Green Car Congress

JANUARY 7, 2015

Responding to press articles saying that the collapse of the global oil price is threatening oil and gas production in the off-shore Brazil pre-salt layer, Petrobras countered that it is expanding its production capacity “in an economically viable manner.”

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Green Car Congress

DECEMBER 23, 2016

Oil prices are probably already high enough to spark a rebound in shale production. Even when US oil production hit a peak at 9.7 By the third quarter, oil prices had climbed back to above $40 and traded at around $50 per barrel for some time, replenishing some lost revenue. by Nick Cunningham of Oilprice.com.

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Oil Prices Libya Oil Nigeria 150

Green Car Congress

JULY 6, 2018

What’s more, they might not be alone in this attempt to curb OPEC’s clout on the global oil market. According to Bloomberg’s Carl Pope , Europe and Japan, previously reluctant to take part in any anti-OPEC projects, may now join in. Electrification is where OPEC may have to face off with a future oil buyers’ cartel.

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Oil India Oil Prices Japan 150

Green Car Congress

JUNE 1, 2016

Oil companies are making painful cuts to spending, which will translate into much lower production than expected in the years ahead. A sharp rise in oil prices would spur new investment and new drilling. The price acts as a self-correcting mechanism. When oil prices go up, people buy fuel efficient cars.

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Oil Supplies Market Oil Prices 150

Green Car Congress

MARCH 3, 2017

The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. The collapse of oil prices forced the majors to slash spending on exploration, cut employees, defer projects, and look for efficiencies. Link to original article: [link].

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Green Car Congress

FEBRUARY 9, 2018

Oil prices fell back suddenly over the last few trading sessions, dragged down by some forces beyond the oil market. dollar has helped drive up crude prices for weeks , but that came to an abrupt halt last week. A rebound for the greenback led to a steep decline in oil prices on Friday.

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Oil Prices Oil Price Market 199

Green Car Congress

OCTOBER 5, 2017

No wonder, then, that as many as 30 companies took part in the bidding round—the first of a total nine rounds, to take place between now and 2019. The auction was closely watched as a gauge of sentiment towards Brazilian oil exploration projects after a decade of Petrobras’ reign in the country’s continental shelf.

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Brazil Oil Argentina Oil Prices 150

Green Car Congress

MARCH 23, 2017

It’s been six months now that oil prices have been reacting to OPEC, first to the possibility of an agreement, and then to the production cut deal itself, forged by OPEC to rebalance the market. The market bought the “balance” message, and oil prices steadied at above $50 for three months.

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Iraq Saudi Arabia Oil Oil Prices 150

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.

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Oil Oil-Sands Saudi Arabia Oil Prices 150

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.

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USA Oil Prices Oil 2001 180

Green Car Congress

FEBRUARY 28, 2019

That this picture is not a future nightmare scenario but is already the reality, is shown by the fact that a growing amount of smaller oil and gas companies have become insolvent. The latter is partly caused by “global warming constraints” and lower oil prices in general. Link to article: [link].

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Oil Industrial Industry Financing 231

Green Car Congress

JANUARY 13, 2017

Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in US shale production. Aside from a single week in October, the US oil industry has deployed more rigs in every week dating back to June, a remarkable run that has resulted in more than 200 fresh rigs drilling for oil.

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Oil Prices Oil Price Saudi Arabia 150

Green Car Congress

JANUARY 31, 2018

In FY15 and FY16, the companies surveyed realized revenue gains on the order of $15 and $9 per barrel, respectively, by locking in future production at higher prices than what ended up prevailing in the market. Part of the reason for that is rising oil prices, as well as a flattening of the futures curve.

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Industrial Industry Oil Price 207

Green Car Congress

AUGUST 31, 2011

High oil prices, a global economic rebound, and new laws and mandates in Argentina, Brazil, Canada, China, and the United States, among other countries, are all factors behind the surge in production, according to research conducted by the Worldwatch Institute’s Climate and Energy Program for the website Vital Signs Online.

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2010 Brazil Global Argentina 256

Green Car Congress

OCTOBER 6, 2015

Even a casual glance at the IMF’s World Economic Outlook statistics for Russia shows the tight correlation since 1992 between GDP growth on the one hand and oil and gas output, exports, and prices on the other (economic series available here ). percent of GDP in 2014. Natural gas data from Gazprom). billion respectively).

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Russia Saudi Arabia Iran Iraq 150

Green Car Congress

APRIL 6, 2017

billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 Russia’s exploration activities, which were hit not only by plummeting oil prices but also by a targeted sanctions regime, suffered a double blow during this period. Link to original article: [link]. In 2016, only 3.7

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Russia Oil 2016 Oil Prices 150

Green Car Congress

SEPTEMBER 21, 2015

But, for the most part, very few operators are going to run headlong into a drilling program on a modest recovery. There are the private equity folks and other bottom feeders that are finding their way into the market but for the most part they are spending money on distressed assets, not new oil and gas wells.

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Oil Prices Oil Price Oil-Sands 150

Green Car Congress

SEPTEMBER 18, 2015

The party is over for tight oil. Despite brash statements by US producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies. Reports this week from IEA and EIA paint a bleak picture for oil prices as the world production surplus continues. percent in August 2015.

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Oil Oil-Sands Oil Prices 2015 150

Green Car Congress

NOVEMBER 20, 2016

That is because of two reasons—the size of its reserves, and the ability to use latent spare capacity to quickly adjust supply, affording it an outsized influence on crude oil prices. However, the collapse of oil prices since 2014 has pushed the Saudi budget deep into the red. Link to original article: [link].

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Saudi Arabia Oil Oil Prices Russia 150

Green Cars News

OCTOBER 13, 2009

Global use of biofuels will more than double between 2009 and 2015 – that is the verdict of Hart Energy Publishing’s Global Biofuels Centre (see article ). Increased use of biofuels would require water irrigation in many parts of the world; while water is also needed for boiling and cooling in refineries.

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Green Cars Green CO2 Cars 43

Green Car Congress

FEBRUARY 7, 2019

Any major disruption to cobalt today would likely curb EV proliferation in the early 2020s, in turn supporting long dated crude oil prices,” Bank of America Merrill Lynch warned. That would alter oil demand forecasts, but in complicated ways. All of that implies a peak in oil demand by 2030, a little over a decade from now.

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Revenge of the Electric Car

DECEMBER 3, 2008

And as a timely follow up to my story above, read yesterday’s NY Times article on Hawaii’s plan for Electric Cars after the jump. Here is the full text of the NY Times article (in case the link goes bad). The whole facility employs 18 people and is very efficient all the way around. URL: [link]. The state has about 1.2

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Hawaii Renewable Energy San Francisco 100

Tony Karrer Delicious EVdriven

APRIL 16, 2009

As part of the solution framework, the Israeli government will provide tax incentives to customers, Renault will supply the electric vehicles, and Project Better Place will construct and operate an Electric Recharge Grid across the entire country. Clean Fleet Article It would be a financial win-win for all. SZ (1) 6753.T

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Grid Electric Vehicles Vehicles Oil-Sands 28

The Truth About Cars

AUGUST 8, 2023

With average fuel prices creeping back up, you’ve undoubtedly seen a slew of articles trying to explain why. & Over the past week, countless media outlets published stories about how oil refineries have had to scale back production targets to contend with exceedingly high temperatures. per gallon.

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