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Recurrent Auto and Black Book launch EV-centric valuation system for used cars

Teslarati

A major problem for used electric car buyers is that current valuation systems are designed around ICE vehicles; how often has the vehicle received an oil change? Recurrent Auto and Black Book are now offering a service that will more accurately value used electric vehicles influenced by battery health and other EV-specific factors.

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Led by Tesla, US EV prices dropped by 13% year-over-year in February

Baua Electric

EV prices dropped by nearly 13% year-over-year in February, led in part by Tesla Model 3 and Model Y price drops, reports Kelley Blue Book. EV transaction prices in February were lower year-over-year by 12.8%, an accelerating decline compared to January, when prices were lower year-over-year by 11.6%.

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ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

Green Car Congress

billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production. billion oil-equivalent barrels at year-end 2017. During 2017, proved additions at Upper Zakum in Abu Dhabi totaled more than 800 million barrels of crude oil. Exxon Mobil Corporation added 2.7 Resource Base.

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Kelley Blue Book reports that values for fuel-efficient used vehicles have peaked

Green Car Congress

Kelley Blue Book’s www.kbb.com reports that after increasing close to 25% throughout 20 weeks of consecutive gains, values for fuel-efficient used vehicles have now peaked. For the first time since January, values for subcompact, compact and hybrid cars have started to decline in response to falling gas prices.

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Former president of Shell Oil calls for aggressive action on alternative fuels to break oil monopoly on transportation

Green Car Congress

John Hofmeister, former President of Shell Oil Company and founder and CEO of Citizens for Affordable Energy (CFAE), is joining the Fuel Freedom Foundation (FFF) Advisory Board. There will not be enough oil to stay on the path we’re on globally over the short- and medium-, let alone the long-term. We need a competitor for oil.

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Shell to halt 80K bpd Carmon Creek oil sands project

Green Car Congress

Royal Dutch Shell plc will not continue construction of the 80,000 barrel per day Carmon Creek thermal in situ oil sands project located in Alberta, Canada. This decision reflects current uncertainties, including the lack of infrastructure to move Canadian crude oil to global commodity markets. This is forcing tough choices at Shell.

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The Saudi Dilemma: To Cut Or Not To Cut

Green Car Congress

To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year’s December OPEC meeting. million barrels daily, including from Russia, to reverse the free fall of oil prices. Saudi Arabia cannot afford another slump in oil prices,” he warns. “It