Green Car Congress

APRIL 10, 2015

With its headquarters in Vienna, Austria, one of the mandates of 12-member OPEC is to “ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.” Source: opec.org).

Saudi Arabia 150

Saudi Arabia Venezuela Iran Nigeria 150

Green Car Congress

MARCH 5, 2015

The question we should be asking ourselves is not if oil prices will recover, but when they will. From June of 2014 until now, the price of a barrel of West Texas Intermediate (WTI) crude oil has fallen approximately 57 percent. In other words, oil is a volatile market, but prices are in a long term upward trend.

Oil Prices 150

Oil Prices Oil Price Saudi Arabia 150

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% The report also highlighted supply disruptions as one of the major energy events of the year. globally, and 8.4% in the emerging economies.

Coal 261

Coal Oil Renewable Saudi Arabia 261

Green Car Congress

OCTOBER 20, 2015

November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. This decision set crude prices on a downward path. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices.

Russia 150

Russia Saudi Arabia Oil Market 150

Green Car Congress

MAY 13, 2021

Commenting on the news, Richard Thompson, Editorial Director at MEED, part of GlobalData, said: For nearly a century, the Gulf’s abundant supplies of accessible hydrocarbons has put it at the center of a gas-guzzling global economy. Until green hydrogen becomes price competitive, it cannot fulfil its promise.

Fusion 170

Fusion Green Hydrogen Oman 170

Green Car Congress

JUNE 27, 2012

Such an increase in capacity could prompt a plunge or even a collapse in oil prices, he suggests. mbpd of crude oil and natural gas liquids per year by 2020, making it the second largest oil producer in the world, after Saudi Arabia, according to Maugeri. million barrels per day and conceivably produce a total of 11.6

Oil 261

Oil Oil-Sands Price Production 261

Cars That Think

AUGUST 29, 2022

Russia ranks second in the extraction of both crude oil (behind the United States and ahead of Saudi Arabia) and natural gas (behind the United States and ahead of Iran), and it is the sixth-largest producer of coal (behind Australia and ahead of South Africa). share in 2020, by contrast, was about 9 percent.

Ukraine 77

Ukraine Russia Saudi Arabia Fuel 77

Green Car Congress

JULY 20, 2012

savings stimulated by high oil prices led to a decrease of 3% in CO 2 emissions in the European Union and of 2% in both the United States and Japan. tonnes per capita, despite a decline due to the recession in 2008-2009, high oil prices and an increased share of natural gas. Natural gas consumption increased globally by 2.2%

2011 236

2011 Emissions CO2 Global 236

Green Car Congress

NOVEMBER 12, 2012

The WEO finds that the extraordinary growth in oil and natural gas output in the United States will mean a sea-change in global energy flows. In the New Policies Scenario, the WEO ’s central scenario, the United States becomes a net exporter of natural gas by 2020 and is almost self-sufficient in energy, in net terms, by 2035.

Global 225

Global 2012 Energy Oil 225

Green Car Congress

OCTOBER 31, 2014

Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East. The company was also seeking financing for a gas project in Russia despite Western sanctions. “It

Russia 225

Russia Oil Saudi Arabia China 225

Green Car Congress

JANUARY 19, 2011

However, both cases result in global CO 2 emissions well above the IEA 450 scenario—a back-cast which illustrates what is required to stabilize greenhouse gas concentrations at 450 ppm. Global consumption growth is also impacted by higher oil prices in recent years and a gradual reduction of subsidies in oil-importing countries.

Energy 210

Energy Economy Global Oil-Sands 210

Green Car Congress

SEPTEMBER 28, 2015

With proximity to owned refinery operations, its mining reserves will provide a consistent supply of low-cost bauxite. Alcoa has also invested in what it says is the most advanced, low-cost integrated aluminum complex in the world in Saudi Arabia, with the refinery and smelter now fully operational.

2018 150

2018 Companies Saudi Arabia 2014 150

Green Car Congress

JUNE 23, 2016

The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.

Oil Prices 150

Oil Prices Oil Price Oil-Sands 150

Cars That Think

FEBRUARY 28, 2022

This war will have many long-term consequences, but possibly none more important than its effects on the future of the European energy supply. Rapid severing of Europe’s Russian supplies would create an unprecedented economic and existential emergency on the continent. percent stake in the enormous Sakhalin-2 oil and gas development.

Ukraine 119

Ukraine Russia Fuel Saudi Arabia 119

Green Car Congress

JUNE 23, 2011

for the first quarter of 2011, according to data from the California Department of Oil, Gas & Geothermal Resources (DOGGR). Oil price volatility has in the past been a significant deterrent to heavy oil project investment by industry, particularly by smaller independent producers, the DOE notes. in 1988 to just above 2.3

Chevron 244

Chevron Oil Oil-Sands Production 244

Green Car Congress

FEBRUARY 4, 2010

It’s been said that the United States is the Saudi Arabia of coal—and that’s because, as I said, it’s one of our most abundant energy resources. The new approach requires strong management for results using a regional supply chain systems approach. per gallon. Percent reduction from 2005 baseline). Renewable fuel.

Obama 218

Obama Coal Clean Cleaning 218

The Truth About Cars

SEPTEMBER 19, 2023

Fuel prices have been climbing this year and continue to do so. What isn’t dropping is oil prices and that seems to be making all the difference. What isn’t dropping is oil prices and that seems to be making all the difference. But the usual decline in pump prices is being stymied for now by these high oil costs.”

Price 95

Price Saudi Arabia Fuel Oil 95

Green Car Congress

OCTOBER 28, 2009

The upgraded Frame 7A gas turbine. Using next generation gas turbine technology to increase output and efficiency, GE Energy introduced an upgraded Frame 7FA heavy-duty gas turbine for 60 Hz power plants. A single 7FA gas turbine has around 17x more cubic volume than a standard school bus. Click to enlarge.

Gas 236

Gas Power Powered Saudi Arabia 236

Green Car Congress

NOVEMBER 13, 2011

Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. But the average oil price remains high, approaching $120/barrel (in year-2010 dollars) in 2035. Natural gas also plays a growing role in the transport sector, its share rising from 3% to 4%. Click to enlarge.

Oil 247

Oil Transportation Cheap Fleet 247

The Truth About Cars

MAY 22, 2024

Gasoline will be moved around 100,000-barrel batches and has been “timed and structured to maximize its impact on gasoline prices, helping to lower prices at the pump as Americans hit the road this summer.” “The The oil and gas sector has enjoyed blockbuster profits in recent years. Secretary of Energy Jennifer M. Granholm. “By

Gasoline 96

Gasoline Gas Saudi Arabia Oil 96

The Truth About Cars

AUGUST 8, 2023

With average fuel prices creeping back up, you’ve undoubtedly seen a slew of articles trying to explain why. But is this really the keystone issue for why you’re once again contending with undesirable fuel prices? But is this really the keystone issue for why you’re once again contending with undesirable fuel prices?&

Price 77

Price Fuel Oil Climate Change 77