article thumbnail

Oil Well Strippers Suffering From Low Oil Prices

Green Car Congress

With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now appears that oil prices could remain below $50 a barrel for a year or more. A stripper is a small operator of very old oil wells that frequently produce less than five barrels per day of oil.

article thumbnail

Aventine installs $2.4M corn-oil separation system at ethanol plant

Green Car Congress

million Valicor corn-oil separation system (COSS) at its Nebraska Energy LLC plant in Aurora, Nebraska. Since corn oil has a higher market value, removing the oil improves dried distillers grain processing properties. No change is in effect at Aventine’s two ethanol plants in Pekin, Illinois. has installed a $2.4-million

Oil 150
article thumbnail

2020 Thanksgiving week gasoline consumption in US lowest since 1997

Green Car Congress

versus last year, led by Illinois which saw a year-on-year deficit of 26%.>. The data speaks to a major problem for the petroleum industry and oil prices as it recovers from unprecedented demand declines for most of 2020. A persistent rebound in global oil markets requires profitability in transportation products.

Gasoline 321
article thumbnail

National Low Carbon Fuel Standard study releases major Technical Analysis and Policy Design reports; providing a scientific basis for policy decisions

Green Car Congress

Very broadly, they found that an LCFS would buffer the economy against global oil price spikes, trim demand for petroleum, and lessen upward pressure on gas prices. Treat all crude oils as part of the overall pool of transportation fuels. We did not shy away from controversy. We are not advocates.

Carbon 247