article thumbnail

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

Green Car Congress

OPEC’s 300,000-barrel-per-day output rise in June, boosted by fragile recoveries in Libya and Nigeria, and the unrelenting rise in Iran and the increase in Saudi Arabia, sends a strong message over its unwavering market share strategy. The sharp increase in OPEC’s June production affirms a continuation of its market share strategy.

article thumbnail

Debunking the "Electric Cars are evil due to Cobalt" argument!

Plug In India

According to Oil Change International (OCI), the two most widely known cases by the oil industry are when they committed genocide in the Niger Delta just to get the people off the land, so that they can extract the petroleum.

article thumbnail

The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

Green Car Congress

Amin Nasser’s aim is to go beyond global oil markets. These technical challenges will need an increased amount of investments, which will be hard to come by in today’s market. With increased demand for crude oil and petroleum products still shown in all international assessments, the market will need to react.

Oil 186
article thumbnail

Comparative genomics study of industrial fungus seeks to better harness potential for biofuels applications

Green Car Congress

Aspergillus niger, shown here with its DNA lit up in green, is a fungus that can be used on an industrial scale to produce enzymes or chemicals such as citric acid. As of 2007, the global market for citric acid was estimated to be approximately $1.2 niger is thus a well understood fungal fermentation process. Source: PNNL.

Niger 218