Many reasons have been provided for the dramatic plunge in the price of oil to about $60 per barrel (nearly half of what it was a year ago): slowing demand due to global economic stagnation; overproduction at shale fields in the United States; the decision of the Saudis and other Middle Eastern OPEC producers to
Outside of Norway and the Netherlands, electric vehicle market share remains under 1 percent, even in environmentally progressive countries such as Iceland and Sweden. While the benefits of wider electric-car adoption — including reduced urban air pollution and a lower long-run cost of vehicle ownership — are well known, researchers in Britain have put some
Massive switch to electric cars could save drivers £1,000 a year on fuel costs, if infrastructure is built to support the vehicles Electric cars could cut the UK’s oil imports by 40% and reduce drivers’ fuel bills by £13bn if deployed on a large scale, according to a new study. An electric vehicle surge would
In isolation, it could have seemed innocuous. Sonangal, the Angolan National Oil company announced cuts in capital expenditure. The industry paid little attention. Since the current crisis began, cuts in cap-ex have been all around us. But this move, from a National Oil Company, marks a significant shift that we should all recognize. Early in
