The Truth About Cars

MAY 7, 2024

shale oil firms purposefully colluded with the government of Saudi Arabia to fix oil prices between 2021 and 2023. From BIG : Yesterday, the Federal Trade Commission released evidence confirming that collusion played a serious role in hiking oil prices at that time. Since the U.S. Since the U.S.

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Oil Price Companies Saudi Arabia 114

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OCTOBER 5, 2018

Petrochemicals are rapidly becoming the largest driver of global oil demand. Petrochemicals are set to account for more than a third of the growth in world oil demand to 2030, and nearly half the growth to 2050, adding nearly 7 million barrels of oil a day by then. Source: IEA. —Dr Fatih Birol, IEA Executive Director.

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Oil Waste Economy Global 281

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APRIL 13, 2020

OPEC-Plus, a group of 23 oil-producing countries that includes Russia, agreed on Sunday to reduce output by 9.7 The agreement also calls for OPEC-Plus members to keep oil production reduced from the current level by 6 million barrels per day through April 2022. The big Oil Deal with OPEC Plus is done. Great deal for all!

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Saudi Arabia Oil Production Russia 186

Green Car Congress

MAY 22, 2020

Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 The oil market fear that characterized March and the extreme price pressure that producers felt in April have galvanized producers across North America into unprecedented action.

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Oil Canada Oil-Sands Production 186

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APRIL 22, 2019

Nanyang Technological University, Singapore (NTU Singapore) scientists have developed a sustainable way to demonstrate a new genetic modification that can increase the yield of natural oil in seeds by up to 15% in laboratory conditions. This results in larger oil reserves in the seed that primarily serves as an energy source for germination.

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Oil Singapore Cleaner United States 236

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NOVEMBER 15, 2013

The latest monthly update of estimated crude oil production in the Bakken region of North Dakota and Montana shows total wellhead output topping 1 million barrels of oil per day (bbl/d) next month. These production gains have led to increases in gross domestic product in the state as well as increased demand for electricity.

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Oil North Dakota Production Montana 270

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MARCH 23, 2023

The BLADE (Beaumont Light Atmospheric Distillation Expansion) project built a third crude unit within the facility’s existing footprint to expand light crude oil refining. This expansion is the equivalent of a medium-sized refinery and is a key part of our plans to provide society with reliable, affordable energy products.

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Delaware Oil 2012 Light 353

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JANUARY 24, 2017

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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Oil Prices Oil Price Oil-Sands 150

Teslarati

DECEMBER 16, 2021

Elon Musk may be paying an estimated $15 billion in taxes this year due to his massive sale of part of his TSLA holdings, but his contributions to the US government may end up supporting the fossil fuel industry. trillion worth of subsidies granted for the production and burning of coal, oil, and gas in 2020.

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Tax Industrial Industry Parts 145

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AUGUST 23, 2014

million barrels per day of crude oil and liquids. The Enbridge Mainline system is the largest conduit of oil into the United States. Enbridge transports 53% of US-bound Canadian production, a figure that accounts for approximately 15% of total US crude oil imports. Earlier post.). miles (2.4

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Oil-Sands Oil Canada United States 339

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NOVEMBER 16, 2016

The Wolfcamp shale in the Midland Basin portion of Texas’ Permian Basin province contains an estimated mean of 20 billion barrels of oil, 16 trillion cubic feet of associated natural gas, and 1.6 This estimate is for continuous (unconventional) oil, and consists of undiscovered, technically recoverable resources. Resources.

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Oil Texas United States Delaware 150

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JUNE 18, 2022

According to EIA’s June 2022 Short-Term Energy Outlook (STEO), petroleum production in the combined non-OPEC countries, excluding the Unites States and Russia, will increase by 3% (0.9 The United States will account for about 60% of the growth in combined liquid fuels production in all non-OPEC countries.

