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Saudi Arabia will have $2 trillion to figure out an economy after oil

Green Car Reports

Oil-rich Saudi Arabia could find itself in a vulnerable position if world economies shift away from fossil fuels for transportation over the coming decades. oil Middle East energy policy transportation policy Saudi ArabiaThe Middle Eastern kingdom is now preparing for that eventually, socking away money for a post-oil economy. The government is creating a Public Investment Fund that will eventually control $2.

Saudi Arabia Plans Emission Cuts.That Don't Reduce Fossil-Fuel Use

Green Car Reports

Saudi Arabia may be one of the most oil-rich nations on the planet, but even this Middle Eastern country is planning to cut its carbon emissions. That's because as other countries work to reduce oil consumption, the Saudi government is worried about what effect efforts to combat climate change will have on its national economy. Green Middle East Saudi Arabia emissions energy policy oil transportation policy

Even Saudi Arabia vows to end its 'addiction to oil'

Green Car Reports

Oil-rich Saudi Arabia is now starting to contemplate a future in which gasoline and diesel now longer power the majority of the world's cars. It's part of a plan known as "Vision 2030" that Saudi Arabia. oil Middle East energy policy transportation policy Saudi ArabiaOver the next decade and a half, it hopes to transition its economy away from oil, largely by investing today's oil revenues in other industries.

What does OPEC think about electric cars? Same as Exxon: no threat

Green Car Reports

oil plug-in cars Saudi Arabia ExxonJust over five years after the first modern electric cars went on sale in significant numbers, they have become firmly entrenched in the marketplace. Carmakers are planning more electric models to satisfy both consumer demand and increasingly-strict emissions standards. But do the interests behind oil production see electric cars as a threat to.

Saudi Arabia Uses Your Gas Dollars To Fund.Solar Energy

Green Car Reports

Renewable energy, especially solar, is making inroads into the U.S. power grid, but it's a very slow process. And especially in the wake of the Solyndra collapse, it's one fraught with political wrangling. But there's another country that plans to invest heavily in solar power, hoping to provide fully 30 percent of its energy needs from the sun in

Opinion: Saudi Arabia Continues To Turn Screws On US Shale

Green Car Congress

Saudi Arabia continues to ratchet up production, taking market share away from US shale producers. According to OPEC's latest monthly oil report , Saudi Arabia boosted its oil output to 10.31 Saudi Arabia has increased production by 700,000 barrels per day since the fourth quarter of 2014 in an effort maintain market share. In other words, as Saudi Arabia ramps up, US shale is being forced to cut back. by James Stafford of Oilprice.com.

Era Of Cheap, Subsidized Gasoline To End In United Arab Emirates

Green Car Reports

oil Middle East energy policy United Arab Emirates Saudi ArabiaGlobal oil prices have remained fairly low for most of this year, which should be good news for people in most of the industrialized world. But that's not the case in the oil-rich United Arab Emirates. The continued slump in prices has prodded the seven-state federation to make a somewhat radical change in policy. DON'T MISS: IMF: Fossil Fuels.

Dow to invest in water desalination and reuse technologies in Saudi Arabia

Green Car Congress

The Dow Chemical Company plans to invest in a best-in-class manufacturing facility for Dow FILMTEC reverse osmosis (RO) elements in the Kingdom of Saudi Arabia. The proposed facility would deliver local supply security of advanced technologies for water desalination and water re-use for potable, non-potable and industrial water serving Saudi Arabia, the surrounding Middle East and North Africa region and emerging markets worldwide.

Jordan Wants To Boost Electric-Car Adoption; Solar Charging To Come

Green Car Reports

Located between Israel and Saudi Arabia, Jordan isn''t generally thought of in connection with electric cars, but its government hopes to change that with a combination of incentives and infrastructure buildup. Jordan may soon join the list of countries that heavily promote electric cars.

Opinion: Oil Price War May Benefit both US Shale and Saudi Arabia

Green Car Congress

The US shale oil industry faces an implacable foe in the current crisis: Saudi Arabia. Saudi Arabia is uniquely positioned to withstand low oil prices given that inside sources say the country has nearly $800 billion in reserves to weather the storm. At this point, Saudi Arabia’s currency reserves are roughly equal to the combined market capitalization of the entire US shale oil industry. by Michael McDonald on Oilprice.com.

Aramco opens R&D center in Detroit area; fuels research with focus on novel fuels/engines systems for reduced CO2

Green Car Congress

The Aramco Research Center-Detroit was inaugurated as one of three US-based research and development (R&D) centers aimed at expanding the global research capabilities of Saudi Aramco, the leading global integrated energy and chemicals company. Nasser, President and CEO, Saudi Aramco. Aramco’s other research facilities are located in Aberdeen; Delft, The Netherlands; Daejeon, Korea; Paris; and Beijing; as well as Dhahran and Thuwal, Saudi Arabia.

