Green Car Congress
MAY 22, 2020
Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 The oil market fear that characterized March and the extreme price pressure that producers felt in April have galvanized producers across North America into unprecedented action. However, nearly 1.4
Green Car Congress
MARCH 11, 2019
New research released by NTEA – The Association for the Work Truck Industry confirms that fleets across the country are increasingly relying on biodiesel for their existing and new diesel vehicles. It is highly likely that clean energy solutions will remain relevant due to oil price instability.
Green Car Congress
FEBRUARY 12, 2019
CAR said that a number of positive factors support a high level of US light vehicle sales, including: Projected moderate US economic output growth in 2019; Historically low US unemployment rates; Relatively low oil prices continue through 2020; Underlying nominal wage growth continues; High levels of consumer confidence were reached in Q4 2018; and.
Green Car Congress
NOVEMBER 9, 2019
The Government of Alberta, Canada, is now allowing curtailed operators to drill new conventional oil wells without being restricted by production limits. Non-conventional (or oil sands) production, which constituted 83.8% of all oil production in Alberta in September 2019, increased by 3.9% over the same time frame.
Green Car Congress
APRIL 15, 2017
This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street’s major investment banks. According to the IEA, supply could lag demand in a few years, which could lead to a surge in oil prices. “
Green Car Congress
JUNE 24, 2021
Even prior to the pandemic, IHS Markit expected the coming decade to be one of sustained-but-slower growth for the oil sands, with transportation constraints such as a lack of adequate pipeline capacity and the resulting sense of price insecurity in western Canada weighing on new large-scale incremental investments.
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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