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

Green Car Congress

Saudi Aramco CEO Amin Nasser, while addressing the World Petroleum Congress in Istanbul, stated that the outlook for oil supplies is “ increasingly worrying ”, due to a loss of $1 trillion ($1,000 billion) in investments last year. But the current production increases in Nigeria, Iraq and Libya, will most probably be temporary.

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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

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 Russia supplied about 30 percent (146.6 percent of GDP in 2014. mmbbl/day) in 2013. Death by Energy.

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Increase in US rig count will not cap oil prices

Green Car Congress

If prices went too low the LTO operators couldn’t afford to drill, which would shrink supply and cause prices to rise. If they somehow collude to restrict supply to affect prices they will be prosecuted and perhaps sent to jail. If and when prices rose the US rig count would rise and ultimately cause prices to fall again.

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

Drive Electric

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). There are two main sources of lithium in the world; hard rock mines and brine water.

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

Drive Electric

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?