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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

Green Car Congress

Preliminary data for May show total OECD stocks building by 6 mb. Despite economic headwinds, steady demand for light sweet crude in a tight physical market is boosting marker grade prices as they are in the same crude quality family. OECD industry stocks also rose, by 42.5 mb/d), helped by government stock releases of nearly 1 mb/d.

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Oil Prices Running Out Of Reasons To Rally

Green Car Congress

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. percent in intraday trading on Monday, after a report at the end of last week showed another solid build in the US rig count, the tenth consecutive week that the oil industry added rigs back into the field.

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Antelope Valley Transit orders up to 85 electric buses from BYD; first US all-electric public transit fleet

Green Car Congress

Under the order from AVTA, BYD Motors will build and deliver a variety of all-electric bus models including a 40-foot low floor transit bus, a 60-foot low floor articulated bus, and a 45-foot commuter coach. Safer Work Environment for Technicians: The electric batteries are safe, thermal runaway proof, non-toxic, and maintenance free.

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Researchers show mixotrophic fermentation process improves carbon conversion, boosting yields and reducing CO2

Green Car Congress

Consequently, first and second generation bioproduct manufacturing processes are economically challenged, particularly in light of recent low oil prices. According to WDL Chairman, Dr. Sass Somekh, falling oil prices forced the company back to the lab to invent a new technology that would be more resistant to low fossil fuel prices.

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State Department releases Keystone XL Final Supplemental Environmental Impact Statement

Green Car Congress

The analysis in the Final Supplemental EIS builds on the Draft Supplemental Environmental Impact Statement released on 1 March 2013 ( earlier post ) as well as the documents released in 2011 as part of the previous Keystone XL Pipeline application. During operations, approximately 1.44

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Hawaii opts for EVs and renewable energy

Revenge of the Electric Car

Once the capital costs of setting up the facility are recouped, about ten years in this case, all they have are maintenance and operational costs since the energy source is essentially free forever. It’s a little bit more complex than that, but not much. There is no pollution to speak of with these plants. By JOHN MARKOFF.

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