Sam Clemons

Authored by Zainab Calcuttawala via OilPrice.com, Tesla’s unveiling of its mass market Model 3 sparked a global interest in making electric vehicles the next big thing in automobile manufacturing. But can the category’s green agenda keep up with its metal and recycling needs? The concept of bunking the traditional engine for a non-gas guzzling counterpart has been here for decades, but creating an ecosystem for battery charging and bringing vehicle costs down was a challenge for decades.

Great news America - your standard of living just dropped little more as producer prices rose by 2.6% YoY in September, the fastest rate of increase since Feb 2012 - driven by a surge in energy prices. Some highlights: Final demand producer prices rose 0.4% in September (as expected) Final demand ex food, energy rose 0.4% m/m vs est. up 0.2% Final demand rose 2.6% y/y, matching estimate Final demand ex food, energy rose 2.2% y/y vs est.

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