Green Car Congress
APRIL 10, 2015
Cheap oil has created a huge financial crisis for Venezuela as its economy is heavily dependent on oil exports and oil revenues constitute about 95% of its total foreign exchange earnings. As per its state run oil company PDVSA, the country loses about $700 million a year with every $1 drop in the international oil price.
Green Car Congress
JULY 16, 2017
The latter’s national oil company, Qatar Petroleum, has only been able to maintain crude oil production on its main offshore oilfield Al Shaheen through heavy investments from its former joint-venture partner Maersk Oil. But the current production increases in Nigeria, Iraq and Libya, will most probably be temporary.
Green Car Congress
JULY 28, 2015
The crude is so cheap it’s pretty much free for them, the margins are going to be massive. Indian refiners are now buying more crude oil from Nigeria, Iraq, Venezuela and Mexico. He has dealt with dealt with oil companies such as ONGC; Oil India limited IOCL, BPCL, HPCL and others. Source: [link].
Green Car Congress
NOVEMBER 13, 2011
Oil and the Transport Sector: Reconfirming the End of Cheap Oil. Oil companies will be forced to turn to more difficult and costly sources to replace lost capacity and meet rising demand. The largest increase in oil production comes from Iraq, followed by Saudi Arabia, Brazil, Kazakhstan and Canada. Click to enlarge.
Tony Karrer Delicious EVdriven
APRIL 16, 2009
“If any energy company ignores the long-term impact on future fossil-fuel-backed energy sales, they will be in for a shock.&# So how do energy companies cope with such upheaval? “It took a company from a completely different sector to step in and take control of things ? . but not all of it.
Tony Karrer Delicious EVdriven
APRIL 16, 2009
Millions will plug-in their electric vehicles (EV), plug-in hybrids (PHEV) and fuel cell vehicles (FCV) at night when electricity is cheap, then plug-in during the day when energy is expensive and sell those extra electrons at a profit. Why not ake it all the way and spend 1 year of Iraq on retrofitting every home in America with nano solar.
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