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Iran's Oil Woes; An Arab Electric Car?

Plugs and Cars

Today the Wall Street Journal (subscription required) reports "Soaring Energy Use Puts Oil Squeeze on Iran." Iran may start rationing gasoline as soon as next month, and its oil exports could dry up in as little as a decade. The stagnation of Iran's oil industry presents a potential crisis for the country and the global oil market.

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Geely exports more than 100,000 vehicles in 2012; 164% year-on-year growth

Green Car Congress

Geely’s current major overseas markets include Ukraine, Russia, Iraq and Saudi Arabia. Geely has set up multiple complete knock down (CKD) facilities in key markets to speed up product delivery and also lower costs for consumers.

2012 225
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US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

Green Car Congress

More than 85% of the crude oil exports flowing through the Strait went to Asian markets, with Japan, India, South Korea, and China representing the largest destinations, EIA said. The Strait is located between Oman and Iran, and connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. million bbl/d in 2009-2010.

Oil 297