What booms, must ultimately bust: How the boom/bust oil cycle works
Today we’re going to take a look at the boom/bust cycle infamous within the oil industry, and how it helps — and then hurts — state economies. Read more →
OPEC has kept oil markets on a roller coaster — and that’s not likely to change
Oil traders hung on OPEC’s every word in 2016, and this year the market could be in for more of the same.
GM’s ready to lose $9,000 a pop and chase the electric car boom
General Motors Co. stands to lose as much as $9,000 on every Chevrolet Bolt that leaves a showroom once the all-electric subcompact starts rolling out. Sounds crazy, but the damage makes perfect business sense under the no pain, no gain policy driving the electric-vehicle boom in the U.S.
Fmr. Shell Oil president on what OPEC deal means for the U.S.
Former Shell Oil President John Hofmeister on the fallout from OPEC to cut crude oil production.
The future of OPEC: it won’t die, but it will become a different animal
Regardless of the outcome of the meeting on 30 November, the future of OPEC looks uncertain. The organisation is facing a perfect storm, squeezed as it is between the revolution in shale oil, which has increased global supply and brought down prices, and the prospect of a global peak demand, and falling costs of alternatives.
OPEC’s last cut shows oil market could get a whole lot messier
Anyone planning to trade the outcome of this week’s OPEC meeting might consider the lessons of the group’s last production cut. Then take a deep breath.
Volkswagen exec: some company strategists project EV cost parity with diesel by 2023–2025
In a conversation at the recent AutoMobility LA event, the Executive Vice President of the NA Engineering and Planning Center, Volkswagen Group of America, Dr Matthias Erb, stated that some strategists at the company were expecting cost parity between battery-electric and diesel vehicles to be reached by 2023–2025, owing to increasingly strict emissions standards.
Volkswagen will build EVs in North America starting in 2021
Volkswagen introduced its new e-Golf at the LA Auto Show last week and today the automaker announced more plans for its electric vehicles in North America. As part of its plan for the next decade, the company wants to “evolve from a niche supplier into a relevant and profitable volume producer.”
New research could make ethanol production more efficient and economic
New research at the Integrated Bioprocessing Research Laboratory (IBRL) on the University of Illinois Urbana-Champaign campus could significantly change ethanol production by lowering operating costs and simplifying the dry grind process.
Volkswagen outlines plans to boost profit, push into electric cars
Volkswagen AG’s namesake brand will make an aggressive push in the U.S. and begin a concerted shift toward electric vehicles as it looks to revive its brand and recharge its bottom line.
