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Era Of Cheap, Subsidized Gasoline To End In United Arab Emirates

Green Car Reports

But that's not the case in the oil-rich United Arab Emirates. Global oil prices have remained fairly low for most of this year, which should be good news for people in most of the industrialized world. The continued slump in prices has prodded the seven-state federation to make a somewhat radical change in policy.

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Baker Institute: End of the ‘Big Oil giveaway’ is underway in the Persian Gulf

Green Car Congress

The old hypotheses that Persian Gulf energy subsidies were sacrosanct have been overturned, according to a new issue brief from Rice University’s Baker Institute for Public Policy. Energy Subsidy Reform in the Persian Gulf: The End of the Big Oil Giveaway” was co-authored by Jim Krane, the Wallace S.

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Oil is cheap, so Kuwait raised its own gas price to compensate

Green Car Reports

Cheap gasoline is good news for the economies of most countries, but not those that rely on oil exports. In some cases, that means cutting back on cheap gas for their own citizens. The sustained fall in global prices has led oil-producing countries to search for ways to keep their revenues up.

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The right way to get oil-rich West Asia to pressure electrical vehicles? Chinese language EV makers contemplate

Baua Electric

Around the six Gulf states, together with oil majors Saudi Arabia and the United Arab Emirates, electrical vehicles account for simply 0.4% While it’s still relatively cheap to run a gas-guzzler in many places — petrol costs between $2.18 of the passenger-vehicle marketplace. Chery Car Co.