Exactly who does Joseph Robinette Biden Jr. work for?
Reuters (3/30/23) reports: "U.S. carmaker Ford has joined PT Vale Indonesia and China's Zhejiang Huayou Cobalt's as their new partner in a $4.5 billion nickel processing plant in Indonesia, the companies said on Thursday. The investment is Ford's first in the Southeast Asian country and underscores growing appetite among automakers for raw materials used in producing electric vehicle (EV) batteries, which account for about 40% of a vehicle's sticker price, aiming to cut costs and close the gap on EV market leader Tesla. Volkswagen Europe's biggest automaker, this month said that it would invest 180 billion euros ($196 billion) over five years in areas including battery production and the sourcing of raw materials. Indonesia, which has the world's biggest nickel reserves, has been trying to develop downstream industries for the metal, ultimately aiming to produce batteries and electric vehicles. The proposed high-pressure acid leaching (HPAL) plant will be located in Pomalaa in Southeast Sulawesi, where Vale operates a nickel mine."
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"The standard EV business model envisions owners charging their EVs at the time of the day when the sun is setting and the winds are dying down. That in turn will mean that, as EV usage rapidly expands, power grid operators will have to find ways to permit the building of huge addition dispatchable thermal capacity and nuclear, or invest trillions is expensive back up battery installations, to handle the rising evening load from EV charging."
– David Blackmon,
Energy Transition Absurdities
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