Remove 2002 Remove Companies Remove International Remove Oil
article thumbnail

Biden authorizes release of more than 180M barrels of oil from Strategic Petroleum Reserve; 1M bpd for 6 months

Green Car Congress

In an effort to address the rapidly increasing cost of gasoline, President Biden authorized the release of 1 million barrels of oil per day for the next six months—more than 180 million barrels—from the Strategic Petroleum Reserve (SPR). million barrels of sweet and 200,000 barrels of sour crude oil. Background.

Oil 418
article thumbnail

Report: PetroChina to Boost Investment in Oil Gas in Indonesia by 30% This Year

Green Car Congress

The Jakarta Post reported that Chinese oil and gas firm PetroChina will increase its investment in oil and gas exploration and development in Indonesia by 30% this year to boost oil lifting and counteract declining production.

Indonesia 210
article thumbnail

Study Finds that US Subsidies for Fossil Fuels Are Almost 2.5x Those for Renewables

Green Car Congress

US subsidies for fuels and renewable energy, 2002-2008. The study, “Estimating US Government Subsidies to Energy Sources: 2002-2008”, found that fossil fuels benefited from approximately $72 billion over the seven-year period, while subsidies for renewable fuels totaled $29 billion. Nuclear was not included in the analysis.

Renewable 338
article thumbnail

Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

Green Car Congress

In a pre-response to that speech, having successfully advocated for plug-in hybrids like the forthcoming Chevy Volt, we propose that the President follow that speech up with a “realistic and conservative” roadmap to halve our oil use in 10 years. Oil is holding us all hostage, economically and physically. Finally, it’s time to begin.

Oil 252
article thumbnail

Shell develops new concept synthetic lubricant for engines; up to 6.5% fuel economy benefit on urban cycle

Green Car Congress

25 city car as the test bed, Shell engineers formulated an ultra low viscosity 0W-10 motor oil. The testing undertaken compares this concept lubricant to a 10W-30 oil which is a widely used viscosity in European markets. In 2002, Shell acquired Pennzoil-Quaker State Company to become the No. Using GMD’s new T.25

article thumbnail

Inventor of AT&T’s Datakit, the First Virtual Connection Switch, Dies at 85

Cars That Think

telephone companies. He began his career at Ferranti , an electrical engineering and equipment company in Manchester, England. Fraser held several leadership positions at the company during his 30 years there. In 1994 he became associate vice president for the company’s information science research department.

Connect 75
article thumbnail

Venter to Keynote Algae Biomass Summit

Green Car Congress

SGI recently announced a $600-million alliance with ExxonMobil Research and Engineering Company to develop next generation biofuels using photosynthetic algae. Earlier post.). His presentation at the Algal Biomass Summit is titled “From reading to writing the genetic code.”. He is also a member of the National Academy of Sciences.

San Diego 186