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Volvo joins Tesla in halting EV production due to Red Sea attacks

Baua Electric

Volvo has joined Tesla in stopping its EV production in Europe due to the threat of violence from Iran-backed Houthi fighters attacking commercial ships traveling in the Red Sea. Volvo said it would halt production at its factory in Ghent, Belgium, for three days after rerouting ships to avoid potential violence. Get started here.

Volvo 52
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Global geothermal industry passes 12,000 MW operational

Green Car Congress

Vincent and the Grenadines, Taiwan, Thailand, Uganda, the United States, and Yemen. GEA President Craig Mataczynski of Gradient Resources has challenged the industry to reach 5% of total US electricity production.

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Opinion: The Saudi Oil Price War Is Backfiring

Green Car Congress

With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. The Saudis have kept their production levels high since last year in order to drive other players (especially US shale drillers) out of business.

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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

Green Car Congress

He argued that rapidly growing production outside OPEC made the existing status quo unviable, and that lower prices in the short term would increase prices in the longer term through reduced investment and ultimately benefit all OPEC members. Saudi Arabia increased production by 6.8 million barrels per day in June. percent in 2016.