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The War in Ukraine Disrupts Trade in Both Food and Fuel

Cars That Think

Before the war, Russia exported about 55 percent of its fossil-fuel output, mostly to the European Union. But Russian exports go far beyond fossil fuels; there is also food. This article appears in the September 2022 print issue as “Fuel, Food, and War.”.

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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

Green Car Congress

In December 2014, the Saudi government approved spending $229 billion in 2015, resulting in an estimated deficit of $39 billion, or some 5 percent of GDP. As mid-year 2015 approached, the IMF estimated the budget deficit would equal approximately 20 percent of Saudi GDP. percent in 2015, and then just 2.7 percent in 2014 to 3.3