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Brazil Canada Oil-Sands China 259

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DECEMBER 5, 2014

The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. As is the nature of the junk-bond market, lots of money flowed to companies with much riskier drilling prospects than, say, the oil majors. The situation will compound itself if oil prices stay low.

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Oil Prices Oil Price North Dakota 270

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APRIL 20, 2022

As outlined in EIA’s Summer Fuels Outlook , a supplement to the April 2022 Short-Term Energy Outlook , the agency expects the ongoing effects of the COVID-19 pandemic will have a smaller effect on gasoline and diesel consumption in the United States during the 2022 summer season compared with the past two summers.

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Gasoline 2014 Diesel Price 259

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NOVEMBER 15, 2012

Average values for WTW GHG emissions for oil sands and other crudes, tight boundary. When the oil sands products refined in the United States are considered—a mixture of oil sands and lower-carbon blending components—the GHG emissions are, on average, 9% higher than the average crude processed in the US.

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Oil-Sands Oil Emissions United States 388

The Truth About Cars

MAY 22, 2024

The Biden administration has placed a strong emphasis advancing vehicular electrification via subsidies that oil futures spiked immediately after the 2020 election. It has likewise claimed to be combating oil companies on behalf of the environment. The oil and gas sector has enjoyed blockbuster profits in recent years.

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Gasoline Gas Saudi Arabia Oil 92

Green Car Congress

MARCH 3, 2017

The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. The collapse of oil prices forced the majors to slash spending on exploration, cut employees, defer projects, and look for efficiencies. by Nick Cunningham of Oilprice.com.

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Oil 2011 Oil Prices Chevron 150

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APRIL 15, 2017

shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street’s major investment banks. In recent years, U.S. shale output.

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Oil Supplies Oil Prices 2017 150

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APRIL 6, 2017

On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 Russia’s Oil Production 1970-2020 and Russia’s Deep-Hole Oil & Gas Exploration Drilling. In 2016, only 3.7

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Russia Oil 2016 Oil Prices 150

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AUGUST 15, 2012

The US Geological Survey (USGS) has released a new estimate—based on a new methodology—for potential additions to domestic oil and gas reserves from reserve growth in discovered, conventional accumulations in the United States. These estimates were made using a new assessment methodology developed by the USGS.

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Oil Gas United States 2012 236

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JUNE 27, 2012

World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6

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Oil Oil-Sands Price Production 261

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APRIL 1, 2021

Year-on-year gasoline sales in the United States have moved into positive territory for the first time on the one-year anniversary of the first major declines that resulted from COVID-induced stay at home orders. OPIS Demand Pro weekly gasoline sales volumes sourced directly from over 26,000 stations in the United States.

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Gasoline 2020 United States Florida 411

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JULY 16, 2017

OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines. At the same time, Saudi Arabia’s export volumes have been hit by high local summer demand for crude oil and products. by Cyril Widdershoven for Oilprice.com.

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Oil Libya Nigeria Qatar 186

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FEBRUARY 4, 2012

The US Bureau of Land Management (BLM) has published the Notice of Availability (NOA) of the Draft Programmatic Environmental Impact Statement (PEIS) and Possible Land Use Amendments for Allocation of Oil Shale and Tar Sands Resources on Lands Administered by the BLM in Colorado, Utah and Wyoming.

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Oil-Sands Oil Available Commercial 252

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DECEMBER 4, 2018

SK Innovation, which is part of SK Group, says that it is making the investment in Georgia to better compete in the growing global EV battery market. The company says that the new investment will provide opportunities for it to bring its products to additional automakers in the United States.

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Georgia Manufacturer Building Lithium Ion 285

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OCTOBER 7, 2021

Falling technology costs and favorable laws and regulations mean that much of the new electricity generation will come from renewable energy sources, although natural gas, coal, and batteries will remain critical parts of the electric grid, backing up solar and wind resources. —Stephen Nalley. —Stephen Nalley.

