Tesla made more money last quarter than the entire US oil industry made last year  

Posted by Big Gav in

Electrek has a post comparing the job creation potential of Tesla to that of shrinking oil and gas companies - Tesla made more money last quarter than the entire US oil industry made last year.

While there are nuances to the claim made in this headline, it is technically true since Tesla announced that it turned a profit of $22 million last quarter while the US oil industry managed to lose $67 billion last year due to its inability to stomach lower gas prices, according to the U.S. Energy Information Administration (EIA).

I think it’s something to consider in this new political climate following the election of Donald Trump.

Notwithstanding any potential ulterior motives to favor fossil fuels or the fact that Trump doesn’t believe in man-made climate change, it’s important for the upcoming new Trump administration and GOP-controlled Washington to start looking at Tesla and other upcoming cleantech ventures as important middle-class American job creators and sustainable businesses. ...

When the US oil industry lost $67 billion in 2015, it also slashed close to 100,000 jobs during the same period. All the while, more Americans now work in the solar industry than the extraction of oil, gas, or coal. ...

On the other hand, Tesla has been adding jobs with now over 18,000 employees worldwide and the majority are in the US. At the Fremont factory alone, Tesla employs over 6,000 people and it plans to bring that number up to 9,000 to support its latest expansion plans. The electric automaker is also investing in the Gigafactory in Nevada, where it plans to employ over 6,000 workers.

0 comments

Post a Comment

Statistics

Locations of visitors to this page

blogspot visitor
Stat Counter

Total Pageviews

Ads

Books

Followers

Blog Archive

Labels

australia (614) global warming (415) solar power (388) peak oil (349) renewable energy (282) electric vehicles (238) wind power (190) ocean energy (164) csp (158) geothermal energy (144) solar thermal power (144) smart grids (140) tidal power (137) oil (136) solar pv (132) coal seam gas (131) energy storage (131) nuclear power (127) lng (116) china (115) iraq (113) geothermal power (112) green buildings (110) natural gas (110) agriculture (90) oil price (80) biofuel (78) smart meters (72) wave power (72) uk (68) electricity grid (67) coal (66) energy efficiency (64) google (58) bicycle (51) internet (51) shale gas (49) surveillance (49) big brother (48) food prices (48) thin film solar (42) tesla (41) biomimicry (40) canada (40) scotland (38) ocean power (37) politics (37) shale oil (37) new zealand (35) air transport (34) algae (34) water (34) concentrating solar power (33) arctic ice (32) queensland (32) saudi arabia (32) california (31) credit crunch (31) bioplastic (30) offshore wind power (30) population (30) cogeneration (28) geoengineering (28) batteries (26) drought (26) resource wars (26) woodside (26) bruce sterling (25) censorship (25) cleantech (25) ctl (23) carbon tax (22) economics (22) exxon (22) limits to growth (22) buckminster fuller (21) distributed manufacturing (21) iraq oil law (21) coal to liquids (20) indonesia (20) lithium (20) origin energy (20) brightsource (19) rail transport (19) ultracapacitor (19) santos (18) ausra (17) electric bikes (17) michael klare (17) atlantis (16) cellulosic ethanol (16) collapse (16) iceland (16) mapping (16) ucg (16) bees (15) concentrating solar thermal power (15) ethanol (15) geodynamics (15) lithium ion batteries (15) psychology (15) al gore (14) brazil (14) bucky fuller (14) fertiliser (14) ambient energy (13) biodiesel (13) carbon emissions (13) cities (13) investment (13) kenya (13) matthew simmons (13) public transport (13) biochar (12) chile (12) desertec (12) internet of things (12) otec (12) texas (12) victoria (12) big oil (11) cradle to cradle (11) energy policy (11) hybrid car (11) terra preta (11) tinfoil (11) toyota (11) amory lovins (10) antarctica (10) fabber (10) gazprom (10) goldman sachs (10) gtl (10) severn estuary (10) volt (10) afghanistan (9) alaska (9) biomass (9) carbon trading (9) distributed generation (9) esolar (9) four day week (9) fuel cells (9) jeremy leggett (9) pge (9) sweden (9) arrow energy (8) eroei (8) fish (8) floating offshore wind power (8) guerilla gardening (8) linc energy (8) methane (8) methane hydrates (8) nanosolar (8) natural gas pipelines (8) pentland firth (8) relocalisation (8) saul griffith (8) stirling engine (8) us elections (8) western australia (8) airborne wind turbines (7) bloom energy (7) boeing (7) bolivia (7) chp (7) climategate (7) copenhagen (7) vinod khosla (7) apocaphilia (6) ceramic fuel cells (6) cigs (6) futurism (6) jatropha (6) local currencies (6) nigeria (6) ocean acidification (6) scenario planning (6) somalia (6) t boone pickens (6) space based solar power (5) varanus island (5) garbage (4) global energy grid (4) kevin kelly (4) low temperature geothermal power (4) oled (4) tim flannery (4) v2g (4) club of rome (3) norman borlaug (2) peak oil portfolio (1)