MikeWhitney wrote:
Chuck, I have always had the same thoughts as you ... onboard ICE engines are much more efficient than electric in terms of % of stored energy converted to power. I believe that's a fact.
I was astounded when I read that the operating cost of a plug-in electric car is much lower than the cost per mile of a conventional car. This got me to think less in terms of efficiency and more in terms of the COST of the raw fuel -- cost per Joule or BTU or whatever for coal+nuclear must be so much cheaper than oil based sources to make electricity a win (at today's prices) compared with gasoline.
So it's a matter of global supply and demand (at today's demand) which prices electricity cheaper than gas. Note I say at today's demand. I shudder at the thought of what a nation full of plug-in electric cars would do to our nation's electricity prices.
We better start building a lot of new nuclear power stations. Fast. Or the technology for home-gen power better get mature and cheap very quickly, if millions of people start plugging their cars in at home.
I've always thought it was insane when you see projections (always made by parties with a financial interest) of how a given energy technology will be "cheaper", etc. Take for example the guys pushing compressed natural gas, cng, for cars claiming "it's cheap, we've got plenty of it", etc.
Well, it's only been "cheap" exactly because the supply greatly exceeded the demand in the past. Heck, I've traded in the natural gas futures market since it started in the early 1990's. I can remember when any price over $3 was a rarity only briefly met in a few winters. Then in 2000 we had the whole Enron scandal, etc, and saw prices "everyone" thought were due to cornering the market, etc, when in fact it turned out to be a demand driven step-change, long term, in the NG market. Even after the NG market crashed by more than 50% in the past 3 months just now, it's still at $6 now.
Imagine what would happen to the natural gas market saddled by a massive increase in demand due to cng cars? All the reasons they are making the case for it will be long gone. All of us using NG to heat our homes and water will be left stranded with much higher prices that will never return to levels prior to the cng car introduction (we’ll probably be switching back to electricity, lol).
Hence we're already stressing the NG market due to the past two decades of all the advertising of "how cheap" NG is to use. That cheapness is already dramatically gone compared to "the old days." Now we have a ton of consumers hooked on NG. Nuke power was the devil according to the activists, so NG got the nod to build electric power plants powered off it...along with coal.
I can recall being in my undergrad energy conversion class in Broughton Hall at NC State back in the late 70's when the prof was teaching us about all the various types of coal and how we made power from it, etc. I remember thinking at the time how antiquated this dude was since surely coal was a thing of the past. Here we are 30 years later and our country gets just over 50% of our electric power from coal.

Sigh...
Chuck
P.S. The new Camaro sure is interesting to talk about.
