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Two birds, one stone

Two stories caught eye today and we can’t help but link the two.

First,  Reuters reports that the UK trade deficit fell to a mere £4.4bns in the three months to January 2015,  largely due to the fall in oil prices.  To put it simply,  lower oil prices means more money stays in the hands of UK consumers and businesses and rather less in the hands of smug Norwegians,  troublemaking Russians and despotic Gulf States.  This is all good.  This gives us a taste of what prosperity we could enjoy if we weaned ourselves off oil imports entirely.  

Trade deficit facts and figures here 

Then we saw the Cambridge Econometrics study which concerns itself with electric cars.  It claims that a popular uptake of electric cars would cut oil imports by 40% by 2030,  delivering £1000.00 of fuel saving and a 47% reduction in carbon emissions  per driver.  Now we’re not convinced that those drivers will be too concerned about the lower carbon output but we reckon that £1000.00 will come in handy down at  the local Wetherspoons.

You’ll find the report here 

News Headlines

Tesla will soon face serious EV competition from Porsche

Gas, nuclear and coal generators told to produce less electricity this summer

British Gas is increasing the cost of energy by 5.5% this month

VW is still dealing with the fallout from #dieselgate in the US

Audi is joining the all electric club with a new SUV

UK electricity demand being generated by renewables just keeps growing

Saudi Arabia is going to build the world's largest solar project

Electric air transport on the horizon

Spat between Aston Martin and Rolls Royce

National Grid planning a network of superfast chargers at UK motorway services

California is racing towards a solar future

Porsche and Daimler Benz increasing EV commitments

UK industry pays 33% more for electricity than the rest of Europe

Former Energy Minster pleas for government to bankroll expensive Swansea tidal lagoon

Gloucestershire drivers are leaders in the electric car uptake

A compelling business argument for solar

The potential for solar across Africa is huge

UK's reliance on imported gas could soon backfire

Fuel forecourt operators have a serious choice to make with EV charging

Mypower shine to win another Solar energy award