RIYADH, SAUDI ARABIA – JULY 19: (—-EDITORIAL USE ONLY â MANDATORY CREDIT – ” ROYAL COURT OF SAUDI ARABIA / HANDOUT” – NO MARKETING NO ADVERTISING CAMPAIGNS – DISTRIBUTED AS A SERVICE TO CLIENTS—-) Crown Prince of the United Arab Emirates (UAE) Mohammed bin Zayed Al Nahyan (L) meets with Crown Prince of Saudi Arabia Mohammed bin Salman (2nd L) within his visit in Riyadh, Saudi Arabia on July 19, 2021. (Photo by Royal Court of Saudi Arabia/Handout/Anadolu Agency via Getty Images)
Anadolu Agency | Anadolu Agency | Getty Images
DUBAI, United Arab Emirates — The unexpected rift between Saudi Arabia and the United Arab Emirates within OPEC in early July came as a shock to many in the Gulf region and those watching from abroad.
The dispute over oil production levels temporarily froze the group’s ability to lay out their plans for the markets, sending crude prices upward. But it wasn’t the first appearance of tension between the Arab neighbors and longtime close allies, and likely will not be the last, experts who’ve long been watching the region say.
“What is happening here is these are the two biggest economies in the region, in the Arab world,” Abdulkhaleq Abdulla, a political science professor in the UAE, told CNBC. “And as Saudi Arabia wants to reform its economy, privatize, etc, there is bound to be competition between them.”
“Competition between the two biggest Arab economies is, I think, just starting,” Abdulla said. “And it is bound to intensify in the days to come.”
Conflicting interests
The strategic alignment between Riyadh and Abu Dhabi, both of which have become increasingly active on the world stage, is evident in many areas. And it’s often associated with what is said to be a close relationship — some have even called it a “bromance” — between Saudi Crown Prince Mohammed bin Salman and his Emirati counterpart Mohammed bin Zayed.
But conflicting interests have cropped up in recent months that preceded the OPEC rift. In February, Saudi Arabia announced that its government would cease doing business with any international companies whose regional headquarters were not based within the kingdom by 2024. The move was widely seen as targeting Dubai, the Middle East’s current headquarters hub.
Bahrain Foreign Minister Abdullatif bin Rashid Al Zayani, Israeli Prime Minister Benjamin Netanyahu, U.S. President Donald Trump and UAE Foreign Minister Abdullah bin Zayed Al Nahyan (L to R) attend a signing ceremony for the agreements on “normalization of relations” reached between Israel, the United Arab Emirates and Bahrain at the White House in Washington.
The White House | Shealah Craighead | Anadolu Agency | Getty Images
DUBAI, United Arab Emirates — The UAE last year announced a normalization deal with Israel, becoming the first Gulf country to do so, while Saudi Arabia has so far publicly refused to do the same. Saudi Arabia meanwhile has been working on a tentative rapprochement with rival Sunni power Turkey, with which the UAE has significant tensions as Ankara supports an Islamist ideology that Emirati leaders see as a threat.
And the two Gulf powers had some diverging interests in the war in Yemen, despite being on the same side, with the Saudis supporting an Islamist party distrusted by the UAE and Abu Dhabi supporting separatist tribes that did not align with Riyadh’s goals. The UAE drew down its military activity in Yemen in 2019, while Riyadh remains embroiled in the conflict.
“It has been a common assumption that the UAE and Saudi Arabia have effectively indistinguishable worldviews and interests — that the UAE is sort of an appendage or dependency of Saudi Arabia,” Hussein Ibish, a senior resident scholar at the Arab Gulf States Institute in Washington, wrote in a blog post in July. “That has never been the case.”
Economic consequences
In early July, Saudi Arabia upped the ante by ending preferential tariffs for goods made in free zones or affiliated with Israeli manufacturers, also seen as a direct shot at the UAE, which is the free zone hub of the region. The move was followed by waves of patriotic Saudis launching a campaign via Twitter to boycott Emirati goods.
This came despite the fact that the UAE is Saudi Arabia’s second-largest trading partner after China by import value.
“The idea once was to create a GCC market, but now there’s the realization that the priorities of Saudi Arabia and the UAE are very different,” Amir Khan, senior economist at Saudi National Bank, told Reuters in July. “This regulation is putting flesh on the bone of these political divergences,” Khan said.
So, where do things go from here?
An OPEC deal was reached in mid-July, and the Saudi and Emirati energy ministers praised each other and the work of the group of oil producers. Still, economic competition — at a time where returns for oil-producing nations are extremely volatile — isn’t set to go away anytime soon.
“We’re coming out of this pandemic where every country in the world needs to figure out a way to economically recover,” Tobias Borck, a research fellow specializing in Gulf affairs at the Royal United Services Institute in London, told CNBC. “But for the Gulf monarchies, especially for Abu Dhabi and Saudi Arabia, that is compounded by the fact that they are also under pressure to figure out a way to transform their economies and get away from relying on oil.”
