Remove Argentina Remove Future Remove Market Remove Oil
article thumbnail

EIA ups total shale oil resource estimate by 13% to 419B barrels, shale gas by 4% to 7576 Tcf

Green Car Congress

The US Energy Information Administration (EIA) continues to expand its assessment of technically recoverable shale oil and shale natural gas resources around the world. Each of the countries has an existing oil and natural gas industry with infrastructure connecting the basins to global markets. Bcf/d from 2005 to 2014.

article thumbnail

EPA proposes slight ease in 2018 renewable fuel volumes compared to 2017; gearing up for future reset

Green Car Congress

Environmental Protection Agency (EPA) issued a proposed rule setting the minimum amount of renewable fuels that must be supplied to the market in calendar year 2018 under the Renewable Fuel Standards (RFS) program. EPA will issue the final rule in the fall. billion gallons.

2018 150
article thumbnail

Stanford, UC Santa Cruz study explores ramifications of demand-driven peak to conventional oil

Green Car Congress

In contrast to arguments that peak conventional oil production is imminent due to physical resource scarcity, a team from Stanford University and UC Santa Cruz has examined the alternative possibility of reduced oil use due to improved efficiency and oil substitution. 2010, to above 140 $/bbl in constant 2010 dollars).

Oil 207
article thumbnail

New Volkswagen MQ281 manual gearbox shaves up to 5g CO2/km

Green Car Congress

Although they function unobtrusively, manual gearboxes have a significant share of the gearbox market worldwide due to a high installation rate. This enabled us to design a completely new oil conduction system. Only slight modifications were sufficient to improve efficiency and consumption. Here we employed virtual development methods.

article thumbnail

MIT and IEA reports take different views of the future of natural gas in transportation

Green Car Congress

While compressed natural gas (CNG) will play a role, particularly for high-mileage fleets, the report suggests that the chemical conversion of gas into some form of liquid fuel may be the best pathway to significant market penetration. million bpd of oil. MIT: leaning toward conversion for light-duty vehicles.

MIT 299
article thumbnail

Toyota digs for Lithium

Revenge of the Electric Car

Toyota Tsusho Corp, a trading house and key Toyota supplier that Toyota owns 22 percent of, just announced that it would be jointly developing a new lithium project in Argentina with the Australian-listed Orocobre Ltd. Orocobre went public in December 2007 and now has a current market capitalization of nearly A$150 million.

Toyota 124
article thumbnail

The Dirty Truth of Petrol & Diesel Vehicles

Plug In India

Diesel or petrol starts as oil, on average 1,798 meters below the surface of the earth. A great deal of oil is extracted using what is called a pumpjack. The electricity usage for the 1,42,054 onshore wells that supply oil to India is over 1,415 GWh a month! That's just oil wells on land. What about deep sea drilling?

Petrol 59