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Will electric cars cause oil price to crash? Navigant says no

Green Car Reports

As electric cars become more widespread, they have the potential to drastically reduce the need for oil. That will lead to reduced transportation-related carbon emissions and lower costs for consumers, but what affect will it have on the oil industry? Economic oil plug-in carsThis question has sparked a bit of debate among analysts. DON'T MISS: Multiple Trends Turning.

Gas Prices To Plunge More After Oil Price Falls To 4-Year Low?

Green Car Reports

Oil prices are at their lowest levels in four years, and retail gasoline prices are likely to follow--more or less. celebrated its Thanksgiving holiday, oil prices fell 7 percent after OPEC announced it would leave production levels unchanged, according to CNN. The price of WTI crude oil in the U.S. Thursday, while the U.S.

2014 26

$10-Trillion Investment Needed To Avoid Massive Oil Price Spike Says OPEC

Green Car Congress

OPEC says that $10 trillion worth of investment will need to flow into oil and gas through 2040 in order to meet the world’s energy needs. The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. On the one hand, OPEC does not see oil prices returning to triple-digit territory within the next 25 years, a strikingly bearish conclusion. Market Background Oil

Baker Institute experts: major parts of the US shale sector will ramp up with $60 oil prices

Green Car Congress

If West Texas Intermediate (WTI) crude oil prices stabilize at or above $60 per barrel, major parts of the United States shale sector that are currently dormant will ramp up, according to an analysis by experts in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. This as the oil production targets agreed to at the Nov. 30 OPEC meeting have created the firmest prospect in the past two years of a meaningful oil price recovery.

2017 16

Georgia Electric-Car Fee, Diesel Trucks, Oil Prices: Today's Car News

Green Car Reports

Today, a proposed bill could cut Georgia's electric-car fee, an advocate makes the case for diesel pickup trucks, and a huge trader believes oil prices will remain low for a decade. All this and more on Green Car Reports. The Tesla Model X electric crossover will go on sale in China before Europe. Despite the Volkswagen scandal, diesels are still. Today in Car News

Harvard Study: Oil prices set to fall

Green Cars News

Let’s be honest, our interest in green cars has not only been prompted by our willingness to do more for the environment, but also for our need for affordable driving as petrol prices spiral out of control. Green cars Latest news fuel efficiency green cars Oil oil companies oil prices petrol prices

Fossil fuel emissions expected to grow in 2010

Green Cars News

Tags: Global warming Green cars Latest news emissions ethanol fossil fuels fuel prices oil prices petrol prices

Oil 19

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. Too many analysts continue to believe drilling and service has the same problem with rising oil prices.

Oil Prices Running Out Of Reasons To Rally

Green Car Congress

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. For the better part of two months, optimism surrounding the OPEC deal has buoyed oil prices, but bullish sentiment from speculators are showing early signs of abating, raising the possibility that the oil rally is running out of steam. The gains in the rig count come even as oil prices have held steady in the mid- to low-$50s per barrel.

Opinion: Why oil prices must go up

Green Car Congress

It may be difficult to look beyond the current pricing environment for oil, but the depletion of low-cost reserves and the increasing inability to find major new discoveries ensures a future of expensive oil. The industry did not log a single “giant” oil field.

Opinion: The Current Oil Price Rally Is Reaching Its Limits

Green Car Congress

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. US oil production has steadily lost ground over the past two quarters, with production falling more than a half million barrels per day since hitting a peak at nearly 9.7 That is not good news for oil prices.

Oil 1

GM To Forge Ahead With Electric, Plug-In Hybrid, Other Electrified Vehicles

Green Car Reports

When oil prices drop, the knee-jerk response of many analysts is to forecast doom for sales of electric cars, plug-in hybrids, and other green cars. It plans to to forge ahead with an expansion of its electrified-vehicle range, regardless of how low oil prices get. That''s not something General Motors recognizes as an issue, though. DON''T MISS. General Motors Batteries Plug-In Hybrids GM Future Cars Chevy Volt plug-in cars Chevrolet Bolt

Oil Well Strippers Suffering From Low Oil Prices

Green Car Congress

With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now appears that oil prices could remain below $50 a barrel for a year or more. A stripper is a small operator of very old oil wells that frequently produce less than five barrels per day of oil. billion barrels of oil and 18.8 percent of the US oil output, so they are a non-trivial source of US production.

Low oil prices hurting some US shale operations; slumping oil prices putting pressure on drillers

Green Car Congress

The number of active rigs drilling for oil and gas fell by their most in two months, according to the latest data from oil services firm Baker Hughes. There were 19 oil rigs that were removed from operation as of Oct. There are now 1,590 active oil rigs, the lowest level in six weeks. We could easily see the oil rig count down 100 by the end of the year, or more.” Some of the more expensive shale regions will not be profitable at current prices.

