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Cheap gasoline is good news for the economies of most countries, but not those that rely on oil exports. In some cases, that means cutting back on cheap gas for their own citizens. The sustained fall in global prices has led oil-producing countries to search for ways to keep their revenues up.
Saudi Arabia and Kuwait might, and should be encouraged to do so. 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. Nigeria or Algeria cannot do the same for their oil industry. —Goldthau et al. Technology breakthrough. ?A
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.
Even better news during a time of recession in California (which is where I found this car) is the fuel economy it delivered with a five-speed manual transmission: 40 miles per gallon on the highway, 38 miles per gallon in the city. The good news is that it has electronic fuel injection and an overhead camshaft. Gets 100 kilometers per 4.5
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