Elektromotive Lands EV Infrastructure Deal with KAUST in Saudi Arabia

Green Car Congress

King Abdullah University of Science and Technology ( KAUST ), a new graduate-level research university located in Thuwal, Saudi Arabia, has commissioned UK-based Elektromotive to install 150 Elektrobay charging stations across its campus by September 2009—one of the largest single EV infrastructure deals so far.

Elektromotive to make breakthrough in Saudi Arabia

Green Cars News

Saudi Arabia is probably the last place you’d expect to see a concerted shift towards emission free motoring - after all, the Kingdom is the world’s leading oil producer and exporter. Tags: Electric cars Elektromotive Green cars Latest news charging points electric car charging points Elektrobays Saudi Arabia

Gasoline demand rises in U.S., China, and India; more growth expected

Green Car Reports

So even though Saudi Arabia has refused to constrain its production to. Gasoline prices, which fell below $2 a gallon in many parts of the United States over the winter, have been slowly rising again. And given the supply-and-demand equations in the global oil industry, that means that demand has risen as supplies have stayed steady or fallen. Green Gasoline India fuel consumption oil supply and demand

Fuel efficient car prices reach their peak

Green Cars News

Green cars Latest news crude oil prices fuel efficient car prices fuel efficient cars Kelley Blue Book Kelley Blue Book prices Saudi ArabiaWith petrol prices starting to fall, so at last are the prices for fuel efficient vehicles. According to Kelley Blue Book’s kbb.com, prices increased close to 25 per cent through 20 weeks of consecutive gains. However, values for fuel efficient used vehicles have now peaked as for the first time since January, values for compact, [.].

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Afghanistan to power electric cars?

Green Cars News

Afghanistan could become the ‘Saudi Arabia of lithium’ an internal memo from the US Pentagon hints after new research revealed that the country has vast reserves of the valuable mineral. According to the New York Times, a US geological survey of the war-torn country reveals that it may have huge deposits of minerals including iron, [.].

Opinion: The Saudi Oil Price War Is Backfiring

Green Car Congress

Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump.

EIA: nearly 69% of US crude oil imports in 2011 originated from 5 countries; Canada alone accounted for 25%

Green Car Congress

The amount of crude oil the United States imported from its top five foreign suppliers—Canada, Saudi Arabia, Mexico, Venezuela, and Nigeria—increased slightly during 2011, even though total US crude oil imports fell to their lowest level in 12 years, according to the US Energy Information Administration. Canada, Saudi Arabia, Mexico, Venezuela, and Nigeria have consistently been America’s five largest crude oil suppliers, although their rankings varied from year to year.

Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices.

Opinion: China To Continue Expanding Its Influence In The Oil And Gas Sector

Green Car Congress

In 2009, for the first time, Saudi Arabia exported more of its oil to China than it did to the U.S. China also made large investments in Saudi Arabia’s oil refining industry as well. by John Manfreda for Oilprice.com. Since 2009, China has been taking a much more active role in its pursuit of international oil contracts. But China’s oil investments didn’t stop there; they also pursued oil producing Canadian assets in 2011-12.

New statistical method to detect ozone pollution hot spots and monitor instrument failure; combining PCA and MEWMA

Green Car Congress

A new statistical method developed by researchers at KAUST (King Abdullah University of Science and Technology, Saudi Arabia) can detect abnormal ozone levels within large bodies of monitored data. Sun and her colleagues also hope to apply their data analysis techniques to dust pollution, another major environmental issue in Saudi Arabia.

What Does The Next OPEC Meeting Have In Store?

Green Car Congress

The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran. 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. by Rakesh Upadhyay for Oilprice.com.

Kelley Blue Book reports that values for fuel-efficient used vehicles have peaked

Green Car Congress

On 8 June 2011, the Organization of the Petroleum Exporting Countries (OPEC) announced that crude oil production would be held constant; however, on 10 June 10, 2011, Saudi Arabia broke rank announcing that it would increase crude oil production to 10 million barrels per day (13% more than May levels). Kelley Blue Book’s www.kbb.com reports that after increasing close to 25% throughout 20 weeks of consecutive gains, values for fuel-efficient used vehicles have now peaked.

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

Green Car Congress

Saudi Arabia is preparing to unveil how much oil it holds, a closely guarded state secret that has been kept quiet for decades. The decision to bring such important data to light comes as Saudi Aramco is preparing to partially privatize its assets, an IPO that could bring in some $100 billion. Saudi Arabia often trades off with Russia—and more recently, with the US—as the world’s largest oil producer. But nobody knows except the Saudis.

