Green Car Congress

APRIL 1, 2022

Biden called the latest release a “wartime bridge” to increase oil supply until domestic production ramps up later this year. Biden said that his administration would restock the reserve when prices are lower. million barrels over a 45-day period to calm the global oil market in the immediate aftermath of the beginning of the Iraq war.

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Green Car Congress

JANUARY 13, 2017

Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in US shale production. The gains in the rig count come even as oil prices have held steady in the mid- to low-$50s per barrel. The pace and magnitude of each trend will ultimately drive oil prices one way or the other.

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Green Car Congress

JUNE 27, 2012

World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Source: Maugeri 2012. Click to enlarge.

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Oil Oil-Sands Price Production 261

Green Car Congress

JULY 28, 2015

Saudis have moved into the product business in a big way,” said Fereidun Fesharaki of FGE Energy. The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil. In case of Saudi Arabia, the price of crude oil would be extremely low. By offering almost 2.8

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Green Car Congress

MARCH 24, 2016

Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospect of new shale production caps any potential price increase. million barrels per day (mb/d) in April 2015.

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Green Car Congress

AUGUST 12, 2015

With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. The Saudis have kept their production levels high since last year in order to drive other players (especially US shale drillers) out of business.

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Oil Prices Saudi Arabia Oil Price 150

Green Car Congress

NOVEMBER 15, 2014

In its latest annual World Energy Outlook , the International Energy Agency (IEA) warned that the current period of oil abundance may be fleeting, and in fact, without heroic levels of production increases, oil markets will grow dangerously tight in the coming years. Instead, much of the world’s hopes are pinned disproportionately on Iraq.

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Green Car Congress

OCTOBER 6, 2015

Even a casual glance at the IMF’s World Economic Outlook statistics for Russia shows the tight correlation since 1992 between GDP growth on the one hand and oil and gas output, exports, and prices on the other (economic series available here ). Live by Energy…. percent of GDP in 2014. Natural gas data from Gazprom). billion respectively).

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Green Car Congress

FEBRUARY 25, 2016

Production cost and breakeven figures that analysts enjoy bandying can trap you in bubble of black-and-white mathematics that is a few brush-strokes shy of a full picture. Breakeven prices are hard to pin down, and harder yet because they fluctuate. So the breakeven is elusive. Breaking the back of US shale?

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Green Car Congress

APRIL 10, 2015

However, OPEC has been in the line of fire from the western world in light of its stance of not reducing the production levels of its member nations (excluding Iran). Most view this as a strategy to squeeze the American shale production and other non-OPEC nations. Iraq’s Issues. All is not well for OPEC. Venezuela’s Woes.

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Green Car Congress

AUGUST 13, 2015

In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. The Saudis obviously miscalculated the degree to which their shift would negatively impact oil prices.

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Saudi Arabia Oil Iraq Iran 150

Green Car Congress

JUNE 20, 2012

While DoD and the services will have access to the wholesale fuel supplies they require, the purchase price may be uncomfortably high. As fuel consumers, DoD and the services have only one effective option to deal with high petroleum prices: to reduce use of petroleum fuels overall.

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The Truth About Cars

FEBRUARY 12, 2024

If we're talking about realistic Metro competitors here, the base 1992 Ford Festiva actually managed to undercut the price tag on the cheapest possible Metro two-door hatchback that year: $6,911 versus $6,999. The wretched 1992 Hyundai Excel base two-door was even cheaper, at $6,595 ($15,879 in today's spondoolies ).

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Green Car Congress

FEBRUARY 3, 2017

It’s been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how US shale is responding to fifty-plus-dollar oil with rebounding drilling activity. This would be the short-term game between low-cost producers and higher-cost producers.

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Green Car Congress

OCTOBER 25, 2015

“We think that banks are generally giving producers more time to improve financial health and that spring ‘16 redeterminations could be much tougher without significant commodity price improvement,” said Jonathan Wolff, an analyst with Jeffries, according to SNL. Maintaining access to finance can come at a price.

