Remove 2017 Remove Cost Of Remove Forecast Remove Oil Prices
article thumbnail

The Next Oil Price Spike May Cripple The Industry

Green Car Congress

Two diametrically opposed views dominate the current debate about where the oil price is heading. The second is that under the best of circumstances it will take the EV industry close to another decade to close this cost of ownership gap. Why the price of oil could spike before that. Since (non-U.S.

article thumbnail

IHS Markit: US oil production growth heading for a major slowdown, as capital discipline and weak prices play out

Green Car Congress

Exploration and production (E&P) companies are trading at multiples that are half to one-third of what they were in 2017, and debt markets are unwilling to provide fresh debt for all but the largest shale players. The combination of closed capital markets and weak prices are pulling cash out of the system. —Raoul LeBlanc.

Oil 170
article thumbnail

Why Is The Shale Industry Still Not Profitable?

Green Car Congress

The firm said that in the third quarter of 2017, the “average operating cost per barrel has broadly remained the same without any efficiency gains.” Not only that, but the cost of producing a barrel of oil, after factoring in the cost of spending and higher debt levels, has actually been rising quite a bit.

article thumbnail

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

Green Car Congress

AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. trillion cubic feet (Tcf) in the Low Oil Price case to 13.1

2020 150
article thumbnail

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

Green Car Congress

quadrillion Btu in 2025, due to incorporation of the model year 2017 to 2025 GHG and CAFE standards for LDVs. Biofuels grow at a slower rate due to lower crude oil prices and. After 2015, the Brent price increases, reaching $163 per barrel in 2040, as growing demand leads to the development of more costly resources.

Fuel 225
article thumbnail

EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

Green Car Congress

EIA added a premium to the capital cost of CO 2 -intensive technologies to reflect current market behavior regarding possible future policies to mitigate greenhouse gas emissions. World oil prices rise in the Reference case, as pressure from growth in global demand continues. Click to enlarge.

Oil 210
article thumbnail

IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

Green Car Congress

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. emissions is not taken before 2017, all the allowable CO 2. — WEO-2012. If action to reduce CO 2.

Global 225