article thumbnail

The 5 Countries That Could Push Oil Prices Up

Green Car Congress

Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. The most near-term supply risk comes from Iraq. Iran probably won’t pose a supply risk to the market, at least not this year. by Nick Cunningham for Oilprice.com. bank Citi said.

article thumbnail

Africa’s Electricity-Access Problem Is Worse Than You Think

Cars That Think

Similarly, having a distribution line (often illegally rigged) running to a dwelling tells us nothing about the usage of power or the reliability of its supply. Even South Africa, by far the best-supplied country south of the Sahara, suffers from frequent blackouts. What does 50 kWh/year deliver?

article thumbnail

"Transmission Losses:" West African pirates

Plugs and Cars

In the Niger Delta, the pirates in armed speedboats attack tankers and work with militants in the delta's swamplands who steal around 150,000 barrels a day from oil installations or pipelines, around 5 percent of Nigeria's daily production. By 2015 the region is expected to be supplying 25 percent of U.S. oil imports.

Nigeria 100
article thumbnail

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

Green Car Congress

Saudi Aramco CEO Amin Nasser, while addressing the World Petroleum Congress in Istanbul, stated that the outlook for oil supplies is “ increasingly worrying ”, due to a loss of $1 trillion ($1,000 billion) in investments last year. But the current production increases in Nigeria, Iraq and Libya, will most probably be temporary.

Oil 186
article thumbnail

Water Levels Dropping in Some of the Worlds Major Rivers

Green Car Congress

suggests that the reduced flows in many cases are associated with climate change, and could potentially threaten future supplies of food and water. The research, led by scientists at the National Center for Atmospheric Research (NCAR) in Boulder, Colo., The research was supported by the National Science Foundation (NSF), NCAR’s sponsor.

Water 150
article thumbnail

Oil Prices Running Out Of Reasons To Rally

Green Car Congress

The OPEC deal is slated to take oil off the market, while US drilling is expected to add new supply. That bodes well for a narrowing supply surplus—and ultimately a deficit—as well as falling inventories. It is unclear, at this point, how rising US supply and falling OPEC output will ultimately balance out.

article thumbnail

This Lockheed Martin Researcher’s Work on UAVs Saves Lives

Cars That Think

It is often better to fly in lifesaving supplies instead of loading trucks with supplies to bring them along roads that might not be passable anymore,” Fregene says. As part of the job, in Oghara, Nigeria, then a small fishing village along the Niger River, he collected fares and directed passengers on and off the bus.

Nigeria 98