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LyrArc brings in selected articles from many of the world's top publications.

Articles are selected by experts and you can see the gist of the important articles.


WSJ Original article ›
LyrArc Article Gist
Shortages of urea from China used for fertilizer in India and urea solution used for reducing diesel emissions in South Korea is affecting farmers in India, and cargo truck drivers in South Korea. Prices of urea increased 10 fold in 2021. Urea is extracted from coal and coal shortages in China are worsening. China makes 40% of world urea supply and India takes half of China's exports. This is one more example of how the supply chain is affected by coal shortages in China.

Wall Street Journal Original article ›
LyrArc Article Gist
On Mercedes Chryslers efforts to bring new diesel technology to the United States. Diesels account for half of all cars sold in Europe can they make enough of a dent in the US to affect oil imports and oil prices? "Bluetec " is the European competitor to Japanese hybrid technologies, if it can be made environmentally friendly (with urea and other additives to reduce bad emissions) the its a real competitor to hybrids. The remaining task is marketing which is the challenge facing the Europeans. One bit of encouragement the new bluetec meets California emission standards.
WSJ Original article ›
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Australia increases its defense budgetfrom 1.8% to 2.2% of GDP, and shows willingness to go up to 3%, as it strengthens its naval capabilities. French submarine contract was cancelled as US shows willingness to provide nuclear submarine technologies to Australia. French diesel submarines were too slow and could not remain underwater for long periods. Nuclear submarines would let Australia monitor Indo-Pacific seas, with US help. This is now an issue as Taiwan is being threatened and Australia faces economic coercion in trade relations from China. US, UK and Australia form a new partnership with president Biden leading the way.

New York Times Original article ›
Washington Post Original article ›
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VW's Dieselgate settlement required it to spend $2 billion on electric charging stations in the US to compensate society for air pollution caused by its faulty diesel engines. The Washington Post looks at these EV charging stations and finds many of these do not work. An author of a reliability study on charging stations Prof. David Rempel of UC Berkeley says there should have been more oversight as he considers it to be public money. About 80% of these charging attempts are successful at 4000 fast chargers run by Electrify America according to JD Power, and customer satisfaction is low.

France 24 Original article ›
LyrArc Article Gist
French farmers problems with rising costs are leading to protests in Paris and its surrounding highways. France lost about 20% of its farms in the decade 2010 to 2020, about 101,000 farms. Another 200,000 farmers reach retirement age by 2026, what happens to these farms is uncertain given the prevailing environment where farming is seen as a struggle to mmet rising costs and regulations, increase in cost of diesel to meet climate goals. One farmer says in France 24 that many young people avoid self employment because they would end up making less than a farm worker, which should not be the case. 

BusinessWeek
Detroit News Original article ›
Wall Street Journal Original article ›
Wall Street Journal Original article ›
WSJ Original article ›
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Rupert Stadler, CEO of Audi brand of VW, is arrested on Dec. 19, 2018, in connection with the diesel emissions scandal. He is the only member of VW Executive Board to be arrested. Prosecutors raided Mr. Stadler's home and looked for evidence in the investigation. Mr. Stadler says he will cooperate by giving testimony.

Wall Street Journal Original article ›
LyrArc Article Gist
Diesel prices are regulated and subsidized by the Indian government, but gasoline prices are deregulated since 2010, resulting in gasoline costing 64% more than diesel in India. As a result buyers are staying away from gasoline cars and shifting to diesel creating distortions in demand. The government is considering a tax on diesel cars and SUV's of between $3000 to $4600 to correct the distortion. Because lower income people woud be hurt by increasing the price of diesel it continues to be subsidized. Because of the uncertainty car manufacturers are shutting down production to reduce growing inventory of gasoline vehicles. High interest rates of 12% on car loans also reduces demand. Suzuki Maruti sales declined 6% in May 2012, Ford and GM showed sales declines of 14% and 20%. The year ending March 2012 shows Indian car sales growing only slightly by 2.2% to 2 million cars. Sales were rising at 29% only about a year ago. Gasoline costs 68 rupees a liter in New Delhi after a 11.5% increase in May 2012, compared to 41 rupees per liter for diesel. The increase in gasoline prices is a result of the government having difficulty paying the rising imports of oil, costing $141 billion for the year ending March 31, 2012. The sharp slowdown in the car industry and the problems in the energy sector have affected India's growth rate....
New York Times Original article ›
Wall Street Journal Original article ›
New York Times Original article ›
Wall Street Journal Original article ›
Wall Street Journal Original article ›
New York Times Original article ›
Wall Street Journal Original article ›
LyrArc Article Gist
Tax changes for autombiles as part of a"fiscal correction" were announced by the Finance Minister, Pranab Mukherjee. The base excise tax on most goods manufactured in India was raised from 10% to 12%. The excise tax on larger cars with gasoline engines above 1.2 litres or diesel engines above 1.5 litres was raised to 24% from 22%. The customs tax on imported cars and SUV's over $40,000 and gasoline engine over 3000 cubic centimetres, or diesel engine over 2500 cubic centimetres was increased to 75% from 60%.
WSJ Original article ›
LyrArc Article Gist
US fuel exports are increasing with higher fuel prices overseas. The exports of oil, diesel and jet fuel from US Gulf Coast ports increased by 32% in the first quarter of 2022 over previous year says this report in WSJ. The exports of natural gas by pipeline or tankers to Mexico and Canada increased to 22% of total US production in the same period. Companies and exporters are gettting higher prices overseas than they could get in the US. This is also pushing gas prices higher in the US to over $5 a gallon.

Demand for US exports has gone up exponentially say experts and a lot more US exports could take place to Europe and other countries. And domestic prices have had to rise to keep supplies in the US. With the increase in natural gas prices come increase in cost of electricity and households are expected to limit their use of energy as this happens.

New York Times Original article ›
New York Times Original article ›
BusinessWeek Original article ›
LyrArc Article Gist
Using low sulfur diesel fuel Mahindra's SUV and trucks can better gas mileage than competitors who make hybrid vehicles. Mahindra will start exporting from India in 2009 with 45000 vehicles sales target for 2010.
BusinessWeek Original article ›
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Indian Oil's losses at its 17,800 gas stations in India run at about $76 million a day as prices do not reflect market prices because the government it to sell gasoline and diesel and cooking oil at subsidized prices.
Wall Street Journal Original article ›
LyrArc Article Gist
China's diesel imports declined by 46% in October year over year, according to General Administration of Customs, and China was a net exporter of gasoline for 2 months in a row, signs that the slump in China is serious.

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