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

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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). Biden said that his administration would restock the reserve when prices are lower.

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

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Production cost and breakeven figures that analysts enjoy bandying can trap you in bubble of black-and-white mathematics that is a few brush-strokes shy of a full picture. Breakeven prices are hard to pin down, and harder yet because they fluctuate. But these are just the costs of lifting oil out of the ground.

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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. The limited AI wasn't a problem, though.

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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

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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. Despite the growth in low-carbon sources of energy, fossil fuels remain dominant in the global energy mix, supported. — WEO-2012.

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Heard At The Show: Snippets from SAE 2009 World Congress

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Crane also mentioned that one-quarter to one-third of the cost of a battery system is the packaging, integration and electronics. How did the high fuel prices impact customer behavior in 2008? A $1 change in gas prices can lead to a 4-6% shift in take rates (i.e. Driving Temperature. State of Charge.

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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 obviously miscalculated the degree to which their shift would negatively impact oil prices.

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The Bionic-Hand Arms Race

Cars That Think

soldiers and 300 British soldiers lost limbs in Iraq and Afghanistan. Since then, I have donned a variety of prosthetic hands, each of them striving toward perfect fidelity of the human hand—sometimes at a cost of aesthetics, sometimes a cost of functionality, but always designed to mimic and replace what was missing.