Remove Cost Of Remove Oil Prices Remove Parts Remove Tax
article thumbnail

Petrobras says it is expanding oil and gas production in the pre-salt in “economically viable” manner

Green Car Congress

Responding to press articles saying that the collapse of the global oil price is threatening oil and gas production in the off-shore Brazil pre-salt layer, Petrobras countered that it is expanding its production capacity “in an economically viable manner.” On Tuesday, 6 January, the price for WTI crude closed at $47.93/bbl,

Oil 150
article thumbnail

Why Is The Shale Industry Still Not Profitable?

Green Car Congress

The firm said that in the third quarter of 2017, the “average operating cost per barrel has broadly remained the same without any efficiency gains.” Not only that, but the cost of producing a barrel of oil, after factoring in the cost of spending and higher debt levels, has actually been rising quite a bit.

article thumbnail

The Next Big Offshore Boom Is About To Happen in Brazil

Green Car Congress

No wonder, then, that as many as 30 companies took part in the bidding round—the first of a total nine rounds, to take place between now and 2019. The auction was closely watched as a gauge of sentiment towards Brazilian oil exploration projects after a decade of Petrobras’ reign in the country’s continental shelf.

Brazil 150
article thumbnail

Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

Green Car Congress

High oil prices, a global economic rebound, and new laws and mandates in Argentina, Brazil, Canada, China, and the United States, among other countries, are all factors behind the surge in production, according to research conducted by the Worldwatch Institute’s Climate and Energy Program for the website Vital Signs Online.

2010 256
article thumbnail

US DOE progress report says 1M plug-ins by 2015 ambitious but achievable; not likely to be constrained by production capacity

Green Car Congress

However, additional policy steps are needed to further drive innovation, reduce costs, and spur consumer demand, the report says. The performance and cost effectiveness of the early EVs in the market will be a major but unknowable factor in how many EVs are on the road by 2015. Earlier post.). One Million Electric Vehicles by 2015.

2015 210
article thumbnail

National Research Council report finds it unlikely the US will meet cellulosic biofuel mandates absent major innovation or a change in policies

Green Car Congress

In 2005, Congress enacted the Renewable Fuel Standard as part of the Energy Policy Act (EPAct) and amended it in the 2007 Energy Independence and Security Act (EISA). As of 2010, biofuel production was contingent on subsidies, tax credits, the import tariff, loan guarantees, RFS2, and similar policies.

Renewable 252
article thumbnail

Sandia Labs/GM Biofuels Systems Study Concludes Large-Scale Production of Advanced Biofuels is Achievable and Sustainable

Green Car Congress

For each new plant constructed, the BDM selected a feedstock/conversion pair resulting in the lowest cost of ethanol. Sensitivity analyses were conducted to determine key parameters affecting production volumes, cost, and greenhouse gas savings. The study used state-level granularity in its assessments, rather than a national model.

GM 170