article thumbnail

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. For more information about the concept of Peak Oil please visit [link].

USA 180
article thumbnail

BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

Green Car Congress

Emerging economies accounted for all of the net growth, with OECD demand falling for the third time in the last four years, led by a sharp decline in Japan. in the emerging economies. The report also highlighted supply disruptions as one of the major energy events of the year. Global energy consumption grew by 2.5%

Coal 261
article thumbnail

The Fed Is Driving Down Oil Prices

Green Car Congress

dollar to go up, which is putting downward pressure on prices,” Phil Flynn, analyst at Price Futures Group in Chicago, told Reuters. There are plenty of factors influencing oil prices right now, and the OPEC+ decision expected in a few days will be the single most important driver in the near-term. But the U.S.

article thumbnail

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

Green Car Congress

KPMG International is hosting the event, in cooperation with the UN Global Compact (UNGC), the World Business Council for Sustainable Development (WBCSD) and the United Nations Environment Programme (UNEP). billion in 2005. Yet the OECD projects that forest areas will decline globally by 13% from 2005 to 2030, mostly in South Asia and Africa.

article thumbnail

Are The Saudis About To Reveal The Best Kept Secret In Oil?

Green Car Congress

The IPO will be a monumental event, one that the Wall Street Journal says could offer Wall Street some of the largest fees in history. Saudi Arabia often trades off with Russia—and more recently, with the US—as the world’s largest oil producer. Long-term oil forecasts are predicated, in part, on Aramco’s ability to do that.

article thumbnail

IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply.

Oil 247
article thumbnail

GSI/UNEP conference report finds fossil-fuel subsidy reform complex and challenges sobering; ~1% of global GDP spent on fossil-fuel subsidies

Green Car Congress

The event featured representatives from international organizations such as the OECD, UNEP, World Bank, WTO and OPEC, as well as international forums such as G-20, APEC and the Friends group of countries that support reforming fossil-fuel subsidies, who shared and reviewed their perspectives and activities.

Fuel 240