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Commentary: Could falling oil prices spark a financial crisis?

Green Car Congress

When oil prices were high and production was relentlessly climbing, energy related junk bonds looked highly profitable. The situation will compound itself if oil prices stay low. Moody’s Investors Service downgraded the oil and gas sector on November 25 to a “negative” outlook because of falling oil prices.

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Study finds 2008 recession contributed to increase in age of US LDV fleet, slowing of emission reductions

Green Car Congress

The global economic recession of 2008—which severely depressed light-duty vehicle sales—resulted in an increase in the age of the light-duty vehicle fleet in the US that likely slowed the rate of decrease of fleet average emissions, according to a study by Gary Bishop and Donald Stedman at the University of Denver. Technol. ,

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State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

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In addition, the SEIS suggests, projected crude oil prices are sufficient to support production of essentially all Western Canadian (and US tight oil) crude oil projects, even with more expensive transport options to market. 2012 Keystone XL plan vs. 2008 plan. Length of new pipeline (miles). Surface waterbodies crossed.

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Coskata Unveils Semi-Commercial Feedstock-Flexible Ethanol Facility; Springboard for Full-Scale Commercial Rollout

Green Car Congress

The Coskata process can produce more than 100 gallons of ethanol per ton of dry, ash-free biomass material at a cost competitive with expected gasoline prices—around $1.00 GM announced its strategic partnership, including an investment, with Coskata at the North American International Auto Show in Detroit in January 2008.

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State Department releases Keystone XL Final Supplemental Environmental Impact Statement

Green Car Congress

The document is posted on State’s Keystone project site , which it has run since the beginning of the Keystone XL Presidential permit process in 2008. Market analysis: cross-border pipeline constraints have a limited impact on crude flows and prices. That portion of the pipeline has already been built.

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