As it stated in 2017 Volkswagen e-Golf, first drive, New York City, April 2017 Enlarge PhotoThe Volkswagen eGolf is in extremely short supply. The VW eGolf may be in short supply while the automaker gears up for the battery-electric ID Crozz. Oil prices could double by 2020, according to analysts, and it may be a boon to electric car sales. The subsidy gave electric car buyers up to $10,000 on their purchase. Finally, Uber is rethinking its self-driving car efforts in Pittsburgh in the wake of a fatal crash in Arizona.
![Today's Pickup: Oil prices crash as Libya reopens oil ports and resumes production]()
collected by :Frank Ithan
Could oil prices spike above $150?
That's causing reserves at major producers to fall and the industry's reinvestment ratio to plunge to the lowest in a generation, paving the way for oil prices to surpass records reached last decade, according to Bernstein. RELATED: Oil prices slip, but it's likely just temporary"Investors who had egged on management teams to reign in capex and return cash will lament the underinvestment in the industry," the analysts wrote. The oversupply of crude globally in recent years has masked "chronic underinvestment," Bernstein said in the report. The producers aim now to pump more to help cool the market, but disruptions from Libya to Venezuela are keeping prices elevated. Proven reserves of the world's top oil companies have fallen by more than 30 percent on average since 2000, with only Exxon and BP showing an improvement, helped by acquisitions, Bernstein said.Trump news: USA sanctions will end Iran regime - as oil prices to SOAR
As it stated in The US President also issued a stark warning to China and India, saying they must stop buying oil from Iran or face sanctions themselves. Mr Giuliani, the former New York mayor, was speaking at the Free Iran: The Alternative rally in Paris this weekend, to crowds of thousands of Iranian resistance supported. "This president does not intend to turn his back on freedom fighters." However, the sanctions could cause oil prices to soar, according to experts. The Free Iran rally, attended by 80,000 dissidents, in Paris this weekend comes after anti-regime protests in 142 cities across Iran reached startling levels last week. VICKIIE OLIPHANT IN PARIS Free Iran rally: NCRI president Maryam Rajavi said change was comingToday's Pickup: Oil prices crash as Libya reopens oil ports and resumes production
Nonetheless, the political situation in Libya continues to be volatile, as the recent outage was unforeseen and the continued sustenance of oil production is flushed with uncertainty. The price crash also had to do with the U.S. softening its stance on the severity with which it would treat countries who continue to buy Iranian oil. The much mellower U.S. stance and the Libyan inflow could mean oil prices stay low over the next week, unless something inadvertent happens. Governments need to consciously push towards making its citizens look towards shared transport, and create a public transportation network that is both an affordable and comfortable choice for its people. The reason for this is their sky-high taxes for vehicle ownership, which forces its citizens to opt for shared transport.collected by :Frank Ithan
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