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Bad News: Record Oil Imports into China in 2023

CleanTechnica EVs

continued] The post Bad News: Record Oil Imports into China in 2023 appeared first on CleanTechnica. More than half of the world’s EV sales have occurred there in recent years. It is a standard of the rapid, uplifting EV revolution. In 2023, 25% of auto sales in China were sales of full electric vehicles.

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Junkyard Find: 1992 Geo Metro 4-door hatchback

The Truth About Cars

The good news is that it has electronic fuel injection and an overhead camshaft. Even better news during a time of recession in California (which is where I found this car) is the fuel economy it delivered with a five-speed manual transmission: 40 miles per gallon on the highway, 38 miles per gallon in the city.

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The Oil War Is Only Just Getting Started

Green Car Congress

Tsvetana Paraskova is a writer for the US-based Divergente LLC consulting firm with more than a decade of experience writing for news outlets such as iNVEZZ and SeeNews. In BP’s definition of low-cost producers, the majority of the lowest-cost resources sit in large, conventional onshore oilfields, particularly in the Middle East and Russia.

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The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

Green Car Congress

The skepticism shown by a majority of financial analysts and oil commentators about the real threat to global oil (and gas) production volumes was countered by the news that the production at Saudi Aramco’s main offshore oil field, Manifa, has been hit by technical problems.

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Opinion: The Current Oil Price Rally Is Reaching Its Limits

Green Car Congress

Moreover, supply outages in places like Iraq and Nigeria have also knocked at least a quarter of a million barrels per day offline, an unexpected disruption that put upward pressure on prices in March. That is not good news for oil prices. That has sparked a renewed sense of optimism among oil traders. Article Source: [link].

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US Military going green

Green Cars News

The desert base acts as a house for the Army’s premier training centre for troops that will be deployed in Iraq and Afghanistan. The Iraq and Afghanistan wars are consuming more fuel than any other wars in US history and so it’s understandable that officials are now reducing their consumption and embracing energy alternatives.

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Oil Prices Running Out Of Reasons To Rally

Green Car Congress

Market analysts paused a bit on news that Iraq’s oil exports from its southern ports on the Persian Gulf hit a record high in December, but the data has no bearing on whether or not Iraq will comply with the agreed upon cuts. Iraq is committed to achieving producers’ joint goals to control the oil glut in world markets.”.