Remove 2017 Remove Cheap Remove Future Remove Oil Prices
article thumbnail

Univ of Washington team working to make poplar coppice viable cheap, high-volume biofuel feedstock

Green Car Congress

Their results, published recently in two papers—one in ACS Sustainable Chemistry & Engineering and the other in Biotechnology for Biofuels (open access)—point to a promising future for using poplar coppice for biofuel. That’s the problem. Chang Dou, Wilian F. Marcondes, Jessica E.

article thumbnail

Baker Institute expert: crude-oil production increase a risky strategy for Saudi Arabia

Green Car Congress

Most notably, a rise in Saudi crude-oil output could trigger a damaging period of global oversupply, said Jim Krane, the Wallace S. This glut could be exacerbated by future carbon taxes and other policy restrictions on fossil fuels, he said. —Krane (2017). Krane’s paper is published in the journal Energy Policy.

article thumbnail

Saudis Expand Price War Downstream

Green Car Congress

The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil. In case of Saudi Arabia, the price of crude oil would be extremely low. The crude is so cheap it’s pretty much free for them, the margins are going to be massive. Source: [link].

article thumbnail

IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

Although the recovery in the world economy since 2009 has been uneven, and future economic prospects remain uncertain, global primary energy demand rebounded by a remarkable 5% in 2010, pushing CO 2 emissions to a new high. Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply.

Oil 247