Green Car Congress

AUGUST 6, 2015

A flood of bearish news has pushed down oil prices to their lowest levels in months, with WTI nearing $45 per barrel and Brent flirting with sub-$50 territory. With a bear market back, there is pessimism throughout the oil markets. Low oil prices will sooner or later force a cutback in production.

Oil Prices 150

Oil Prices Oil United States North America 150

Green Car Congress

MARCH 8, 2017

OPEC’s coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above US$50 since the deal was announced at the end of November last year. Analysts and experts are now mostly predicting that oil prices will remain below US$60 this year.

Oil Prices 170

Oil Prices Saudi Arabia Oil Price 170

Green Car Congress

MAY 22, 2020

Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 The oil market fear that characterized March and the extreme price pressure that producers felt in April have galvanized producers across North America into unprecedented action.

Oil 186

Oil Canada Oil-Sands Production 186

Green Car Congress

OCTOBER 2, 2019

The low levels in discoveries come as a result of a pullback during the past 10 years in the wildcat drilling that targets conventional oil and gas plays—most drastically after oil prices collapsed in 2014. —Keith King, senior advisor at IHS Markit and a lead author of the IHS Markit E&P trends analysis.

Oil 199

Oil Gas Oil Prices Water 199

Green Car Congress

OCTOBER 13, 2011

According to a new report from Pike Research, the increased production and consumption of biofuels will more than double the industry’s market value in the next decade. Pike forecasts that the global market for biofuels will increase from $82.7 between 2017 and 2021, as a combination of higher oil prices, emerging mandate.

Global 225

Global Market Financing Oil Prices 225

Green Car Congress

DECEMBER 21, 2015

In a new report, Electric Vehicle Market Forecasts , Navigant research projects that under its base scenario, global sales of light duty electrified vehicles (i.e., The growth of PEV market share will be aided in part by the number and variety of PEV offerings coming to the market over the next several years. million in 2024.

Light 150

Light Sale Global Oil Prices 150

Green Car Congress

JANUARY 6, 2022

The world’s two largest economies—the United States and China—are poised to be the world’s top export and import markets for liquefied natural gas (LNG), respectively, in 2022, according to a new report by IHS Markit. Spot LNG prices have soared past previous records. MMt in 2021, surpassing the previous record of 5.8

Qatar 186

Qatar China United States Brazil 186

Green Car Congress

APRIL 23, 2018

million barrels per day over the last five years, IHS Markit says in the new report from its oil markets and research team. Current global total liquids oil demand growth is at similar levels to what was recorded during the 2003 to 2007 commodity super-cycle, referred to as the “golden age” of refining. Source: IHS Markit 2018.

Oil 276

Oil Global 2003 2007 276

Green Car Congress

APRIL 10, 2015

With its headquarters in Vienna, Austria, one of the mandates of 12-member OPEC is to “ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.”

Saudi Arabia 150

Saudi Arabia Venezuela Iran Nigeria 150

Green Car Congress

DECEMBER 28, 2015

Overall, Navigant expects the worldwide market for light-duty NGVs to grow at a compound annual growth rate (CAGR) of 4.3% Navigant expects Asia Pacific to remain the largest market, with more than 1.56 Various regional factors affect the markets for natural gas vehicles (NGVs), Navigant observes. million, accounting for 2.6%

2015 150

2015 Gas Global North America 150

Green Car Congress

MARCH 13, 2016

Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices.

Argentina 150

Argentina Oil Oil Prices Chevron 150

Green Car Congress

APRIL 8, 2015

In North America, nearly 37% of new light duty vehicles sold in North America are expected to have the feature by 2020, with the rate expected to hit 46% by 2024 and grow steadily. The other driver for SSV technology is consumer demand—present in Europe and some Asia Pacific countries for some time thanks to high fuel prices.

Light 150

Light North America Global Sale 150

Green Car Congress

OCTOBER 12, 2012

Profound shifts in the regional distribution of oil demand and supply growth will redefine the refining industry and transform global oil trade over the next five years, according to the annual Medium-Term Oil Market Report (MTOMR) released by the International Energy Agency (IEA). The oil market is at a crossroads.

