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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. The sustained fall in global prices has led oil-producing countries to search for ways to keep their revenues up. In some cases, that means cutting back on cheap gas for their own citizens.

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Junkyard Find: 1992 Geo Metro 4-door hatchback

The Truth About Cars

If we're talking about realistic Metro competitors here, the base 1992 Ford Festiva actually managed to undercut the price tag on the cheapest possible Metro two-door hatchback that year: $6,911 versus $6,999. Amazingly, the right-side mirror was included at no extra cost on all 1992 Metro models except the gas-mileage-king XFi.

Suzuki 97
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Fusion Fuel Green partners with CCC to develop green hydrogen demonstrator plants in Middle East

Green Car Congress

The companies plan to develop demonstrator plants in several countries in the region, namely Oman, Kuwait, and Qatar. Territories that were largely desert in the middle of the 20th century are now thriving oil economies. Until green hydrogen becomes price competitive, it cannot fulfil its promise.

Fusion 170
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Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

Simply put, the world has too much oil at the moment which has resulted in the reduction of price levels from approximately $100 to $50 a barrel, and OPEC (as well as US shale producers) has a major role to play in this supply glut. The current oil price levels are nowhere near this. Venezuela’s Woes. Nigeria’s dilemma.

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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

Energy is the foundation of Russia, its economy, its government, and its political system. Even a casual glance at the IMF’s World Economic Outlook statistics for Russia shows the tight correlation since 1992 between GDP growth on the one hand and oil and gas output, exports, and prices on the other (economic series available here ).

Russia 150
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The Real Reason for USA based Economic Recessions.

DIY Electric Car

There have been 5 recession since then until now and I wanted to see if Oil had anything to do with them, because deep in my heart, I knew the most recent recession was directly caused by the oil price spikes that started in 2007 and peaked in 2008. OPEC quadrupled the price of oil and the US quickly fell into recession.

USA 180
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Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

How did the high fuel prices impact customer behavior in 2008? A $1 change in gas prices can lead to a 4-6% shift in take rates (i.e. Alexander Edwards, President, Automotive Strategic Vision believes the exodus from full size SUVs was caused by economic caution as much as higher gas prices. —Bill Cooke.

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