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3 Oil Majors That Bet Big On Renewables

Green Car Congress

Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com.

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The $32-Trillion Push To Disrupt The Entire Oil Industry

Green Car Congress

Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. by Cyril Widdershoven for Oilprice.com.

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Oil Industry To Crash & Burn By Early 2030s

CleanTechnica EVs

This article draws its main points from their recent report, “Russia’s war wakes sleeping renewables giants of post 2030 power,” with comments from me interspersed in between. Rethink Energy is known for its aggressive predictions of the decline of the oil […] That is the conclusion of the researchers at UK’s Rethink Energy.

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The Next Oil Price Spike May Cripple The Industry

Green Car Congress

Two diametrically opposed views dominate the current debate about where the oil price is heading. On the other hand, however, there is the view that the price of oil is set to explode, primarily due to underinvestment in the upkeep of brownfields , development of greenfields , and exploration for new resources. We will explain.

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Oil Industry Faces Huge Worker Shortage

Green Car Congress

The rig count has rebounded from the lows seen in late May, a small indication that oil companies in the US could begin drilling anew. Because of this, the collective US shale industry has been likened to the new “swing producer”: low oil prices force quick cutbacks but higher prices trigger new supplies.

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China's NEV industry currently immune to inflation, analysts say

CN EV Post

High oil prices are helping NEVs replace ICE vehicles, and the latter have more raw material costs including copper and aluminum. The post China's NEV industry currently immune to inflation, analysts say appeared first on CnEVPost. For more articles, please visit CnEVPost.

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“Dirty, Difficult, And Dangerous”: Why Millennials Won’t Work In Oil

Green Car Congress

Like many industries today, the oil industry is trying to sell its many job opportunities to the fastest growing portion of the global workforce: Millennials. But unlike any other industry, oil and gas is facing more challenges in persuading the environmentally-conscious Millennials that oil is “cool”.

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