Thread regarding Halliburton Co. layoffs

How will Halliburton be able to compete with this?

Covid 19 has given us glimpse of what will happen to Halliburton if oil demand decreases. In the future, it wont be the virus the problem anymore. It will be Tesla,Nikola,VW GM etc. Tesla is currently working on a Million miles battery that will outlast the car. Dont worry guys, Halliburton has ICruise.

Exerpt from Barron's
"Electric vehicles are coming. General Motors (ticker: GM) is partnering with EVgo, adding more than 2,700 fast charging stations over the next five years to “accelerate widespread adoption electric vehicle adoption.”

¿How rapidly the shift happens might be the most important automotive question of the coming decade.

GM, for its part, is very focused on electric-vehicle technology now. Earlier in 2020, the company hosted a battery-technology day, touting technology that allows a vehicle to go 400 miles on one charge. GM works with LG Chem (051910. Korea) on its battery platform.

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Post ID: @OP+16fOLGCq

7 replies (most recent on top)

I am developing a flux capacitor. Can we collaborate and develop a multi-discipline time machine?

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Post ID: @alms+16fOLGCq

Wow. I’m working on a time machine and an anti-gravitational neocrane.

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Post ID: @2tan+16fOLGCq

Here is more info:

https://www.businessinsider.com/promises-carmakers-have-made-about-their-future-electric-vehicles-2020-1

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Post ID: @1hxr+16fOLGCq

So Einstein, where does the electricity come from to charge the batteries? And ‘million mile’ battery won’t keep the car running for a million miles after one charge! If all the vehicles in the US get converted to electric, do you know how much power would be required to sustain them? Hydro and Nuclear power we have won’t cut it.

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Post ID: @fvc+16fOLGCq

Because oil and gas demand has never decreased before. The fundamental equations are still energy returned on energy invested, energy density, charge times, and ease of distribution. Electricity isn't going to be running agriculture or the heavy equipment needed for strip mining anytime soon while oil is just going to get more and more expensive to extract. Halliburton will be a necessary evil even when oil is $1000 per barrel, because the price of every other form of energy will rise too. Solar, Wind, Hydropower and the rest rely on economically viable inputs too.

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Post ID: @uzs+16fOLGCq

Wow, who could have seen that coming?!?

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Post ID: @hdz+16fOLGCq

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