Within several days of each other, Tesla Motors, makers of the hottest car to hit Hollywood, announced it was scaling back on production and oil prices dipped 50 percent below their recent high.
While the latter sounds like good news, it’s not. Just as is the news that Tesla is floundering.
You see, Tesla makes a great little car that goes from zero to 60 in four seconds and runs 100 percent on electricity, just the product we need to wean ourselves off of Middle Eastern oil. But the tight credit markets are making it tough to grow.
OPEC, which is mostly comprised of Arab nations unfriendly to Israel, saw global movement to conserve energy… permanently. That’s bad for their illegal cartel. So they increased production, causing oil prices to fall. Fall they did to $75 a barrel, down from $150 per barrel a few months ago. That reduces the financial benefits for people using public transportation or buying more expensive hybrid cars.
Now we’ll see consumption go back up, lining the pockets of Saudi Arabia and Iran. Now we’ll see the fattening of the pocket books of terrorist organization who want to annihilate Israel.
Without any comprehensive energy policy that would have benefited Tesla, alternative energy investments won’t pay off. That’s exactly what OPEC wants – just when the U.S. begins to look at replacing oil, they lure us away with cheap gas, making wind, solar and hybrid too expensive. Even U.S.-based oil supplies won’t be viable at lower prices.
Once again OPEC and the Arab world outsmart America.
