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Increase in US rig count will not cap oil prices

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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. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.

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

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Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Using thermal recovery processes in heavy oil reservoirs depends largely on.

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AECOM study finds EV adoption in Victoria can offer significant economic benefits by late 2020s; PHEVs initially lead uptake

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travelled (high, medium and low), and vehicle type (passenger, light commercial, or taxi). The analysis is based on central forecasts of oil price, electricity. price and carbon pollution reduction scheme (CPRS)/carbon tax policy, and known information about the historic drivers for consumers in the vehicle. Resources.

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State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

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The pipeline would primarily transport crude oil from the WCSB and Bakken regions. The majority of the WCSB oil is considered a heavy crude oil, while Bakken crude is considered a light crude oil. If diluents are not available, producers use synthetic crude oil as the diluent to create a product called synbit.

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NETL Report Concludes CTL Plus Carbon Capture Results in Fuel with 5-12% Less Lifecycle GHG Than Petroleum Diesel; Modest Biomass Additions Lower GHG Further

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Background colors of the cells represent the crude oil price required for economic feasibility. These synthetic fuels are economically competitive with petro-diesel when the crude oil price (COP) is at or above $86 per barrel (based on a 20% rate of return, in January 2008 dollars, with a carbon price of zero).

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Stanford, UC Santa Cruz study explores ramifications of demand-driven peak to conventional oil

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The underlying assumption is that the world will immediately use whatever oil can be pumped from the ground, and that supply is independent of demand—that is, oil exploration investments bear no relation to the current oil price or expectations of future demand. Historical scenario. (A)

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Mixed Outlook for Mainstream Consumer Adoption of PHEVs

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Bubble chart of plausible mainstream PHEV buyers’ battery requirements (light and dark gray circles) and experts’s requirements overlaid on a Ragone plot of NiMH and Li-ion batteries. Let’s talk about water quality, local emissions, natural resources and the wars that come from places that don’t have enough natural resources.

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