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    Looking back on the Arab Oil Embargo, 40 years ago this week
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    Well before the start of AutoblogGreen, well before there were blogs, before even the first production hybrid vehicle, there was the Arab Oil Embargo. It happened 40 years ago this week, which means now is as good a time as any to take a look back at a time when getting gas in the US was a ...

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    Report: Gulf CEO says oil prices could halve by end of year, cause global instability [w/video]
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    It's just one in a laundry list of factors, but more fuel-efficient cars could make a difference in lowering oil prices dramatically to half their present levels, plunging to $50 a barrel by the end of the year. That's what Gulf Oil CEO Joe Petrowski is predicting in a new interview on CNBC's ...

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    Study: Oil supply will be 'less tight' than expected
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    Ah, just what a bunch of V8-starved Americans need to hear. An International Energy Agency (IEA) report released last week says that the combination of weak global economies, increased oil supply from the Americas and better extraction technology will make oil "somewhat less tight over the ...

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    OPEC looks to rake in $1 trillion (!) in 2011
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    The Organization of Petroleum Exporting Countries (aka OPEC) is looking forward to a record-setting 2011. Due to oil prices that have hovered around the $110-per-barrel mark, OPEC is projected to rake in some $1 trillion in revenues this year. While them OPEC nations and oil giants profit, some ...

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    When economies of scale don't work: could OPEC model lead lithium producers to keep prices high?
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    If there's one repeated refrain we hear about the high price of advanced lithium batteries that are needed for the mass adoption of pure electric cars, it's that economies of scale will one day make the packs reasonably affordable. This seems a likely scenario, but is it inevitable? A paragraph in ...

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    Oil prices continue to rise as Saudis target $80 per barrel, could climb from there
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    As summertime approaches, so do rising fuel prices. This time around, the price hikes are tied to rising world oil prices. When gas prices dropped from peaks of over $4 per gallon last summer to under $2 at the end of the year, world-wide demand reductions resulting from the financial collapse were ...

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    OPEC doing its part for economy, urges U.S. to do same
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    After a meeting which saw a decision by the Organization of Petroleum Exporting Countries (OPEC) to leave current production levels in place rather than cutting them to maintain higher prices, a top-level member of the organization has said that they have done their part for the world's economy and ...

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    BREAKING: OPEC issues largest-ever cut in oil production
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    Getting used to cheap gas prices? Experts have been warning that they are not going to last and the Organization of Petroleum Exporting Countries (OPEC) is doing its part to prop 'em back up. Today, OPEC unleashed a plan to drastically cut oil production by an astounding 2.2 million barrels per day ...

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    Saudi Arabia to begin pumping on Khurais oil field shortly
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    Saudi Aramco's core area in Dhahran cityThe world's insatiable demand for petroleum is about to cause more drilling and pumping in Saudi Arabia, as the country is set to begin setting up shop on the Khurais oil field. A ten-billion dollar investment will be made which is expected to allow the ...

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    OPEC: Oil prices could continue to rise
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    OPEC president Chakib Khelil believes that the already staggering price for a barrel of oil could continue to rise. Citing the low value of the U.S. dollar, Khelil says that investors are likely to continue to place their bets on oil, a necessary commodity. With current prices hovering around $120 ...

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    Opec sees possible lower oil prices soon
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    Earlier this year when we spoke to Dr. David Cole, one of the risks that he mentioned of relying solely on fuel economy standards as a way to reduce oil consumption was the threat of oil prices dropping. If nothing is done to help create demand for more efficient vehicles, lower oil prices could ...

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    OPEC looking at how weak dollar affects the cartel's profits
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    Well, this bit of news will probably leave some people feeling shaken, not stirred. OPEC has announced that the group has set up a committee to look into how the weak U.S. dollar is affecting the cartel's earnings and to figure out if trading oil using a "currency basket" (a concept I just learned ...

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    Latest View from The Nation: Sobering
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    Recently, I have found myself driving in stop/go/crawl traffic at least 4 days a week. Of course, this now-frequent activity coincides with the current 40 cent hike in gas prices we are suffering thru right now. My 8-year old ride drinks heavily in this style of driving and I don't like spending ...

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    Bush tells Congress how to write an energy bill
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    Bush sent a letter telling Congress what changes they can make to the energy bill so he does not veto it. Allan Hubbard wrote the letter that the White House sent to Congressional leaders (Nancy Pelosi, Harry Reid, Mitch McConnell and John Boehner) with a list of "deal-makers and deal-breakers." ...

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    Happy weekend thought: gas prices still on the up
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    Maybe you figured this out when you filled up the car. Maybe when you drove by the pump. Maybe from websites like GasPriceWatch. However the news gets around, the reality is that gas prices are still climbing.According to the aforementioned GasPriceWatch, average prices at the pump today are two ...

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    High oil prices not going away in 2007
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    The record oil prices, peaking at US$79.45 a barrel, that were seen in 2006 are not expected to be repeated in the coming year but prices will remain high though 2007, Drive.com.au reports. The price will still be high enough though to annoy motorists and bring in fat profits for the oil companies. ...

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    OPEC production cuts send a message to the oil market
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    With all the talk and rumors over the last month, we expected to see OPEC cut oil production by 1 million barrels per day. However, according to Reuters, Friday's announcement of the deeper than expected cut of 1.2 million barrels seemed to send an intended message to buyers on the oil market: if ...

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    OPEC cuts output, OPEC doesn't cut output. Rumors abound, oil prices on the rise
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    This'll teach me to stare at news feeds all morning. At 7:39 AM EDT, the Dow Jones Newswire reported that the Organization for Petroleum Exporting Countries agreed to cut oil production by 1 million barrels per day (about 3 percent). As a result, early electronic trading saw the price of crude oil ...

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    Cheap oil means cheaper gas means fewer green cars?
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    It might be the auto and energy question of the decade: what effect do gas prices have on green car habits and green car technology? Automakers are investing billions in gas-free propulsion sources and sales figures show that consumers are more than eager to go along with these advanced ...

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    Saudi oil exec: Don't worry, we have plenty of oil
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    At a conference today in Vienna sponsored by the Organization of Petroleum Exporting Countries, Abdallah S. Jum'ah, president and CEO of the state-owned Saudi Arabian Oil Company (Aramco), proclaimed that the world has only consumed about 18 percent of its total crude oil supply. He said that with ...

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