Exxon Mobil Corporation Entering The EV Game With Charging Facilities - GoFuckYourself.com

2MuchMark · 03-07-2015, 08:05 AM

Well this is something I never expected...

Exxon Mobil Corporation Entering The EV Game With Charging Facilities

Quote:

The US-based oil and natural gas multinational, Exxon Mobil Corporation (NYSE:XOM) is looking to tap the growing demand for electric vehicles (EV) around the world.

The energy giant is planning to build its own EV-charging network in the US and will start working on the project within six months, according to a person familiar with the matter who spoke with Bidness Etc.

Amazing!

Rochard · 03-07-2015, 08:37 AM

I've been saying they need to do this for some time now - it's just common sense.

The technology is getting better and better for electric cars, and eventually we no longer have the need for gasoline powered cars. At some point in time the oil companies we know today will no longer exist. They nee to move away from being oil companies and start becoming power companies. Eventually gas stations will become charging stations.

dyna mo · 03-07-2015, 08:40 AM

Quote:

Originally Posted by Rochard

I've been saying they need to do this for some time now - it's just common sense.

The technology is getting better and better for electric cars, and eventually we no longer have the need for gasoline powered cars. At some point in time the oil companies we know today will no longer exist. They nee to move away from being oil companies and start becoming power companies. Eventually gas stations will become charging stations.

technology is not getting better and better for electric cars. try and name one technology of electric cars that has gotten better.

the ICE isn't going anywhere.

crockett · 03-07-2015, 08:42 AM

No surprise, the big oil companies in the US were all getting into green energy prior to fracking. BP had some of the largest solar farms in the US, the others were also jumping on board even with wind turbines..

Then the fracking boom came along and just about everyone of them sold their green energy sources. Now with oil prices dangerously low to make profit from fracking they are likely scrambling..

crockett · 03-07-2015, 08:44 AM

Quote:

Originally Posted by dyna mo

technology is not getting better and better for electric cars. try and name one technology of electric cars that has gotten better.

the ICE isn't going anywhere.

I may be wrong of course...but Im' pretty sure this...

Is just a little bit better than this....

dyna mo · 03-07-2015, 08:52 AM

Quote:

Originally Posted by crockett

I may be wrong of course...but Im' pretty sure this...

Is just a little bit better than this....

fill me in, name 1 single EV technology in the tesla that is tech advancement? the battery? the electric motor? what? the insane button?

fact: marketing sells cars, not tech. EV cars are selling because the television tells people to buy them not because of technology getting better. example: the insane button.

mineistaken · 03-07-2015, 11:07 AM

evil (exxon) + good (electric). Now MP must be torn - to hate or to love

Barry-xlovecam · 03-07-2015, 03:53 PM

I am not surprised. Mobil has the real estate locations nation (USA) wide.

The real issue is in generating the electricity for vehicle use without just shifting the "carbon footprint" onto the existing power grid.

RummyBoy · 03-07-2015, 10:29 PM

Quote:

Originally Posted by dyna mo

fill me in

GFED · 03-08-2015, 12:48 AM

I've only been trading for a couple months but this recent activity of XOM looked like a good opportunity. I bought a call and sold a put on XOM looking for a bounce next week at least above the broken support. Also, I've noticed USO has held support and short interest is lowering.

TLT, GLD, VNQ and XLU all have gone down over the threat of interest rates increasing and a lot of money was moved. Just some thoughts... any opinions?

slapass · 03-08-2015, 08:02 AM

They make more selling cigarettes and coca cola then gasoline so they just want the traffic.
Tube site model hahahaha

Jman · 03-08-2015, 08:21 AM

Quote:

Originally Posted by slapass

They make more selling cigarettes and coca cola then gasoline so they just want the traffic.
Tube site model hahahaha

Yup, all smokes and mirrors.

Barry-xlovecam · 03-08-2015, 09:06 AM

Not really, what do you think a "charge up" will cost?

crockett · 03-08-2015, 09:07 AM

Quote:

Originally Posted by Barry-xlovecam

Not really, what do you think a "charge up" will cost?

what ever it is, you can be sure it will have .999 of a dollar tacked to the end per what ever per kw or watt or what ever lol.

