Air pollution reduces life expectancy in the world’s two most populous countries by around two years – by 25 months in China and 23 months in India, according to a report by the International Energy Agency.
Oil production, the country’s lifeblood, has plummeted as the neglected state-owned energy sector crumbles.
Fuel Freedom Foundation co-founder and chairman Yossie Hollander took moderated a panel discussion on oil markets and geopolitics at the 16th annual gathering. Analyst Bob McNally predicted that “oil prices are likely to be much more volatile in the future than they have in the past.”
Oil prices fell about 5 percent in New York’s morning trade on Friday after Britain’s vote to leave the European Union led to huge risk aversion and rally in safe havens like the U.S. dollar that could derail a three-month long recovery in global oil markets.
A government official says that it would be best if all new cars sold in Germany were emissions free by 2030 to help meet pollution reduction goals.
Nissan has announced its intention to create a fuel-cell vehicle powered by ethanol instead of the traditional hydrogen. Nissan executive vice president Hideyuki Sakamoto cited a few reasons for the move towards ethanol:
Air pollution has become a major contributor to stroke for the first time, with unclean air now blamed for nearly one third of the years of healthy life lost to the condition worldwide.
A group calling itself the “Niger Delta Avengers” has launched numerous attacks on oil infrastructure in Nigeria since February. These attacks have caused the already-vulnerable African economy to spiral further toward a recession. Read more →
Elon Musk likely has a new spring in his step this week as news circulated that Norway is planning to stop the sale of gasoline-powered cars by 2025. Read more →
Global crude oil supply has suffered significant disruption in recent weeks from sabotage in Nigeria, fires in Canada, and political failure in Venezuela, supporting a rise in prices to nearly $50 a barrel.
