Green Car Congress

OCTOBER 6, 2015

Energy is the foundation of Russia, its economy, its government, and its political system. According to the IMF’s 2015 Article IV Consultation-Press Release and Staff Report , published August 3, oil and natural gas exports constituted 65 percent of exports, 52 percent of the Federal government budget, and 14.5 percent of GDP in 2014.

Russia 150

Russia Saudi Arabia Iran Iraq 150

Green Car Congress

OCTOBER 20, 2015

Venezuela, an OPEC member, has even proposed an emergency summit meeting. This apparent bravado notwithstanding, the two countries’ entry into the low-price Crudedome is ravaging their economies. Breaking the peg would devastate the Saudi economy. IMF WEO Data: Recessions as far as the Eyes can See. percent growth in Q1.

Russia 150

Russia Saudi Arabia Oil Market 150

Green Car Congress

NOVEMBER 20, 2016

That is because of two reasons—the size of its reserves, and the ability to use latent spare capacity to quickly adjust supply, affording it an outsized influence on crude oil prices. A sharply lower reserve estimate could send oil futures up if fears over supply surface, and it might also affect Saudi Arabia’s credit rating.

Saudi Arabia 150

Saudi Arabia Oil Oil Prices Russia 150

Green Car Congress

JULY 28, 2018

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. The oil supply outages in Venezuela, Libya and Iran could yet drive oil prices much higher. Link to original article: [link].

Oil Prices 170

Oil Prices Oil Price South Africa 170

Drive Electric

AUGUST 9, 2022

Throughout this article, we’ll refer to ICEVs and EVs; here’s a quick breakdown explaining the difference between the two. New Zealand has the third highest rate of renewable energy as a portion of primary supply in the OECD (after Norway and Iceland). Here’s what we discovered. WHAT EV MYTHS HAVE WE COVERED?

Environment 98

Environment Electric Vehicles New Zealand Vehicles 98

Drive Electric

AUGUST 9, 2022

Throughout this article, we’ll refer to ICEVs and EVs – here’s a quick breakdown explaining the difference between the two. New Zealand has the third highest rate of renewable energy as a portion of primary supply in the OECD (after Norway and Iceland). Here’s what we discovered. WHAT EV MYTHS HAVE WE COVERED?

Environment 52

Environment Electric Vehicles New Zealand Vehicles 52