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Large differences among the recent increases in the cost of powering gasoline, diesel, and electric vehicles

Green Car Congress

This post examines the recent changes in the costs of powering gasoline, diesel, and electric vehicles. The expectation was that the cost of electricity had recently increased much less than the costs of gasoline and diesel. The reason is that, in the United States, oil is used to generate less than 1% of electricity.

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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). million barrels of sweet and 200,000 barrels of sour crude oil.

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Argonne study finds BEVs can have lowest scheduled maintenance costs, but highest cost of driving

Green Car Congress

Researchers at Argonne National Laboratory, with colleagues from Lawrence Berkeley, Oak Ridge, and National Renewable Energy labs, and the University of Tennessee, have published a comprehensive analysis of the total cost of ownership (TCO) for 12 sizes of vehicles ranging from compact sedans up to Class 8 tractors with sleeper cabs.

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The annual US health cost of oil and gas production is $77B – here’s how we fix that

Electrek

The US oil and gas sector was responsible for $77 billion in total health impacts in 2016, according to a newly released study. more… The post The annual US health cost of oil and gas production is $77B – here’s how we fix that appeared first on Electrek.

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Researchers develop large-scale, economical method to extract hydrogen from oil sands and oil fields

Green Car Congress

Canadian researchers have developed a large-scale economical method to extract hydrogen from oil sands (natural bitumen) and oil fields. The process can extract hydrogen from existing oil sands reservoirs, with huge existing supplies found in Canada and Venezuela. Proton Technologies is commercializing the process.

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Imperial Oil ups costs of Kearl oil sands initial development 18% to $12.9B

Green Car Congress

Imperial Oil has raised the expected final cost for the Kearl oil sands initial development to $12.9 Kearl, jointly owned between Imperial Oil (operator) and ExxonMobil Canada, will be one of Canada’s largest open-pit mining operations with regulatory approval for up to 345,000 barrels a day of production. per barrel.

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DOE awards $165M GEODE grant to consortium to accelerate development of geothermal by leveraging oil and gas industry

Green Car Congress

The grant will provide $10 million in the first year, which will fund the consortium members, in collaboration with more than 100 partner entities, to develop a roadmap to accelerate the growth and development of geothermal, leveraging expertise, technologies, and methods from the oil and gas industry. —John Boden of SPE

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