If oil prices rise and stay elevated, consumers will seek better options. Could it accelerate the shift to electric vehicles?
Articles on Oil imports
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Electric cars charged with locally made electricity can boost Australia’s energy security. That’s great – if we avoid relying on just one EV producing nation.
Oil revenues are crucial to Russia’s economy. The US only accounts for a small fraction of them, so banning Russian oil imports has mainly symbolic value.
Russia is one of the world’s top three oil producers and a major oil exporter. How will it, and global oil markets, respond if its wealthiest customers turn off the tap?
There’s no precedent for selling oil from the Strategic Petroleum Reserve at a time when there’s no market-driven reason for doing that.
Australia’s recently announced review of its national fuel stockpiles is timely indeed. The country is almost totally reliant on oil being shipped through some of the world’s most contested regions.
Top contributors
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Director, Energy, Climate Justice, and Sustainability Lab, and Research Professor, New York University; Tufts University
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Professor of Transport Technology and Sustainability, Swinburne University of Technology
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Senior Lecturer and Team Lead Teaching Development, Te Puna Ako Centre for Tertiary Teaching and Learning, University of Waikato
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Associate Professor of History, Case Western Reserve University