The Kingdom of Saudi Arabia’s Vision 2030

by Dena Kleemeier

My family has worked for Saudi Aramco, a national petroleum and natural gas company based in Dhahran, Saudi Arabia for the past 16 years. In my time living in Saudi, I have experienced first hand the way in which the Kingdom uses/wastes their resources, providing oil to their citizens at a cheaper price than water, and subsidizing electricity to their populations. However with the decline in the price of crude (lost 67% of value since September 2014), the growing domestic oil demand of 7% per year, and the state of the environment, Saudi Arabia is in an awkward geopolitical situation, and is in need of comprehensive economic reform. Continue reading

Plunging Oil Prices and Their Effect on the Electric Vehicle Industry

by Jason Xu

In an invterview with CNN, CEO of Tesla Motors, Elon Musk, acknowledged that the electric vehicle industry will be hurt by falling oil prices, saying that “it just makes economic sense.” However, Musk showed little concern toward his own company Tesla Motors. He explained that even though the entire industry will be hurt by plunging oil prices, Tesla’s Model S and Model X will still be competitive in the market, because they are hugely differentiated, unlike other cheaper electric vehicle in the market. Musk also talked about Model 3, Tesla’s affordable electric vehicle aiming to hit the market in 2017. Continue reading