“In that environment, quite frankly, everyone is going to look after number one,” Borck continued. “And for all the genuine friendship and continued pragmatic alignment, when it comes to economic matters, at some point that friendship ends and it becomes about looking after yourself.”
A ‘collision course’
For the Emirati professor Abdulla, “rivalry is too strong of a term” to describe what’s going on between the two countries.
“It could be a controlled, managed, friendly competition,” he told CNBC. “Or it could get out of hand, and we will see it intensify in the months and years to come. We are still in the first five minutes of the competition. We don’t know how it is going to evolve — and it might have some impact on the political issues that bind the two countries together, some political spillover.”
“There are clearly multiple areas where they are on a collision course in the economic sphere,” Borck said. “You’ve now sort of put your position out, and at the moment, those positions are on a collision course. Whether they’re going to remain so? We’ll see.”
The McDermitt Caldera is an extinct supervolcano on the Oregon-Nevada border that, depending on who you believe, is loaded with enough lithium to power 600 million electric cars. It begs the question: who will control the $1.5 trillion dollar mineral deposit?
Fig. 1. Map showing type and relative size of global lithium resources. Current production is predominantly spodumene from pegmatites in Australia (47%) and brines underlying salt flats in Chile (30%), China (12%), and Argentina (5%); via Science.org.
Recent calculations by Castor and Henry estimate an in situ tonnage of ~20 to 40 MT of Li (maximum 120 MT of Li) to be contained within sediments of the whole McDermitt caldera … even if this estimation is high due to variations in sediment thickness and/or Li grade, the Li inventory contained in McDermitt caldera sediments would still be on par with, if not considerably larger than, the 10.2 MT of Li inventory estimated to be contained in brines beneath the Salar de Uyuni in Bolivia, previously considered the largest Li deposit on Earth.
Spanish-language site Motorpasión reports that the McDermitt Caldera deposit packs enough lithium to produce a staggering 600 million electric cars, and could make the US (with the right policies in place) a global leader in the li-ion battery supply chain. So, of course, America’s biggest EV oligarchs are going to fight over it.
High stakes
Pickup trucks are big business in the US and, frankly, everywhere else — and both Musk and Bezos are hoping to get into that business in a big way, through the Tesla CEO’s Cybertruck, its (supposedly) less polarizing successor, and the upcoming low-cost Slate backed by the Amazon founder. And that doesn’t include GM (who have been arguing over the rights to the caldera for years already), Ford, Rivian (where Bezos, through Amazon, holds more than 13% of the shareholders’ vote), and others.
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For both of them, controlling the caldera means more than money. It means securing control of one of the most strategic mineral sectors of this century. And, in late 2024 with the Trump-Musk bromance in full bloom, Musk publicly pushed mining operations to produce more nickel for EVs, invested in a massive lithium refinery in Texas, and promised even more EV production, making it look like Musk, through his political influence, might soon be granted control of the world’s largest lithium deposit.
“Elon’s always been there, now the megaphone is bigger,” one lithium producer, who was granted anonymity to speak freely, told Politico. “This is a pretty small space, so he’s always had a lot of truck.”
Then in June, the Trump-Musk bromance collapsed in dramatic fashion, with Musk launching a now-deleted tweet on X accusing the President of being “in the Epstein files,” launching a political controversy that is still gnawing at Trump.
And, if there’s one thing guys like Jeff Bezos do well, it’s capitalize on an opportunity … and I wouldn’t expect him to happily send all that lithium he’s mining to Elon’s refinery, either.
What do you guys think? Are we headed for an epic showdown on the Oregon-Nevada border? If we are, who do you think would win? Let us know, in the comments.
Original content from Electrek.
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Mercedes-Benz is quietly suspending orders on some of its most popular EV models in the US. The German luxury automaker has already halted the order bank for the electric EQS and EQE, both the sedan and SUV models.
Why is Mercedes pausing EV orders in the US?
Like most of the automotive industry, Mercedes is preparing for significant changes under the Trump Administration.
According to a new report from Automotive News, Mercedes has already paused orders for several EV models in the US, at least for the time being.
The order book for the electric EQS sedan, EQS SUV, EQE Sedan, and EQE SUV is now closed for dealers. Mercedes blamed the “current market conditions” for the decision.
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Starting September 1, Mercedes will halt production of the EQS and EQE SUV models at its Vance, Alabama, plant for the US. However, it plans to continue building the electric vehicles at the facility to export to overseas markets.
Although dealers can’t order any more EQS or EQE models in the US, you can still find some for sale. Mercedes slashed prices by up to $15,000 on its remaining EV models earlier this month.
Mercedes-Benz EQS SUV production in Alabama (Source: Mercedes-Benz)
A Mercedes spokesperson told Kelley Blue Book last week that the EQB “has reached the end of its lifecycle as planned and therefore will not be offered in the US or Canada after model year 2025.”
