Green Car Congress

OCTOBER 1, 2012

The cost associated with replacing a barrel of produced oil has risen from $6 per barrel in 1998 to $27 per barrel in 2011, according to Lux Research—an increase of 350%. Unconventional oil will be a key area of focus for producers. will be in the oil sands. Cost to replace each barrel of oil produced.

Oil 225

Oil Oil-Sands Cost Of Oil Prices 225

Green Car Congress

JUNE 23, 2011

Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Data: California DOGGR. Click to enlarge. Source: Chevron. Click to enlarge.

Chevron 244

Chevron Oil Oil-Sands Production 244

Tony Karrer Delicious EVdriven

APRIL 16, 2009

Electric vehicles will be available for customers in 2011. Just as wireless service providers offer smartphones at discounted prices, Project Better Place will offer discounted electric vehicles with usage pricing plans. Millions of EVs and PHEVs would expand the sale of electricity as an alternative to oil. Email Neal.

Grid 28

Grid Electric Vehicles Vehicles Oil-Sands 28