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Opinion: This Is What Needs To Happen For Oil Prices To Stabilize

Green Car Congress

On September 10 th , the EIA reported a production decline in the Lower 48—essentially shale production—of 208,000 BOPD (barrels of oil per day). Rather, Goldman Sachs was grabbing all the headlines with its $20 call on oil. Pundits will claim otherwise, suggesting that oil in the 50s or 60s will spur activity.

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Not So Prolific: US Shale Faces A Reality Check

Green Car Congress

The collapse of oil prices has forced the US shale industry to slash production costs. He broke down the cost reductions into a few categories: “One of these factors is high-grading, where operators are drilling only the better acreage,” said Olmstead. We are producing cheap oil today, leaving costly oil for tomorrow.

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Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

Annual use of an EV should be less than the average cost of $8,000 per year for using a gasoline in many countries including the USA. Millions of EVs and PHEVs would expand the sale of electricity as an alternative to oil. Clean Fleet Article It would be a financial win-win for all. Then we are done! No more big energy!!

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