16 karma · joined February 4, 2019
So I think this story sounds incomplete. I do not think it is mutually exclusive to say that the Bosch burner factory is shutting down and that 95% of all new cars sold worldwide are combustion engine powered. German labor is extremely expensive and German taxes are incredibly high. Welcome to the global economy.
I find it much more likely that much like everything else, the Chinese car market wants cars manufactured in China and that those China factories source from Chinese vendors. It's no different than the electronics industry.
- The increase in efficiency is more than offset by the growth in overall car market
- Potential legislation in China? India? Emerging markets? Sorry but nothing suggests that is happening
A more realistic assessment from Shell Oil is that oil demand continues to grow over the next 20 years, a view shared by rival BP and energy consultants like Wood Mackenzie. https://www.forbes.com/sites/daneberhart/2018/09/18/forecast...
Long-term oil demand is expected to increase by 15.8 mb/d, rising from 95.4 mb/d in 2016 to 111.1 mb/d in 2040 https://www.opec.org/opec_web/flipbook/WOO2017/WOO2017/asset... (page 101)
based on what?
absolutely untrue. in the beginning, Amazon was not required to collect sales taxes (in the USA, can't speak to other countries policies) and did not grow into what it has become because it saved people a measly 8-10% off the purchase price.
And yes, IG is huuuuuuuuuge in SK.