ExxonMobil is TERRIFIED of Tesla (Collapse is Coming)
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- Опубликовано: 11 сен 2024
- In recent years, the automotive industry has undergone a significant transformation with the rise of electric vehicles as a disruptive force. Tesla, led by Elon Musk, has challenged traditional automakers, urging adaptation to a shifting landscape. Yet, Tesla's influence extends further, as it sets its sights on the formidable fossil fuel giants-big oil companies. Oil majors like Exxon face an unsettling realization: their core business is at risk. As EV adoption grows, the forecast for oil demand may experience delays. Exxon's engagement with Tesla, Ford, and lithium supply discussions reflects a quest for profits amid evolving trends. However, the lithium industry might not significantly shift the needle for Exxon. To ensure future relevance, Exxon should consider Tesla's Master Plan Part 3, which envisions sweeping fossil fuels out of the global economy. Exxon's opportunities lie in areas such as electrifying industrial processes and developing heat pumps. These initiatives, aligned with Tesla's broader mission, could provide Exxon with a pivotal role in the transition to sustainable energy. #Tesla #ElonMusk #exxonmobil
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Exxon is an organisation optimised for a purpose. When that purpose is no longer of value the organisation is best just dissolved. A lithium business should most likely be organised differently, have different assets and different skills. The residual value should be handed back to the owners.
Exxon can do both. Yet as a refiner it is their Business. Already .. they need to stay significant to survive before they imagine being the giant. Mine and refine better than anyone and earn a big place
Downsizing costs and operations for Exxon can maintain cashflow for years to come and moving into a different chemical Buisness for the electric future is a strong foothold if they decide to dominate
Electrifying high temp industrial chemical processes as mentioned is an excellent example
@@BjorckBengtthey are not going to hand back to owners what most don’t want and can trade away any time
Norway makes the majority of income from fossil fuels but they are the biggest Tesla owners leading the entire world in the ev transition
Interesting
They aren't leading nothing! They still use and sell tons of oil and gas to build roads! Hydroelectric energy, make those millions oil byproducts.....
“Don’t get high off your own supply” … that’s drug dealer 101.
If Exxon wants to think of itself as a chemicals company, there are tons of $$$ available if they could develop improvements to battery chemistry - which they can patent and sell the products. If they want to be an energy company, they could develop and build all kinds of green-energy projects. Their expertise in drilling could be leveraged to exploit geothermal energy. Another one - they have plenty of knowledge about pipelines - so why not build giant desalinization plants off the California coast, and supply water for irrigation through pipelines they could build? California is always fighting drought and water shortages.
Profound suggestion. To think big oil could be the saviours. Industrial c02 is immense. Lol at Tesla’s Master Plan part 3 being a pathway out for big oil in the same way that master plan part 1 was for legacy ice OEMs
Nonsense!!!!!! What a joke! Your tesla is literally 40% made from oil just like the tires, the roads, the grid and infrastructures it relies on literally everything on earth has an oil product in it or was made possible because of it!
Everything from iron ore to aluminum to Cooper to lithium to electricity to charging stations are all possible because of oil and ICE! let's not forget internet too! musk burns tons of fossil fuels to launch rockets..... Agriculture, aviation, maritime, railway..... I don't see any battery powered rocket ever happening.
IF they take notice and do the RIGHT thing soon enough.
😂 As usual, a lot of big oil supporting commenters are quick to point out that their bosses have a glowing future ahead because there are still a lot of fish in the oceans which still need to be strangled with plastic. 😂😂 Go Greta!
It's pretty clear... they need to transform themselves and align with the future needs of mankind. The profits will follow. SoCalFreddy
They should purchase# aqms or # licy ev recycling
exxon needs to start building nuclear power plants.
One of the most expensive forms of electricity.
3 times the cost of offshore Wind.
.
At least double (probably 4x) the construction time.
.
Producing energy at well over double the "strike price".
.....
The cost would allow at least double the Wind energy to be provided WITH storage, for less money.
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Time increases the Nuclear legacy carbon footprint to a point where it can't be recovered.
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Renewable energy can be ramped incrementally as each unit comes on line.
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It also means a MUCH longer return on investment for nuclear, not exactly attractive for private investment?
.
Single point of failure? (Ask France)
.
End of project cleanup?
.
Etc.
.
Existing Nuclear? Yes.
New Nuclear? No
.
Should be renamed "Unclear"
Electrical energy can be generated from the sun, wind, and the ocean. How much land would be needed to grow bio-fuels?
