Green Car Congress
SEPTEMBER 13, 2017
A number of factors are pushing Saudi Arabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy.
Green Car Reports
AUGUST 4, 2016
Cheap gasoline is good news for the economies of most countries, but not those that rely on oil exports. In some cases, that means cutting back on cheap gas for their own citizens. DON'T MISS: Even Saudi Arabia vows to end its.
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. After Saudi Arabia, Iraq is the biggest crude oil producer in OPEC. Iraq’s Issues. The OPEC “heavyweights”.
Green Car Congress
OCTOBER 31, 2014
Nixon negotiated a deal with Saudi Arabia whereby in exchange for arms and protection, the Saudis would denominate all future sales of oil in US dollars. (Related: Should Europe Be Concerned About Russia’s Growing Energy Relationship with Asia? ). Rise of the Yuan.
Baua Electric
JANUARY 15, 2024
Even on the electrification front, India is lagging and faces emerging competition from the likes of Indonesia in the South East and Saudi Arabia in the Middle East, who are pitching themselves as key hub for future exports.
Green Car Congress
MAY 6, 2019
Saudi Arabia and Kuwait might, and should be encouraged to do so. Petro-states are compensated to transition smoothly to a sustainable economy, avoiding a last-ditch attempt to flood the world with cheap oil and gas. Nigeria or Algeria cannot do the same for their oil industry. —Goldthau et al.
Cars That Think
FEBRUARY 28, 2022
Russia is the world’s second largest producer of crude oil, behind the United States and ahead of Saudi Arabia, and its second largest exporter, behind Saudi Arabia. Such an economy could be largely self contained—the technical term is autarkic —as indeed it was during the Soviet era.
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