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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

Green Car Congress

Nigeria or Algeria cannot do the same for their oil industry. Petro-states are compensated to transition smoothly to a sustainable economy, avoiding a last-ditch attempt to flood the world with cheap oil and gas. Saudi Arabia and Kuwait might, and should be encouraged to do so. —Goldthau et al. Geopolitical friction is low.

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Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

Cheap oil has created a huge financial crisis for Venezuela as its economy is heavily dependent on oil exports and oil revenues constitute about 95% of its total foreign exchange earnings. Containing some of the largest proven oil and gas reserves in the world, Venezuela is one of the founding members of OPEC.

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Europe Expands Virtual Borders To Thwart Migrants

Cars That Think

If it were legal to deliver rescued migrants to Libya, it would be as cheap as sending rescue boats a few extra kilometers south instead of east. Mali was a conflict zone, so he moved on to Algeria, but he lacked a work permit, and employers would underpay him or fail to pay him altogether.

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