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J.D. Power: US growing increasingly divided on EV adoption

Green Car Congress

Meanwhile, the states with the lowest levels of EV adoption—Michigan, Iowa, Kansas, Arkansas, Mississippi, Wyoming, Louisiana, South Dakota, West Virginia and North Dakota—have gone in the opposite direction, with adoption rates declining on average in the first half of 2023. Methodology. Power EV Index and the J.D.

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Statoil to begin transporting Bakken crude from North Dakota by rail to overcome limited pipeline capacity; more than 1,000 cars for unit trains

Green Car Congress

In September, Statoil will begin transporting by rail Bakken crude from North Dakota to customers in the US East, West and Gulf Coasts, and Canada. Statoil plans to boost its North American production from less than 100,000 barrels oil equivalents per day (boepd) in 2011 to more than 500,000 boepd in 2020. Earlier post.).

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Electric Vehicle Adoption Divide Mapped

The Truth About Cars

EV share in California, today's EV leader, will hit 94 percent, while North Dakota, which has the lowest EV adoption rate today, will reach 19 percent, J.D. Charging infrastructure in California drastically eclipses infrastructure in North Dakota. They've got pricing power right now." "To Power said.

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White House: OPEC+ oil production increases “simply not enough”

Green Car Congress

We are engaging with relevant OPEC+ members on the importance of competitive markets in setting prices. The EIA noted that concerns about decreased demand because of increasing COVID-19 cases have recently driven crude oil prices down, offsetting some initial price increases due to larger inventory draws.

Oil 243
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Opinion: The Dark Side Of The Shale Bust

Green Car Congress

The fallout of the collapse in oil prices has a lot of side effects apart from the decline of rig counts and oil flows. Oil production in North Dakota has exploded over the last five years, from negligible levels before 2010 to well over a million barrels per day, making North Dakota the second largest oil producing state in the country.

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Commentary: Could falling oil prices spark a financial crisis?

Green Car Congress

When oil prices were high and production was relentlessly climbing, energy related junk bonds looked highly profitable. The situation will compound itself if oil prices stay low. Moody’s Investors Service downgraded the oil and gas sector on November 25 to a “negative” outlook because of falling oil prices.

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BNSF expands Bakken oil rail transport capacity to 1M barrels per day; overcoming shortage of pipeline capacity

Green Car Congress

BNSF Railway (BNSF) has increased capacity in 2012 to enable the railroad to haul one million barrels of oil per day out of the Williston Basin in North Dakota and Montana. BNSF has responded quickly to enable producers to move crude to the most attractive markets and secure the best prices. million barrels in 2008 to 88.9