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The Next Oil Price Spike May Cripple The Industry

Green Car Congress

Two diametrically opposed views dominate the current debate about where the oil price is heading. On the other hand, however, there is the view that the price of oil is set to explode, primarily due to underinvestment in the upkeep of brownfields , development of greenfields , and exploration for new resources.

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Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

Simply put, the world has too much oil at the moment which has resulted in the reduction of price levels from approximately $100 to $50 a barrel, and OPEC (as well as US shale producers) has a major role to play in this supply glut. It also has the fifth largest proven crude oil reserves in the world.

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Amyris renewable jet fuel receives regulatory approval in Brazil for blends up to 10%

Green Car Congress

The airline industry continues to experience strong growth and, while current low oil prices may provide a short-lived respite, the impact of carbon pollution is undeniable. We are pleased that leading airlines, such as Air France, Lufthansa and KLM are, or will soon be, flying with a blend of our renewable jet fuel.

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BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

Green Car Congress

The forecast, put together by the advanced transport team at BNEF, relies on likely future reductions in price for lithium-ion batteries and of prospects for the other cost components in EVs and internal combustion engine vehicles. Since 2010, lithium-ion battery prices have fallen 73% per kWh.

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Lux: Total is leading example of oil supermajor expanding into solar plus storage and distributed generation

Green Car Congress

France-based Total is the first oil supermajor aggressively to enter new areas of business including solar plus storage and distributed generation, notes Lux Research in a new report : “Superpower Darwinism: What Big Oil Can and Cannot Do About Total’s Billion-Dollar Battery Move.”.

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Roland Berger E-Mobility Index finds government subsidies for and projected sales of xEVs declining worldwide

Green Car Congress

The index compares the development of e-mobility in seven leading car-manufacturing nations (Germany, France, Italy, US, Japan, China and South Korea) on the basis of three parameters: technology, manufacturing, and market. Extracting oil by fracking could stabilize the oil price over the next few years.

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Are biofuels the answer for green cars? The Green Piece

Green Cars News

It predicts 35 per cent growth in the US; 30 per cent growth in Brazil; and substantial increases in areas including the Asia-Pacific region, France, Germany and Argentina. They offer the prospect of increased market competition and oil price moderation and can help reduce the dependency on fossil fuels.