Exxon needs to developer a sulphur battery. They have lots of the stuff laying around.
They should shift their drilling resources toward geothermal
❤ Great video! yes they should invest lithium but the first company to build a efficient heat pump for HVAC will be in business for a long time.
Like Tesla have already done.
Yeah everything including mining and parts from the HVAC also made from oil.....
The number of companies making efficient home hvac heat pumps is vast. It is about making them cheap. Tesla is right there is a lot of benefits to switching to heat pumps. But the cost benefit isn't there for most hvac residential buyers. Traditional systems are significantly cheaper. I suspect that the US needs federal rules to encourage better pricing for heat pumps.
@@charlesstevensEnki I think the point was home and commercial HVAC. Tesla has not entered that field. Musk claimed they were too busy, but instead, he bought a social media company.
@@michelangelobuonarroti916 You're right Tesla hasn't entered residential HVAC yet. Keyword is yet.
Prudent diversification is profitable for expanding market share. Pilot programs are the test for viable endeavors. If lithium is a byproduct of oil or coal processing, then why not be a competitive supplier?
Heat Pumps should be Mandatory in new homes and in replacement of equipment 🛑
I'd have to check, but I think in the UK they will be soon.
Yes, no question there is a lot of greenwashing. Geothermal will help generate clean heavy power, but modular nuclear can also do that cleanly too. Have to generate base load for all those electric cars. Carbon capture technology is more than greenwashing and if we use Mother Nature’s Carbon capture on a large scale in agriculture and to produce Calcium Carbonate construction materials along with integrating existing technologies like low speed drag wind turbine blades with solar installations with stationery power batteries from Japan and burning natural gas cleanly with Mother Nature’s Carbon capture for treating exhaust gases, you have the start of a transition to a low Carbon economy. Now how do we get everyone to integrate energy technology for a transition? Maybe shortages and costs of diesel will force an energy transition.
These fossil fuel beneficiaries, if they have the vision and leadership to pivot, then yes they can transition to a profitable future. If not they all go defunct
Good observation. The problem comes after "if".
Lol!!!!! You mean what!? Your EV! Renewable, everything EVs depends..... EVs are a massive beneficiary of fossil fuels.
Literally everything from raw materials to the millions of byproducts from oil to literally everything that ice and oil have built over the decades! What have EVs ever done to this world!? Nothing! The grid! Hydroelectric power, even renewable have been installed and by oil and ICE! even to ship those tesla to foreign countries it's with oil! The rockets from musk also burns tons of the same oil.
@@alanmay7929You are correct just like fossil fuel industries are significant beneficiaries of government subsidies.
@@charlesstevensEnki
Alan is in "self justification mode"
Imagine Shell has ousted the board members that wanted the company to focus more on alternative energy
Ow wait they actually did ousted them!🎉
You have literally no mate! She'll has already been investing into renewable for years now and their oil is still massively used to even install and maintain the renewable including literally everything you use daily even what you eat! Your internet.... All is because of oil and ICE!
Like VW ousted pro-EV Diess
You underestimate - Tesla can tackle these other markets as they have a culture of innovation baked into their DNA. Most other companies do not and are optimised to maximise profit for minimal risk. Exxon isn't that and it must be terrifying to now go head to head with Tesla.
Nonsense!!!! Wtf are you talking about!? If they really wanted to take a single industry including oil companies they shouldn't have used any single oil byproducts to make their cars and also no tires! No driving on roads and using infrastructure built by oil and ICE! Even the grid and power stations and even renewable are all made possible by ICE and oil
great stuff
What happened to Sodium battery?
I’m trying to think which ,if any, companies in our past made major game shifts to keep with the times ?
John Deere. Started out making horse-drawn implements in the 1800s.
Apple. Started out making PCs.
"Every dog has its day"
I thought lithium was to be replaced by Sodium in batteries ?
Sodium
(From my understanding)
Good Wh/ kg (light)
.
Bad Wh/ litre. (BIG)
.
So, it's good for industrial storage where "size doesn't matter".
.
Not so good for vehicles where there's a finite volume to fit the pack.
.
Public transport could work.
Known daily route, within a typical range. Less space restriction (a bus is big)
.
Industrial equipment.
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Shorter range trucking.
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What Sodium CAN do (eventually) is replace the high density (Nickel?) cells currently in these industrial storage applications, allowing those to be recycled (at much less cost than new material) and remanufactured into new cells for the "must have high density" applications.
