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Oil price tumbles after OPEC releases 2015 forecast

Green Car Congress

The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to OPEC’s latest forecast. The exceptions, the news agency reports, are Kuwait and Qatar. by Andy Tully of Oilprice.com. And that’s just one of several sour estimates.

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The Real Reason for USA based Economic Recessions.

DIY Electric Car

1979 saw world oil prices skyrocket during the Iranian revolution and American Hostage Crisis and by the early 1980s the American Economy was right back into a recession. The economy was slowed by their actions but it didn?t t stop the economy. This increase in oil prices again pushed the economy into a recession.

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Fusion Fuel Green partners with CCC to develop green hydrogen demonstrator plants in Middle East

Green Car Congress

The companies plan to develop demonstrator plants in several countries in the region, namely Oman, Kuwait, and Qatar. Territories that were largely desert in the middle of the 20th century are now thriving oil economies. We are delighted to be partnering with the CCC to open this new market.

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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. However, the country is reeling under a major economic recession since 2014 with an inflation rate of 68.5% (as on December 2014).

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Oil is cheap, so Kuwait raised its own gas price to compensate

Green Car Reports

Cheap gasoline is good news for the economies of most countries, but not those that rely on oil exports. The sustained fall in global prices has led oil-producing countries to search for ways to keep their revenues up. In some cases, that means cutting back on cheap gas for their own citizens. DON'T MISS: Even Saudi Arabia vows to end its.

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Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

Department of Defense and Fuel Economy. The operations in Kuwait and Iraq use approximately 431 million gallons of fuel per year. A portion of the user’s bodyweight is transferred directly to the floor via special legs and shoes. billion/year to the DOD’s fuel bill. billion/year to the DOD’s fuel bill.

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Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

Green Car Congress

If you are the world’s leading energy economy, you produce energy, that’s what you do.”. “A by Dalan McEndree for Oilprice.com. “If A government can stay irrational longer than it can stay solvent.”. Even in the short term, you’re dead, if you commit suicide.”. If You’re a Free Range Oil Producer.

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