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Baker Institute expert: crude-oil production increase a risky strategy for Saudi Arabia

Green Car Congress

As recently as 2015, Saudi energy officials dismissed suggestions that the kingdom would seek to raise its crude oil production capacity above its theoretical maximum of 12.5 Climate risk could also weigh into a decision to raise output. In the long term, the oil business appears to be moving toward a period of increasing risk.

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Volkswagen Group invested €11.5B (US$12.9B) in R&D in 2014; ongoing focus on electromobility and digitalization of vehicles

Green Car Congress

That is why he would like to see “ in Europe in particular, a climate where new technologies are not eyed with suspicion right from the outset ”, but rather a climate “ where innovations are truly welcome. ” Oil will not be as cheap as it is at the moment for ever. The CO 2 limits apply irrespective of fuel prices.

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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

Under the central New Policies Scenario, automotive sales in non-OECD markets exceed those in the OECD by 2020, with the center of gravity of car manufacturing shifting to non-OECD countries before 2015. Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. —WEO 2011.

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