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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. Russia and China Cozy Up. Reign of the USD. Before the 20 th century, the value of money was tied to gold.

Russia 225
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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

The report “Decarbonizing Steel: A Net-Zero Pathway” outlines the path to making profitable, low-emissions steel and describes how a combination of falling hydrogen costs, cheap clean power, and increased recycling could reduce emissions to net zero, even while total output increases.

Hydrogen 221
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China says it will ‘rein in’ the flood of EVs coming our way

Baua Electric

Back in September, the EU launched an investigation into the Chinese EV industry, as European companies are struggling to compete with the cheap, high-tech Chinese imports, made by low-cost labor, entering the EU. China last year overtook Japan as the world’s biggest car exporter ­– but most of those were ICE vehicles sold to Russia.

China 52
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SpaceX to launch Varda Space’s first Rocket Lab-derived ‘space factory’ satellite

Teslarati

Founded in late 2020, Varda Space says its mission “is to build the first space factory” – or, to be more precise, the first all-in-one space factory. ‘zero-G’). What Varda Space wants to do, then, is repeat – and, nominally, expand that ISS-proven model.

Russia 145
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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

Green Car Congress

G20 countries build a generous Green Climate Fund, well above the $100-billion-a-year goal in the Paris climate agreement. Petro-states are compensated to transition smoothly to a sustainable economy, avoiding a last-ditch attempt to flood the world with cheap oil and gas. Russia might align with China. Big green deal. ?This

Carbon 207
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What If Europe Loses Russian Natural Gas?

Cars That Think

To help dodge sanctions, Russia had demanded that by the start of this month, members of the European Union begin paying for the natural gas it was buying in rubles rather than dollars or euros, threatening to cut off supplies if they didn’t. percent of what Russia provides the EU.

Gas 100
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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

Oil and the Transport Sector: Reconfirming the End of Cheap Oil. Where the alternative fuel cannot be used directly in existing oil distribution networks and applications, it requires the build-up of a dedicated infrastructure. Potential savings of natural gas alone, at 180 bcm, are close to Russia’s net exports in 2010.

Oil 247