Blog Archives

Lithium Ion Battery Duty Cycles

Friday, August 14th, 2009

Barack Obama, the Science President, is staking the future of America, and especially that of our government car company GM, on the Volt electric car, which uses lithium ion batteries, that can be recharged by a small electric motor if the battery gets low.

A commenter on a news story pointed out that the lithium battery pack will have a life of only 1,000 duty cycles before it must be replaced, which the person believes will cost about $15,000.    If you use your Volt to go to work and back every day and nothing else (2 cycles/day x 5 days/week X 50 weeks),  at the end of 2 years, your batteries will be useless.   They will start to lose range long before they die completely, which means the 40 mpg gasoline engine kicks in, defeating the entire purpose of the electric car.

But 1000 is probably way too optimistic.  

http://batteryuniversity.com/parttwo-34.htm

But lets say that is accurate.   Instead of your 40 mile commute costing $1 in electricity, the cost of using up the batteries adds another $15.00, or in the ballpark of comparison to gasoline an additional $10 per gallon.

GM claims to have “magic” proprietary computer software that will allow the batteries to last 10 years:

http://gm-volt.com/2009/01/23/gm-qa-with-bob-kruse-on-the-chevy-volts-batteries/

(How did they determine that in less than 10 years?)

President Obama makes a big deal that he’s the “Smart” president.  Answer that one, smart guy.

If you get past that issue, Lithium ion batteries are dependent on lithium that is only commercially viable in one mine in the world, lose their ability to deliver current if they get too hot, and are a significant fire and explosion hazard.    There is also currently no technology to recycle lithium ion batteries.

Hurry up and Stop

Friday, August 14th, 2009

Joey Reynolds and his guests were talking about the state of the economy, and while they didn’t necessarily come up with any brilliant solutions, they did do a pretty good job of framing the problem.

President Obama and Tim Geithner are pursuing that the only way to avoid disaster is to take the debt making machinery and push the pedal to floor.  If we just give away enough free stuff, the economy will turn around, real estate and the stock market will bounce back and the increase in economic activity will ultimately take care of the debt.

But the American people (and Joey’s guests) are slamming on the brakes.  We view debt as the problem, not the solution.  All of the rapid change and uncertainty is paralyzing decision making and forcing lots of money into short term investments to tread water – not just individuals but businesses and developers.    But the problem is that if people become frugal and cut spending to the bone, reduce personal debt and save money, the economy slows, unemployment goes up, and the government deficit explodes.  The country is addicted to debt and overconsumption.   Stopping that cycle suddenly could be catastrophic.

Until and unless people think the future is predictable, many people will stay in full defensive made, protecting their future survival.   President Obama needs to slam the brakes on the change machine if there is any chance for the economy to begin to adjust and heal.   The best thing he could do is take a long vacation and stop holding daily media events and give up the “we must do something fast or else” rhetoric.

Bankruptcy Watch – Taylor Bean

Tuesday, August 11th, 2009

http://online.wsj.com/article/SB124949523458308423.html

Taylor Bean ceased all of its Mortgage related activites a few days ago, and will file bankruptcy this week.    FHA pulled the plug on them for undisclosed financial reasons.

Private mortgage lenders can’t compete against Freddie Mac and Fannie Mae with a bottomless pit of free government bailout money.   The same thing will happen to Health Insurance if ObamaCare passes.

Ben Stein “fired” by NY Times

Tuesday, August 11th, 2009

I’m certain this is one of the signs of the End Times.

The NY Times and Alex Jones are on the same side of an issue.   The Times has been really ramping up criticism of Henry Paulson and his connections with Goldman Sachs and the tentacles they have inside the U.S. Treasury, and how they are systematically using those connections to plunder the government coffers.  

Oh sorry, my mistake.   The NY Times just hired Goldman Sachs to find a buyer for the Boston Globe Newspaper as the company thrashes around in its final death throes.   Maybe I was thinking of the Wall Street Journal.

