Green Car Congress

APRIL 10, 2015

Iran is all set to pump close to 300 million barrels of crude into the market, thereby kickstarting another potential decline in oil prices. Containing some of the largest proven oil and gas reserves in the world, Venezuela is one of the founding members of OPEC. The current oil price levels are nowhere near this.

Saudi Arabia 150

Saudi Arabia Venezuela Iran Nigeria 150

Green Car Congress

OCTOBER 6, 2015

Putin has highlighted on various occasions the contribution Russia’s mineral wealth, in particular oil and natural gas, must make for Russia to be able to sustain economic growth, promote industrial development, catch up with the developed economies, and modernize Russia’s military and military industry. percent of GDP in 2014.

Russia 150

Russia Saudi Arabia Iran Iraq 150

DIY Electric Car

NOVEMBER 28, 2010

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

USA Oil Prices Oil 2001 180

Green Car Congress

APRIL 30, 2009

Paul Taylor, Chief Economist for the National Automotive Dealers Association, had the following observations: At $4/gallon gas people looked at more economical versions of the same vehicle rather than going down in vehicle size—they continue to buy cars that meet their needs. billion/year to the DOD’s fuel bill.

Congress 150

Congress 2009 Cash For Clunkers Li-ion 150

Green Car Congress

JUNE 23, 2011

the steam required, represented by barrels of water, to produce one barrel of oil) from a peak of almost 8.5 for the first quarter of 2011, according to data from the California Department of Oil, Gas & Geothermal Resources (DOGGR). Using thermal recovery processes in heavy oil reservoirs depends largely on.

Chevron 244

Chevron Oil Oil-Sands Production 244