Green Car Congress
JULY 28, 2015
The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil. In case of Saudi Arabia, the price of crude oil would be extremely low. The crude is so cheap it’s pretty much free for them, the margins are going to be massive. By offering almost 2.8 In fact, at $5.60
The Truth About Cars
FEBRUARY 12, 2024
If we're talking about realistic Metro competitors here, the base 1992 Ford Festiva actually managed to undercut the price tag on the cheapest possible Metro two-door hatchback that year: $6,911 versus $6,999. The wretched 1992 Hyundai Excel base two-door was even cheaper, at $6,595 ($15,879 in today's spondoolies ).
Green Car Congress
APRIL 10, 2015
Simply put, the world has too much oil at the moment which has resulted in the reduction of price levels from approximately $100 to $50 a barrel, and OPEC (as well as US shale producers) has a major role to play in this supply glut. Iraq’s Issues. After Saudi Arabia, Iraq is the biggest crude oil producer in OPEC.
Green Car Congress
NOVEMBER 13, 2011
But the average oil price remains high, approaching $120/barrel (in year-2010 dollars) in 2035. If, between 2011 and 2015, investment in the MENA region runs one-third lower than the $100 billion per year required, consumers could face a near-term rise in the oil price to $150/barrel. Click to enlarge. Electric vehicles.
Cars That Think
MAY 17, 2023
Like fighter planes, military drones started cheap, then got expensive. Unlike the fighters, though, they got cheap again. But for the most part, the price is right: China’s DJI Mavic 3 , used by both Russia and Ukraine for surveillance and for delivering bombs, goes for around $2,000. That’s not cheap, except by U.S.
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.
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. At current transportation battery prices, that is well beyond the cost of spinning reserve. Most of us are waiting to be able to plug into a 120v line like I do when my tractor battery needs a “refill&#. Oil is the alternative.
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