Joshua G · 03-08-2015, 09:17 AM

Quote:

Originally Posted by GFED

I've only been trading for a couple months but this recent activity of XOM looked like a good opportunity. I bought a call and sold a put on XOM looking for a bounce next week at least above the broken support. Also, I've noticed USO has held support and short interest is lowering.

TLT, GLD, VNQ and XLU all have gone down over the threat of interest rates increasing and a lot of money was moved. Just some thoughts... any opinions?

yes. im ny opinion, you should retire from trading & become an investor. This recent news clarifys why...basically the cost of frequent trading overwhelms the gains of a portfolio relative to buy/hold.

Warren Buffett on track to win hedge-fund bet - MarketWatch

i know trading is far more fun than sitting in a stock for a decade. But the 1000% monster gains come from holding apple computer since 2005. trading costs destroy any comparable gains over the long run.

your best bet is to buy exxon, wait 10 years, & you will be better off than trading over 10 years.

GL.

GFED · 03-08-2015, 09:37 AM

Quote:

Originally Posted by Joshua G

yes. im ny opinion, you should retire from trading & become an investor. This recent news clarifys why...basically the cost of frequent trading overwhelms the gains of a portfolio relative to buy/hold.

Warren Buffett on track to win hedge-fund bet - MarketWatch

i know trading is far more fun than sitting in a stock for a decade. But the 1000% monster gains come from holding apple computer since 2005. trading costs destroy any comparable gains over the long run.

your best bet is to buy exxon, wait 10 years, & you will be better off than trading over 10 years.

GL.

Thanks Joshua for the feedback. Yes, XOM is a dividend aristocrat and I plan on holding long term even if I get put the stock.

2MuchMark · 03-08-2015, 10:27 AM

Quote:

Originally Posted by dyna mo

technology is not getting better and better for electric cars. try and name one technology of electric cars that has gotten better.

Hmm let's see...

- Batteries now last longer
- There are more EV stations
- Composite materials to make cars lighter but maintain strength.
- More eficiente electronics
- Less reliance on hydraulics (using oil for steering and brakes), shift towards electric steering and brake-by-wire (Also: The 2014 Camaros also use electric steering)
- Low rolling-resistance tires
etc
etc
etc

Quote:

Originally Posted by dyna mo

the ICE isn't going anywhere.

It won't ever go away, but it sure is much less interesting than it used to be, and I predict that interest in ICE will drop eve more in the near future. I've always lost total interest in ICE, at least for cars. My GF's next car will also be electric (we have installed 2 EV chargers in our new home), and there is at least 1 other EV car owner on our street already (A Tesla... son of a bitch!!). Montreal is adding another 100 EV charging stations including street-side charging stations in the next 2 years. Will ICE disappear? No. But is it now old, dirty, stupid for commuters, and boring as fuck? You betcha.

2MuchMark · 03-08-2015, 10:37 AM

Quote:

Originally Posted by dyna mo

fact: marketing sells cars, not tech. EV cars are selling because the television tells people to buy them not because of technology getting better. example: the insane button.

Dynamo, you assume that all consumers are idiots, and don't take the time to shop, or read details, etc.

Advertising uses emotion to sell their products, and maybe people buy cars to satisfy the craving those emotional ads generate, but I promise you that many people really look at the numbers before buying such an expensive item.

Think about one of the last computer items you bought. Was it a new monitor? Or a printer? Did you buy it just because it was sexy? Or did you read the specs and compare makes and models before making your purchase?

2MuchMark · 03-08-2015, 10:41 AM

Quote:

Originally Posted by mineistaken

evil (exxon) + good (electric). Now MP must be torn - to hate or to love

Well, it is a step in the right direction for Exxon for sure...

dyna mo · 03-08-2015, 10:58 AM

Quote:

Originally Posted by **********

Hmm let's see...

