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The Next Oil Price Spike May Cripple The Industry

Green Car Congress

In fact, at a little over $50 per barrel, oil is trading slightly higher than its historic, inflation adjusted average of $47 per barrel , which in and off itself calls into the question the “spike” view: If the period 2001 – 2014 was a clear historic abnormality, why should one expect the price to return those levels? 100 perhaps?),

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Oil Majors’ Costs Have Risen 66% Since 2011

Green Car Congress

Oil prices have stabilized and the cost cutting measures implemented over the past three years should allow companies to turn a profit even though crude trades for about half of what it did back in 2014. The result could be an uptick in the cost of producing oil for the first time in a few years. per barrel, rising to $36.50.

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Jordanian cabinet OKs $2.4B oil shale project with Enefit; largest in region and world

Green Car Congress

The current cost of generating power in the Kingdom is JD0.17 (US$0.24) per kWh. The Estonian firm has agreed on all technical details of the 470-megawatt project at a tariff of 95 fils (JD0.095; there are 1,000 fils in a Jordanian dinar. This equates to about US$0.13) per kilowatt-hour for a period of 26.5 Earlier post.).

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

In the course of 2015, both have raised output and exports over 2014 levels—Saudi Arabia by ~500 and 550~ mbbls/day respectively and Russia by ~100 and ~150. The year in which GDP exceeds 2014 GDP is noted in red font. dollar, it depreciated ~29 percent from November 27, 2014 to October 13, 2015 (48.58/US$, and $65.65

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The Next Big Offshore Boom Is About To Happen in Brazil

Green Car Congress

Say what you will about offshore oil and gas exploration, but it’s still alive and kicking—high production costs and all. The latest demonstration of the viability of deepwater projects, even in the post-2014 oil industry era, comes from none other than Brazil. Link to original article: [link].

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DOE announces $30M in funding for hydrogen and fuel cell technologies

Green Car Congress

The fuel cells market is growing rapidly, and has seen an annual growth rate of 30% every year since 2010 as well as $2 billion annual revenue in 2014. Also, recipients will provide all public data (such as technical data used to support published journal articles) to ElectroCat for curation and hosting.

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European Commission fines truck producers record €2.93B for colluding to pass on emission compliance costs

Green Car Congress

The European Commission found that truck makers MAN, Volvo/Renault, Daimler, Iveco, and DAF broke EU antitrust rules by colluding for 14 years on truck pricing and on passing on the costs of compliance with stricter emission rules. The decision follows the sending of a Statement of Objections to the trucks producers in November 2014.

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