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

Green Car Congress

Nixon negotiated a deal with Saudi Arabia whereby in exchange for arms and protection, the Saudis would denominate all future sales of oil in US dollars. (Related: Should Europe Be Concerned About Russia’s Growing Energy Relationship with Asia? ). Rise of the Yuan.

Russia 225
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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

Green Car Congress

For example, rich countries such as Germany can throw billions of dollars at their coal sector to ease their transition pain, offering generous financial aid to lignite-producing regions. Saudi Arabia and Kuwait might, and should be encouraged to do so. Nigeria or Algeria cannot do the same for their oil industry.

Carbon 207
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War in Ukraine: We Need to Talk About Fossil Fuels

Cars That Think

Russia is the world’s second largest producer of crude oil, behind the United States and ahead of Saudi Arabia, and its second largest exporter, behind Saudi Arabia. Such an economy could be largely self contained—the technical term is autarkic —as indeed it was during the Soviet era. Consumption of E.U.-produced

Ukraine 117
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UK, Saudi team shows hydrocarbon wax is a viable, safe medium for on-board hydrogen storage

Green Car Congress

The F-T wax can be manufactured using renewable energy and any carbon-containing resources including biomass, CO 2 , natural gas, coal—and the resulting carbon residue from the hydrogen-depleted wax. Schematic representation of one scenario for the decarbonization of a transportation fuel economy. Gonzalez-Cortes et al.

Hydrogen 150
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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

Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. Oil and the Transport Sector: Reconfirming the End of Cheap Oil. The passenger vehicle fleet doubles to almost 1.7 billion in 2035.

Oil 247