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The Next Oil Price Spike May Cripple The Industry

Green Car Congress

Two diametrically opposed views dominate the current debate about where the oil price is heading. On the other hand, however, there is the view that the price of oil is set to explode, primarily due to underinvestment in the upkeep of brownfields , development of greenfields , and exploration for new resources. We will explain.

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President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

Green Car Congress

He also continued his calls for the oil industry to increase refinery capacity to increase production. That figure is down from 141 refineries in 2017, with 4 idle. Crude oil is always the top contributor to the prices US drivers see at the pump. However, the cost of refining in other nations is currently higher.

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ITM Power to launch 100 MW electrolyzer plant designs at Hannover Messe 2017

Green Car Congress

ITM Power will showcase a series of large scale electrolyzer configurations up to 100MW in size at Hannover Messe 2017 (24 - 28 April). This is in response to utility and oil and gas industry demand for larger scale industrial installations. t CO 2 (US$13.27/t Power-to-gas energy storage.

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Suncor targeting 1M barrels per day by 2020, some 80% from oil sands; new strategic alliance with Total

Green Car Congress

Suncor is targeting 1 million barrels per day output in 2020, with its growth in the oil sands underpinned by its alliance with Total. Approximately 80% of that production will be from the oil sands. The agreement with Total is an important element of Suncor’s plans to more than double our oil sands production.

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IHS Markit: vehicle miles traveled to increase 65% in key markets by 2040, while vehicle sales slow

Green Car Congress

In a new study, IHS Markit forecasts that vehicle miles traveled (VMT) will by 2040 grow to an all-time high of around 11 billion miles per year (a 65% increase since 2017) in China, Europe, India and the United States—the key markets examined for the study—and will keep growing. IHS Markit, “Reinventing the Wheel.”

Sale 150
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DOE releases five-year strategic plan, 2014-2018; supporting “all of the above” energy strategy

Green Car Congress

DOE will continue to focus on significantly increasing the amount of cost-competitive electric power from renewable resources across the nation by further accelerating the development and commercialization of these technologies. Demonstrate three grid-connected advanced offshore wind concepts by 2017. ?.

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Naysayer Alert – the hydrogen red herring

My Electric Car

The mandating of any system such as this would only be about looking after the interests of ‘middlemen’: oil and gas invested companies who would invariably transition into this market as both supply and/or demand for oil recede. . Again, the hydrogen pathway represents a stupid energy pathway. Fletcher, S., Hill and Wang.