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New EIA report boosts estimates of global recoverable shale oil resources 10-fold to 345 billion barrels

Green Car Congress

Map of basins with assessed shale oil and shale gas formations, as of May 2013. Among the highlights in the 2013 report is a 10-fold increase in the estimate of technically recoverable shale / tight oil from 32 billion barrels (from the EIA’s Annual Energy Outlook 2011 ) to 345 billion barrels. Source: US EIA. Click to enlarge.

Oil 281
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Strong Dollar Could Cap Oil Prices

Green Car Congress

dollar poses an obstacle to further gains in oil prices. As Reuters points out , in dollar terms the price of Brent oil has climbed 9 percent this year, but in yuan terms oil is now nearly 14 percent more expensive. Argentina, Brazil, Turkey and South Africa have seen significant depreciations in their currencies this year.

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EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

million tons), Argentina (2 million tons) and China (1 million tons). The good news is, most analysts suggest it will never see the shortages, cartels or sales restrictions that oil does. Battery metals vs. oil as a source of tension and instability. Lithium is abundant on five continents. What about other battery components?

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EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

million tons), Argentina (2 million tons) and China (1 million tons). The good news is, most analysts suggest it will never see the shortages, cartels or sales restrictions that oil does. Battery metals vs. oil as a source of tension and instability. Lithium is abundant on five continents. What about other battery components?