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Autonomous driving tech faces geopolitical ‘winter’ on road to mainstream – ET Auto

Baua Electric

In the new-age industry many Tier 1 suppliers have repositioned themselves as technology companies, as they and many smaller players are providing some crucial advanced technologies to OEMs to make the vehicles compete better. Then “who is the supplier that can survive in that environment?” says the industry leader cited above. “It’s

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IEA: global map of oil refining and trade to be redrawn over next 5 years

Green Car Congress

Profound shifts in the regional distribution of oil demand and supply growth will redefine the refining industry and transform global oil trade over the next five years, according to the annual Medium-Term Oil Market Report (MTOMR) released by the International Energy Agency (IEA). The oil market is at a crossroads.

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Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

Green Car Congress

The first quote modifies a GEICO commercial describing a free-range chicken (If you’re a free range chicken, you roam free, that’s what you do), the second, the famous John Maynard Keynes quote about markets (The market can stay irrational longer than you can stay solvent), the third, another famous Keynes quote (In the long run, we’re all dead).

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Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

Green Car Congress

A combined $19 billion in write-downs was recorded in the last week of October as the oil industry reported third quarter earnings. Spending on deepwater exploration is expected to be cut 20 to 25 percent industry-wide, according to Barclays, substantially higher than the 3 to 8 percent cut for exploration on all varieties of fields.

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Opinion: The Shale Delusion: Why The Party’s Over For US Tight Oil

Green Car Congress

IEA ended its September Oil Monthly Report saying,“On the face of it, the Saudi-led OPEC strategy to defend market share regardless of price appears to be having the intended effect of driving out costly, “inefficient” production.”. Until market fundamentals of supply and demand come into balance, prices will remain low. Conclusions.

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