Oil 255

Oil Oil-Sands Global Oil Prices 255

Green Car Congress

JULY 5, 2016

Whereas fuel cost used to be a major driver for fleet managers, the lowering of oil prices and the availability of low-cost natural gas has reduced this concern, Navigant notes. A major factor has always been the cost of battery packs.

Global 150

Global Sale North America Oil Prices 150

Green Car Congress

NOVEMBER 11, 2010

If these barriers can be overcome, advanced biofuels could significantly disrupt the status quo in fuel markets. Base case economics for EVs in North America are very challenging, absent significant disruption in oil price or battery cost. Click to enlarge. By 2020, CSP could provide power at $0.10

Solar 295

Solar Boston Consulting Group Power Powered 295

Green Car Congress

JUNE 20, 2011

Separately, a new report by Pike Research forecasts that green chemistry represents a market opportunity that will grow from $2.8 billion pound, $3-billion worldwide market. Genomatica expects Bio-BDO to be competitive at oil prices of $45 per barrel or at natural gas prices of $3.50 billion in 2011 to $98.5

Green 236

Green Market 2011 2020 236

Green Car Congress

SEPTEMBER 7, 2012

Due to the historically large gap between high oil prices and low gas prices in North America, we’re experiencing very strong interest from potential clients keen to take advantage of this arbitrage opportunity. —Roy Lipski, CEO of Oxford Catalysts Group.

Supplies 225

Supplies Commercial North America Pennsylvania 225

The Truth About Cars

OCTOBER 30, 2023

What was the most fuel-efficient (mass-produced, internal combustion-powered, highway-legal, non-gray-market, four-wheeled, et freakin' cetera) new car available in the United States during the 1980s? If you want to be picky, the 198 6 Sprint ER was the gas-mileage king of 1980s America, rated at 44 city and 53 highway miles per gallon.

Chevrolet 105

Chevrolet Suzuki California Los Angeles 105

Green Car Congress

JUNE 13, 2012

Oil remains the world’s leading fuel, but its 33.1% Coal’s market share of 30.3% The “Arab Spring” affected oil and gas supplies—most notably the complete, albeit temporary, loss of Libyan supply—while the tragic Fukushima accident in Japan had knock-on effects for nuclear and other energy sources around the world.

Coal 261

Coal Oil Renewable Saudi Arabia 261

Green Car Congress

MAY 17, 2012

High oil prices, impending emissions regulations and technical advancements are propelling the market faster than we expected. On 6-7 June, Zeus will host an LNG-Fueled Marine Advancements meeting to present the survey, review trends and tour a new LNG-turbine propulsion system by GE. What surprised us is the rate.

South Korea 218

South Korea Fuel Mariner Singapore 218

Green Car Congress

APRIL 18, 2020

Key regional insights on a few major markets follows: For the North American market, IHS Markit forecasts a production decline of more than 30% in Class 4-8, or about 198,000 units from previous forecasts, as the economic slump combines with rapidly ebbing replacement pressure to undermine new orders.

2020 191

2020 Commercial Global Production 191

Green Car Congress

NOVEMBER 6, 2015

One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

Oil 150

Oil Oil-Sands Saudi Arabia Oil Prices 150

Green Car Congress

APRIL 1, 2015

The question today is just how much Argentina is willing to change and how this plays into a low oil price environment that is already negatively impacting investment elsewhere. The promise of a change of government—and potentially a more market-friendly approach—later this year should add to the country’s appeal.

Argentina 150

Argentina Oil Oil Prices Environment 150

Green Car Congress

FEBRUARY 23, 2017

Beginning with its February Short-Term Energy Outlook (STEO), EIA incorporated revisions to historical international liquids consumption data into the STEO’s international liquid fuels market balances. This review consisted of a closer look at the refined products markets in China, and also a sectoral analysis of energy use.

