article thumbnail

Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

Putin has highlighted on various occasions the contribution Russia’s mineral wealth, in particular oil and natural gas, must make for Russia to be able to sustain economic growth, promote industrial development, catch up with the developed economies, and modernize Russia’s military and military industry. Live by Energy….

Russia 150
article thumbnail

Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

Green Car Congress

Despite low oil prices, Saudi Arabia is maintaining its investment in its oil industry. Of this, the Saudi government will finance $239 billion, while private investors will finance $79 billion, as well as investments in refining (which it does not specify). percent increase), based on Saudi Arabia’s conflict with Iran.

Oil 150
article thumbnail

Day Of Reckoning For US Shale Will Have To Wait

Green Car Congress

October has been billed as a pivotal month in which indebted shale companies would see their credit lines cut, precipitating a faster consolidation in the industry that would sow the seeds of a rebound. Maintaining access to finance can come at a price. by Nick Cunningham of Oilprice.com. That will keep the pressure on US shale.

article thumbnail

What's Oil Got to Do With It?

Plugs and Cars

From Saturday's New York Times story " Cheney, on Carrier, Sends Warning to Iran " Vice President Dick Cheney used the deck of an American aircraft carrier just 150 miles off Iran’s coast as the backdrop yesterday to warn that the United States was prepared to use its naval power to keep Tehran from disrupting oil routes.

Oil 100
article thumbnail

Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

Green Car Congress

A combined $19 billion in write-downs was recorded in the last week of October as the oil industry reported third quarter earnings. Spending on deepwater exploration is expected to be cut 20 to 25 percent industry-wide, according to Barclays, substantially higher than the 3 to 8 percent cut for exploration on all varieties of fields.

Oil 150
article thumbnail

Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

Green Car Congress

For Iran, the only other OPEC country for which the IEA provides domestic demand data, the increase in exports, 0.7 in Russian and Soviet history, Soviet economics, and International economics, and MBA in finance and marketing. percentage points. percent, matched the increased domestic output.

article thumbnail

Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

These additional requirements are meant to encourage the auto industry to rely less on foreign countries like China and more on domestic sources for these components, promoting local manufacturing and supply chain security. In addition, battery sourcing requirements can also affect a vehicle’s eligibility. or a trade partner. One low payment.