Although it cited current market conditions, the changes come as the federal EV tax credit in the US is set to expire at the end of September.
Mercedes CLA EV AMG Line Plus (Source: Mercedes-Benz)
Meanwhile, Mercedes is gearing up for “the largest product offensive” in company history. The new 2026 CLA EV is launching this fall, followed by two electric SUVs based on the same MMA platform. Mercedes will also unveil the electric version of its best-selling SUV, the GLC EV, in a little over a month at the Munich Motor Show.
Looking to score the savings while they are still available? You can use our links below to find offers on Mercedes EV models in your area.
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Infinite Machine’s debut product looks like it was carved out of a steel block in a dystopian future. The design is bold, brutalist, and unapologetically industrial. As a first product offering, it does a great job of catching people’s attention. Whether you like the look or not is up to you, but there is no denying that it is a head-turner. So when I had the opportunity to get some hands-on time with it, I knew I had to jump at that chance.
And after just an hour of riding the P1 around NYC, I can confidently say this thing turns heads for good reason. It’s fast, futuristic, and fun. This is just a first impression, but I’ll have it for an extended period soon — so stay tuned for a deeper dive and complete review. For now, let’s talk about my experience.
The specs
Let’s start with all the specs on paper, so you can see what we are dealing with. There is a lot to like with the P1 because you get:
Power, battery & tech
6kW rear hub motor
Top speed: 65 mph (with Turbo Boost)
Up to 60 miles of range
3.2 kWh removable battery (72V 45Ah)
Charges with a standard wall outlet
7” touchscreen with a clean, CarPlay-style interface
Infinite Machine app: unlock/start, service, rider management, camera access, OTA updates
When you see all this, it could almost be overwhelming — the power, the tech, the modular features. But once you’re on it, the P1 is highly approachable. Everything is integrated and easy to use, even for someone with little to no experience riding this type of vehicle. It’s designed to make city commuting feel seamless from day one.
Ride experience
As I mentioned in the beginning, I only had about an hour with the vehicle, so these are my first impressions. I was able to test two of the three drive modes: Eco and Normal. There is also a Sport mode and a speed boost feature that I will be testing in my full review. I got to about 35 to 40mph for this test drive while navigating the NYC streets. I thought this environment was fantastic to see what the feel would be because this is what the P1’s target customer is. Someone who lives in a densely populated city but still needs to travel a few miles daily and doesn’t want to be stuck in traffic or use public transit like subways and buses. We drove through streets filled with potholes, unpaved sections, cobblestone streets, and cars double-parked everywhere and the P1 handled all of it with ease. The front and rear suspension smoothed everything out, and I never once felt like I was losing control, even over all this urban terrain.
One thing that I noticed after a bit is that because it’s fully electric, the ride is dead silent. No motor noise, no hum, just wind and city sounds. It felt like I was gliding through the streets, which made the ride even more immersive and surreal in the best way.
Tech experience
For me, the tech is half the selling point of a product like this. Of course, ride quality is extremely important, but being used to driving a Tesla, I want my tech experience to be straightforward and work. The P1 does this and does it exceptionally well. Everything is controlled from the Infinite Machine App. I have not gotten to use it on my own phone, but they showed me how it all works, and if you are familiar with the Tesla app, then you will feel right at home. The app allows you to:
Use your phone as your key
Add additional riders
Set up service
Access the built-in front and rear cameras
Get theft alerts and alarm triggers
Receive over-the-air updates
The app allows for everything and syncs beautifully with the 7-inch touchscreen on the P1 itself. The display feels like a mini CarPlay hub, responsive, clean, and easy to navigate.
One thing I did notice, though, is that the speaker under the display is pretty quiet. With how silent the ride is, a more robust built-in speaker system would be awesome. Infinite Machine is already working on a Bluetooth speaker add-on, which could scratch that itch.
Safety & security measures
They thought of everything security-wise. It has auto-lock features that engage when unattended. If someone messes with it, you get an alert, a siren goes off, and the vehicle locks itself down via motor and front wheel locks. It even records video using its dual cameras, a big win for safety and peace of mind. The kickstand and Park mode disable the throttle, so you can’t accidentally start engaging the P1. I would feel confident leaving this parked outside and not worry about someone stealing it. If they somehow can load it on top of it, it has an LTE connection, so I will always know where it is. It even has a backup power source if the battery is removed to power all the P1 controls and features.
Final take
The Infinite Machine P1 is a very cool and unique-looking e-scooter that checks off most boxes people would want out of a high-end and premium electric scooter. It’s a bold, tech-driven, design-first approach to urban mobility that seems to deliver.
Yes, it’s early days. Yes, it’s a startup. Yes, it’s expensive at a $10,000 starting price. But if this is their first swing? I’m excited to see what comes next. As I stated, I will have a full review coming soon when I get the chance to actually live with the P1 and see what its like to use it daily.
Let me know what questions you would want answered from a full review.
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