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Purdue analysis finds H2Bioil biofuel could be cost-competitive when crude is between $99–$116/barrel

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Three different carbon tax scenarios are analyzed: no carbon tax, $55/metric ton carbon tax and $110/metric ton carbon tax. This break-even crude oil price compares favorably with the literature estimated prices of fuels from alternate biochemical and thermochemical routes. —Singh et al.

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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,

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Soon an Electric Vehicle Will Cost Less Than An IC Engine Vehicle !!!

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One of the main reasons which limit the mass adaption of electric cars or EVs is its price difference in comparison with its IC engine counterpart. At present, an electric vehicle costs 30% more than an IC engine-powered vehicle with similar specifications. The Reduction in Battery cost. Government Regulations. Battery Swapping.

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Biosyncrude Gasification Process Could Produce Motor Fuel at Cost of Around $3/gallon

Green Car Congress

A crude oil price of US$100/bbl results in an approximate cost of €0.56/L gallon US) without tax for conventional motor fuel. The biosyncrude is well suited for energy-dense storage and transport, resulting in lower transportation costs and large biomass delivery areas. per liter (US$2.72-5.03/gallon

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Why Is The Shale Industry Still Not Profitable?

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Echoing the criticism of too much hype surrounding US shale from the Saudi oil minister last week, a new report finds that shale drilling is still largely not profitable. Not only that, but costs are on the rise and drillers are pursuing “irrational production.”. But, that advantage has vanished.

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Study Finds Government Mandates Superior to All Other Biofuels Policies, But Mixing With Subsidies Causes Adverse Effects; The Argument for a Direct CO2 Tax

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A new cost-benefit analysis of biofuels policies by economists Harry de Gorter and David Just at Cornell University has concluded that government mandates for biofuels “ are clearly superior to all other policies, with few tradeoffs arising. Other findings from the study include: Ethanol policy can have a substantial impact on corn prices.

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VTT study concludes gasification-based pathways can deliver low-carbon fuels from biomass for about 1.90-2.65 US$/gallon

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Summary of levelized production cost estimates of fuel (LCOF) for the examined plant designs. The horizontal red lines show the comparable price of gasoline (before tax, refining margin 0.3 $/gal, exchange rate: 1 € = 1.326 $) with crude oil prices 100 $/bbl and 150 $/bbl. Source: VTT. 0.7 €/liter (app.

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