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Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

Green Car Congress

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. In a speech made at the Association of International Petroleum Negotiators’ 2017 International Petroleum Summit, Johnston laid out his concerns for the future of oil. oil may not be able to fill.

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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

Green Car Congress

Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Data: California DOGGR. Click to enlarge. Source: Chevron. Click to enlarge.

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Nikkei: popularity of fuel-efficient vehicles lowering demand for gasoline in Japan

Green Car Congress

The Nikkei reports that the nationwide average price in Japan for regular gasoline was ¥139.8 Prices at the pump are falling in Japan not only due to lower crude oil prices, but also because the widespread popularity of fuel-efficient vehicles has lowered demand for gasoline.A per liter ($6.65

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Perspective: Government Leadership Needed for Electric Vehicles to Succeed

Green Car Congress

The critical need for government leadership in the emergence of electric vehicles dominated a recent Green Fleet Management discussion in Toronto, hosted by Fleet Challenge Ontario. In energy, a momentary signal on the price of oil doesn’t necessarily create the genesis for a 40-year investment.

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Report: US likely to miss biofuel targets

Green Cars News

The report finds that only in an environment with technological breakthroughs, high oil prices and a high implicit or actual carbon price would biofuels be cost competitive with petrol [.].

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Annual increases in CO2 slows down

Green Cars News

With oil prices surging in the summer of 2008, the annual increase in global emissions of carbon dioxide (CO2) from oil, coal, gas and cement production appear to have halved according to preliminary estimates by the Netherlands Environmental Assessment Agency. Who said no good has come from the global financial crisis?

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Obama tightens US biofuel regulations

Green Cars News

“As we work towards energy independence, using more homegrown biofuels reduces our vulnerability to oil price spikes that everyone feels at the pump,” EPA Administrator Lisa P. Energy independence also puts billions of dollars back into our economy, creates green jobs, and protects the planet from climate change in the bargain.”.

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