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Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

OPEC (Organization of the Petroleum Exporting Countries) has been the most talked about international organization among investors, analysts and international political lobbies in the last few months. As per its state run oil company PDVSA, the country loses about $700 million a year with every $1 drop in the international oil price.

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The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

Green Car Congress

The latter’s national oil company, Qatar Petroleum, has only been able to maintain crude oil production on its main offshore oilfield Al Shaheen through heavy investments from its former joint-venture partner Maersk Oil. But the current production increases in Nigeria, Iraq and Libya, will most probably be temporary.

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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

The International Energy Agency (IEA) last week launched the 2011 edition of the World Energy Outlook (WEO), the current edition of its annual flagship publication assessing the threats and opportunities facing the global energy system out to 2035. Oil and the Transport Sector: Reconfirming the End of Cheap Oil. Click to enlarge.

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Electric Cars and a Smarter Grid - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

“If any energy company ignores the long-term impact on future fossil-fuel-backed energy sales, they will be in for a shock.&# So how do energy companies cope with such upheaval? “It took a company from a completely different sector to step in and take control of things ? . but not all of it.

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Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

Millions will plug-in their electric vehicles (EV), plug-in hybrids (PHEV) and fuel cell vehicles (FCV) at night when electricity is cheap, then plug-in during the day when energy is expensive and sell those extra electrons at a profit. Why not ake it all the way and spend 1 year of Iraq on retrofitting every home in America with nano solar.

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