Some good ideas from Tesla, but I think Exxon Mobile needs to push geothermal for added electricity for big industrial heat and utilize one of its core competencies in drilling wells. There are ways to turn huge quantities of sargassum sea weed into biofuels and fertilizer/soil amendments to ramp algae research. Plus Exxon just bought CO2 pipeline business for $4 Billion. In addition fuels will be burned even more efficiently and Direct Air Carbon capture from power plants and remineralization will be huge businesses for Exxon’s CO2 capture business. Going to be interesting if other metals for EV’s and huge recharging costs and limited ranges of EV’s over time can be resolved. Lots of buyers remorse with EV’s with range limits, charging costs, safety and battery replacement costs.
Carbon capture is a Greenwashing diversion.
Biofuel takes a huge amount of energy.
Drilling for heat? Possibly
Maybe they should use their expertise to build and install Wind turbine pylons in collaboration with Rig builders..... Then rake in the money from the turbines.
Poacher turned gamekeeper.
Reinvest in Society, People,, not just bUsiness...
Interesting thesis. Exxon should do what you suggest.
They can do multiple ideas with the money they have.
Exxon should just buy an existing EV company.
Exxon Mobil will be around a long time. We are in a transition phase. You’re going to have to get hundreds of millions of ICE cars and trucks off the road before BEV is the majority transportation vehicle.
Why do you think Autonomy is top of the list?
You replace the global fleet, but while replacing it you also REDUCE the fleet.
.
1 Autonomous vehicle replacing 5 (more?) cars turns 1.2 billion into 240 million.
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Even at the Tesla lone target of 20 million per year that's "only" 12 years.
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FSD is a "force multiplier"
TMIO, you speak with such conviction, much of it wishful. The lifeblood of humanity is diesel as it powers the heavy machinery used for construction. Mineral mining for EV batteries is also largely fueled by diesel powered heavy machinery. Also without heavy oil there will be no asphalt roads to drive Teslas on. Viva hydrocarbons.
The same old "but diesel" mantra?
You mine for "EV batteries" once.
Then the material stays in the system.
.
It takes LESS mining.
Check "master plan 3" (I know you haven't, and won't, but it's all there)
Tesla fan here, but not an owner.
That being said big oil is entirely safe for several decades.
It's going to be a diminishing return over those decades until it dies completely
Unfortunately,those decades were last century. Have you looked at the weather lately? People dying all over the world in unprecedented extreme weather events.😮
@@malcolmrickarby2313 You have been really been sucked in by the Media, who needs a disaster to generate an audience. Have you noticed that no sooner one disaster is over that another one always comes along.
Wildfires are being started by humans, Greece has suffered badly with them, as well as some Mediterranean countries and in every case it was arsonists starting the fires, the Greek authorities have admitted it.
I'm more concerned about the millions of people that die every year from pollution but the media wont tell you about them.
EV cars are such a tiny fraction of the oil market as to be close to a rounding error. I think you are confusing Covid/inflation/de-globalisation/oil wars as if the reduction in demand for oil was EV driven. Exxon knows that the EV party is already at scaling limits with maybe 5% global new demand, ignoring the existing fleet of light vehicles. Then we have diesel and bunker fuel users that have had the lightest touch by EV adoption. Also with separation of the oil market Exxon is on the US fleet protection side of the tanker business?
Biofuel is fools gold
Yep
ReInvest or Die! Like a Dinosaur
Exxon is getting into mining lithium.
Sounds prudent to me; not exactly “terrified”.
It's both. They are only dipping a toe into lithium.
Who said "mining"?
I believe there's lithium in oil.... Wait for the justification of "we need to drill the oil to get the Lithium"
Great ❤
These oil are too addicted to government subsidies. Send them to rehap.
great video! I am curious as to why fossil fuel usage is expected to rise over the next ten years?
need for electricity creation
is still being met
with fossil fuels
it is the great conflicted
reality … of the EV TRANSPORTATION REVOLUTION
you have posed interesting ideas but nothing about how Exon should use its great fossil fuel wealth and political lobbying power to create cleaner safer nuclear power … creating cleaner safe electricity
and battery storage systems to compete with tesla 😮… if they wish to be seen as the ESG DARLING THEY seem to CONTINUE TO “CHOSE TO only POSTURE THEMSELVES TO BE”.
there is an interesting capitalist formula that haunts Ford today…
we could admit and fix the safety issues with the financially successful Pinto automobiles … at HUGE IMMEDIATE EXPENSE…
or we could continue to let people die in fiery EXPLOSIONS IN MINOR ACCIDENTS … and just pay many less millions of dollars in lawsuit settlements….
