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

Green Car Congress

The process can extract hydrogen from existing oil sands reservoirs, with huge existing supplies found in Canada and Venezuela. This means it potentially costs a fraction of gasoline for equivalent output. This compares with current H 2 production costs of around $2/kilo. Proton Technologies is commercializing the process.

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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. Venezuela is already on its knees.

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Twitter discouraged from building HQ in Florida by Governor DeSantis

Teslarati

He speculated that moving Twitter’s HQ to Florida would drive up the cost of living for the community. “Many in our state have experienced censorship and other tyrannical behavior firsthand in Cuba and Venezuela. ” The Florida Board of Administration supported Elon Musk’s Twitter takeover, too.

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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. the decision on Keystone XL may ultimately boil down to a determination of oil market share between Canada and Venezuela.

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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

Green Car Congress

For Chevron, this means (a) managing down the cost of steam generation for injection into the field and (b) using information technology to be able to “dial in” the steam at the optimum pressure and temperature to specific locations in the strata of the field—and then recovering that newly flowing oil.

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Mad Power thoughts

EV Info

The cost of grid management has soared to nearly £2billion a year in the last two decades. And in any case, an inflexible approach to regulation has caused the cost of new nuclear to balloon – despite it being perhaps the most obvious solution to our long-term energy needs.

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

Venezuela, an OPEC member, has even proposed an emergency summit meeting. On the other hand, depleting Saudi government reserves to finance the deficits will put the Saudi sovereign credit rating at risk, which would raise the cost of borrowing as well as pressure the Saudi currency (the consequences of which are discussed below).

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