Remove Building Remove Cheap Remove Iran Remove Oil
article thumbnail

Saudis Expand Price War Downstream

Green Car Congress

The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. As if being the world’s biggest exporter of oil was not enough, the desert kingdom is now looking to conquer the refining sector as it has quickly become the fourth largest refiner in the world. By offering almost 2.8

article thumbnail

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

Green Car Congress

Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East. The US dollar then went through a massive devaluation, and oil played a crucial role in propping it back up.

Russia 225
article thumbnail

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.).