article thumbnail

Is A Second OPEC Cut In The Cards?

Green Car Congress

OPEC’s coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above US$50 since the deal was announced at the end of November last year. Analysts and experts are now mostly predicting that oil prices will remain below US$60 this year.

article thumbnail

GM To Forge Ahead With Electric, Plug-In Hybrid, Other Electrified Vehicles

Green Car Reports

When oil prices drop, the knee-jerk response of many analysts is to forecast doom for sales of electric cars, plug-in hybrids, and other green cars. It plans to to forge ahead with an expansion of its electrified-vehicle range, regardless of how low oil prices get. DON''T MISS.

Plug-in 60
article thumbnail

Junkyard Find: 1987 Chevrolet Sprint ER

The Truth About Cars

Even though memories of the gas lines and fuel rationing of 1979 were still vivid by 1987, oil prices crashed hard during the middle 1980s, hitting bottom in 1986. It appears that this engine was not legal for sale in high-altitude areas. A five-speed manual was mandatory equipment on the 1987 Sprint ER.

Chevrolet 105
article thumbnail

SDTC awards Nsolv $13M to commercialize warm solvent technology for heavy oil extraction; 80% reduction in GHG emissions

Green Car Congress

Nsolv is in the process of finalizing a partnership with a major heavy oil producer to construct a commercial-scale facility. Nsolv technology performs well, even in today’s low oil price environment, as it is commercially viable at between 5,000 and 10,000 barrels per day. The oil is sent to refineries for further processing.

Oil 150
article thumbnail

Updated NETL study provides more detailed economic and environmental assessment of coal-to-liquids and CTL with modest biomass

Green Car Congress

Performance in the study is measured by such metrics as: (1) required selling price of the fuel; (2) crude oil price when the process will become economically viable; (3) the Well-to-Wheels (WTW) life cycle GHG emissions profile of the diesel fuel; and (4) the water usage associated with the facility. —White and Gray.

Coal 225
article thumbnail

Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Green Car Congress

The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil. by Brian J.

article thumbnail

Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

The Saudi decision to let the market set prices and to pursue market share, has led to steep declines in crude and petroleum product prices. The decision also has impacted natural gas export prices negatively, since, for Russia's long-term supply agreements, they wholly or partially are indexed to oil prices.

Russia 150