Remove Argentina Remove Economy Remove Libya
article thumbnail

Strong Dollar Could Cap Oil Prices

Green Car Congress

Argentina, Brazil, Turkey and South Africa have seen significant depreciations in their currencies this year. Because China is a voracious consumer of commodities, including crude oil, the compounding effect of a slowdown in the Chinese economy and a weaker yuan creates new headwinds for the oil market. But the strength of the U.S.

article thumbnail

EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

ICEVs have been around for a while, and although they’ve had the time to perfect their manufacturing process and we’ve seen increased pressure on the importance of fuel economy and emissions, the thermal efficiency of the average light vehicle engine remains between 20-35%, and we’re not seeing much improvement beyond this.

article thumbnail

EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

ICEVs have been around for a while, and although they’ve had the time to perfect their manufacturing process and we’ve seen increased pressure on the importance of fuel economy and emissions, the thermal efficiency of the average light vehicle engine remains between 20-35%, and we’re not seeing much improvement beyond this.