MagicMuffinman Profile picture
Aug 7, 2022 6 tweets 3 min read Read on X
Some thoughts on BEV and coal

How much electricity does the avg BEV consume?

Avg mileage is 12785mi/year at 0,346kWh/mi

Thats 4880kWh/year per BEV (incl 10% charging loss)

Lets look at the energy mix

(1/5)
21,8% of US electricity is generated from coal

Thats 1063kWh per BEV per year additional demand from coal

Coal plants need 1191 pounds of coal per BEV per year to generate that (0,6tons)

But how many BEV will there be?
(2/5)
Mr Biden wants to have >50% BEV of all cars sold by 2030
Lately 15m cars were sold per year in the US
So the target is 7,5m additional BEV per year by 2030
That would add 4,5m tons of coal demand per year at current share in the mix
(3/5)
Avg lifeycle of a car is >12 years

We can expect that the additional load on the grid of these BEV will add up until 2030 esp since there are currently very few EV on the roads
If we assume linear growth from lately 600k to 7,5m/y we may assume to add 27,6m BEV until 2030
(4/5)
These 27,6m BEV would need 16,6m tons of coal a year to get charged

Can renewables be ramped up fast enough to not only serve the rising demand but also decrease the share of coal?
I didnt even look at hybrid cars or electric house heating...
Or might coal stay for longer?

END
See previous tweets
BEV demand for coal
$BTU
#CoalTwitter
Seems like $arch doesnt want to be around when this comes to fruition

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More from @MuffinmanMagic

Mar 23, 2023
Samsung is reporting a loss on its memory chip business for the first time since 2008
Note the absolute lack of capex discipline plus unwillingness?
It remembered me of 2008 and it triggered me to see how $nvda did back then
1/4 🧵
techspot.com/news/97797-sam…
So what was happening 2008ff?
Semi market was flip flopping from glut to shortage back to glut as demand was hit by banks tightening lending standards due to gfc
Sounds familiar?
So how did $nvda do back then?
2/4

ft.com/content/53e622…
Well just like samsung they had their only losses within the last 15 years

Lets have a look at various valuation metrics in this context
3/4
Read 5 tweets
Jan 1, 2023
There has been alot discussions on Santa rally and January effect

So what does a Muffin do on a hangover Jan 1st morning ?
Statistics!
Yeay!

Have a look on that stat. Since 1999 in 5/5 cases whenever Santa rally was red January was red too

1/5

Also there is this seasonality chart for Bear markets since 1965 which does not favor any kind of January effect

2/5
This selection of charts also shows there have been various bearmarkets with further sell offs in January

Further contradicting the January effect narrative

3/5

Read 6 tweets
Dec 15, 2022
The german federal network agency today released its latest report regarding gas supply

Two indicators are now in the cricital range:
Temperature forecast
Gas consumption

Gas consumption was -5% compared to previous years, needs to be -20% to meet targets
1/3 Image
Temperature in CW49 was 2,7°C below previous years avg and further forecast is also too cold to meet targets

Gas storage is currently drained >1% per day, which is faster then required to make it through winter

As predicted germany relies on the return of mild weather to
2/3 Image
Storages are currently still filled to 91%

Acc. to the head of the agency Germany can take 1-3 more exceptionally cold weeks like this without problems but not more

rnd.de/politik/gasspe…
3/3
@chigrl @FinanceLancelot @PauloMacro @DoombergT @zerohedge @fkronawitter1 @PriapusIQ Image
Read 4 tweets
Dec 8, 2022
Schlumberger overall confirms PANR modeling of lateral flow rates derisking commerciality COS for those projects

3/4
The blockage has been cleared mostly as the CTU wasnt the ideal equipment for the job but the only one that was available

Flow test commenced with encouraging early results

3/4
Here are some quotes from management

The second rig winter operation will be decided as soon as A#2 results allow to make an informed decision

END

@contrarian8888 @Scot126126 @diegodoesdo @8750Capital @U308Andy @KennardKrazies
Read 4 tweets
Dec 5, 2022
Josh Young wrote an article about his favorite company $panr on SeekingAlpha

His thesis is, that the price paid at the latest lease sale auction is a metric to valuate the whole company

His conclusion is that $PANR is massively overvalued

A🧵1/6

Claim 1
Josh claims the market value of the leases was determined in the lease auction

Fact is that those auctions regularly attract just one bidder per lease, see quotes
-> there is no market

One could claim that means those leases are worthless so they dont get bid
2/6
In which case one would claim that Hilcorp, Oil search & Santos dont know what the F they are doing

Only 2/63 leases had more then one bid
Average price was 37$ which were among the highest avg prices in history for ANS

The Prices paid by Panr exactly equaled Hilcorps bids
3/6
Read 6 tweets
Nov 14, 2022
I took a look at the last times $PANR was getting beat down
1) The April 2021 operational update
In reaction to the release the stock dropped 44%
It took 49 trading sessions and a resource upgrade to recover
The bottom was in on the day of the release
2) The Peel Hunt note
After the release the stock dropped 34% and it took 56 trading sessions to recover (6 days after material operational update)
The bottom was in 39 days after the release
3) The Muddy Waters/ F Perring/ A Stahel/ Josh bros short campaign
The stock dropped max 24% on the announcement that MW is short and a ST article

Since the previous recoveries have been event driven we have to wait and see how upcoming catalysts influence the SP
Those are:
Read 4 tweets

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