article thumbnail

With oil prices low, early signs of a pullback in drilling activity

Green Car Congress

With oil prices low and showing no sign of an immediate rebound, the industry is beginning to pull back on spending. Oil prices have dropped around 30 percent since summer highs, raising fears among producers across the globe. Yet, many oil majors are relatively diversified, with large holdings downstream.

article thumbnail

Opinion: Why oil prices must go up

Green Car Congress

It may be difficult to look beyond the current pricing environment for oil, but the depletion of low-cost reserves and the increasing inability to find major new discoveries ensures a future of expensive oil. However, now that oil prices are so low, oil companies have no room to boost spending.

article thumbnail

GSI/UNEP conference report finds fossil-fuel subsidy reform complex and challenges sobering; ~1% of global GDP spent on fossil-fuel subsidies

Green Car Congress

Following that announcement, G-20 Leaders agreed to national plans to implement subsidy reform (June 2010) and have asked international organizations to review and assess members’ progress against their commitments (November 2010), according to the conference report. Earlier post.) Opportunities for international collaboration.

Fuel 240
article thumbnail

Toyota Plug In

Plug In Partners

more ) M eanwhile, in the United States, the political environment to support plug ins continues to grow. "On On June 11 and 12, the Brookings Institution and Google.org will host a conference entitled “ Plug-In Electric Vehicles 2008: What Role for Washington ?” Event Summary Oil prices are at record highs.

Plug-in 100
article thumbnail

Opinion: The Shale Delusion: Why The Party’s Over For US Tight Oil

Green Car Congress

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. Party On, Dude! Conclusions.

Oil 150
article thumbnail

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

Cleantech Blog Cleantechblog.com, the premier cleantech site for commentary on news and technology relating to clean tech, greentech, energy, climate change and carbon, and the environment. Ontological Shock An Open Letter to Fred Krupp Report from GridEcon Conference SGS Climate Change Head on the First Carbon Credit. SZ (1) 6753.T

Grid 28
article thumbnail

Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

Much as I admire the Obama administration’s energy and environment team, there’s no way that the U.S. Li Lu has agreed to come to FORTUNE’s Brainstorm Green conference next week to talk about BYD. On the downside, it’s hard to know whether BYD has a strong bench of managers behind Mr. Wang. China’s commitment to clean energy.

Chinese 28