Green Car Congress

OCTOBER 20, 2015

November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. Venezuela, an OPEC member, has even proposed an emergency summit meeting. This apparent bravado notwithstanding, the two countries’ entry into the low-price Crudedome is ravaging their economies.

Russia 150

Russia Saudi Arabia Oil Market 150

Green Car Congress

OCTOBER 6, 2015

Energy is the foundation of Russia, its economy, its government, and its political system. Even a casual glance at the IMF’s World Economic Outlook statistics for Russia shows the tight correlation since 1992 between GDP growth on the one hand and oil and gas output, exports, and prices on the other (economic series available here ).

Russia 150

Russia Saudi Arabia Iran Iraq 150

Green Car Congress

NOVEMBER 20, 2016

One of the oil world’s longest and best kept secrets may finally be revealed. Saudi Arabia is preparing to unveil how much oil it holds, a closely guarded state secret that has been kept quiet for decades. Saudi Arabia often trades off with Russia—and more recently, with the US—as the world’s largest oil producer.

Saudi Arabia 150

Saudi Arabia Oil Oil Prices Russia 150

Green Car Congress

JULY 28, 2018

dollar poses an obstacle to further gains in oil prices. As Reuters points out , in dollar terms the price of Brent oil has climbed 9 percent this year, but in yuan terms oil is now nearly 14 percent more expensive. The problem for many emerging markets is that oil prices have been going up at the same time.

Oil Prices 170

Oil Prices Oil Price South Africa 170

Drive Electric

AUGUST 9, 2022

Throughout this article, we’ll refer to ICEVs and EVs; here’s a quick breakdown explaining the difference between the two. The good news is, most analysts suggest it will never see the shortages, cartels or sales restrictions that oil does. Battery metals vs. oil as a source of tension and instability. Here’s what we discovered.

Environment 98

Environment Electric Vehicles New Zealand Vehicles 98

Drive Electric

AUGUST 9, 2022

Throughout this article, we’ll refer to ICEVs and EVs – here’s a quick breakdown explaining the difference between the two. The good news is, most analysts suggest it will never see the shortages, cartels or sales restrictions that oil does. Battery metals vs. oil as a source of tension and instability.

Environment 52

Environment Electric Vehicles New Zealand Vehicles 52