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

Green Car Congress

The number of active rigs drilling for oil and gas fell by their most in two months, according to the latest data from oil services firm Baker Hughes. There were 19 oil rigs that were removed from operation as of Oct. There are now 1,590 active oil rigs, the lowest level in six weeks. 17, compared to the prior week.

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IEA says oil supplies may not keep up with demand

Green Car Congress

Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades. Global oil demand is expected to increase by 37 percent by 2040, with a dominant proportion of that coming from developing countries—i.e. China and India.

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Ford advancing 3D sand printing

Green Car Congress

Ford is embracing the use of “3D printing”—additive manufacturing—in its design work. Many of the components for the Ford 3.5-liter Ford is also advancing a new variation on this technology: 3D printing with sand allows for the creation of casting patterns and cores with multiple printers in-house.

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Road Test: Ford 2023 Escape PHEV

Clean Fleet Report

The 2023 Ford Escape PHEV compact SUV is a fine example of not only being efficient but also versatile. A 37-mile range EV Electric and Gasoline Power The 2023 Ford Escape PHEV is powered by a 2.5-liter liter 4-cylinder EcoBoost engines (which in Ford-speak means they are turbocharged) are available. Two gasoline engines—a 1.5-liter

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

Green Car Congress

But these are just the costs of lifting oil out of the ground. State-owned oil companies often have many more responsibilities than just producing oil. It’s hard to measure costs when this oil has to pay for all the luxuries of the Saudi royal family. That’s just one opinion, but it’s a poignant one.

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Baker Institute experts: major parts of the US shale sector will ramp up with $60 oil prices

Green Car Congress

If West Texas Intermediate (WTI) crude oil prices stabilize at or above $60 per barrel, major parts of the United States shale sector that are currently dormant will ramp up, according to an analysis by experts in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. Baker III and Susan G.

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Ford to offer new 5-cylinder 3.2L diesel in Transit van in North America next year

Green Car Congress

Ford’s all-new 2014 Transit full-size van, which goes on sale late next year, will be offered with a new 3.2-liter The new diesel engine, Ford’s second in North America, has already been applied in the global Ford Ranger truck sold in world markets (3.2 All engines are mated to a Ford 6R80 six-speed automatic transmission.