2016 Oil Prices Resource Supplies 
Green Car Congress
AUGUST 25, 2017
Two diametrically opposed views dominate the current debate about where the oil price is heading. On the other hand, however, there is the view that the price of oil is set to explode, primarily due to underinvestment in the upkeep of brownfields , development of greenfields , and exploration for new resources.
Green Car Congress
JUNE 1, 2016
Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. According to data from Rystad Energy, overall global oil output will fall this year as natural depletion overwhelms all new sources of supply. The price acts as a self-correcting mechanism.
Green Car Congress
APRIL 27, 2017
Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that both trends could continue this year. Oil discoveries declined to 2.4
Green Car Congress
JANUARY 23, 2019
That leaves a rather large backlog that could add a wave of new supply, even if the pace of drilling begins to slow. 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.
Green Car Congress
FEBRUARY 23, 2017
The report estimates consumption to have been more than 500,000 barrels per day (b/d) in 2016. Most of China’s methanol supply is from domestic production. China has abundant coal resources, and for more than a decade the country has increased its capacity to manufacture methanol using coal as a feedstock.
Green Car Congress
DECEMBER 17, 2010
Shale gas offsets declines in other US supply to meet. The Annual Energy Outlook 2011 (AEO2011) Reference case released yesterday by the US Energy Information Administration (EIA) more than doubles the technically recoverable US shale gas resources assumed in AEO2010 and added new shale oil resources. Source: EIA.
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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