The Lefty bloggers are somewhat divided on the Goldman issue – they hate banks, they hate profit – but they also know Tim Geithner holds the purse to Barack Obama’s spending binge.

According to this story,

http://www.prisonplanet.com/ny-times-reporter-i-was-fired-for-criticizing-obama-goldman-sachs.html

Ben Stein was kicked off the NY Times over his criticism of President Obama, which they deny.   Ben Stein’s editors had previously spiked a column of his asking what the legal authority was for President Obama and his foot soldiers to fire Rick Wagoner from GM, which at the time was not government controlled.  

Ben Stein is now drawing parallels between the Obama administration and Nazi Germany, including one on Glenn Beck’s show.   He also is loudly connecting the dots of Eugenics and the Holocaust.  Sounds pretty “fishy” to me.

I wonder if Ben Stein has the time or interest to do a syndicated radio show….

230 MPG

Tuesday, August 11th, 2009

Todaya is 8/11

The 230 is GM’s preposterous claim that the Volt electric car will get “up to” 230 miles per “gallon”.   If you drop a Volt out of an Air Force cargo plane from 30,000 feet, it will get over 10,000 miles per gallon.

Bankruptcy watch – CIT

Tuesday, August 11th, 2009

It’s back.   CIT staved off bankrupcty for a few months by entering into a horrible deal with its bondholders.   The time’s up.

CIT is down about 20% this morning amid speculation that they will still fall into bankruptcy.

Bankruptcy Watch – American Axle

Wednesday, August 5th, 2009

Story here

As was speculated a few weeks ago, American Axle is close to falling into the bankruptcy Abyss, unless someone rushes in with a basket full of money.  I guess when people buy Toyotas using the Cash for Clunkers money, that doesn’t sell an American Axle.

3/4ths of American Axle’s business is with GM  (the bad GM or the good GM?)

Testing Obama

Tuesday, August 4th, 2009

New York Times is reporting that Russia has had two attack submarines  hovering off the East Coast of the United States. 

An attack submarine is used primarily to attack other vessels – other submarines or surface ships – it isn’t the type used to launch nuclear weapons.

One of the two has now headed toward Cuba.

Unidentified sources “leaked” this to the NY Times.

What was the purpose of the leak, and who is testing whom?

Timmy throws a tantrum

Tuesday, August 4th, 2009

CBS Report

Several reports yesterday that Timmy Geithner is headed for a rubber room. He doesn’t understand why the people charged with enforcing securities law and financial regulation can’t just make up the law as they go along the way he does.

I met Mary Shapiro while working at NASDAQ. I don’t think you’ll find a more level-headed honest competent person who understands the Securities business. Many of the things Geithner has already done would land a lesser man in jail for market manipulation and insider trading – not to mention being a tax cheat. He’s getting on very thin ice.

The world is finally waking up to the Goldman Sachs connections to the events of the past year (and the past century) and Mr Geithner is making himself the point man for the coming showdown.

23 8-11 ?

Tuesday, August 4th, 2009

If you’ve visited a Clear Channel radio station in the last few days, you probably were greeted by a vague ad showing the picture of an electric outlet, and the message 23  8-11.

Pretty odd, huh?

If you click on the ad, you’re taken to the Chevrolet web site.  After waiting about 3 minutes for the site to load, there is nothing on the web site.   The logical subject of the ad is the Chevrolet Volt.   I’ll guess that 8-11 is August 11, the date for some announcement.

23 is either a reference to the price ($23k) or the number of miles the Volt will go before you need to call a tow truck.

Plugin Electric cars sound like a great idea if you’re Ed Begley – you are not constrained by cost, you live in a place that never gets cold, and you are the only one in the city plugging your car into the electric grid.

But let more than a few people start driving plugin electrics, and you’ll start seeing serious problems with shortages in electric power generation and distribution.   Shortages in power will increase the costs for electricity, even for those people who don’t buy a plug-in electric car.

We’re just on the edge of seeing the unintended consequences of plugin electric cars, especially if we remain in idle about building new nuclear power plants.