Last week I argued that the main issue with Tesla (NADAQ:TSLA) is that its product – the electric car – is inherently flawed. A number of readers got in contact. What about hybrids and hydrogen fuel cell powered vehicles? It turns out that these technologies are also to be found wanting. "Green" technology is not going to replace hydrocarbons without severe consequences for how we live.
The leading article in the 12 August edition of The Economist was entitled The death of the internal combustion engine. That veteran organ of the mainstream media – the mag that BBC types and much of the UK civil service read in order to confirm their prejudices – opined that the end is in sight for the machine that changed the world. The Economist thinks that advances in battery technology mean that electric cars will overtake those powered by the internal combustion engine (ICE) very soon.
by Victor Hill| Equities|1 mins. to read Total military expenditure as a percentage of global GDP has been in steady decline over the last 60 years or so. It fell from just over 6 percent in 1960 to 2.225 percent in 2016. That could be about to change.
by Robert Stephens| Equities|2 mins. to read Defensive stocks such as utility companies could become more popular over the medium term. Instability in North Korea may escalate in the coming months, and this may create an increasingly risk-off attitude among investors.
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