Economy International Netherlands Oil Prices 
Green Car Congress
AUGUST 30, 2009
The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil.
Green Car Congress
JUNE 26, 2009
In addition to high oil prices and the financial crisis, the increased use of new renewable energy sources, such as biofuels for road transport and wind energy for electricity generation, had a noticeable and mitigating impact on CO 2 emissions. Fossil oil consumption decreased by one per cent, due to high prices and more biofuels.
Green Car Congress
NOVEMBER 7, 2010
Kreutz presented the paper at the 10 th International Conference on Greenhouse Gas Control Technologies ( GHGT-10 ) earlier this fall in The Netherlands. CCTF will only employ direct CO 2 capture from air when the CO 2 emission price exceeds the cost of air capture. both—can claim the benefit of carbon neutrality.
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