 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 by Ray Downs Washington (UPI) Nov 23, 2018
Oil prices dropped 7 percent Friday -- marking the lowest price for crude in more than a year. According to CNBC, the price drop increases pressure on the Organization of Petroleum Exporting Countries before member countries meets with non-OPEC nations in Vienna, Austria, on Dec. 6. "The imminent OPEC meeting in Vienna is unlikely to provide massive support this time around because of the troubling situation in and around Saudi Arabia," Eugen Weinberg, head of commodities research at Commerzbank, said in a Wall Street Journal report. The Journal reported the price decrease comes after a period in early October in which oil prices reached their highest rates in years. But recent geopolitical events, combined with pessimistic outlooks on the global economy and supply-and-demand concerns, caused the prices to plummet. President Donald Trump praised the recent drop in oil prices on Wednesday. "Oil prices getting lower. Great! Like a big Tax Cut for America and the World. Enjoy! $54, was just $82. Thank you to Saudi Arabia, but let's go lower!" Trump tweeted.
Smart car technologies save drivers $6.2 billion on fuel costs each year Hoboken NJ (SPX) Nov 23, 2018 On one of the busiest traveling holidays of the year, drivers may be focusing on getting to grandma's house for Thanksgiving dinner, not on what smart car technologies are saving them in fuel costs. But in the first study to assess the energy impact of smart technology in cars, researchers at Stevens Institute of Technology have put a number on the potential fuel-cost savings alone: $6.2 billion. "That's not insignificant," said Yeganeh Hayeri, an assistant professor at Stevens whose work lies at ... read more
|
|||||||||||||
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |
del.icio.us
Digg
Reddit
Google
