Green Car Congress

MARCH 24, 2016

Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospect of new shale production caps any potential price increase. million barrels per day (mb/d) in April 2015.

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Oil Prices Oil Price North Dakota 150

Green Car Congress

MARCH 13, 2016

Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices.

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Argentina Oil Oil Prices Chevron 150

Green Car Congress

JUNE 27, 2012

World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Source: Maugeri 2012.

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Oil Oil-Sands Price Production 261

Green Car Congress

MAY 20, 2015

Oil prices have rebounded strongly since March. The benchmark WTI prices soared by more than 36 percent in two months, and Brent has jumped by more than 25 percent. And just as producers cut back, now that prices are on the way back up, they could swing idled production back into action.

Oil 150

Oil North Dakota Oil Prices Price 150