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Green Car Congress
JULY 28, 2015
The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil. In case of Saudi Arabia, the price of crude oil would be extremely low. The crude is so cheap it’s pretty much free for them, the margins are going to be massive.
Tony Karrer Delicious EVdriven
APRIL 16, 2009
Then Mr. Wang, as he’s known, got into the automobile business by buying a failing state-owned carmaker. Today, BYD employes 130,000 people in 11 factories, either in China and one each in India, Hungary and Rumania. Within a few years, BYD’s batteries were cheaper and just as reliable as those made by industry giants ony and Sanyo.
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