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OPEC meeting

The Anadolu Agency is pictured.

Increased production of oil led to a decline in the economy and a rise in inflation in the 70s. In response to the Nixon Administration's support for Israel and its decision to weaken the dollar, the Organization of the Petroleum Exporting Countries agreed to cut production in order to raise prices. The 1970s were a difficult time for both the economy and society. With the Biden Administration scrambling, history threatens to repeat itself as the Organization of the Petroleum Exporting Countries pledged to reduce production. Chris Helman points out that it is not clear if this announcement means anything for the availability of oil. Oil price increases in the late 1970s were caused by panic rather than actual shortfalls. It matters what perception you have.

It is true that the United States is still an energy independent nation, but it is also true that it is exporting more energy than it imports. Our politics can be held hostage to the interests of authoritarian nations because of our love affair with internal combustion engines and the fact that the world oil markets are fungible. In this case, the U.S. and Europe seem to be tied to the fight for freedom against Russia by the Organization of the Petroleum Exporting Countries. The Dominican Republic, a neighbor to the south, is taking steps to reduce its dependence on fossil fuels in response to high prices. Taking themselves out of relying on other countries and clearing the skies of pollution is what they see as a benefit.

Chemical refinery

Sasol is based in Sasol, South Africa.

Sasol is cutting risk and emissions with the completion of a Louisiana megaproject. It will be difficult, but green hydrogen may help.

Here, you can read more.

Discoveries And Innovations

A more sustainable way to produce energy from hydrogen could be achieved with the development of an artificialidase that splits water into hydrogen and water into hydrogen and water.

Double-digit increases in hydropower generation can be achieved by retrofitting existing turbines.

phosphates are a cheaper alternative tocobalt in batteries.

In California and other parts of the Southwest, there is a shortage of water.

Sustainability Deals Of The Week

Cultivated meat has raised $47 million to speed up the commercialization of its product.

World Chess is partnering with One Tree Planted to plant a tree for every chess set they sell.

Colorado-based company Green Steel announced that it has raised $85 million from a number of funders to accelerate its zero emission steel making techniques.

On The Horizon

Observers say one thing to look for is whether companies start to kick the can down the road when it comes to meeting their environmental commitments. Here you will find more on that.

What Else We’re Reading This Week

Red meat is more harmful to the environment than eating seafood.

There has been a new era of climate disasters.

Ian built a home to survive Hurricanes.

Green Transportation Update

rivian

Rivian trucks are electric vehicles.

Rivian

A mazon, FedEx and other large fleet operators are replacing their exhaust-spewing delivery trucks with clean electric vehicles. It's a win for the environment, but keeping tens of thousands of heavy EV powered up brings new challenges, like installing lots of chargers and only plugging in when electricity rates are cheap. If you want the batteries to last, don't drive them too hard or until they're almost out of fuel.

The Big Transportation Story

Tesla car coming off the line.

There is a car called theTesla

Tesla’s Quarterly EV Deliveries Jump 42%–But Miss Bullish Expectations

This week, Musk's company reported its best quarterly deliveries of electric vehicles, up more than 100,000 units from a year ago, but was short of expectations by analysts. The share price took a beating.

Here, you can read more.

More Green Transportation News

It is not too late for the honda prologue to arrive in 2024.

The numbers show what it costs to maintain an electric vehicle.

Cyclists have an app on their phone.

Ukranian firm Delfast presents a new electric bike.

A study found that zero emission trucks could save thousands of lives.

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