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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

Venezuela, an OPEC member, has even proposed an emergency summit meeting. and China markets, while the Russian Finance Ministry recently backed away from a tax proposal which Russian crude producers said would reduce their output. Their suffering has led some to call for a change in strategy to “balance” the market and boost prices.

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Electric cars to account for 64 per cent of car sales by 2030

Green Cars News

This level of adoption is made possible by the lower purchase price and reduced per-mile driving cost of electric cars with switchable batteries as compared to gasoline-powered cars. million barrels per day, equivalent to the amount currently imported daily from the Persian Gulf region and Venezuela. light-vehicle fleet by 2030.

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One Million and 300 Million

Plug In Partners

The plans include a $ 7,000 tax credit to drivers who buy advanced-technology vehicles and $4 billion in direct assistance to Detroit automakers to help them build hybrid vehicles in the U.S. “I We can do this,” he vowed in Michigan, the nation’s car capital, promising to spend $150 billion over 10 years on the effort.

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