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3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

Green Car Congress

According to a separate report from SAFE, a Washington-based think tank, the oil industry has cut somewhere around $225 billion in capex in 2015 and 2016, which will lead to global supplies 4 million barrels per day lower in 2018-2020, compared to what market analysts expected as of 2014. The price acts as a self-correcting mechanism.

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Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

In this article, we will review the facts and explain our thoughts on where we believe EVs are headed. Outside of Europe, the US and China have experienced a sharp decrease in overall car sales as well. EVs were experiencing rapid growth before the COVID-19 outbreak. Looking past our present challenges – what can we expect?

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