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When economies of scale don't work: could OPEC model lead lithium producers to keep prices high?

If there's one repeated refrain we hear about the high price of advanced lithium batteries that are needed for the mass adoption of pure electric cars, it's that economies of scale will one day make the packs reasonably affordable. This seems a likely scenario, but is it inevitable? A paragraph in a recent column by Jerry Flint in Forbes caught my eye. He writes: There's the legend that with mass production the cost will go down. Maybe, but that's bunk when it comes to certain materials. Take oil. Production is way up from the old days, and ... Read more →

Oil prices continue to rise as Saudis target $80 per barrel, could climb from there Sam Abuelsamid

As summertime approaches, so do rising fuel prices. This time around, the price hikes are tied to rising world oil prices. When gas prices dropped from peaks of over $4 per gallon last summer to ...

OPEC doing its part for economy, urges U.S. to do same Domenick Yoney

After a meeting which saw a decision by the Organization of Petroleum Exporting Countries (OPEC) to leave current production levels in place rather than cutting them to maintain higher prices, a ...

BREAKING: OPEC issues largest-ever cut in oil production Jeremy Korzeniewski

Getting used to cheap gas prices? Experts have been warning that they are not going to last and the Organization of Petroleum Exporting Countries (OPEC) is doing its part to prop 'em back up. Today, ...

Saudi Arabia to begin pumping on Khurais oil field shortly Jeremy Korzeniewski

Saudi Aramco's core area in Dhahran city The world's insatiable demand for petroleum is about to cause more drilling and pumping in Saudi Arabia, as the country is set to begin setting up shop on the ...

OPEC: Oil prices could continue to rise 1 year ago on Autoblog Green

OPEC president Chakib Khelil believes that the already staggering price for a barrel of oil could continue to rise. Citing the low value of the U.S. dollar, Khelil says that investors are likely to continue to place their bets on oil, a necessary commodity. With current prices hovering around $120 ...

Opec sees possible lower oil prices soon 1 year ago on Autoblog Green

Earlier this year when we spoke to Dr. David Cole, one of the risks that he mentioned of relying solely on fuel economy standards as a way to reduce oil consumption was the threat of oil prices dropping. If nothing is done to help create demand for more efficient vehicles, lower oil prices could ...

OPEC looking at how weak dollar affects the cartel's profits 2 years ago on Autoblog Green

Well, this bit of news will probably leave some people feeling shaken, not stirred. OPEC has announced that the group has set up a committee to look into how the weak U.S. dollar is affecting the cartel's earnings and to figure out if trading oil using a "currency basket" (a concept I just learned ...

Latest View from The Nation: Sobering 2 years ago on Autoblog Green

Recently, I have found myself driving in stop/go/crawl traffic at least 4 days a week. Of course, this now-frequent activity coincides with the current 40 cent hike in gas prices we are suffering thru right now. My 8-year old ride drinks heavily in this style of driving and I don't like spending so ...

Bush tells Congress how to write an energy bill 2 years ago on Autoblog Green

Bush sent a letter telling Congress what changes they can make to the energy bill so he does not veto it. Allan Hubbard wrote the letter that the White House sent to Congressional leaders (Nancy Pelosi, Harry Reid, Mitch McConnell and John Boehner) with a list of "deal-makers and deal-breakers." The ...

Happy weekend thought: gas prices still on the up 2 years ago on Autoblog Green

Maybe you figured this out when you filled up the car. Maybe when you drove by the pump. Maybe from websites like GasPriceWatch. However the news gets around, the reality is that gas prices are still climbing. According to the aforementioned GasPriceWatch, average prices at the pump today are two ...

High oil prices not going away in 2007 2 years ago on Autoblog Green

The record oil prices, peaking at US$79.45 a barrel, that were seen in 2006 are not expected to be repeated in the coming year but prices will remain high though 2007, Drive.com.au reports. The price will still be high enough though to annoy motorists and bring in fat profits for the oil companies. ...

OPEC production cuts send a message to the oil market 3 years ago on Autoblog Green

With all the talk and rumors over the last month, we expected to see OPEC cut oil production by 1 million barrels per day. However, according to Reuters, Friday's announcement of the deeper than expected cut of 1.2 million barrels seemed to send an intended message to buyers on the oil market: if ...

OPEC cuts output, OPEC doesn't cut output. Rumors abound, oil prices on the rise 3 years ago on Autoblog Green

This'll teach me to stare at news feeds all morning. At 7:39 AM EDT, the Dow Jones Newswire reported that the Organization for Petroleum Exporting Countries agreed to cut oil production by 1 million barrels per day (about 3 percent). As a result, early electronic trading saw the price of crude oil ...

Cheap oil means cheaper gas means fewer green cars? 3 years ago on Autoblog Green

It might be the auto and energy question of the decade: what effect do gas prices have on green car habits and green car technology? Automakers are investing billions in gas-free propulsion sources and sales figures show that consumers are more than eager to go along with these advanced powertrains. ...

Saudi oil exec: Don't worry, we have plenty of oil 3 years ago on Autoblog Green

At a conference today in Vienna sponsored by the Organization of Petroleum Exporting Countries, Abdallah S. Jum'ah, president and CEO of the state-owned Saudi Arabian Oil Company (Aramco), proclaimed that the world has only consumed about 18 percent of its total crude oil supply. He said that with a ...

OPEC expected to maintain oil output (for now) 3 years ago on Autoblog Green

The Associated Press reports that despite a $10 drop in the price of a barrel of crude oil since mid-July, the Organization of Petroleum Exporting Countries (OPEC) is expected to maintain its output quota of 28 million barrels per day. However, there is speculation that OPEC is drawing up an action ...

Is OPEC entering the ethanol market? 3 years ago on Autoblog Green

Could OPEC be looking to go green? Or is the cartel warily keeping an eye on a possible competitor? Edmund Daukoru, president of OPEC and also the oil minister of Nigeria, recently met with Petrobras CEO Sergio Gabrielli. Apparently Petrobras, which is owned by Brazil, is looking into importing ...


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