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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

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 ). percent of GDP in 2014. Natural gas data from Gazprom). billion respectively).

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Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

Green Car Congress

Despite low oil prices, Saudi Arabia is maintaining its investment in its oil industry. It lists energy-related projects totaling $318 billion (no timeframe specified), which is, in SAGIA’s words, “large-scale capital spending [is] applied to building new capacity and expansion of existing facilities.” James Crandell, a Cowen & Co.

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

Green Car Congress

With China now the world’s biggest oil importer and the US increasingly stressing domestic production, the days of dollar-priced energy, and therefore dollar-dominance, look numbered.”. The company was also seeking financing for a gas project in Russia despite Western sanctions. “It Rise of the Yuan.

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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

Green Car Congress

In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. The Saudis obviously miscalculated the degree to which their shift would negatively impact oil prices.

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Slow start for charge of the electric cars - Times Online

Tony Karrer Delicious EVdriven

Virtually all the world’s bigmotor manufacturers are building prototypes using lithium-ion batteries butso far they have reached production only in a few low-volume models. The G-Wiz, made in India, now offers a lithium-ion battery option that extendsits driving range from 48 to 75 miles – but doubles the price.