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Baker Institute team says fossil fuel subsidies need global reform

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“There is evidence that fossil fuel subsidies are socially inequitable, that they encourage smuggling and waste, and distort economies in ways that undermine economic efficiency while harming the environment and the climate,” wrote Jim Krane, the Wallace S. Costs ranged from a low of 0.3% 5 consumer of oil,” Krane said.

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Researchers develop viable catalysts for reforming of heavy gas oil to hydrogen

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However, using more refined low-sulfur hydrocarbon fuels can add to the overall cost of the system. Less refined fuels—such as heavy gas oil—would be less expensive; however, the higher levels of sulfur in the fuels could prove problematic for catalysts. Now, researchers in S. —Jeon et al.

Oil 218
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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

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Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Data: California DOGGR. Click to enlarge. Source: Chevron. Click to enlarge.

Chevron 244
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Smith School lifecycle study highlights importance for algae-derived biodiesel of co-product utilization and optimizing and decarbonizing every step of the supply chain

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times as energy intensive to produce as conventional diesel, which restricts the current financial and environmental feasibility of algae production, according to a new life cycle analysis by a team from the Smith School of Enterprise and the Environment, University of Oxford. Currently, algae-derived-biodiesel is up to 2.5 tons/ha/year).

Oil-Sands 236
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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

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In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. The Saudis Expected a Hole, Not a Bottomless Pit. Racing to Barrel Oil.

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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

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Nigeria or Algeria cannot do the same for their oil industry. Saudi Arabia and Kuwait might, and should be encouraged to do so. Petro-states are compensated to transition smoothly to a sustainable economy, avoiding a last-ditch attempt to flood the world with cheap oil and gas. —Goldthau et al.

Carbon 207