Economy Oil Prices Stimulus 
Green Car Congress
SEPTEMBER 20, 2011
Particularly during the surge of what was called the “knowledge-based economy” from 1991 to 2000, global economic productivity increased without parallel increases in energy use. In addition to technological advances, price developments play a key role in determining overall energy usage, Worldwatch notes.
Green Car Congress
JUNE 1, 2016
According to a separate report from SAFE, a Washington-based think tank, the oil industry has cut somewhere around $225 billion in capex in 2015 and 2016, which will lead to global supplies 4 million barrels per day lower in 2018-2020, compared to what market analysts expected as of 2014. The price acts as a self-correcting mechanism.
Green Car Congress
APRIL 18, 2020
March appears to have been solid, on preliminary data, and April may even reach prior-year volumes thanks to strong government stimulus, but we do not see all of the lost volume being made up. The local industry is already recovering, with commercial vehicle plants re-opened.
Green Car Congress
APRIL 7, 2010
EIA projects that world oil consumption will grow by 1.5 This growth is the result of an expected recovery in the global economy, with world gross domestic product (GDP, on an oil-weighted basis) assumed to rise by more than 3 percent per year. in 2011, primarily because of projected rising crude oil prices.
Tony Karrer Delicious EVdriven
APRIL 30, 2009
moves to tighten fuel-economy and greenhouse gasrules. Tax Credits Instead, Obama backed tax credits of as much as $7,500 inthe stimulus package approved in February for buyers of plug-incars. Oil prices are going to go up. General Motors Corp., Toyota Motor Corp. and Nissan MotorCo., and startups Tesla Motors Inc.
Wallbox
JANUARY 4, 2021
Moreover, with the massive drop in oil prices , gas-powered vehicles are more economical to operate, which makes it harder to argue that EVs will help drivers save money on fuel. In fact, just a few days ago Germany and France announced a €500 billion green recovery fund to accelerate the EU’s shift to a low-carbon economy.
Green Car Congress
APRIL 7, 2021
EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel. That price increase paired with an increase in gasoline and diesel demand will likely increase the cost of regular gasoline and diesel fuel this summer. gal on 22 March.
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