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Saudis Expand Price War Downstream

Green Car Congress

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. Source: [link].

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Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

Here are three reasons why I think BYD will become an important company in the not too distant future. The Shenzhen manufacturing region, where the company is headquartered, is known for cheap unskilled labor, but BYD’s competitive advantage derives from its cheap skilled labor. BYD’s engineering prowess.

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