Is the soon to be released Tesla all electric sedan worth its price?

The Tesla Model S is now scheduled to be available for delivery in 2012. The advertised price is $50,000. But reading the advertizing literature more closely, this price assumes a $7,500 tax credit. Thus, the price is really $57,500.This price is for the basic battery with a 160 mile range, hardly enough for any serious highway travel. To purchase the car with a 300 mile range battery, the price balloons to $70,000, and this is presumably assuming the $7,500 tax credit as well, making the price actually $77,500.

A potential purchaser should seriously consider any all electric vehicle’s practicality with only limited current public charging stations available. A hybrid with its own internal charging capability can be purchased for about half the price of the 300 mile range Tesla Model S.

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Should the United States risk another Deepwater Horizon oil spill?

On April 20, 2010, an oil and gas leak below Deepwater Horizon caused by human error resulted in an explosion that killed 11 people. Months later, oil was still spewing from the well dumping million s of gallons of oil into the Gulf of Mexico. Are the risks of this type of environmental disaster worth the oil extracted?

By most scientific accounts, a large amount of oil still remains in plumes moving with the currents of the Gulf, and saturating large areas of the ocean floor. The long term effects of the Deepwater Horizon oil spill, the largest in the world’s history, remain unknown.
Is the amount of oil being extracted worth the risk of one, two or several more deepwater drilling disasters and the ensuing damage to the environmental health of the Gulf?

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Oil Prices Skyrocketing

How high will the price of a barrel of oil go by year end?

Oil demand in China, India and other developing countries is once again on the rise. The production of light sweet crude form Libya has ceased because of its civil war. If the war is protracted, as many expect, that country’s much sought after sweet crude may not be available in the foreseeable future. Although Saudi Arabia claims to have stepped its production of oil to fill the void left by Libya, refiners cannot easily process the Saudi lower quality crude into the high quality, low sulfur oil that Libya had been producing.

On April 1, 2011, oil futures reached a two and one half year high with light sweet crude at $107.23 a barrel on the New York Mercantile Exchange and Brent crude reaching $117.71 on London’s ICE Futures Exchange.

Civil unrest in other Arab and North African countries, where much of the world’s oil is produced continues to escalate. Could this unrest threaten oil production in these countries as well?

How high do you think the price of a barrel of oil will go before Year’s end?

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Henry Gorham Author of Secotan Copyright © 2009 Henry Gorham www.henrygorham.com