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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

Green Car Congress

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60

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Opinion: Blaming Rising Fuel Prices on High Temps is Dumb

The Truth About Cars

Meanwhile, increased temperatures lead to increased air conditioning use that draws more energy from the grid — 60 percent of which is powered by fossil fuels inside the U.S.& & “Usually it takes a hurricane to move prices that much,” he said.& & Oil prices spiked dramatically following the 2020 presidential election.

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