Lithium-Ion Battery Sales Expected to increase by more than 700% by 2017

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Oil Price Daily News Update


Lithium-Ion Battery Sales Expected to Increase by More than 700% by 2017

Posted: 15 Mar 2012 12:33 PM PDT

Many hope that electric vehicles (EVs) and plug in hybrid electric vehicles (PHEVs) will grow in popularity to overtake petrol and diesel cars, and help reduce our reliance on oil, whilst also reducing carbon emissions. Pike Research, a market research and consulting firm focussing on clean technologies, has released a new report named “Electric Vehicle Batteries”. The report describes that the market revenue for Lithium-ion batteries used in EVs and PHEVs “will grow over 700%, from $2.0 billion annually in 2011 to greater than…

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What’s at Stake with Iranian Sanctions?

Posted: 14 Mar 2012 03:47 PM PDT

Officials from New Delhi are due back from their recent trade visit to Iran with high hopes of an expanded economic relationship. India, together with Japan and China, buy about half of the oil Iran has for sale on the international market. New Delhi had faced difficulties in paying for the crude oil it buys from Iran because of expanded economic sanctions imposed by Western governments. Given the initial criticism offered by the Indian Embassy in the United States, it’s unlikely any level of Western criticism is going to do much to diminish India’s…

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Taiwan Looks to Russia to Secure Energy Imports and Independence from China

Posted: 14 Mar 2012 03:44 PM PDT

A number of nations live in a diplomatic “twilight zone,” largely bereft of global diplomatic recognition. These include the Turkish Republic of Northern Cyprus, whose unilateral declaration of independence in 1983 has only been recognized in the last 29 years and only by Turkey. Former Yugoslavian republic of Kosovo has fared somewhat better; following its unilateral declaration of independence in 2008 after nine years of UN occupation, Kosovo has attracted diplomatic recognition from 90 countries. But Taiwan, the self-styled “Republic…

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The Global Economy is Now More Vulnerable to Oil Prices than Ever

Posted: 14 Mar 2012 03:36 PM PDT

This paper examines the impact of oil price changes on global economic growth. Unlike some recent studies, this paper finds that oil price rises have had significant negative impacts on world economic growth. A time-series analysis of the data from 1971 to 2010 finds that an increase in real oil price by 10 dollars is associated with a reduction of world economic growth rate by between 0.4 and 1% in the following year. As oil prices approach historical highs, the global economy may be vulnerable to another oil price shock. As oil prices approach…

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A Case for a European FracFocus

Posted: 14 Mar 2012 03:30 PM PDT

Exxon Mobil’s chief executive called for disclosure of so-called fracking fluid during the IHS CERA energy conference last week in Houston. Fracking has become a hot-button issue in the United States as natural gas development kicks into high gear. In Europe, the French government said the risks outweighed the gains and decided last year to ban fracking outright. Exxon, however, posits that transparency may ease the minds of policymakers in a European economy on the cusp of its own shale gas boom. Environmental advocacy groups in the United…

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Yemen’s Unrest’s Larger Implications

Posted: 14 Mar 2012 03:27 PM PDT

Yemen, beloved of the Travel Channel, is the largely unknown corner of the southwestern Arabia peninsula. Its oil production is modest compared to its giant northern neighbor, Saudi Arabia, but political events there have concerned Riyadh for decades, and since 9/11 western governments, as Yemen was the ancestral home of Osama bin Laden, and incubator of several of the 9/11 hijackers. It is concern for the ongoing political instability emanating from the country and its ability to destabilize its wealthy northern neighbor, a key OPEC player, that…

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A Golden Future for Natural Gas in the US

Posted: 14 Mar 2012 03:23 PM PDT

The combination of still sharply rising US production, a mild winter in the US, and high inventories caused the Henry Hub price to fall to its lowest level since 2002. We believe, that at the current price level, the risk/return profile is very attractive. US natural gas (Henry Hub) since 1990Sources: Erste Group Research, Datastream In relation to oil, natural gas has fallen to the lowest level since 1970. Oil/gas ratio Sources: Erste Group Research, Datastream It seems as if the natural gas prices are about to find a bottom. We believe that,…

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4 Million Americans Could be Under Water by 2100

Posted: 14 Mar 2012 03:13 PM PDT

The idea of climate change affecting the planet is hardly contested anymore; the evidence is fairly conclusive. As the planet warms up, sea levels are expected to rise due to glacial melt and thermal expansion (of the water). This rise in sea level has many low lying nations concerned for their future existence, especially following a recent report by the the Intergovernmental Panel on Climate Change (IPCC) which predicted the seas will rise by nearly 6.6 feet (2 metres) by 2100. The Maldives are looking to buy land in Australia, and Fiji is in…

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