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EIA forecasts crude oil prices will decline through 2023

Green Car Congress

Global oil consumption outpaced oil production for the six consecutive quarters ending with the fourth quarter of 2021 (4Q21), which has led to persistent withdrawals from global oil inventories and significant increases in crude oil prices.

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Navigant: almost 39,300 natural gas refueling stations worldwide by 2026

Green Car Congress

Since late 2014, the production of crude oil has outpaced demand, triggering a sustained collapse in world oil prices, which have remained mostly below $50 per barrel. As a result, these low prices have put pressure on the market for natural gas vehicles (NGVs) and the corresponding refueling infrastructure.

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Purdue analysis finds H2Bioil biofuel could be cost-competitive when crude is between $99–$116/barrel

Green Car Congress

Their analysis is published in the journal Biomass Conversion and Biorefinery. The break-even crude oil price for a delivered biomass cost of $94/metric ton when hydrogen is derived from coal, natural gas or nuclear energy ranges from $103 to $116/bbl for no carbon tax and even lower ($99–$111/bbl) for the carbon tax scenarios.

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American energy and American made

Electric Auto Association

The market pricing for vehicle fuels depends largely on global supply/demand and foreign crises with the net result of sometimes extreme price volatility. The global petroleum market is complex and there are certainly other impacts to consumer fuel pricing, but global oil prices are the largest component.

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IHS Markit: 2020 low-sulfur requirements for marine bunker fuels causing scramble for refiners and shippers

Green Car Congress

Refiners will experience significant price impacts as they shift production to deliver more lower-sulfur fuels to the market and, at the same time, find a market for the higher-sulfur fuels they produce. IHS Markit expects an unprecedented light-heavy price spread during 2020 to 2021.

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IHS Markit: shippers, refiners scrambling to respond to IMO signals on low-sulfur fuel enforcement

Green Car Congress

The level of compliance by shippers has been widely viewed as the one of the greatest uncertainties surrounding the implementation of the IMO’s new marine fuel regulations, and the compliance level has a significant weighting on projections for refined fuel prices, spreads and margins during the IMO 2020 disruption period,IHS Markit said.

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The Real Reason for USA based Economic Recessions.

DIY Electric Car

There have been 5 recession since then until now and I wanted to see if Oil had anything to do with them, because deep in my heart, I knew the most recent recession was directly caused by the oil price spikes that started in 2007 and peaked in 2008. For more information about the concept of Peak Oil please visit [link].

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