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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

Green Car Congress

In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. The Saudis obviously miscalculated the degree to which their shift would negatively impact oil prices.

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What Does The Next OPEC Meeting Have In Store?

Green Car Congress

The 2 June 2016 OPEC meeting will be held amid a backdrop of oil prices near $50 per barrel, a sharp drop in Nigerian production due to sabotage, turmoil in Venezuela, Saudi Arabia operating with a new oil minister, and Iran aggressively pumping close to pre-sanction levels. OPEC is in a difficult situation.”.

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EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

EV MYTH ONE: Manufacturing EVs is just as bad for the environment as ICEVs. It makes sense that during their usable life, electric vehicles are better for the environment than their ICEV counterparts, as they aren’t powered by fossil fuels. EV MYTH TWO: Producing electricity for EVs is just as bad for the environment as using ICEVs.

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EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

EV MYTH ONE: Manufacturing EVs is just as bad for the environment as ICEVs. It makes sense that electric vehicles are better for the environment than their ICEV counterparts, as they aren’t powered by fossil fuels. EV MYTH TWO: Producing electricity for EVs is just as bad for the environment as using ICEVs.