article thumbnail

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. But, WoodMackenzie says, many of these still-to-be-launched projects are uneconomical at oil prices in the $50s per barrel, meaning that they should not be expected to get the all-clear anytime soon. Since (non-U.S.

article thumbnail

FCA, IVECO and Snam sign MoU for development of natural gas as an environmentally friendly vehicle fuel

Green Car Congress

Italy’s natural gas value chain in the transport sector is globally recognized for its technological and environmental excellence, and Italy is also able to leverage Europe’s largest, most accessible gas pipeline network, stretching over more than 32,000 km (20,000 miles).

Gas 199
article thumbnail

IHS Markit: 2020 low-sulfur requirements for marine bunker fuels causing scramble for refiners and shippers

Green Car Congress

The IMO fuel sulfur content regulation will have a significant global impact on both the refining and the shipping industries. Because of its high sulfur content, maritime shipping accounts for 8% of global emissions of sulfur dioxide (SO 2 ), making the industry an important source for acid rain as well as respiratory diseases.

Mariner 150
article thumbnail

AECOM study finds EV adoption in Victoria can offer significant economic benefits by late 2020s; PHEVs initially lead uptake

Green Car Congress

the potential implications of electric vehicles for electricity consumption, management of electricity demand, greenhouse gas emissions and air pollutant emissions. The analysis is based on central forecasts of oil price, electricity. However, as EV and PHEV prices gradually reach. This is primarily due to.

PHEV 210
article thumbnail

Norweign Drivers switch to Electric Cars

EV Report

Americans still love their air-polluting and smog-producing gas guzzlers. Most people do know and feel that if we drive electric cars we could reduce the consumption of oil and could reduce pollution. It is seen only one third is taking step to buy at any point of time. Some are still not yet sure to make a plunge in purchase.

article thumbnail

IHS Markit: shippers, refiners scrambling to respond to IMO signals on low-sulfur fuel enforcement

Green Car Congress

In 2016, the IMO confirmed that global refiners and shippers would have to comply with these new environmental regulations five years earlier than many anticipated, which sent tidal waves through two industries that typically take many years to adapt to such significant change.

Fuel 170
article thumbnail

Fossil Fuel Production Up in 2008 Despite Recession

Green Car Congress

World production of fossil fuels—oil, coal, and natural gas—increased 2.9% million tons of oil equivalent (Mtoe) per day, according to a Worldwatch Institute analysis. In the first half of the year, producers strained to meet global demand, but when the recession took hold later in the year the market was swamped by excess supply.

2008 150