article thumbnail

US Shale Is Now Cash Flow Neutral

Green Car Congress

Oil prices are probably already high enough to spark a rebound in shale production. Even when US oil production hit a peak at 9.7 By the third quarter, oil prices had climbed back to above $40 and traded at around $50 per barrel for some time, replenishing some lost revenue. Link to original article: [link].

article thumbnail

Why Wall Street is throwing billions at the Permian

Green Car Congress

The collapse of oil prices has ground shale drilling to a halt, but the one region where drilling is still active, and even increasing, is in West Texas. 8 article , QEP Resources paid $60,000 an acre to an undisclosed owner in June. Link to original article: [link]. by Nick Cunningham of Oilprice.com.

article thumbnail

SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery – ET Auto

Baua Electric

. “While we saw drops in EV battery shipment in the first quarter caused by customers’ battery inventory adjustment, we expect to see improved market environment backed by launches of new EVs in North America,” SK On Chief Financial Officer Kim Kyunghoon said in a post-earnings conference call.

Auto 52
article thumbnail

Worldwatch Institute report finds global energy intensity increased in 2010 for second year in a row

Green Car Congress

Global energy intensity—defined as total energy consumption divided by gross world product—increased 1.35% in 2010, the second year of increases in the context of a broader trend of decline over the last 30 years, according to a new Vital Signs Online article from the Worldwatch Institute.

2010 246
article thumbnail

Oil Prices Ravaged By Financial Turmoil

Green Car Congress

Oil prices fell back suddenly over the last few trading sessions, dragged down by some forces beyond the oil market. dollar has helped drive up crude prices for weeks , but that came to an abrupt halt last week. A rebound for the greenback led to a steep decline in oil prices on Friday.

article thumbnail

Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

Green Car Congress

One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

Oil 150
article thumbnail

Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

Green Car Congress

If You’re a Free Range Oil Producer. Despite low oil prices, Saudi Arabia is maintaining its investment in its oil industry. According to an August 26 Bloomberg article , the Saudi government is seeking ways to reduce investment in 2016 “.as In a CNN article quoting SIPRI for 2014, the author's guesses for 2015 (6.25

Oil 150