IEA says oil supplies may not keep up with demand

Green Car Congress

Saudi Arabia will remain one of the largest and most important oil producers in the world, but it probably won’t be able to ramp up production much beyond its current levels. by Nick Cunningham of Oilprice.com. Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades.

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US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

Green Car Congress

Alternate routes to the Strait include: The 745-mile long Petroline, also known as the East-West Pipeline, across Saudi Arabia from Abqaiq to the Red Sea.

Iran negotiations, OPEC meeting loom for oil markets

Green Car Congress

There has been a flurry of diplomatic activity behind the scenes in the last few weeks as OPEC members plead their case with Saudi Arabia to cut back production. Saudi Arabia has thus far showed no willingness to cut production, with officials earlier this month suggesting they would only act if oil prices dropped to around $70 per barrel. by Nick Cunningham of Oilprice.com.

EIA: China is now the world’s largest net importer of petroleum and other liquid fuels

Green Car Congress

Saudi Arabia continues to be the largest supplier of crude oil to China and in 2013 provided 19% of China’s 5.6

New self-propelled robotic device pinpoints leaks in pipes more accurately than existing methods

Green Car Congress

Researchers at MIT and King Fahd University of Petroleum and Minerals (KFUPM) in Saudi Arabia have devised a robotic system that can detect leaks in gas, oil and water pipelines at a rapid pace and with high accuracy by sensing a large pressure change at leak locations.

PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

Green Car Congress

Other G20 (Australia, Korea, EU, South Africa, Saudi Arabia, Argentina). PwC analysis finds a need for global carbon intensity to drop an average of 5.1% per year through 2050. Click to enlarge.

Fisker reports more than $100M in revenue Jan-Apr 2012; more than $1B in funding since 2007

Green Car Congress

Al-Futtaim and its network of experienced retailers will allow Fisker to reach customers in the UAE, Saudi Arabia, Qatar, Oman, Bahrain, and Egypt. The EVer (Electric Vehicle extended range) powertrain of the Fisker Karma. Click to enlarge. Fisker Automotive published its first business update, announcing that revenues had exceeded $100 million in the first four months of 2012.

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Opinion: There Is No Such Thing As Peak Oil Demand

Green Car Congress

By the time that Saudi Arabia finally acted to protect not only its place among suppliers but also, and more importantly, the role of oil in the world economy. by Dwayne Purvis for Oilprice.com.

OPEC’s Output Freeze: What Has Changed Since Doha?

Green Car Congress

This is a delicate balancing act that the Saudis need to play very carefully. The question is, how many times can the Saudis cry wolf without forever losing the ability to leverage this chatter to affect a rise in oil prices? Saudi Arabia.

Saudis Expand Price War Downstream

Green Car Congress

In June 2015, Saudi Arabia pumped a record 10.564 million barrels a day, a record level. Saudis have moved into the product business in a big way,” said Fereidun Fesharaki of FGE Energy. How will Saudi Arabia Capture Market Share Downstream?

Day Of Reckoning For US Shale Will Have To Wait

Green Car Congress

Moreover, Saudi Arabia and Russia have both increased production to their highest levels since the early 1990s.” Not only are Russia and Saudi Arabia keeping production elevated, new gains in oil production from the Middle East could offset any declines in the United States. by Nick Cunningham of Oilprice.com.

Rosneft and ExxonMobil start drilling in the Arctic Kara Sea

Green Car Congress

The Kara sea oil province could exceed in terms of resources volume such oil and gas provinces as Gulf of Mexico, Brazilian shelf, Arctic shelf of Alaska and Canada and is comparable with the current resource base of Saudi Arabia.

Opinion: Saudis Planning For A War Of Attrition In Europe With Russia’s Oil Industry

Green Car Congress

Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. lately due to increased competition from Saudi Arabia. by Nick Cunningham of Oilprice.com.

Carbon capture won’t clean up tar sands

Green Cars News

Canada’s proven tar sands reserves are 173 billion barrels of oil, second only to Saudi Arabia. Carbon capture technology will not solve the climate change threat posed by the expansion of tar sands developments, a damning new report warns today.

Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

Green Car Congress

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil.

Opinion: Crushing the US energy export dream

Green Car Congress

billion barrels) in the world with only 19% of Canada’s reserves and 12% of Saudi Arabia’s reserves. For all the fanfare about the US surpassing Saudi Arabia in production of crude oil, we are not even players in reserves. by Arthur E. Berman for Oilprice.com.