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Bank of America: Oil Demand Growth to Hit Zero Within a Decade, EVs the Culprit

Green Car Congress

Any major disruption to cobalt today would likely curb EV proliferation in the early 2020s, in turn supporting long dated crude oil prices,” Bank of America Merrill Lynch warned. There are a long list of other uncertainties that complicate such medium- and long-term forecasting. The EV market is also rife with uncertainty.

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Why Is The Shale Industry Still Not Profitable?

Green Car Congress

Echoing the criticism of too much hype surrounding US shale from the Saudi oil minister last week, a new report finds that shale drilling is still largely not profitable. Riyadh-based Al Rajhi Capital dug into the financials of a long list of U.S. The average return on asset for US shale companies “is still a measly 0.8

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Are The Saudis About To Reveal The Best Kept Secret In Oil?

Green Car Congress

That is because of two reasons—the size of its reserves, and the ability to use latent spare capacity to quickly adjust supply, affording it an outsized influence on crude oil prices. However, the collapse of oil prices since 2014 has pushed the Saudi budget deep into the red. But nobody knows except the Saudis.

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What Does The Next OPEC Meeting Have In Store?

Green Car Congress

The 2 June 2016 OPEC meeting will be held amid a backdrop of oil prices near $50 per barrel, a sharp drop in Nigerian production due to sabotage, turmoil in Venezuela, Saudi Arabia operating with a new oil minister, and Iran aggressively pumping close to pre-sanction levels.

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NYT Editorial

Plug In Partners

Editorial Trying to Find the Road Ahead Published: January 24, 2006 W ith its bonds downgraded to junk and its market share on the ropes, Detroit's auto industry almost looks to be in a free fall. Judging from the reaction to Geely at the auto show, American automakers may soon be adding the Chinese to their list of global competitors.

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Toyota Plug In

Plug In Partners

The list of attendees includes Senator John Kerry (D-Mass.); Event Summary Oil prices are at record highs. Detroit could not only pre-empt this market in America, but also could establish a true world car that would help relieve all countries of their overwhelming dependence on oil for automotive transportation.

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