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Green Car Congress

OCTOBER 12, 2012

Today’s weak economic environment has reduced expectations of oil demand growth for the medium term, yet the reallocation of demand by region and key product, which has been underway for the last 15 to 20 years, is expected to continue. Product trade may grow in both volume and scope, however.

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Green Car Congress

AUGUST 25, 2015

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. percentage points. Their share of OPEC output increased to 26.6

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Cars That Think

SEPTEMBER 29, 2021

In 2002, iRobot , a company that I cofounded, introduced the first mass-market autonomous home-cleaning robot, the Roomba, at a price that severely constricted how much AI we could endow it with. So far the only self-driving systems deployed on production automobiles, no matter what the marketing people may say, are all Level 2.

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Afghanistan Iraq Personal 2002 145

Green Car Congress

NOVEMBER 6, 2015

One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

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Cars That Think

MAY 17, 2023

But for the most part, the price is right: China’s DJI Mavic 3 , used by both Russia and Ukraine for surveillance and for delivering bombs, goes for around $2,000. You can get 55,000 of them for the price of a single F-35. In the early 1950s the United States F-86 Sabre averaged about $250,000 apiece, about $3 million now.

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Green Car Congress

NOVEMBER 12, 2012

The cost of fossil-fuel subsidies has been driven up by higher oil prices; they remain most prevalent in the Middle East and North Africa, where momentum towards their reform appears to have been lost. Iraq accounts for 45% of the growth in global oil production to 2035 and becomes the second-largest global oil exporter, overtaking Russia.

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Green Car Congress

JANUARY 19, 2011

OPEC’s share of global oil production is set to increase to 46%, a position not seen since 1977. Global consumption growth is also impacted by higher oil prices in recent years and a gradual reduction of subsidies in oil-importing countries. Biofuels production is expected to reach 6.7 million barrels per day (mmbpd) in 2030.

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Green Car Congress

NOVEMBER 13, 2011

But the average oil price remains high, approaching $120/barrel (in year-2010 dollars) in 2035. If, between 2011 and 2015, investment in the MENA region runs one-third lower than the $100 billion per year required, consumers could face a near-term rise in the oil price to $150/barrel. Click to enlarge. Electric vehicles.

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Drive Electric

AUGUST 9, 2022

With the introduction of the Clean Car Discount in 2022, the skyrocketing prices of petrol and diesel across the country and the increasing number of electric vehicles available in New Zealand, we are seeing more EVs on our roads than ever before. In comparison, EV engines run on lithium batteries. What about other battery components?

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Drive Electric

AUGUST 9, 2022

With the introduction of the Clean Car Discount in 2022, the skyrocketing prices of petrol and diesel across the country and the increasing number of electric vehicles available in New Zealand, we are seeing more EVs on our roads than ever before. In comparison, EV engines run on lithium batteries. What about other battery components?

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Environment Electric Vehicles New Zealand Vehicles 52

Cars That Think

AUGUST 21, 2022

soldiers and 300 British soldiers lost limbs in Iraq and Afghanistan. It’s no wonder, since most myoelectric hands are priced over $20,000, are rarely approved by insurance, require frequent professional support to change grip patterns and other settings, and have costly and protracted repair processes. “The

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Tony Karrer Delicious EVdriven

APRIL 16, 2009

insulating or rebuilding Europe’s rickety housing stock could cut heating bills from 30 to 80 per cent, which would slash demand for their product. We have no known Lithium deposits that could sustain domestic battery production. At current transportation battery prices, that is well beyond the cost of spinning reserve.

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Grid Green Electric Cars Cars 47

Tony Karrer Delicious EVdriven

APRIL 16, 2009

Just as wireless service providers offer smartphones at discounted prices, Project Better Place will offer discounted electric vehicles with usage pricing plans. Why not ake it all the way and spend 1 year of Iraq on retrofitting every home in America with nano solar. Electric vehicles will be available for customers in 2011.

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