Middle Eastern oil producers are worried that more people will buy EVs in light of the high oil prices. Iraq’s oil minister, Ihsan Abdul Jabbar, shared these thoughts with the New York Times, noting that members of the Organization of the Petroleum Exporting Countries (OPEC) are concerned about this possibility. … [continued]
Originally posted on EVANNEX. By Charles Morris The transition to electric vehicles and renewable energy is already creating winners and losers. We write about the winners often in this space — they include just about anyone who invested in Tesla since the 2010 IPO, especially those who followed a buy-and-hold strategy, as … [continued]
OPEC is beginning to see the writing on the wall. Demand for oil is declining and may never recover. That’s good news for the Earth.
The oil and gas industry has been in a recession, effectively since the global financial crisis 11 years ago. Each year, production volumes have increased by more than global demand, meaning that the market has been in decline, with lower prices for crude oil and natural gas the natural result.
The demand for oil is plummeting as a result of a global economic slowdown created by the coronavirus. OPEC tried to get its members to cut production to boost prices. It failed.
For our hot new Cleantech Talk podcast interview series, I recently sat down with Ross Gerber, cofounder, president, and CEO of Gerber Kawasaki Wealth and Investment Management, to discuss cleantech innovation, Tesla, climate change, insurance companies, and more. The conversation was approximately one hour long, so to cut it down into more manageable portions, we’ve split it up into a couple of episodes. Listen on your favorite podcast platform or via the embedded player below.
One of the speakers was Saudia Arabia’s Permanent Representative to the UN, Abdallah Al-Mouallimi. He began with the official statement (as of that day, November 1st, 2018) about the massacre of Saudi journalist Jamal Khashoggi. Then he and Secretary Condoleezza Rice got down to the business of how Saudi Arabia plans to remain a viable country as demand for oil shrinks. As oil represents 46% of its GDP and 87% of its exports, this is a massive challenge to its (rather imbalanced) economy. Rice asked him a host of touchy questions with the utmost diplomacy, as expected from a former Secretary of State.
Ken Bossong, Executive Director of the Sun Day Campaign, answered some questions about American energy production and consumption issues for CleanTechnica.
The US will supply much of the world’s additional oil for the next few years, according to a new report from the International Energy Agency (IEA).
Tesla is growing. It is struggling with growing pains, but it’s still far and away the biggest corporate driver of the EV revolution. We can’t tease out corporate or government policies enough to make a list of things that wouldn’t exist if not for Tesla, but we know it’s a long and awe-inspiring list.
