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US Shale Is Immune To An Oil Price Crash In 2017

Green Car Congress

shale in particular—is effectively capping the oil price gains from that agreement. Four months after the OPEC/NOPEC deal took effect, oil prices dropped to the levels preceding the agreement, amid concerns over still stubbornly high inventories and rising U.S.

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Eni report: global oil reserves and oil production up in 2018 due to US

Green Car Congress

In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. also rose in Brazil and Norway. Source: Eni World Oil Review 2019. 2018 recorded an overall growth in oil production of 2.5 Asia Pacific’s oil dependence continues to grow, ranking first in terms of deficit.

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Norweign Drivers switch to Electric Cars

EV Report

Above – Electric Car at Norway. Most people do know and feel that if we drive electric cars we could reduce the consumption of oil and could reduce pollution. Norway, a small rural country having a population of only 5 million has been steadily building electric cars. In Norway, most cars are imported.