article thumbnail

EIA: US importing more crude from Canada, even as total imports falling; 25% of imports in 2011, 28% so far in 2012

Green Car Congress

The United States is importing more crude oil from Canada, even though the total amount of crude oil America buys from foreign suppliers is falling. Canada is the largest supplier of foreign oil to the United States, followed by Saudi Arabia, Mexico, and Venezuela. Almost 99% of Canadian oil exports are sent to the US market.

Canada 225
article thumbnail

Opinion: The Saudi Oil Price War Is Backfiring

Green Car Congress

India, which was earlier importing most of its crude oil from Saudi Arabia, is now changing its strategy and buying more crude oil from Nigeria, Iraq, Mexico and Venezuela. Asia has been one of the biggest cash cows for Saudi Arabia and there have already been some cuts in some of the most crucial markets.

article thumbnail

Saudis Expand Price War Downstream

Green Car Congress

Indian refiners are now buying more crude oil from Nigeria, Iraq, Venezuela and Mexico. On the other hand, it won’t be easy for Saudi Arabia—Chinese refiners are also producing more gasoline, for which demand is still strong. Still, Saudi Arabia can likely wait out the competition.

article thumbnail

Mad Power thoughts

EV Info

It comes upon us when we have barely started ripping out our gas boilers to make way for the expensive and inefficient heat pumps the Government is telling us to buy, or building the costly new power stations that will be needed to charge the electric cars we will all soon require.

Power 52
article thumbnail

US Lifted The Crude Oil Export Ban, And Exports Went Down

Green Car Congress

crude oil is Venezuela. In early February, Venezuela’s state-run oil company PDVSA imported a 550,000-barrel cargo of West Texas Intermediate (WTI) through its U.S.-based Venezuela started importing foreign crudes in 2014 amid a fall in its own production—buying mostly Angolan and Nigerian light grades.

Oil 150
article thumbnail

One Million and 300 Million

Plug In Partners

The plans include a $ 7,000 tax credit to drivers who buy advanced-technology vehicles and $4 billion in direct assistance to Detroit automakers to help them build hybrid vehicles in the U.S. “I “We can do this,” he vowed in Michigan, the nation’s car capital, promising to spend $150 billion over 10 years on the effort.

Obama 100
article thumbnail

Glencore to pay >$1.1B to resolve government’s investigation into bribery and commodity and price manipulation

Green Car Congress

Glencore also admitted to bribery of officials in Brazil and Venezuela. In Venezuela, Glencore admitted to conspiring to secure improper business advantages by paying over $1.2 itself, by increasing profits and reducing costs on contracts to buy and sell physical fuel oil, as well as certain derivative positions that Glencore Ltd.