Green Car Congress
JULY 13, 2016
Because of this, the collective US shale industry has been likened to the new “swing producer”: low oil prices force quick cutbacks but higher prices trigger new supplies. The Wall Street Journal , using data from IHS, estimates that roughly 70 percent of the fracking equipment across the shale industry has been idled.
Green Car Congress
SEPTEMBER 20, 2011
Particularly during the surge of what was called the “knowledge-based economy” from 1991 to 2000, global economic productivity increased without parallel increases in energy use. In addition to technological advances, price developments play a key role in determining overall energy usage, Worldwatch notes.
Green Car Congress
APRIL 27, 2017
This sharp slowdown in activity in the conventional oil sector was the result of reduced investment spending driven by low oil prices. The slump in the conventional oil sector contrasts with the resilience of the US shale industry. In addition, 6.5 —Dr Fatih Birol, the IEA’s executive director.
Green Car Congress
JULY 20, 2012
savings stimulated by high oil prices led to a decrease of 3% in CO 2 emissions in the European Union and of 2% in both the United States and Japan. tonnes per capita—within the range of 6 to 19 tonnes per capita emissions of the major industrialized countries. Weak economic conditions, a mild winter, and energy.
Green Car Congress
OCTOBER 17, 2009
Although the global economic crisis has caused a temporary slump in demand, the long-term trend is clear: fossil fuel consumption in developing countries has surpassed that in industrialized countries. In 2000, coal provided 28% of the world’s fossil fuel energy production, compared with 45% for oil. Mbpd in 2005.
Green Car Congress
FEBRUARY 19, 2015
It may be difficult to look beyond the current pricing environment for oil, but the depletion of low-cost reserves and the increasing inability to find major new discoveries ensures a future of expensive oil. The industry did not log a single “giant” oil field.
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