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Saudis Expand Price War Downstream

Green Car Congress

Saudis have moved into the product business in a big way,” said Fereidun Fesharaki of FGE Energy. The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil. In case of Saudi Arabia, the price of crude oil would be extremely low. By offering almost 2.8

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

Green Car Congress

In recent years, all six Gulf monarchies—Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Oman, Qatar and Bahrain—have begun to challenge the notion that citizens are entitled to cheap energy. Across the Gulf, Iran has taken similar steps. The authors said energy subsidies have long outlived their usefulness.

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Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

However, OPEC has been in the line of fire from the western world in light of its stance of not reducing the production levels of its member nations (excluding Iran). Most view this as a strategy to squeeze the American shale production and other non-OPEC nations. Iran Nuclear Deal: A warning sign for OPEC?

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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.”. Rise of the Yuan. It is no secret that Beijing has been looking to promote the yuan as an alternative reserve currency.

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War in Ukraine: We Need to Talk About Fossil Fuels

Cars That Think

For natural gas, it is the world’s second largest producer , behind the United States and ahead of Iran, and its largest exporter. Over the years, there have been brief supply interruptions and price swings, but nothing like what’s going on now. But Russia’s importance as an exporter of natural resources goes far beyond hydrocarbons.

Ukraine 118
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Budget Drones in Ukraine Are Redefining Warfare

Cars That Think

Like fighter planes, military drones started cheap, then got expensive. Unlike the fighters, though, they got cheap again. But for the most part, the price is right: China’s DJI Mavic 3 , used by both Russia and Ukraine for surveillance and for delivering bombs, goes for around $2,000. That’s not cheap, except by U.S.

Ukraine 96
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Slow start for charge of the electric cars - Times Online

Tony Karrer Delicious EVdriven

Cheap to run but expensive to buy, they offer theprospect of low or zero carbon emissions, but manufacturers won’t sell themunless motorists want to buy them – and motorists won’t buy unless the priceis right and there are enough places to charge the batteries. Is it becuase US market prefers a "home" product?