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Opinion: Global Oil Supply More Fragile Than You Think

Green Car Congress

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.

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Electric Vehicle Charging Principle

Setec Powerr

With soaring oil prices and global policy support, electric vehicles will become increasingly popular. It needs AC-DC conversion, and the converted DC can charge the battery. Slowly electric vehicles will become the mainstream of the market. The post Electric Vehicle Charging Principle appeared first on SETEC POWER.

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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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Oil Industry Faces Huge Worker Shortage

Green Car Congress

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. A tighter supply of services will drive up rates. Nick Cunningham is a Washington DC-based writer on energy and environmental issues.

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Opinion: Are US Drillers Actually Making A Comeback?

Green Car Congress

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. Moreover, even if US producers do come swarming back to the oil fields and manage to boost output from the current 9.3 Is US shale about to make a comeback?

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