Green Car Congress
JULY 12, 2021
Natural gas prices declined to multi-year lows; however, the share of gas in primary energy continued to rise, reaching a record high of 24.7%. Country wise, Russia (-1 million b/d), Libya (-920,000 b/d) and Saudi Arabia (-790,000 b/d). The oil price (Dated Brent) averaged $41.84/bbl million b/d) and non-OPEC (-2.3
Green Car Congress
APRIL 6, 2011
Map of 48 major shale gas basins in 32 countries. Initial assessments of 48 shale gas basins containing almost 70 shale gas formations in 32 countries suggest that shale gas resources, which have recently provided a major boost to US natural gas production, are also available in other world regions. Source: EIA.
Green Car Congress
JUNE 13, 2012
Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% Brent oil prices were on average 40% higher than 2010 and exceeded $100 a barrel for the first time ever; at $111.26/bbl, globally, and 8.4%
Green Car Congress
DECEMBER 23, 2016
Oil prices are probably already high enough to spark a rebound in shale production. By the third quarter, oil prices had climbed back to above $40 and traded at around $50 per barrel for some time, replenishing some lost revenue. He estimates that OPEC’s cuts could succeed in pushing oil prices sustainably up to $55 per barrel.
Green Car Reports
FEBRUARY 28, 2011
Turmoil in Libya is making global oil markets nervous. That means higher gasoline prices. So gas is over $3 a gallon, maybe even edging close to $4. Cue the creeping unease and outright fear that Our American Way Of Life May Be In Peril. Well, it's Monday morning, and we have a brisk message for our U.S.
Green Car Congress
JUNE 20, 2012
While DoD and the services will have access to the wholesale fuel supplies they require, the purchase price may be uncomfortably high. As fuel consumers, DoD and the services have only one effective option to deal with high petroleum prices: to reduce use of petroleum fuels overall. Could oil production peak before 2030?
Green Car Congress
FEBRUARY 25, 2016
Breakeven prices are hard to pin down, and harder yet because they fluctuate. OPEC governments downsize their budgets, cut social spending and put big projects on hold to lower the breakeven price. It’s probably more concerned about regaining the market share it lost under sanctions than it is about low prices.
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