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Saudis Expand Price War Downstream

Green Car Congress

The crude is so cheap it’s pretty much free for them, the margins are going to be massive. The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil. In case of Saudi Arabia, the price of crude oil would be extremely low. per barrel while that of Reliance was $8.70

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Opinion: The End Of An Era: Is The US Petrodollar Under Threat?

Green Car Congress

“But taken in the context of many other actions around the world including Saudi Arabia’s frustration with US foreign policy toward Iran, and China’s voracious appetite for gold, these actions are meaningful steps away from the dollar.”. Rise of the Yuan.

Russia 225
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ACS Meeting Symposium Focuses on Conversion and Utilization of CO2 for Fuels and Chemicals

Green Car Congress

Robert Dorner and his colleagues are looking at converting CO 2 and hydrogen (both won from sea-water) over catalysts, using the CO 2 as a building block to form synthetic fuel. Researchers from Shiraz University (Iran) are investigating a two-stage catalyst bed concept for conversion of CO 2 to methanol. Earlier post.).

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Slow start for charge of the electric cars - Times Online

Tony Karrer Delicious EVdriven

Cheap to run but expensive to buy, they offer theprospect of low or zero carbon emissions, but manufacturers won’t sell themunless motorists want to buy them – and motorists won’t buy unless the priceis right and there are enough places to charge the batteries. Walkout at UN conference after Iran.