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Fisker reports more than $100M in revenue Jan-Apr 2012; more than $1B in funding since 2007

Green Car Congress

The latest funding has lifted the overall financing beyond $1 billion since the start of the company in 2007. Al-Futtaim and its network of experienced retailers will allow Fisker to reach customers in the UAE, Saudi Arabia, Qatar, Oman, Bahrain, and Egypt.

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EIA: Top 5 US crude oil suppliers account for 72% of total crude imports; highest proportion since 1997

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Crude oil imports from the top five foreign suppliers to the United States—which in 2012 were Canada, Saudi Arabia, Mexico, Venezuela, and Iraq, in that order—accounted for almost 72% of total US net crude oil imports, the highest proportion since 1997, according to the US Energy Information Administration (EIA).

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Opinion: There Is No Such Thing As Peak Oil Demand

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The so-called balance of supply and demand has always been a moving target, a race to the top in which the two run neck and neck. Perversely, imbalances breed further imbalances as the supply and demand components are provoked in opposite directions but with different timing, magnitudes and inertias.

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

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Alternate routes to the Strait include: The 745-mile long Petroline, also known as the East-West Pipeline, across Saudi Arabia from Abqaiq to the Red Sea. million bbl/d Iraqi Pipeline across Saudi Arabia (IPSA), and the deactivated 0.5 million bbl/d flow in 2009, down slightly from its peak of 14 million bbl/d in 2007.

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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

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There could be a question mark over Saudi Arabia’s plan, announced in 2012, to invest $109bn in 41GW of solar power by 2032. Saudi Arabia burns up to 900,000 barrels of oil per day to generate over 50% of its electricity. since 2007, while demand for finished petroleum products has dropped by 10.5%.

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Alcoa splitting into two companies; expecting 2.4x increase in automotive revenues to $1.8B in 2018

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With proximity to owned refinery operations, its mining reserves will provide a consistent supply of low-cost bauxite. million metric tons, or 33%, of total smelting operating capacity since 2007. It has a low 19 th percentile position on the global bauxite cost curve.

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Obama Announces Steps to Boost Biofuels, Clean Coal; RFS2, BCAP, BIWG and Carbon Capture and Storage Task Force

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It’s been said that the United States is the Saudi Arabia of coal—and that’s because, as I said, it’s one of our most abundant energy resources. The new approach requires strong management for results using a regional supply chain systems approach. President Obama. Renewable Fuels Standard (RFS2).

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