article thumbnail

Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices. This decision set crude prices on a downward path.

Russia 150
article thumbnail

Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

Energy is the foundation of Russia, its economy, its government, and its political system. Even a casual glance at the IMF’s World Economic Outlook statistics for Russia shows the tight correlation since 1992 between GDP growth on the one hand and oil and gas output, exports, and prices on the other (economic series available here ).

Russia 150
article thumbnail

When Will Russia Run Out Of Oil?

Green Car Congress

Russia’s exploration activities, which were hit not only by plummeting oil prices but also by a targeted sanctions regime, suffered a double blow during this period. In 2015, only seven new hydrocarbon discoveries were made in Russia, three of them in the Baltic Sea. When will Russia run out of oil? million tons.

Russia 150
article thumbnail

Energy and environmental costs of flying around closed airspaces

Green Car Congress

A recent article by Jacopo Prisco has documented the impact that closed airspace over Russia has on a one specific flight—a Finnair nonstop flight from Helsinki to Tokyo (Narita), using an Airbus A350-900. The basic facts from the Prisco’s article are summarized in the table below.

Cost Of 199
article thumbnail

An Army of Grain-harvesting Robots Marches Across Russia

Cars That Think

And not all countries have reliable satellite coverage—in agricultural markets like Kazakhstan, coverage can be unstable. After initially experimenting with large heavy-duty trucks, we realized that the agricultural sector doesn't have the major legal and regulatory constraints that road transport has in Russia and elsewhere.

Russia 115
article thumbnail

An Army of Grain-harvesting Robots Marches Across Russia

Cars That Think

And not all countries have reliable satellite coverage—in agricultural markets like Kazakhstan, coverage can be unstable. After initially experimenting with large heavy-duty trucks, we realized that the agricultural sector doesn't have the major legal and regulatory constraints that road transport has in Russia and elsewhere.

Russia 98
article thumbnail

Continental calls for market-based adaptation of the legal framework to support autonomous driving

Green Car Congress

International automotive supplier Continental is calling for a market-based adaptation of the legal framework for automated driving. However, the necessary adjustments to the traffic regulatory framework must not fail to take into account the connection with these market dynamics. —Christian Senger.

Legal 218