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What’s Going On With Saudi Arabia and the Petrodollar?

The Truth About Cars

On June 9th, Saudi Arabia decided against renewing a deal with the United States to continue trading oil in U.S. As this represents a major shift in international trade, many independent and foreign outlets claimed the nation dumping the “petrodollar” would fundamentally change the global market. However, we’re now seeing U.S.

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Baker Institute team says fossil fuel subsidies need global reform

Green Car Congress

Fossil fuels still receive most of the international government support provided to the energy sector despite their “well-known environmental and public health damage,” according to new research from Rice University’s Baker Institute for Public Policy. Costs ranged from a low of 0.3% Subsidies remained sticky outside the G20 as well.

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bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

Green Car Congress

bp released the 70 th annual edition of the bp Statistical Review of World Energy ; the data collected in this year’s edition includes energy data for 2020. The Review captures the significant impact the global pandemic had on energy markets and how it may shape future global energy trends. million b/d).

2020 397
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AFRY, RINA study points to feasibility and attractiveness of Gulf-to-Europe hydrogen pipeline

Green Car Congress

With abundant renewable energy sources (RES) and natural gas reserves, the Gulf region is set to become a leading global producer of green and blue hydrogen, ammonia and other synthesis products. kg starting from the 2030s, decreasing to around €2.3/kg kg in the longer term.

Hydrogen 370
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Baker Institute expert: crude-oil production increase a risky strategy for Saudi Arabia

Green Car Congress

A number of factors are pushing Saudi Arabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy.

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Air Products announces multi-billion dollar net-zero blue hydrogen energy complex in Edmonton, Alberta

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in conjunction with the Government of Canada and the Province of Alberta, announced a multi-billion dollar plan to build a landmark new net-zero blue hydrogen energy complex. Canada’s clean energy diversification strategy and regulatory framework make clear that hydrogen is a key enabler for carbon neutrality by 2050. blue hydrogen).

Hydrogen 450
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Louisiana Governor and Air Products announce US$4.5B blue hydrogen clean energy complex in Eastern Louisiana

Green Car Congress

billion clean energy complex to be built in Louisiana that will make the state a leader in the US clean energy transition. Air Products has already received approval from the State Mineral and Energy Board, which is part of the Louisiana Department of Natural Resources, for the permanent sequestration of the CO 2.

Louisiana 391