Originally posted by Holden McGroin
Until Mr Ford brought mass production methods to the automobile and brought the price down to what regular folks could afford, horses still ruled personal transportation.
Before the automobile made money sense, it was a rich mans toy.
Why doesn't everyone have a PV roof? Because it costs several thousand per KW to install and it doesn't pay for itself (without gov't subsidy) for a decade or more.
It doesn't make financial sence when electricity costs $0.10/KWhr
Quite so, Holden; Spot on.
IMV, Detroit is once again forced to make serious changes... This Time, to
regain what they had before oil prices started hurting their business.
The Automobile industry drove the Oil industry initially and is in process of doing so again; this time, to drive Oil/Gasoline out of the equation as much as possible.
Necessity is the mother of invention.
In my view, the invention of the production line and creation of a low cost automobile and a middle class who would buy it had to happen in order to capitalize on the staggering potential of profits the automobile represented.
Granted, in this case the priority to drive the creation of Hydrogen fueled vehicles and its attendant and requisite infrastructure is driven partially by capitalism itself but capitalism (Detroit) is driving it.
It is also driven presently by needs of national security and clean air and a renewable energy source to carry us well into the future in addition to the needs of the automobile industry to stop loosing profits due to oil price fluctuation and future predicted oil price increases.
Detroit is seriously PO'ed and wants to regain their profits.
Ford announced a $1 billion dollar loss yesterday and their stock is in the toilet.
The hand writing is on the wall...
In other words… macro-capitalism is presently holding us back to the extent that it is.
IMV, the Hydra, Russia and China are counting on this.
That is why I think many people are not yet envisioning this future; their business and personal paradigms are based on lowest cost/highest profit
at the moment. Lazs is not alone by a huge margin and for understandable reasons.
I am optimistic and have reason to be. The only question is when will it be prioritized high enough to bring out the Henry Fords to do their thing in the near term; far term it is already well well underway.
If the Hydra shut off oil to the US today... right now, the Henry Fords would come to total life... the sleeping giant would come to full life and make this happen ASAP.
I absolutely believe we are witnessing the historic end of the Oil Age.
If Detroit has learned the lessons of IBM vs. Microsoft, Detroit will create and own the fuel infrastructure this time.
TIGERESS