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-   -   Exxon Mobil Corporation Entering The EV Game With Charging Facilities (https://gfy.com/showthread.php?t=1162518)

2MuchMark 03-07-2015 08:05 AM

Exxon Mobil Corporation Entering The EV Game With Charging Facilities
 
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 (Post 20412565)
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 (Post 20412569)
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...

http://image.motortrend.com/f/ofthey...-s-front-1.jpg

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

http://images.thecarconnection.com/m...00389104_m.jpg

dyna mo 03-07-2015 08:52 AM

Quote:

Originally Posted by crockett (Post 20412572)
I may be wrong of course...but Im' pretty sure this...

http://image.motortrend.com/f/ofthey...-s-front-1.jpg

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

http://images.thecarconnection.com/m...00389104_m.jpg

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 :1orglaugh

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 (Post 20412588)
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 (Post 20413132)
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 (Post 20413159)
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 (Post 20413016)
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 (Post 20413167)
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 (Post 20412569)
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 (Post 20412569)
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 (Post 20412588)
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 (Post 20412711)
evil (exxon) + good (electric). Now MP must be torn - to hate or to love :1orglaugh

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 ********** (Post 20413191)
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 ********** (Post 20413202)
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! :1orglaugh


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