3.66% $2.98 pilbara minerals limited

Things to bear in mind about the US car industry: Chrysler and...

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    Things to bear in mind about the US car industry: Chrysler and GM actually went bankrupt in 2009, Obama had to bail them out. High petrol prices and exposure to fragile oil imports are mortal threats to American carmakers. To counter those threats, the US has DOUBLED its oil production in the last 10 years. So that ramp-up started under Obama, a year later the Paris accords were reached, and most of it has been overseen by Democrat administrations. Oil-mad Trump's insane ambitions were hampered by Covid and his own chaos, and still oil production doubled, after the most substantial global agreement on climate action ever. No wonder we have burst through 1.5 degrees of warming. The US response to Paris was not to reduce, but to DOUBLE production.

    EVs on their own actually make very little difference to the climate crisis, but with tariffs the US is going to further delay even that part of the transition. This is one reason I am a sort of climate doomist. In the orthodox debate, the likes of Biden are meant to be the good guys, and this is what they do. Zeus help us!



 
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