- Batteries now last longer
- There are more EV stations
- Composite materials to make cars lighter but maintain strength.
- More eficiente electronics
- Less reliance on hydraulics (using oil for steering and brakes), shift towards electric steering and brake-by-wire (Also: The 2014 Camaros also use electric steering)
- Low rolling-resistance tires
etc
etc
etc

It won't ever go away, but it sure is much less interesting than it used to be, and I predict that interest in ICE will drop eve more in the near future. I've always lost total interest in ICE, at least for cars. My GF's next car will also be electric (we have installed 2 EV chargers in our new home), and there is at least 1 other EV car owner on our street already (A Tesla... son of a bitch!!). Montreal is adding another 100 EV charging stations including street-side charging stations in the next 2 years. Will ICE disappear? No. But is it now old, dirty, stupid for commuters, and boring as fuck? You betcha.

huh? you're actually trying to claim battery tech is NOT holding back EV? You're claiming an EV station that simply charges a car at 220/110 is a tech advancement? that's simply an electrical cord with a fancy plug.

everything else you mentioned is tech directly NOT attributable to EVs.

you must have never had a real passion for beautiful incredible cars and vehicles to be so disgusted by them now simply because they run on gasoline. that's fine and all, but no need to try and project that on us.

dyna mo · 03-08-2015, 11:02 AM

Quote:

Originally Posted by **********

Dynamo, you assume that all consumers are idiots, and don't take the time to shop, or read details, etc.

Advertising uses emotion to sell their products, and maybe people buy cars to satisfy the craving those emotional ads generate, but I promise you that many people really look at the numbers before buying such an expensive item.

Think about one of the last computer items you bought. Was it a new monitor? Or a printer? Did you buy it just because it was sexy? Or did you read the specs and compare makes and models before making your purchase?

it's not an assumption. It's very simple logic. marketing tells you that by adding yet another car into the world (buying) an EV car, you are helping the environment.

**********, that is a marketing gimmick.

adding a car to the inventory of cars on the planet is green! of all things to believe.

more cars help!

03-07-2015, 08:37 AM	#2
Rochard Jägermeister Test Pilot Industry Role: Join Date: Dec 2001 Location: NORCAL Posts: 72,854	I've been saying they need to do this for some time now - it's just common sense. The technology is getting better and better for electric cars, and eventually we no longer have the need for gasoline powered cars. At some point in time the oil companies we know today will no longer exist. They nee to move away from being oil companies and start becoming power companies. Eventually gas stations will become charging stations. __________________ “The choice is no longer between right or left. The choice is between normal and crazy.” - Sarah Huckabee Sanders YNOT MAIL \| THE BEST ADULT MAILING SOLUTION

03-07-2015, 08:42 AM	#4
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 76,806	No surprise, the big oil companies in the US were all getting into green energy prior to fracking. BP had some of the largest solar farms in the US, the others were also jumping on board even with wind turbines.. Then the fracking boom came along and just about everyone of them sold their green energy sources. Now with oil prices dangerously low to make profit from fracking they are likely scrambling..

03-07-2015, 11:07 AM	#7
mineistaken See signature :) Industry Role: Join Date: Apr 2007 Location: ICQ 363 097 773 Posts: 29,656	evil (exxon) + good (electric). Now MP must be torn - to hate or to love

03-07-2015, 03:53 PM	#8
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	I am not surprised. Mobil has the real estate locations nation (USA) wide. The real issue is in generating the electricity for vehicle use without just shifting the "carbon footprint" onto the existing power grid.

03-08-2015, 12:48 AM	#10
GFED Confirmed User Industry Role: Join Date: May 2002 Posts: 8,098	I've only been trading for a couple months but this recent activity of XOM looked like a good opportunity. I bought a call and sold a put on XOM looking for a bounce next week at least above the broken support. Also, I've noticed USO has held support and short interest is lowering. TLT, GLD, VNQ and XLU all have gone down over the threat of interest rates increasing and a lot of money was moved. Just some thoughts... any opinions?

03-08-2015, 08:02 AM	#11
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,627	They make more selling cigarettes and coca cola then gasoline so they just want the traffic. Tube site model hahahaha

03-08-2015, 09:06 AM	#13
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	Not really, what do you think a "charge up" will cost?