Oil 1

Commentary: Could falling oil prices spark a financial crisis?

Green Car Congress

The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. As is the nature of the junk-bond market, lots of money flowed to companies with much riskier drilling prospects than, say, the oil majors. When oil prices were high and production was relentlessly climbing, energy related junk bonds looked highly profitable. The situation will compound itself if oil prices stay low. Market Background Oil Opinion

Oil 1

Oil price collapse hurting some more than others

Green Car Congress

US oil and gas rig counts dropped to their lowest level in over four years, falling by an additional 74 units for the week ending on January 16. The lower count provides fresh evidence that low oil prices are forcing drillers to pare back operations and slash spending. While that may soon begin to cut into actual production figures, a new Wood Mackenzie report finds a lot of nuance in the oil patch, painting a complex picture of what to expect in 2015.

Oil 1

Multiple Trends Turning Slowly Against Oil, Says Rocky Mountain Institute

Green Car Reports

The cost of a barrel of oil is now just a fraction of what it was several years ago, and fuel prices have mostly fallen across the globe as a result. Oil prices rise and fall, but most industry analysts suggest that the emergence of North American production has loosened OPEC's ability to set prices unilaterally.

2016 44

Opinion: Consumers winning with low oil prices, for now

Green Car Congress

Lest we be too quick to forget whence we came, America is now 9-months into lower gasoline prices, which started their swoon the week of June 30, 2015 from a lofty national average just under $3.70, tumbling almost every subsequent week before bottoming and bouncing from $2.02 Interestingly, with fuel prices lower, the Ford F-Series, Chevy Silverado and Dodge Ram trucks have been the top three selling vehicles (in that order) since September, 2014. Market Background Oil

Oil 1

Oil price tumbles after OPEC releases 2015 forecast

Green Car Congress

The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to OPEC’s latest forecast. OPEC’s monthly report said demand for the cartel’s oil will fall to 28.9 Add to that a new report from the US government’s Energy Information Administration (EIA), which also cut its 2015 forecast for growth in global oil demand by 240,000 barrels per day, down to 880,000 barrels per day.

Oil 1

Oil in ground may be worth less, Exxon concedes, unhappily

Green Car Reports

As low oil prices remain steady, many oil companies have been forced to write down the value of their reserves. It's something oil giant ExxonMobil has resisted, even as its revenues have dropped. billion barrels of oil-sand reserves, and 1 billion barrels of other North American oil. oil Exxon fossil fuelsBut the company is now expected to reassess the value of 3.6

Opinion: Here’s what will send oil prices back up again

Green Car Congress

Oil’s rapid decline since August of last year has been dramatic. Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face of both history and common sense. Supply alone, however, doesn’t determine price.

Oil 1

Obama: Buy A Fuel-Efficient Car, Gas Won't Stay Cheap Forever

Green Car Reports

Low gas prices typically make fuel-efficient cars less attractive to consumers, and right now prices are very low indeed. DON''T MISS: Gas Prices To Plunge More After Oil Price Falls To 4-Year Low? He cautioned that cheap gas prices won’t last indefinitely, and Yet President Barack Obama hopes U.S. car buyers won''t clamor for gas guzzlers.

Price 35

Opinion: Oil Price War May Benefit both US Shale and Saudi Arabia

Green Car Congress

Even as financial commentators on CNBC are starting to come around to the idea of a bottom in oil prices, the key question for US oil producers remains one of timing. How long will the oil price slump last? After the oil price crash in 1985, it took almost twenty years for prices to revert to previous levels. If oil does not return to $100 a barrel until 2035, there will be a lot less shale companies around. Oil Opinion

Oil 1

Electric Ford Rumor, Tesla Road Trip, Cheaper VW e-Golf : Today's Car News

Green Car Reports

We mull over a shadowy rumor about a new Ford electric car, analysts raise the idea of an oil-price collapse due to lack of storage, and there''s now a new version of the 2015 Volkswagen e-Golf that''s cheaper than before. All this and more today on Green Car Reports. We started off by considering a report that Ford will unveil a 200-mile electric

2015 42

Douglas-Westwood: decline in oil prices may impact development of subsea processing

Green Car Congress

In the Douglas-Westwood Monday note , Andy Jenkins from the energy research group’s London office observes that the decline in oil prices may impact deepwater production and in particular a key future enabler: subsea processing (SSP). Unfortunately, these concerns are likely to be magnified by current oil prices and an associated reduction in capital spending.