FORDS BEAN COUNTERS
SAID … the lawsuit settlements was the less expensive… even if morally corrupt … MATHEMATICALLY CORRECT alternative !
and that is what they chose to do and did!
I don’t think EXXON THINKS LIKE TESLA…
about the long term best interest of the planet or the environment/
The share holders quarterly interests on returns ALWAYS COME FIRST!
Access to energy in developing countries which are also growing in population
Oil companies made so much money for decades and didn't do any research in hydrogen or other things. The world is now changing leaving them out of the future.
Nonsense comment
@@alanmay7929 oil will not go on forever
@alanmay7929 they have pumps everywhere. They have heavy trucks to distribute liquid energy. They could have found another liquid and put it in those pumps in the future. Something to use because solar and wind are weather dependant. Yet just use lobbyists to bribe congressmen instead of thinking of the future for the world and for their future.
1:21 188 a share doesn’t look very “instant”
Exxon can make fossil fuel based fire suppression chemicals for EV vehicle fires!
They need to concentrate bon the fossil fuel fires.
FAR more prevalent.
Remember all the "energy density of fossil fuel" FUD that was presented as a "positive"? Well, that's the biggest downside of fossil fuel...... It go BOOM! (DUH)
Thaaaat's nice boomer.
Plastics are made out of oil. Tesla uses a lot of plastics. So I don’t see oil disappearing. Just changing the way it’s used
A tesla is about 40% made from oil! It uses tires! It drives on roads and Infrastructures made from oil with ice! It uses electricity that was made and transported by the grid built and maintained by ICE and oil.....
It’s about growth which how stocks are valued.
An electric car has the same or more plastic so it will not effect future demand. Once the car is made it will not consume oil while an ICE car will consume oil for the next 20 years.
Plastic is a durable good while gasoline is a consumable. Every electric car is 1 less machine that consume oil for the next 20 years.
@@samuelwilliams7331 lol!!!! Very funny! Those EVs totally useless will not even participate to agriculture! Infrastructure and many other stuffs let alone the army which are huge fuel users! Let's not even talk about emergency situations! Rescue!!!!
@@samuelwilliams7331 ICE are significantly way more usable even the super old ones are still in use and with things like biodiesels..... From waste it's no brainer!
Well... "NOT BURNING STUFF" is a great start?
.
I'm sure all the Biofuel fans would be up for the Hydrocarbons produced to be used in plastics instead of being burned?
Maybe even a concerted effort to REUSE the plastic we throw away would help?
What a load of BS.
Oil companies are government entities. The government will just increase taxes on electric vehicles and self driving cars.
The governments pay people to buy electric and you're saying they're gonna 180 and tax them excessively? Doesn't make much sense IMO.
No its the other way round, governements will increase taxes on dirty and wasteful stuff more and more, to make incentives for driving clean possible. Taxes on fossil fuels and gas cars will increase the coming years.
Of course at some point the incentives will be wind down when driving electric has become a normal thing, and electric cars have become cheaper than comparable gas cars.. then taxes will be a thing for electric cars as well, but this may take 5-10 years I think. But electricity will be so cheap (1-2 cent per Kwh to produce) even when taxed 100% it still is really cheap! Because electricity will get so cheap taxing electricity is the way for governments to generate tax income, also the demand for electricity will increase 20-30% or so, maybe even more, but when it can be produced so cheap with all renewable by wind and solar plus batteries even with high taxes it still is way cheaper than today but at the same time will make governments huge amounts of tax money, because there so much of it.
In the USA, electricity usage is about 12.000Kwh/year per capita, with 30% increase in energy usage due to electrification of everything, that is about 16.000Kwh per year. with a population of about 350 Million by 2030, the US will need about 5.600.000.000.000 Kwh per year, with just 2 cents tax per Kwh (=100% tax), that is 112 BILLION in tax income on electricity tax only. But, again, this may take a few years before this happens.
The worry about symptoms and disregard the root cause is now a genetic human condition and legacy’s reaction to electrification is similar. Crude has ran in their veins so long, all they have the capability of is focusing on maintaining the status quo and completely paralyzed to the future. There is too much of the dark side in them to be turned. They are a stage 4 cancer patient and the only course of action is hospice.
Tesla is approaching a two decade head start on the Godzilla-ish nepotism ensconced in big oil and in their terms they are behind by a lifetime. I crave the extinction of dinosaur juice and all its accompanying problems. Legacy doesn’t deserve to survive this transition and my feeling of rage and contempt and want for their destruction geysers forth every time I lift a pump handle.
