Green Car Congress

SEPTEMBER 2, 2015

If You’re a Free Range Oil Producer. Despite low oil prices, Saudi Arabia is maintaining its investment in its oil industry. as the drop in oil prices over the last year has put a strain on the nation’s finances.". In a CNN article quoting SIPRI for 2014, the author's guesses for 2015 (6.25

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Oil Saudi Arabia UAE 2015 150

Green Car Congress

OCTOBER 25, 2015

Kicking the can means that production may not fall as fast as expected, which will mean oil prices may not begin to stage a rally as quickly as some had hoped. The ratings agency cut its forecasted oil price for 2016 to just $48 per barrel. Although capital spending has dropped substantially and the U.S.

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Saudi Arabia Oil Prices Oil Russia 150

Green Car Congress

APRIL 10, 2015

With the decline of average annual crude prices, OPEC earned around $730 billion in net oil export revenues in 2014 (Source: EIA), a big decline of 11% from its previous year. The EIA even predicts that OPEC’s net oil exports (excluding Iran) could fall to as low as $380 billion in 2015. United we stand, divided we fall.

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Saudi Arabia Venezuela Iran Nigeria 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

FEBRUARY 3, 2015

The Anglo-Dutch company failed to achieve permits on time, had its drill ships run aground , and saw its oil spill containment dome “crushed like a beer can” during testing. However, the first month of 2015 has darkened Arctic dreams even further. In Russia, Arctic dreams are also going to disappoint, although for different reasons.

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Oil Alaska Oil Prices 2015 150

Green Car Congress

NOVEMBER 6, 2015

One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

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Oil Oil-Sands Saudi Arabia Oil Prices 150

Green Car Congress

MAY 27, 2009

billion metric tons in 2015 and 40.4 Total world energy use rises from 472 quadrillion British thermal units (Btu) in 2006 to 552 quadrillion Btu in 2015 and then to 678 quadrillion Btu in 2030. World oil prices have fallen sharply from their July 2008 high mark. billion metric tons in 2006 to 33.1 in the reference case.

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2006 Emissions Energy Oil-Sands 150

Green Car Congress

NOVEMBER 12, 2012

The cost of fossil-fuel subsidies has been driven up by higher oil prices; they remain most prevalent in the Middle East and North Africa, where momentum towards their reform appears to have been lost. Renewables become the world’s second-largest source of power generation by 2015 and close in on coal as the primary source by 2035.

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Global 2012 Energy Oil 225

Green Car Congress

JANUARY 19, 2011

World energy growth over the next twenty years is expected to be dominated by emerging economies such as China, India, Russia and Brazil while improvements in energy efficiency measures are set to accelerate, according to BP’s latest projection of energy trends, the BP Energy Outlook 2030. Click to enlarge. —Christof Rühl.

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Energy Economy Global Oil-Sands 210

Green Car Congress

AUGUST 13, 2015

In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. Prices rebounded to $60 for a few months, before falling once again below $50.

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Saudi Arabia Oil Iraq Iran 150

Green Car Congress

SEPTEMBER 10, 2014

The potential for growth in demand for liquid fuels is focused on the emerging economies of China, India, and the Middle East, while liquid fuels demand in the United States, Europe, and other regions with well-established oil markets seems to have peaked. Rising world oil prices attract investment in areas previously considered uneconomic.

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Asia Transportation Oil-Sands Oil Prices 341

Green Car Congress

NOVEMBER 13, 2011

Under the central New Policies Scenario, automotive sales in non-OECD markets exceed those in the OECD by 2020, with the center of gravity of car manufacturing shifting to non-OECD countries before 2015. Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. Click to enlarge.

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Oil Transportation Cheap Fleet 247

The Truth About Cars

AUGUST 8, 2023

In July, for example, Saudi Arabia starting reducing how much oil it sends to the global economy by 1 million barrels each day. Russia is also exporting less, he said. If the oil industry is truly hamstrung by logistical issues created by climate change, it probably would not be enjoying such staggering profitability.

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Price Fuel Oil Climate Change 73