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Baker Institute: End of the ‘Big Oil giveaway’ is underway in the Persian Gulf

Green Car Congress

In recent years, all six Gulf monarchies—Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Oman, Qatar and Bahrain—have begun to challenge the notion that citizens are entitled to cheap energy. Across the Gulf, Iran has taken similar steps. The authors said energy subsidies have long outlived their usefulness.

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Opinion: How Much Longer Can OPEC Hold Out?

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However, OPEC has been in the line of fire from the western world in light of its stance of not reducing the production levels of its member nations (excluding Iran). Most view this as a strategy to squeeze the American shale production and other non-OPEC nations. Iran Nuclear Deal: A warning sign for OPEC?

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Saudis Expand Price War Downstream

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Saudis have moved into the product business in a big way,” said Fereidun Fesharaki of FGE Energy. The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil. The crude is so cheap it’s pretty much free for them, the margins are going to be massive.

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Opinion: The End Of An Era: Is The US Petrodollar Under Threat?

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With China now the world’s biggest oil importer and the US increasingly stressing domestic production, the days of dollar-priced energy, and therefore dollar-dominance, look numbered.”. Rise of the Yuan. It is no secret that Beijing has been looking to promote the yuan as an alternative reserve currency.

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Iranian Researchers Show Dilute Acid Hydrolysis Process for Production of Furans from Rice Straw

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Researchers at the Isfahan University of Technology (Iran), have demonstrated the use of a dilute acid hydrolysis process to convert rice straw—a cheap, abundant and mainly unused ag waste—to 5-Hydroxymethylfurfural (HMF) and furfural. Both furans are components for production of different chemicals and fuels. 2010.07.032.

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War in Ukraine: We Need to Talk About Fossil Fuels

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For natural gas, it is the world’s second largest producer , behind the United States and ahead of Iran, and its largest exporter. The continent was mostly powered by locally mined coal until the 1950s, when imports of cheap Middle Eastern oil started transforming the energy picture. Consumption of E.U.-produced Regardless, the E.U.

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ACS Meeting Symposium Focuses on Conversion and Utilization of CO2 for Fuels and Chemicals

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CO 2 conversion to hydrocarbons over catalysts has been known for several decades but has been shown very little research and development attention, as other technologies have been much cheaper and efficient in yielding cheap oil. Scott Shaw. Earlier post.). by varying the feed H 2 O/CO 2 ratio.