Green Car Congress

APRIL 10, 2015

Cheap oil has created a huge financial crisis for Venezuela as its economy is heavily dependent on oil exports and oil revenues constitute about 95% of its total foreign exchange earnings. Iraq’s Issues. After Saudi Arabia, Iraq is the biggest crude oil producer in OPEC.

Saudi Arabia 150

Saudi Arabia Venezuela Iran Nigeria 150

Green Car Congress

JULY 16, 2017

Saudi Aramco CEO Amin Nasser, while addressing the World Petroleum Congress in Istanbul, stated that the outlook for oil supplies is “ increasingly worrying ”, due to a loss of $1 trillion ($1,000 billion) in investments last year. But the current production increases in Nigeria, Iraq and Libya, will most probably be temporary.

Oil 186

Oil Libya Nigeria Qatar 186

Green Car Congress

JULY 28, 2015

The crude is so cheap it’s pretty much free for them, the margins are going to be massive. Indian refiners are now buying more crude oil from Nigeria, Iraq, Venezuela and Mexico. The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil.

Saudi Arabia 150

Saudi Arabia Price Oil India 150

Green Car Congress

NOVEMBER 13, 2011

Oil and the Transport Sector: Reconfirming the End of Cheap Oil. The largest increase in oil production comes from Iraq, followed by Saudi Arabia, Brazil, Kazakhstan and Canada. World transportation oil demand by mode in the New Policies Scenario. Click to enlarge. trillion in subsidies over the projection period.

Oil 247

Oil Transportation Cheap Fleet 247

Tony Karrer Delicious EVdriven

APRIL 16, 2009

Millions will plug-in their electric vehicles (EV), plug-in hybrids (PHEV) and fuel cell vehicles (FCV) at night when electricity is cheap, then plug-in during the day when energy is expensive and sell those extra electrons at a profit. Why not ake it all the way and spend 1 year of Iraq on retrofitting every home in America with nano solar.

Grid 28

Grid Electric Vehicles Vehicles Oil-Sands 28

Tony Karrer Delicious EVdriven

APRIL 16, 2009

I liken electric grid and renewable to the economic and political and military fiasco of the Iraq war. So, the used batteries are almost arbitrarily cheap since an arbitrarily large fraction of their cost of production can be loaded on their use in transportation. Alternative is no longer an alternative. Oil is the alternative.

Grid 47

Grid Green Electric Cars Cars 47