View Single Post
Old 03-12-2017, 11:43 AM   #110 (permalink)
MetroMPG
Batman Junior
 
MetroMPG's Avatar
 
Join Date: Nov 2007
Location: 1000 Islands, Ontario, Canada
Posts: 21,317

Blackfly - '98 Geo Metro
Team Metro
Last 3: 70.09 mpg (US)

MPGiata - '90 Mazda Miata
90 day: 52.8 mpg (US)

Winter beater Metro - '00 Chevrolet Metro
90 day: 73.57 mpg (US)

Fancy Metro - '14 Mitsubishi Mirage top spec
90 day: 58.72 mpg (US)
Thanks: 3,088
Thanked 5,967 Times in 3,091 Posts
S.A. budget woes

S.A. sits on some of the "cheapest to extract" oil. But that doesn't help when your oil-dependent national budget is based on estimates of triple digit oil prices:

Quote:
The current budget predicts a $55-dollar barrel, but reaches a fiscal breakeven at a $98 barrel.

[...]

In January, Riyadh suspended the implementation of austerity measures in the first half of 2017 to ease financial burdens on a populace accustomed to heavy food and fuel subsidies. Source
S.A. is caught between an oily rock and a hard place: they want the price of oil to recover to support its finances, but they also want it unstable enough to discourage activity of more expensive production (eg. U.S. fracking & Canadian oil sands).
__________________
Latest mods test: 15 mods = 15% MPG improvement: A-B test, 2007 Honda Civic 1.8L, 5-speed
Ecodriving test:
Manual vs. automatic transmission MPG showdown: Nissan Micra 1.6L



EcoModder
has launched a forum for the efficient new Mitsubishi Mirage
www.MetroMPG.com - fuel efficiency info for Geo Metro owners
www.ForkenSwift.com - electric car conversion on a beer budget
  Reply With Quote