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Chevron Sanctions Development of Deepwater Jack/St. Malo Project in the Gulf of Mexico; Initial Development Cost of ~$7.5B

Green Car Congress

It will include three subsea centers tied back to a hub production facility with a capacity of 170,000 barrels of oil and 42.5 Malo fields are estimated to contain combined total recoverable resources in excess of 500 million oil-equivalent barrels. million cubic feet of natural gas per day. Startup is anticipated in 2014.

Chevron 199
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UK study concludes cumulative global sales of EVs could reach 30M units by 2050, or 1.5% of projected global car parc; decisive global action required

Green Car Congress

million units/year); the availability of subsidies and incentives; the availability of an extensive and expensive recharging infrastructure and adequate energy supplies; the future cost of oil; and the cost of meeting transport emissions legislation through means other than EV production.

Global 225
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Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Green Car Congress

The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported 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

Environmental costs are often not shown on financial statements because the bearers of such costs can be either particular individuals or society at large, are often both non-monetary and problematic to quantify for comparison with monetary values. Source: KPMG. Click to enlarge. billion in 2005.

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MIT Report Finds Natural Gas Has Significant Potential to Displace Coal, Reducing Greenhouse Gas Emissions; Role in Transportation More Limited

Green Car Congress

The use of compressed or liquefied natural gas as a fuel for vehicles could help to displace oil and reduce greenhouse gas emissions, but to a limited extent because of the high cost of converting vehicles to use these fuels. The first two reports dealt with nuclear power (2003) and coal (2007).

MIT 240
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Study Finds Integrated Biorefinery Processes Could Be Highly Competitive With Petroleum Fuels on Efficiency and Costs, While Offering Substantial Reductions in Greenhouse Gas Emissions

Green Car Congress

The RBAEF project, which was launched in 2003, is the most comprehensive study of the performance and cost of mature technologies for producing energy from biomass to date. Achieve production costs consistent with gasoline when oil prices are at about $30 a barrel. per liter gasoline equivalent ($1.37 – $2.16

Emissions 170
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IEEE: Will CARB Take Part in Plug-in Car Revival?

Plugs and Cars

Oil companies shut out of electric markets are exploring biofuels and hydrogen as potential markets they could control. That which they don't kill (EVs in 2003) they hope to delay (FCVs in 2008). Carmakers are desirous of delaying the inevitable but problematic move to electric drive.

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