May 27, 2025
China’s EV market is facing turbulence after BYD, the nation’s leading EV maker and a major global competitor to Tesla, conveyed a wave of a
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China’s EV market is facing turbulence after BYD, the nation’s leading EV maker and a major global competitor to Tesla, conveyed a wave of a
रिलायंस Jio ने टेलिकॉम सेक्टर में कदम रखा है तब से टेलिकॉम कंपनियों के बीच प्राइसवॉर चल रहा है। प्राइसवॉर के कारण कंपनियों को भारी वित्तीय घाटा उठाना पड़ा है।
Cotton versus Polyester: The “Race to Bottom” Price War Cotton and polyester has always been two most competitve fabrics of all times.
This dope petal pinching #neonrose animation by @ptrzykd compels me to post after a months long hiatus. Happy New Year 🎊 #nailedit #neonsign #pricewar
#Amazon and #Walmart are in an all-out #pricewar that is terrifying #America’s biggest brands - @Recode https://apple.news/AWlv8XJkNR_W2WhOi8Z9OEA (at Los Angeles International Airport (LAX))
Oil prices have risen more than 50% since January, which needless to say has come as a very welcome blessing for the battered U.S. shale producers. It gives a positive indication to the U.S. oil industry that the worst of the oil crisis might finally be behind them. Moreover, it forced the shale producers to adapt by reducing production costs and increasing efficiency.
According to data publicized by Reuters, the decline rates of oil wells in the most productive fields in the U.S. – the Permian and Bakken Basins – were almost halved over the past several years. In practice, this means that shale people will get more bang for their buck; due to slower decline of the wells, they will have to drill fewer new wells to sustain output and therefore lower their capital demands.
After months of consecutive falls, the number of rigs has been increasing since May and companies expect additional growth if oil prices remain at $50 levels. In addition, Norwegian energy consultancy Rystad Energy’s newest estimates reveal that the U.S. holds more recoverable oil reserves than Russia or Saudi Arabia. More than 50 percent of reserves belong to unconventional shale oil.
Low oil price has been both a blessing and a curse for the shale industry
The key for the survival of the U.S. shale industry currently lies in its ability to raise money to finance its renewed activity. One of the shale’s weak spots was always its dependency on capital inflow and high level of debt. In the world of high oil prices and lax capital markets this did not matter so much. However, since the oil price crashed two years ago, financing has become the industry’s central problem. Bond sales of U.S. independent energy companies is currently at its lowest level in more than a decade, and the markets are still not convinced enough to devote fresh capital to new energy projects, despite the brighter outlook that came with higher prices of oil.
A breath of fresh air could come from another side though. After the slump in prices, many oil giants such as Exxon and Chevron mothballed expensive offshore and Arctic projects and turned their attention towards cheaper and more feasible shale projects in the United States.
No clear winner of the oil price war
So who has won in this war of oil giants after all? It is probably a tie. Although the Saudis caused damage to the U.S. shale, they also hit to global oil industry hard, while they managed to preserve their market share, they paid a heavy price in terms of oil revenues. The real question however, is not whether the House of Saud is able to keep oil prices (and consequently U.S. shale production) subdued for a prolonged period of time, but how long they can do it without endangering fiscal and social stability of the Desert Kingdom and other OPEC members. Despite its ambitious Vision 2030 programme, Saudi Arabia will stay dependent on oil income to subsidize its social programmes for many years to come. Achieving restructuring at $50-60 price levels without swift and potentially painful reforms would prove a real challenge to the Saudi regime.
On the other hand, Riyadh has done a huge favor to the U.S. shale industry by forcing it to adapt and change its business philosophy. OPEC will remain an important, and hopefully responsible, factor in oil markets, but it will have to accept the fact that the circumstances have changed over the past five years. Both the ascent of shale oil, and initiatives to reduce global carbon footprint will impose an enormous strain on the Cartel and its members, which are still a long way from having diversified economies.
Thoughts
So meanwhile in Norway,we've got a pricewar going on.. You might think it was a good thing,since almost everything in Norway is expensive.. But when the war is about candy..yes..candy.. Sugar..then is not so good.. A shop owner told me,that a man bought 70 kg (!) candy..🙊🙈🙈 Crazy.. The price is 2,90 norwegian kr,Pr hekto.. 30 kr Pr.kg (4 us dollar) Finally at least they got oranges at the same price.. 👏🏽👏🏽 Norwegians love pricewars 😄
Price war and Price drop in Azure Cloud over the years
Azure, AWS and all the other major cloud providers are in a massive price war which is the key factor why prices are going down.
If you had purchased basic cloud storage in 2012, you would have paid $0.14 per GB. In 2013, that price was $0.07 per GB. At the end of 2014, it’s went down to $0.03 per GB and 2015 we saw it hitting $0.02. Similarly, an A3 VM would have cost $0.48 per hour in 2012, to reach $0.34 and is now running at $0.29 per hour.
I expect the price drops to continue in 2016 as Microsoft competes with Amazon and others for market share and the economies of hardware, storage, etc. continue to improve over time.