article thumbnail

Budget Drones in Ukraine Are Redefining Warfare

Cars That Think

Like fighter planes, military drones started cheap, then got expensive. Unlike the fighters, though, they got cheap again. Like fighter planes, military drones started cheap, then got expensive. Unlike the fighters, though, they got cheap again. That’s not cheap, except by U.S. Reaper, which it broadly resembles.

Ukraine 108
article thumbnail

Junkyard Find: 1992 Geo Metro 4-door hatchback

The Truth About Cars

Gas was cheap during the late 1980s and early 1990s, other than a spike after Iraq invaded Kuwait , but some car buyers still wanted good fuel economy. My guess is that the reels turned over once, for a total of 162,150.9 Gets 100 kilometers per 4.5 liters of gasoline on the Canadian highway.

Suzuki 104
article thumbnail

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. Iraq’s Issues. After Saudi Arabia, Iraq is the biggest crude oil producer in OPEC.

article thumbnail

Saudis Expand Price War Downstream

Green Car Congress

The crude is so cheap it’s pretty much free for them, the margins are going to be massive. Indian refiners are now buying more crude oil from Nigeria, Iraq, Venezuela and Mexico. The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil.

article thumbnail

The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

Green Car Congress

His assessments are based on regional (OPEC) developments, as production of oil and gas in the so-called cheap oil regions is also under threat. But the current production increases in Nigeria, Iraq and Libya, will most probably be temporary. Qatar’s remaining fields are experiencing similar threats.

Oil 186
article thumbnail

IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

Oil and the Transport Sector: Reconfirming the End of Cheap Oil. The largest increase in oil production comes from Iraq, followed by Saudi Arabia, Brazil, Kazakhstan and Canada. World transportation oil demand by mode in the New Policies Scenario. Click to enlarge. trillion in subsidies over the projection period.

Oil 247
article thumbnail

Electric Cars and a Smarter Grid - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

I liken electric grid and renewable to the economic and political and military fiasco of the Iraq war. So, the used batteries are almost arbitrarily cheap since an arbitrarily large fraction of their cost of production can be loaded on their use in transportation. Alternative is no longer an alternative. Oil is the alternative.

Grid 47