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2020 Thanksgiving week gasoline consumption in US lowest since 1997

Green Car Congress

Year-on-year comparisons are even more significant at the regional level, with some regions seeing declines of 20% or more from Thanksgiving Week 2019. The Rockies saw the smallest slide (5.6%) but that is substantial enough to impact supply and demand balances as winter approaches. Northeastern gasoline sales dropped 10.1%

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The $32-Trillion Push To Disrupt The Entire Oil Industry

Green Car Congress

In contrast to what some media sources are suggesting, oil and gas demand will not diminish, on the contrary, oil and gas prices will rise due to a lack of supply. The latter is partly caused by “global warming constraints” and lower oil prices in general. Link to article: [link].

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Increase in US rig count will not cap oil prices

Green Car Congress

The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.

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The Real Reason for USA based Economic Recessions.

DIY Electric Car

There have been 5 recession since then until now and I wanted to see if Oil had anything to do with them, because deep in my heart, I knew the most recent recession was directly caused by the oil price spikes that started in 2007 and peaked in 2008. This increase in oil prices again pushed the economy into a recession.

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Norweign Drivers switch to Electric Cars

EV Report

Most people do know and feel that if we drive electric cars we could reduce the consumption of oil and could reduce pollution. In comparison, in 2018 US and China had a total combined sales of 1.2 It is seen only one third is taking step to buy at any point of time. Some are still not yet sure to make a plunge in purchase.

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Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Green Car Congress

The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil. by Brian J.

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KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

Green Car Congress

Environmental costs are often not shown on financial statements because the bearers of such costs can be either particular individuals or society at large, are often both non-monetary and problematic to quantify for comparison with monetary values. It is predicted that by 2030, the global demand for freshwater will exceed supply by 40%.