Remove 2017 Remove Future Remove Gas Remove Oil Prices
article thumbnail

Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

Green Car Congress

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. In a speech made at the Association of International Petroleum Negotiators’ 2017 International Petroleum Summit, Johnston laid out his concerns for the future of oil.

article thumbnail

US offshore oil and gas leasing plan for 2017-2022 focuses on Gulf of Mexico, excludes Arctic

Green Car Congress

US Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management (BOEM) Director Abigail Hopper released the final plan to guide future energy development for the Nation’s Outer Continental Shelf (OCS) for 2017-2022. The Proposed Final Program includes one sale in the northern portion of the Cook Inlet Planning Area.

Mexico 150
article thumbnail

Supply Crunch Or Oil Glut: Investment Banks Can’t Agree

Green Car Congress

This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street’s major investment banks. Beyond 2017, the impact of a collapse in longer-cycle conventional investment over 2014-16 begins to be felt.

Oil 150
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

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

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

Green Car Congress

The Annual Energy Outlook 2015 (AEO2015) released today by the US Energy Information Administration (EIA) projects that US energy imports and exports will come into balance—a first since the 1950s—because of continued oil and natural gas production growth and slow growth in energy demand. With greater U.S.

2020 150
article thumbnail

RedRock Biofuels to supply 3M gallons/year of renewable jet fuel to FedEx through 2024

Green Car Congress

The agreement runs through 2024, with first delivery expected in 2017. The Red Rock process begins with the gasification of woody biomass to produce synthesis gas, which is then is cleaned and sent to a Fischer-Tropsch unit where it is converted to liquid hydrocarbons. Red Rock’s gas-to-liquids technology partner is Velocys.

Renewable 150