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Opinion: Oil Price War May Benefit both US Shale and Saudi Arabia

Green Car Congress

Even as financial commentators on CNBC are starting to come around to the idea of a bottom in oil prices, the key question for US oil producers remains one of timing. How long will the oil price slump last? After the oil price crash in 1985, it took almost twenty years for prices to revert to previous levels.

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Baker Institute team says fossil fuel subsidies need global reform

Green Car Congress

Costs ranged from a low of 0.3% of GDP in China to nearly 6% of GDP in Saudi Arabia, where, despite two cycles of price hikes, 60% of the cost of energy products and services continued to be borne by the state. Total subsidies in G20 countries that retain state-administered prices on fossil fuels.

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Low oil prices hurting some US shale operations; slumping oil prices putting pressure on drillers

Green Car Congress

Unless there’s a significant reversal in oil prices, we’re going to see continued declines in the rig count, especially those drilling for oil,” James Williams, president of WTRG Economics, told Fuel Fix in an interview. “We Some of the more expensive shale regions will not be profitable at current prices.

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Lucid Motors slashes worth of Wind sedan as EV price battle grows

Baua Electric

Tesla’s Fashion S and its efficiency model Fashion S Plaid — direct competition with the Wind — are priced at $88,490 and $108,490 unwell from $104,990 and $135,990 at first of the date. The post Lucid Motors slashes worth of Wind sedan as EV price battle grows appeared first on Bauaelectric Auto News.

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Opinion: Who Will Be Left Standing At The End Of The Oil War?

Green Car Congress

Breakeven prices are hard to pin down, and harder yet because they fluctuate. OPEC governments downsize their budgets, cut social spending and put big projects on hold to lower the breakeven price. But these are just the costs of lifting oil out of the ground. So the breakeven is elusive. Venezuela is already on its knees.

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7 companies launch Green Hydrogen Catapult to increase green H2 production 50-fold over next 6 years

Green Car Congress

The new “Green Hydrogen Catapult” initiative will see green hydrogen industry leaders target the deployment of 25 gigawatts through 2026 of renewables-based hydrogen production, with a view to halve the current cost of hydrogen to below US$2 per kilogram. —Paddy Padmanathan, CEO of ACWA Power. ºC campaign. degrees Celsius.

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. This decision set crude prices on a downward path. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices.

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