article thumbnail

Baker Institute: End of the ‘Big Oil giveaway’ is underway in the Persian Gulf

Green Car Congress

In recent years, all six Gulf monarchies—Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Oman, Qatar and Bahrain—have begun to challenge the notion that citizens are entitled to cheap energy. Policymakers hope higher energy prices can produce a number of helpful effects, the authors said.

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

These shocks pushed energy prices higher in much of the world, with oil prices reaching a record annual average of more than $100 per barrel (bbl) for the first time. Brent oil prices were on average 40% higher than 2010 and exceeded $100 a barrel for the first time ever; at $111.26/bbl, Prices increased in all regions.

Coal 261
article thumbnail

The right way to get oil-rich West Asia to pressure electrical vehicles? Chinese language EV makers contemplate

Baua Electric

With EV call for slowing at house, and firms dealing with considerable import price lists in america in addition to a Ecu Union probe into Chinese language subsidies, automakers view the patch as a big enlargement alternative that, thus far, is in large part untapped. File photo: Branding on an Xpeng P7 electric vehicle (EV).