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IHS Markit research estimates 60B to 70B barrels remain in Permian basin; headed for a second peak

Green Car Congress

The Permian Basin—a mature hydrocarbon basin located primarily in west Texas and extending into southeastern New Mexico—has produced more than 39 billion barrels (cumulative) of oil since it first began production in the 1920s, reaching a previous production peak in 1973. —John Roberts.

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

Green Car Congress

Reducing steam generation requirements and optimizing the generation process reduces the GHG overhead associated with the production of heavier oil. Using thermal recovery processes in heavy oil reservoirs depends largely on. incremental oil recovered; heavy oil carries a lower market price than lighter oils.

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Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

Vehicle to Grid (V2G) technology is a bi-directional electric grid interface that allows a plug-in to take energy from the grid or put it back on the grid. Smart Grid City will use a realtime high-speed two-way communication throughout the distribution grid. Smart meters and substations will be integral.

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