2000 150

2000 2016 Fuel China 150

Green Car Congress

OCTOBER 27, 2010

According to a new report from Pike Research, algae biofuels production will grow rapidly over the next decade, reaching 61 million gallons per year and a market value of $1.3 Pike Research anticipates that, with 50% of all algae activity, the United States is poised to ramp up production the earliest among world markets.

2020 319

2020 Production Water Oil Prices 319

DIY Electric Car

NOVEMBER 28, 2010

There have been 5 recession since then until now and I wanted to see if Oil had anything to do with them, because deep in my heart, I knew the most recent recession was directly caused by the oil price spikes that started in 2007 and peaked in 2008. This increase in oil prices again pushed the economy into a recession.

USA 180

USA Oil Prices Oil 2001 180

Green Car Congress

NOVEMBER 24, 2010

Although co-production plants are much more costly than liquids-only configurations in terms of capital cost, Hari Mantripragadaa1 and Edward Rubin found, because of the high electricity revenues the cost of liquid product is lower than that of the liquids-only case, at market prices of electricity. Mantripragada and Edward S.

Coal 231

Coal Oil Prices CO2 Gas-Electric 231

Green Car Congress

MAY 22, 2013

The index compares the development of e-mobility in seven leading car-manufacturing nations (Germany, France, Italy, US, Japan, China and South Korea) on the basis of three parameters: technology, manufacturing, and market. Plug-in America’s #PIA100K. Extracting oil by fracking could stabilize the oil price over the next few years.

South Korea 239

South Korea Sale France Plug-in 239

Green Car Congress

AUGUST 25, 2015

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. percentage points.

Saudi Arabia 150

Saudi Arabia Russia Oil 2015 150

Green Car Congress

DECEMBER 16, 2009

Of course, other countries benefit from this fact, with about $900 million flowing out of the US to buy foreign oil every day, and about 40% of that going to OPEC. [ As a result, America continues to be entangled with unfriendly or shaky regimes, which compromises the safety of our troops and our foreign policy objectives.

Oil 255

Oil Transportation Congress Fuel Economy 255

Green Car Congress

NOVEMBER 7, 2011

Further, improved supply prospects for natural gas are likely to lead to decoupling of oil and gas markets, according to the study. The world is nearing a paradigm shift in oil demand. The predominant role of oil in the global energy mix is facing an ever greater challenge from a number of emerging trends.

Oil 210

Oil 2010 2020 Global 210

Green Car Congress

JANUARY 23, 2012

The US Energy Information Administration (EIA) released its Reference case projections for US energy markets through 2035. 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. Source: EIA. Click to enlarge.

Oil 210

Oil 2005 Production 2010 210

Green Car Congress

FEBRUARY 26, 2010

Jack Rosebro, founder of Perfect Sky in Los Angeles [and a contributor to Green Car Congress ], spoke of the need for government policy makers to move beyond incremental changes that are not providing enough incentive for the market to produce alternatives to oil as the almost exclusive source of energy for road and rail transportation.

Electric Vehicles 186

Electric Vehicles Vehicles Los Angeles Canada 186

Green Car Congress

AUGUST 30, 2009

The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil.

Transportation 317

Transportation Fuel Renewable Gasoline-Electric 317

Green Car Congress

FEBRUARY 3, 2010

Because the carbon intensity metric of fuels within the LCFS accounts not only for a fuel’s physical characteristics, but also the energy necessary to bring the transportation fuel to market in California, chemically identical fuels are assigned different carbon intensities under the LCFS, the complaint notes.

California 199

California Oil-Sands Oil 2005 199

Green Car Congress

NOVEMBER 12, 2012

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. Links between regional gas markets will strengthen as liquefied natural gas trade becomes more flexible and contract terms evolve.

Global 225

Global 2012 Energy Oil 225

Green Car Congress

MAY 9, 2020

All producing countries are subject to the same brutal market forces. —Jim Burkhard, vice president and head of oil markets, IHS Markit. IHS Markit expects oil demand in the second quarter of 2020 to be 22 MMb/d less than a year ago. But under these market conditions, it is pretty clear where production will be cut.

Oil 170

Oil 2020 Global Oil Prices 170