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IHS-CERA concludes “no material impact” on US GHG from Keystone XL; heavy crude from Venezuela most likely replacement

Green Car Congress

The study also found that any absence of oil sands on the US Gulf Coast would most likely be replaced by imports of heavy crude oil from Venezuela, which has the same carbon footprint as oilsands crude. Future price volatility is to be expected. Earlier post.). —IHS CERA Insight. —IHS CERA Insight.

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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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Per-well oil production at Kern River is low—the average is 8 barrels of oil per well per day—but there are more than 9,000 production wells in operation in the field. Chevron’s heavy oil interests also include the oil sands in Canada and in the deepwater Brazil.

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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

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Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. But the average oil price remains high, approaching $120/barrel (in year-2010 dollars) in 2035. Oil and the Transport Sector: Reconfirming the End of Cheap Oil. Click to enlarge. Electric vehicles.

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