Joke here is without companies like Exxon, you couldn't build a single Tesla vehicle
The concern isn't using oil and gas to make products. The concern is burning oil and gas, releasing CO2 into the atmosphere. Oil products will continue to be made long after we transition to alternative energies.
@@billweberx Dude, you could confiscate every car on the planet and you'd still be screwed because all of you did was offset the co2 emission of 29 of the 102,899 cargo ships that are using heavy fuel oil
@@linusa2996 More BS. "Motor vehicles accounted for 83 percent of CO2 emissions from transportation in 2019. Personal vehicles and commercial trucks (the predominant forms of passenger and freight transportation) averaged more CO2 emissions per passenger-mile or ton-mile than most other modes of transportation."
www.cbo.gov/publication/58861#:~:text=Motor%20vehicles%20accounted%20for%2083,most%20other%20modes%20of%20transportation.
@@linusa2996
You know that Ocean and Air transport each account for approximately 3-4% of carbon emissions?
@@rogerstarkey5390 That you can measure while at port where they use a less polluting fuel oil. Per international agreement, theses ships use a different mixture once they are 5 miles out and they run non stop until they reach their destination
🤣🤣🤣
I love Teslas, and it will be my next car, but it will be decades, many, many decades before we ever get rid of fossil fuels.
Unfortunately, Tesla is the only company that has been successful with electric cars.
No other car company has come close in terms of technology and volume of sales.
Even if no gas cars existed right now, we would still be using a vast amount of oil.
It is not just what we drive.
It’s in everything we use…
From your shoes, to your toothbrush, to your television...
Almost everything uses the oils that are found in fossil fuels.
And there are many countries in the third world, which will not give up fossil fuel, and should not have to give them to move to the modern world.
This is not so much a decade old crusade, but one that could last closer to a century.
This is not being negative, this is simply being realistic.
Electricity is the future, but a wholly electric one is not the near future…
And our future will likely never be fully electric, but that’s OK, because there are many alternatives we will have in the future from hydrogen, natural gas, nuclear and for a good while fossil fuels.
Unfortunately, probably true but the world needs leadership to move towards sustainability. Norway whose population buys 80%+ EVs and the state of California, who will move to 100% energy sustainability by 2045, come to mind.
Another person incapable of understanding exponential change.
"No other car company has come close in terms of technology and volume of sales."
Wrong. BYD sold 616,810 BEVs in the first half of this year. Tesla sold 889,015 BEVs. BYD is close to Tesla and gaining on them. They increased by 91% over last year to Tesla's 57%. So, BYD is catching up fast.
@@billweberx , yet BYD sells a mixture of hybrid and electric cars that are only partially integrated, connected and are not imported to the U.S. Their largest seller is a no frills box for approximately $4000 that would not meet safety standards in most countries.
@@shepherdsknoll Yes, they sell hybrids, but I reported numbers only for the BEVs. They do not sell a $4000 car. They're lowest price model is the Seagull at $10,200. Their highest selling model is the BYD Song at $27,500. You managed to get everything wrong.
Why is everyone stuck in the one paradigm,, that it's either Eco Energy or Nothing ?? Why not ALL forms of energy,, flood the world with it and let the best team win. I also DON'T want Gov'ts getting involved , tipping the balance one way or the other.
It’s now too late to wait for the market to sort it out! 😮
You don't want governments involved in curbing CO2 emissions? Just trust companies to do that? Wow, naive much?
When your kids' taxes go sky high to pay for flood recoveries, they'll wonder what your generation did about it.
Why?
Because if you say "50%!!!!" It wil take twice as long and result in 25% of the goal being fulfilled.
Ask for 100% in half the time, settle (maybe) for 80%.
The planet should have been fuelled on hydrogen instead of hydrocarbons this last century before electrification…now its too late …and touch and go avoiding climate thermal runaway😐
Hydrogen is not a source of energy, it is a store of energy. You need energy to isolate hydrogen, and you can never end up with more energy in hydrogen than the energy that was used to isolate hydrogen.
The majority of the world population uses less energy each than one American A/C unit. This will continue to change and required energy will grow continuously and exponentially. Countries that do not have the infrastructure to give everyone light bulbs will need huge investment to have any electric cars.
In fact if you do the calculations it turns out that current EVs lifecycle actually use much more energy than the current ICE infrastructure.
But of course this truth is never spoken about.
Clearly don’t know that only 20 to 30 percent of energy in fossil fuels is actually used and most is loss to heat. The electric system is way more efficient.
No,its the end of Tesla!
Dumba**
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