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Europe Expands Virtual Borders To Thwart Migrants

Cars That Think

It was after midnight in the Maltese search-and-rescue zone of the Mediterranean when a rubber boat originating from Libya carrying dozens of migrants encountered a hulking cargo ship from Madeira and a European military aircraft. The ship’s captain stopped the engines, and the aircraft flashed its lights at the rubber boat.

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Platts Survey: OPEC pumps 31.28M barrels of crude per day in June; highest since Aug 2012

Green Car Congress

As well as Basrah Light, Iraq is now exporting the newly-introduced Basrah Heavy crude oil. In Libya, output slipped by 20,000 b/d to 410,000 b/d as it continued to struggle to raise production due to ongoing security issues and technical limitations.

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Platts: June OPEC output of 32.73M barrels of crude per day, highest since Aug. 2008

Green Car Congress

million b/d, as production in Nigeria and Libya tentatively recovered along with steady increases for Saudi Arabia and Iran, according to an S&P Global Platts survey of OPEC and oil industry officials. An internal state-owned PDVSA report seen by S&P Global Platts also showed a steep fall in oil output.

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US DOE, IEA member countries releasing a total of 60 million barrels of oil from reserves

Green Car Congress

US Energy Secretary Steven Chu announced today that the US and its partners in the International Energy Agency will release a total of 60 million barrels of oil onto the world market over the next 30 days to offset the disruption in the oil supply caused by unrest in the Middle East.

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Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

OPEC (Organization of the Petroleum Exporting Countries) has been the most talked about international organization among investors, analysts and international political lobbies in the last few months. As per its state run oil company PDVSA, the country loses about $700 million a year with every $1 drop in the international oil price.

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Increase in US rig count will not cap oil prices

Green Car Congress

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. The latest bearish outlook from Goldman is remarkable considering the June 13 monthly world crude oil markets report from the International Energy Agency (IEA).

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EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

To answer these questions, we collaborated with Envirostrat to investigate some of the most common questions and concerns about the environmental impact that increased EV uptake will have on NZ, and in particular, how they really compare to ICEVs (internal combustion engine vehicles). Here’s what we discovered. WHAT EV MYTHS HAVE WE COVERED?