The world's third cheapest gasoline will increase by 40 percent in order to deal with a record budget deficit of $98 billion this year. Plummeting oil prices have forced the world's largest oil exporter, Saudi Arabia, to reduce energy subsidies.
Dec 30, 2015 AFP
While many California were protesting oil trains carrying the hazardous Bakken crude, a funny thing happened—they stopped coming. While protests may have delayed the construction of new oil terminals, economics is at the root of the slowdown.
Mar 13, 2015 The Sacramento Bee
An IEA report suggests that oil prices have bottomed-out, are now on the rebound, and that demand for OPEC's oil will start rising next year. OPEC predicts that U.S. oil consumption will increase after years of decline, thanks to U.S. motorists.
Feb 12, 2015 OPEC Says U.S. Motorists
Just as plummeting oil prices have caused state and federal political leaders to consider raising gas taxes, leaders in developing nations, both oil producers and consumers, are considering reductions in national energy subsidies.
Feb 5, 2015 The New York Times
American motorists are enjoying the lowest gasoline prices in five years because OPEC chose not to reduce oil output in the hopes that decreased oil prices will be lower than the cost needed to frack oil from shale.
Dec 2, 2014 Vox
Ben Adler of Grist writes how falling oil prices will affect climate change. Cheaper gas prices may encourage more driving and more truck sales at the expense of hybrid, electric, and fuel efficient cars, but the news may not be all bad.
Oct 31, 2014 Grist
The worthy foe is not environmental regulations nor the the government or public demanding fracking moratoriums and bans. It is the falling global price of oil. Two radio reports explore how the global glut of oil affects U.S. shale oil production.
Oct 16, 2014 NPR
Bloomberg News shares news of a report showing that the surge in shale oil production has made the United States the top oil and natural gas liquids producer in the first quarter of 2014 and discusses its impact on domestic and global oil prices.
Jul 7, 2014 Bloomberg News
On these pages we usually tout the developed world's decline in driving and car ownership. But in Saudi Arabia, where women are not allowed to drive, the automobile serves as a vehicle for improving human rights.
Oct 26, 2013 The New York Times
The construction of Riyadh's Metro has ambitious goals to relieve gridlock and reduce obesity. Perhaps more importantly, it aims to grant women the freedom of mobility. “That's a lot to expect from a public transport system,” writes Susanne Koelbl.
Aug 14, 2013 Spiegel Online