article thumbnail

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? The life raft for US oil producers so far has been its hedging at higher prices.

article thumbnail

RAV4 Hybrid and Model 3 sales, mobile-charging tech, a win for renewable energy: Today’s Car News

Green Car Reports

Energy demand and oil prices have been in a nosedive, and that could be a good thing for renewable energy. Two tech companies with range-anxiety-soothing ideas have been nudged to the next level by investors. And why did sales sink so dramatically for the two top-selling electrified vehicles in the U.S. This and more.

article thumbnail

Samsung Heavy Industries and DNV GL sign partnership for new LNG carrier designs

Green Car Congress

The idea for a 30K LNGC originates from SHI’s own research. The present business environment requires that the shipping industry moves further towards eco-friendly operations due to environmental concerns, recent international regulations, as well as rises in fuel oil prices.

Design 170
article thumbnail

Increase in US rig count will not cap oil prices

Green Car Congress

The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.

article thumbnail

Electric Ford Rumor, Tesla Road Trip, Cheaper VW e-Golf : Today's Car News

Green Car Reports

We mull over a shadowy rumor about a new Ford electric car, analysts raise the idea of an oil-price collapse due to lack of storage, and there''s now a new version of the 2015 Volkswagen e-Golf that''s cheaper than before. All this and more today on Green Car Reports.

Ford 60
article thumbnail

CSIRO and partners to test Direct Injection Carbon Engine to reduce brown coal emissions by up to 50%

Green Car Congress

CSIRO notes that the idea of using a coal engine to generate electricity is not new; it was successfully investigated in the US some 20 years ago for use in diesel locomotives before development was terminated by persistently low oil prices.

Coal 257
article thumbnail

Perspective: Government Leadership Needed for Electric Vehicles to Succeed

Green Car Congress

That’s where government comes in.only the government can help influence [change] by having a price for carbon and technical incentives. ”. Mr. Immelt’s point is that the spike in oil prices to $147/barrel in 2008 is not enough on its own to get automakers to make electric vehicles. This could be another air mail idea.