Forum Discussion
LindsayRichards
Apr 26, 2013Explorer
Fracking is changing entire equation. It also putting the product nearer to the end users. Oil is refined into many things other than gasoline. I'd love to see us go to CNG for transportation fuel and that is starting to happen in a big way. Gasoline usage will go back up if pricing goes back down.
I might point out that in Fisker's bankruptcy dealings, it has come out that they spent $623,000 for each of their Karma plug in hybrids sold that went for $104,000, which is a loss of over $500,000 each. Attempts to make it up in volume have failed as they have not made on since July and have laid of 80% of their employees. Both Chinese investor companies have dropped out and no bidders are left. US taxpayers are left once again on the hook. Bad news is that teen heart throb has wrecked his.
I might point out that in Fisker's bankruptcy dealings, it has come out that they spent $623,000 for each of their Karma plug in hybrids sold that went for $104,000, which is a loss of over $500,000 each. Attempts to make it up in volume have failed as they have not made on since July and have laid of 80% of their employees. Both Chinese investor companies have dropped out and no bidders are left. US taxpayers are left once again on the hook. Bad news is that teen heart throb has wrecked his.
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