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Oil Well Strippers Suffering From Low Oil Prices

Green Car Congress

With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now appears that oil prices could remain below $50 a barrel for a year or more. A stripper is a small operator of very old oil wells that frequently produce less than five barrels per day of oil.

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KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

Green Car Congress

The KPMG study, “Expect the Unexpected: Building Business Value in a Changing World”, explores issues such as climate change, energy and fuel volatility, water availability and cost and resource availability, as well as population growth spawning new urban centers. Global food prices are predicted to rise 70 to 90 percent by 2030.

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EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

Green Car Congress

Methanol, like ethanol, is an alcohol with inherent issues such as its solubility in water and corrosiveness. Starting in the 1990s, MTBE was used as an oxygenate and octane enhancer in reformulated gasoline sold in the United States, with domestic production exceeding 200,000 b/d from 1998 to 2002. Methanol in China.

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