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Electric vehicle news and greentech news updated frequently (latest 3 stars highlighted).
Breaking Electric Vehicle News
DOE highlighted Local Motors 3D car maker today. LM plans to start sales fall, not Strati (3DPrint.com).
Fed’s Yellen sees rate increase sometime 2015 and gradual thereafter over few years (Bloomberg). http://www.federalreserve.gov/newsevents/speech/yellen20150327a.htm
DOE possible $259 million loan (ATVM) to Alcoa. Alcoa would use loan for Tennessee high-strength aluminum for autos, 200 jobs long-term.
European C. (Arias Cañete) looking to “further CO2 standards for vehicles” June 18 meeting Brussels. Renewables & EVs moving world forward.
Simple metric to judge US Congress
Gasoline demand averaged 8.8 mb/day over the last four weeks (EIA, week ending 3-20-15), up .4% yoy. Demand eased slightly from last week.
The bond bubble will likely burst in 2015. President of St. Louis Federal Reserve James Bullard stated on Bloomberg (1-30-15) that he sees unemployment under 5% in Q3. Given the multiple potential problems with the international oil market, it is not difficult to imagine panic in the bond market.
“The last asset I would want to buy is a 30 year government bond.” – Warren Buffett (Fox News interview 2-4-15)
“Solar, wind and EV markets driving extended investment and employment boom. Fed has it wrong.” – Jack Collins 3-18-15
Post Carbon Institute expects global oil production to start declining again in late 2015. The US Dollar’s reserve status will only blunt US inflation in the peak oil era. The bond bubble will burst. Gold and silver will rise.
China will float the Yuan to gain reserve currency status. However, weak oil dependent nations will suffer during peak oil. Eventually, humanity riding electric vehicles powered by greentech will kick its addiction to oil. A rising Yuan will float the currencies of the East. The Euro region will integrate its financial system. The world will be more stable under three major reserve currencies.