article thumbnail

Biden authorizes release of more than 180M barrels of oil from Strategic Petroleum Reserve; 1M bpd for 6 months

Green Car Congress

In an effort to address the rapidly increasing cost of gasoline, President Biden authorized the release of 1 million barrels of oil per day for the next six months—more than 180 million barrels—from the Strategic Petroleum Reserve (SPR). President George H. Bush authorized a drawdown of 33.75 2005 Hurricane Katrina Sale.

Oil 418
article thumbnail

IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

Green Car Congress

The global energy map is changing significantly, according to the 2012 edition of the Internal Energy Agency’s (IEA) World Energy Outlook ( WEO-2012 ). North America emerges as a net oil exporter, accelerating the switch in direction of international oil trade, with almost 90% of Middle Eastern oil exports being drawn to Asia by 2035.

Global 225
article thumbnail

Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

For every kJ of chemical energy in the fuel for a spark ignition internal combustion engine, 73 % is sacrificed to chemical and thermal losses. Crane also mentioned that one-quarter to one-third of the cost of a battery system is the packaging, integration and electronics. Braking losses add another 6%. Storage Temperature.

Congress 150
article thumbnail

Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

Green Car Congress

Each producer, therefore, is incentivized to undercut other producers directly (price per barrel) or indirectly (absorbing shipping cost or delivery risk) to win sales in Asia (or displace incumbent suppliers in other major markets). National oil producers can and are shifting the cost of the lowered prices to other sectors of the economy.

article thumbnail

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. Click to enlarge. Biofuels make the biggest such contribution, as use grows from 1.3

Oil 247
article thumbnail

Will Human Soldiers Ever Trust Their Robot Comrades?

Cars That Think

Take, for example, this case described by a Marine who served in Iraq: My team once had a robot that was obnoxious. As a result, warfighter demands become exceedingly complex, especially since the potential costs of failure are unacceptable. It would frequently accelerate for no reason, steer whichever way it wanted, stop, etc.

Mariner 139
article thumbnail

Budget Drones in Ukraine Are Redefining Warfare

Cars That Think

This war is a war of drones, they are the super weapon here,” Anton Gerashchenko, an adviser to Ukraine’s minister of internal affairs, told Newsweek earlier this year. But a technologically powerful country needn’t count the cost; the United States certainly didn’t. “The In every arms race there is always another step to take.

Ukraine 101