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Electric Vehicle Charging Principle

Setec Powerr

With soaring oil prices and global policy support, electric vehicles will become increasingly popular. In short, lithium-ion batteries store and release energy through chemical reactions. It needs AC-DC conversion, and the converted DC can charge the battery. How does a lithium-ion battery work?

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Opinion: Could WTI Trade At A Premium To Brent By Next Year?

Green Car Congress

A flood of bearish news has pushed down oil prices to their lowest levels in months, with WTI nearing $45 per barrel and Brent flirting with sub-$50 territory. With a bear market back, there is pessimism throughout the oil markets. However, the WTI/Brent spread has shrunk more dramatically since the collapse in oil prices.

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Opinion: Global Oil Supply More Fragile Than You Think

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Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. But the collapse of prices in July—owing to the Iran nuclear deal, an ongoing production surplus, and economic and financial concerns in Greece and China—have darkened the mood. by Nick Cunningham of Oilprice.com.

Oil 150
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Oil Industry Faces Huge Worker Shortage

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Because of this, the collective US shale industry has been likened to the new “swing producer”: low oil prices force quick cutbacks but higher prices trigger new supplies. And because there were few job openings, very few young people between the mid-1980s and 2000 went into oil and gas.

Oil 150
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Opinion: Are US Drillers Actually Making A Comeback?

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Oil prices have rebounded strongly since March. The benchmark WTI prices soared by more than 36 percent in two months, and Brent has jumped by more than 25 percent. Diamondback Energy, another Permian operator, may add two rigs this year. Lower prices would then force further cut backs in rigs and spending.

Oil 150
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DNV GL paper suggests near-term success for LNG in shipping; alternative fuel mix to diversify over time

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While LNG is expected to be an early success, the picture becomes more diversified over time, as more than 20% of shipping could adopt hybrid propulsion solutions featuring batteries or other energy storage technologies, according to the paper. —“Alternative Fuels for Shipping”.

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EPA announces 2011 Presidential Green Chemistry Challenge Awards; green chemistry market opportunity projected to be $98.5B by 2020, about 2% of total market

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The US Environmental Protection Agency (EPA) is hosting its 16 th annual Presidential Green Chemistry Challenge Award ceremony tonight in Washington, DC. Initial lifecycle analyses show that Genomatica’s Bio-BDO will require about 60% less energy than acetylene-based BDO. per million Btu.

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