Every time the news is on we hear about the price of oil because this commodity is so entrenched in everyone's lives, whether you drive or not. So many products come out of a barrel of oil or use a component refined from crude oil. The barrel as a measurement tool has been around for hundreds of years as it was easy to transport and measure at the same time. However, … [Read more...]
Are US Manufacturers Heading For A Slump?
I read an interesting article recently that suggested that the US car makers were heading for a slump in sales despite several key factors that would help keep sales up, notably low oil prices and cheap finance. There are also good profits from the Big 3 (GM, Ford & Chrysler) at the moment. Back around 2008/09 car sales in the US had dropped to 10M units per year and as … [Read more...]
The Battle Between Fuel Pricing and Electric Car Sales
Car manufacturers seem to be stuck between a rock and a hard place - they need to sell "classic" powered cars using petrol or diesel and they also need to sell a portion of their vehicles as electric or electric hybrid to satisfy various levels of Government. I'll talk more about the different types of electrics available in a later post, but for now I'll cover this intriguing … [Read more...]