article thumbnail

Huge Backlog Could Trigger New Wave Of Shale Oil

Green Car Congress

That figure is also up sharply from the 5,271 from the same month in 2016, a 60 percent increase. The latest crash in oil prices once again raises this prospect. The backlog of DUCs has continued to swell, essentially uninterrupted, for more than two years. The calculus on completing wells can cut two ways.

Oil 236
article thumbnail

Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

The Saudi decision to let the market set prices and to pursue market share, has led to steep declines in crude and petroleum product prices. The decision also has impacted natural gas export prices negatively, since, for Russia's long-term supply agreements, they wholly or partially are indexed to oil prices.

Russia 150
article thumbnail

Near-Term Prospects for Automotive Li-ion Batteries: 21% of Hybrid and EV Market by 2011

Green Car Congress

In the near-term (2011), lithium-ion batteries could grow to represent about 21% of the hybrid and EV advanced battery market, according to Dr. Menahem Anderman, President of Advanced Automotive Batteries and the organizer of last week’s Advanced Automotive Battery Conference 2009.

Li-ion 150
article thumbnail

Opinion: The Shale Delusion: Why The Party’s Over For US Tight Oil

Green Car Congress

Despite brash statements by US producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies. Reports this week from IEA and EIA paint a bleak picture for oil prices as the world production surplus continues. Clearly for now, the party is over for tight oil.

Oil 150