It’s interesting that some big oil companies are investing in alternate fuels themselves… Shell and BP have been sponsoring EV challenges (competitions) for several years…
EV manufacturers are hemorrhaging profits. Ford lost $4.7 billion on it’s EV segment last year. Hertz lost so much on EVs that their CEO had to resign.
The Biden regime wants to force us to buy these things, no thanks.
Car companies have the same problem Ford lost 4.5 billion so far no one wants these crappy EVs and the environmental destruction the cause. Plus all they do is make China rich
It’s not really that simple. Big Oil will not explore for more oil and just use what they have, and they will cut back personnel and have much lower overhead, while they transition to clean energy. They will be just fine.
zendog13la 3 months ago
Couldn’t happen to a more deserving bunch of thieves.
ferddo 3 months ago
It’s interesting that some big oil companies are investing in alternate fuels themselves… Shell and BP have been sponsoring EV challenges (competitions) for several years…
DC Swamp 3 months ago
EV manufacturers are hemorrhaging profits. Ford lost $4.7 billion on it’s EV segment last year. Hertz lost so much on EVs that their CEO had to resign.
The Biden regime wants to force us to buy these things, no thanks.
rlaker22j 3 months ago
don’t believe that crab BP got rid of it’s biofuel division shut down the whole thing laid everybody off
aristoclesplato9 3 months ago
Oil is going nowhere. These loons think plastic comes from wood.
wildthing 3 months ago
This explains why the right-wing cartoonists make fun of EV’s!
wildthing 3 months ago
“EV’s……….Unsafe at any Speed of Integration”
VegaAlopex 3 months ago
Ultimately, our energy comes from the sun.
Retrac Premium Member 3 months ago
Maybe horses and buggies would be better for Biden’s EPA.
ShadowMaster 3 months ago
And everyone knows this is the ONLY important thing to the oil oligarchs.
Conservative Man 3 months ago
Car companies have the same problem Ford lost 4.5 billion so far no one wants these crappy EVs and the environmental destruction the cause. Plus all they do is make China rich
rossevrymn 3 months ago
It’s not really that simple. Big Oil will not explore for more oil and just use what they have, and they will cut back personnel and have much lower overhead, while they transition to clean energy. They will be just fine.