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Global Energy Emissions Asia 259

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OCTOBER 29, 2020

Chinese EV manufacturers are expected to start expanding overseas, while Beijing already controls a large part of the global EV supply chain, beginning with critical minerals processing. China controls a large part of the EV supply chain, analysts say. Link to original article.

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China Global Lithium Ion Chinese 310

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DECEMBER 23, 2013

The US-Mexico Transboundary Hydrocarbons Agreement, which establishes a framework for US offshore oil and gas companies and Mexico’s Petroleos Mexicanos (PEMEX) jointly to develop transboundary reservoirs ( earlier post ), was enacted today as part of the Bipartisan Budget Act ( H.J.Res.59 59 ) which President Obama signed into law.

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Mexico Parts Obama Oil 230

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NOVEMBER 8, 2015

Using activated amine (ADIP-X), Quest will capture one-third of the CO 2 emissions from Shell’s Scotford Upgrader, which turns oil sands bitumen into synthetic crude that can be refined into fuel and other products. This includes cooperation with the United States Department of Energy, and the British government on research at the Quest site.

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Oil-Sands Oil Commercial Carbon 150

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AUGUST 28, 2022

As part of the Federal Government’s response to a fire and shutdown at the bp Whiting Refinery in Whiting, Indiana, US Environmental Protection Agency (EPA) Administrator Michael Regan issued an emergency fuel waiver to help alleviate fuel shortages in four states the supply of gasoline of which has been impacted by the refinery shutdown.

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EPA Indiana Fuel Wisconsin 334

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APRIL 18, 2012

USGS is the only provider of publicly available estimates of undiscovered technically recoverable oil and gas resources of the world. These new estimates are for conventional oil and gas resources only. This assessment does not include the United States; however, the USGS is continuously assessing American domestic resources.

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Oil Oil-Sands Gas Global 218

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JULY 21, 2012

Billions of barrels of oil may be potentially recoverable from residual oil zones in the US, according to initial findings from a study supported by the US Department of Energy’s Office of Fossil Energy (FE). Residual oil zones (ROZs), are areas of immobile oil found below the oil-water contact of a reservoir.

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Oil New Mexico Texas Mexico 210

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APRIL 6, 2012

As part of a larger reorganization of its Global Oilfield and Mining Solutions business, BASF is establishing a dedicated Global Enhanced Oil Recovery (EOR) Business Development unit. Houston is recognized as the global hub for the oil and gas industry. Houston is recognized as the global hub for the oil and gas industry.

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Oil Global Houston Chile 225

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SEPTEMBER 5, 2020

In one of the first comprehensive assessments of the fuel economy standards in the United States, researchers from Princeton University and the University of Tennessee found that, over their 40-year history, the standards helped reduce reliance on foreign oil producers, cut greenhouse gas emissions, and saved consumers money.

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Fuel Economy Economy Standards Fuel 307

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DECEMBER 31, 2011

Flows through the Strait in 2011 were roughly 35 percent of all seaborne traded oil, or almost 20 percent of oil traded worldwide. ”. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. The United Arab Emirates is also completing the 1.5 Source: EIA.

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Oil Panama Saudi Arabia United Arab Emirates 297

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MARCH 31, 2014

Five states (Texas, North Dakota, California, Alaska, and Oklahoma) and the Gulf of Mexico supplied more than 80%, or 6 million barrels per day, of the crude oil (including lease condensate) produced in the United States in 2013, according to the US Energy Information Administration (EIA). Click to enlarge.

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North Dakota Mexico Oil Oklahoma 220

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MARCH 28, 2012

The amount of crude oil the United States imported from its top five foreign suppliers—Canada, Saudi Arabia, Mexico, Venezuela, and Nigeria—increased slightly during 2011, even though total US crude oil imports fell to their lowest level in 12 years, according to the US Energy Information Administration.

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Saudi Arabia Canada Venezuela 2011 220