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Saudis Expand Price War Downstream

Green Car Congress

Saudis have moved into the product business in a big way,” said Fereidun Fesharaki of FGE Energy. The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil. The crude is so cheap it’s pretty much free for them, the margins are going to be massive.

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Who Really Invented the Thumb Drive?

Cars That Think

Computer users badly needed a cheap, high-capacity, reliable, portable storage device. Flash memory became cheap and robust enough for consumer use by 1995. He planned to develop products to license or sell to one or more of the many large multinationals in Singapore. The thumb drive was all that—and more.

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China’s EV brands are coming to bury US automakers—or are they? – Charged EVs

Baua Electric

We EV pundits have been writing about the rise of the Chinese EV industry for years. In recent weeks, the mainstream press has picked up on the story—many articles describe the coming wave of Chinese exports in apocalyptic terms. Of course, the counter-productive long-term effects of such policies aren’t hard to see. “Mr.

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