Remove 2016 Remove Oil Remove Oil Prices Remove Universal
article thumbnail

How crude-oil prices influence gasoline prices

Green Car Congress

Gasoline is one of the products refined from crude oil. Thus, the price of crude oil should have a strong influence on the price of gasoline. However, the retail price of gasoline includes other costs as well. So how strong, indeed, is the relationship in the United States between crude-oil and gasoline prices?

article thumbnail

Oil Well Strippers Suffering From Low Oil Prices

Green Car Congress

With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now appears that oil prices could remain below $50 a barrel for a year or more. A stripper is a small operator of very old oil wells that frequently produce less than five barrels per day of oil.

article thumbnail

The Saudi Dilemma: To Cut Or Not To Cut

Green Car Congress

To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year’s December OPEC meeting. It seems like just yesterday when OPEC met in 2016 and decided to cut production by 1.8 million barrels daily, including from Russia, to reverse the free fall of oil prices.

article thumbnail

Forecast: Algae-Based Biofuels Production to Reach 61M Gallons per Year by 2020

Green Car Congress

The European Union (EU) market, which is home to about 30% of algae activity, will be limited initially by the industry’s focus on university research, and later by insufficient access to water, land, and nutrient sources. Pilot- and demonstration-scale facilities are beginning to break ground across the country.

2020 319
article thumbnail

Study projects emission impacts of inexpensive, efficient EVs: 36% further reduction in LDV GHG by 2050, or 9% economy-wide

Green Car Congress

A new study by researchers at the University of Colorado at Boulder projects the emission impacts of the widespread introduction of inexpensive and efficient electric vehicles into the US light duty vehicle (LDV) sector. The work is reported in a paper in the ACS journal Environmental Science & Technology.

Emissions 150
article thumbnail

Researchers show mixotrophic fermentation process improves carbon conversion, boosting yields and reducing CO2

Green Car Congress

The production costs for most chemicals via microbial fermentation are currently high compared to oil-derived products primarily because of operating costs associated with feedstock and feedstock processing. One way to mitigate high feedstock cost is to maximize conversion into the bioproduct of interest. Jones, Alan G. Fast, Ellinor D.