Saudi Arabia’s decision not to cut oil production, despite crashing prices, marks the beginning of an incredibly important change. There are near-term and obvious implications for oil markets and global economies. More important is the acknowledgement, demonstrated by the action of world’s most important oil producer, of the beginning of the end of the most
From 2010 to 2014, U.S. electric car sales surged from almost nothing to about 120,000 per year. But the haters and doubters persist. Analysts and investing forums are buzzing about a coming stagnation. After all, in the past seven months the price of oil has collapsed from $115 a barrel to below $50. Gasoline prices
Saudi billionaire businessman Prince Alwaleed bin Talal told me we will not see $100-a-barrel oil again. The plunge in oil prices has been one of the biggest stories of the year. And while cheap gasoline is good for consumers, the negative impact of a 50% decline in oil has been wide and deep, especially for
Cheap Oil and Electric Cars You are probably aware of the massive drop in the price of crude oil. It started before Christmas and it continues to fall. This can only mean one thing, electric car sales will plummet, people will start buying bigger cars with bigger engines because petrol and diesel will be dirt
Jeremy Leggett, former industry adviser, warns over plunging commodity prices and soaring costs of risky energy projects The oil price crash coupled with growing concerns about global warming will encourage at least one of the major oil companies to turn its back on fossil fuels in the near future, predicts an award-winning scientist and former
The big idea right now for solar and batteries is this: put solar panels on your roof, a battery in the backyard (or basement), and become utterly independent from the power grid, using free electricity from the sun. Batteries have long been looked to as a way to store energy solar energy during the day
What do declining oil prices mean for alternative fueled vehicles, plug-in hybrids and EVs? If anything is to be learned from the past periods where gasoline prices have dropped precipitously it is that they spell death for alternative fuels. Dropping oil prices are a very bad thing for all alternative fuels and most likely will
Eco-friendly cars have long been a good investment for Londoners. Driving an electric vehicle means you are exempt from both congestion charges and VED (road tax) both pet hates of the average motorist. There are an abundance of charging points around the City and local government offer a grant that will give you up to
Introduction “..it is fair to suggest that falling gas prices will reduce demand for fuel-efficient, hybrid and electric vehicles” -Alec Gutierrez, Kelley Blue Book “..gas prices”certainly” have an effect on electric-drive cars.“ -Jessica Caldwell, Edmunds.com The idea has been repeated often enough; rising gasoline prices cause drivers to turn to alternative fuel vehicles for relief;
The suburbs have had it rough in the last few years. The 2008-2009 economic collapse led to waves of foreclosures in suburbia, as home prices plummeted. More recently, census data suggest that Americans are actually shifting back closer to city centers, often giving up on the dream of a big home in suburbs (much less
