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New Review Concludes Very Low EROI of Oil Shale Combined with High Carbon Intensity Likely Makes it an Unsuitable Alternative to Conventional Crude Oil

Green Car Congress

A comparison of estimates of the energy return on investment (EROI) at the wellhead for conventional crude oil, or for crude product prior to refining for oil shale. Source: Cleveland and O’Connor. An EROI of 1:1 means there is no energy “profit” from the investment of energy. Click to enlarge.

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ExxonMobil discovers oil and gas in Argentina shale well; expands presence in Permian shale in US

Green Car Congress

ExxonMobil Exploration Argentina, jointly with Gas y Petróleo del Neuquén, has discovered oil and gas in an unconventional shale well in Neuquén Province of Argentina. The well was completed in the Vaca Muerta formation and flowed at an average rate of 770 barrels of oil a day on a 12/64 inch choke in its first flow test.

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US average retail gasoline prices ended 2017 lower than they started

Green Car Congress

However, a rapid price decline beginning in October led to US average regular gasoline prices ending the year lower than they began for the first time since 2015, according to the US Energy Information Administration (EIA). Midwest (Chicago and Cleveland). gal at least once in 2018. per gallon between October and December.

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ExxonMobil expanding position in Permian Basin

Green Car Congress

The acreage will be operated by ExxonMobil’s subsidiary XTO Energy Inc. —Randy Cleveland, president, XTO Energy. million net acres, with net oil-equivalent production exceeding 115,000 barrels per day. We are continuing to grow our position in a prolific area of the Permian Basin.

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Chesapeake selling Permian and midstream assets for $6.9B; Chevron, Shell and EnerVest acquiring Permian assets for combined $3.3B

Green Car Congress

Chesapeake Energy Corporation entered into multiple agreements to sell the vast majority of its Permian properties, substantially all of its midstream assets and certain noncore leasehold for total net cash proceeds of approximately $6.9 The company will use a portion of the proceeds from these asset sales to fully repay its $4.0

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US DOT Awards $100M in Recovery Act Funds to 43 Transit Projects to Reduce Energy Consumption and Greenhouse Gas Emissions

Green Car Congress

The US Department of Transportation (DOT) is awarding $100 million in Economic Recovery Act funding to 43 transit agencies for projects to reduce energy consumption and greenhouse gas emissions from both vehicles and facilities. The Federal Transit Administration reviewed more than $2 billion in applications for these funds.

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Paying Tribute to 1997 IEEE President Charles K. Alexander

Cars That Think

At the time of his death, he was a professor of electrical and computer engineering at Cleveland State University and served as dean of its engineering school. He also was a consultant to companies and government agencies, and he was involved in research and development projects in solar energy and software engineering.

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