Remove 2017 Remove Cost Of Remove Future 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 an oil price spike would be bad for the industry. Since (non-U.S.

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

US Shale Is Now Cash Flow Neutral

Green Car Congress

Oil prices are probably already high enough to spark a rebound in shale production. Even when US oil production hit a peak at 9.7 By the third quarter, oil prices had climbed back to above $40 and traded at around $50 per barrel for some time, replenishing some lost revenue. by Nick Cunningham of Oilprice.com.

article thumbnail

Oil Majors’ Costs Have Risen 66% Since 2011

Green Car Congress

The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. The collapse of oil prices forced the majors to slash spending on exploration, cut employees, defer projects, and look for efficiencies. per barrel, rising to $36.50.

Oil 150
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

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