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Iran, Iraq, Syria sign $10B gas pipeline deal

Green Car Congress

Iran, Iraq, and Syria have signed a deal for the construction of the Middle East’s largest gas pipeline, which would carry gas from Iran’s South Pars gas field to Europe via Iraq, Syria, and Lebanon and beneath the Mediterranean Sea. Iraq has said that it needs 10 to 15 million cubic meters of Iranian gas per day.

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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
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Opinion: Who Will Be Left Standing At The End Of The Oil War?

Green Car Congress

Production in the UAE costs just over $12 per barrel, which is pretty much the same as in Iran, though Iranian officials say they will eventually be able to produce for as low as $1 per barrel from their central fields. But these are just the costs of lifting oil out of the ground. Right now, they can’t.

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An Inconvenient Truth About AI

Cars That Think

Regardless of what you might think about AI, the reality is that just about every successful deployment has either one of two expedients: It has a person somewhere in the loop, or the cost of failure, should the system blunder, is very low. Our worst failure scenarios had the Roomba missing a patch of floor and failing to pick up a dustball.

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US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

Green Car Congress

Additional oil could also be pumped north via the Iraq-Turkey pipeline to the port of Ceyhan on the Mediterranean Sea, but volumes have been limited by the closure of the Strategic pipeline linking north and south Iraq. Use of the alternate routes would increase the cost of transportation. million-bbl/d Tapline to Lebanon.

Oil 297
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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 cost of fossil-fuel subsidies has been driven up by higher oil prices; they remain most prevalent in the Middle East and North Africa, where momentum towards their reform appears to have been lost. Iraq accounts for 45% of the growth in global oil production to 2035 and becomes the second-largest global oil exporter, overtaking Russia.

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Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

Crane also mentioned that one-quarter to one-third of the cost of a battery system is the packaging, integration and electronics. The operations in Kuwait and Iraq use approximately 431 million gallons of fuel per year. Storage Temperature. Driving Temperature. State of Charge. The cells make up the remainder.

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