Green Car Congress

APRIL 10, 2015

With its headquarters in Vienna, Austria, one of the mandates of 12-member OPEC is to “ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.” Source: opec.org).

Saudi Arabia 150

Saudi Arabia Venezuela Iran Nigeria 150

Green Car Congress

OCTOBER 6, 2015

Energy is the foundation of Russia, its economy, its government, and its political system. Russia supplied about 30 percent (146.6 They pose an existential threat to the industry and therefore to the Russian economy: The revenues Russia can earn from its crude and natural gas exports face intense pressure. mmbbl/day) in 2013.

Russia 150

Russia Saudi Arabia Iran Iraq 150

DIY Electric Car

NOVEMBER 28, 2010

1979 saw world oil prices skyrocket during the Iranian revolution and American Hostage Crisis and by the early 1980s the American Economy was right back into a recession. The economy was slowed by their actions but it didn?t t stop the economy. This increase in oil prices again pushed the economy into a recession.

USA 180

USA Oil Prices Oil 2001 180

Green Car Congress

AUGUST 25, 2015

CME Brent oil futures project continuity: as of August 18, 2015, CME Brent futures projected the price remaining below $60/bbl until June 2017. Are the futures market, CNBC’s oil traders, analysts, and major fund investors, and others, being lulled into an unjustified consensus? million barrels/day in 2014 to 7.55 MMbbls/day.

Saudi Arabia 150

Saudi Arabia Russia Oil 2015 150