With oil prices low, early signs of a pullback in drilling activity

Green Car Congress

With oil prices low and showing no sign of an immediate rebound, the industry is beginning to pull back on spending. Oil prices have dropped around 30 percent since summer highs, raising fears among producers across the globe. Yet, many oil majors are relatively diversified, with large holdings downstream. Steep declines in oil prices may hurt their production sectors, but with lower priced oil as an input, big oil’s refining assets become more profitable.

Oil 1

Opinion: This Is What Needs To Happen For Oil Prices To Stabilize

Green Car Congress

On September 10 th , the EIA reported a production decline in the Lower 48—essentially shale production—of 208,000 BOPD (barrels of oil per day). Rather, Goldman Sachs was grabbing all the headlines with its $20 call on oil. Shale oil wells lose a lot of production up front, maybe 70 percent in the first year before tapering off at a 5 to 10 percent annual decline over the next few years until leveling off for the life of the well—maybe 20 years or so out.

Oil 1

Fossil fuel subsidies “are public enemy number one”

Green Cars News

Latest news fossil fuel Oil price subsidies

U.S. Navy's 'Great Green Fleet' Uses 10-Percent Biodiesel Even As Fuel Prices Plummet

Green Car Reports

Navy is moving ahead with plans to fuel its ships with a diesel/biofuel blend, even though oil prices have dropped significantly since it first announced the plan. The U.S. Three years ago, the Navy won subsidies to help three companies build biofuel refineries to supply warships. It also weathered criticism from Congressional Republicans about. Green Biofuels Boats emissions military

BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

Green Car Congress

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36 For example, if lower oil prices last, they are likely to slow the growth of the electric vehicle market, to some extent.

Nothing to See Here - Oil Prices Retreat.from $90.07

Plugs and Cars

Forbes 12:43pm ET: Oil retreats from today's record highs around 90 usd as traders lock profits Bloomberg Crude Oil Falls From Record on Signs U.S. Supplies Are Adequate Associated Press Oil Futures Retreat From $90 Record CNN Money Oil retreats from $90, but gas keeps climbing. Tags: petroleum Big Oil

Coming This Fall: The Return Of Cheap $2 Gas

Green Car Reports

drivers have enjoyed unusually low gas prices, due to a variety of factors. While gas prices are at their lowest in years, oil prices have dropped by an even greater margin, meaning there should be room for gas prices to decrease even more. DON'T MISS: Gas Prices Matter To U.S. Green oilSo far this year, U.S. But it seems they could be even lower.

Price 26

Lux Research: despite cheap oil, niche plug-in vehicle sales will be resilient; conventional hybrids to be hardest hit

Green Car Congress

The current plunge in oil prices will likely negatively affect plug-in and hybrid vehicle sales in the short term; automakers such as BMW are already warning of lower sales of plug-in vehicles given the market context. Anticipated price of oil and forecast plug-in sales.

2015 36

Cheap Oil Will Last A Decade, Says Huge Oil Trader

Green Car Reports

The low oil prices that boosted new-car sales and caused average fuel-economy gains to sputter last year may be here to stay, for a while at least. With fuel prices low throughout 2015, Americans bought more new cars, but many of them were less-efficient SUVs and crossovers. And those oil prices likely won't increase dramatically for the next. Fuel Gasoline oil energy

Fuel efficient car prices reach their peak

Green Cars News

With petrol prices starting to fall, so at last are the prices for fuel efficient vehicles. According to Kelley Blue Book’s kbb.com, prices increased close to 25 per cent through 20 weeks of consecutive gains. Green cars Latest news crude oil prices fuel efficient car prices fuel efficient cars Kelley Blue Book Kelley Blue Book prices Saudi Arabia

Era Of Cheap, Subsidized Gasoline To End In United Arab Emirates

Green Car Reports

Global oil prices have remained fairly low for most of this year, which should be good news for people in most of the industrialized world. But that's not the case in the oil-rich United Arab Emirates. The continued slump in prices has prodded the seven-state federation to make a somewhat radical change in policy. oil Middle East energy policy United Arab Emirates Saudi Arabia

$92.22

Plugs and Cars

NY Times reports: Oil Prices Continue to Rise $91.86 A little context: oil at its lowest this year? Tags: oil price per barrel Big Oil per barrel at Friday's close. 50.48 a barrel on January 18, 2007.

Peak Oil Perceptions: If Gas Prices Soar, Who's Most Pessimistic?

Green Car Reports

Just three months ago, the average gas price crossed 4$ a gallon. Now, oil prices have plummeted to their lowest level this year in response to the Standard & Poor's U.S. We'll continue to be whipsawed by changes in oil prices, reflected in the price per gallon we pay for gasoline. debt rating downgrade. That's just a fact of modern life.

$97.07

Plugs and Cars

As the price per barrel goes beyond $97, one story in the NY Times reports : •Bombing in Afghanistan kills 64. Domestic oil inventory to fall. Oil platforms evacuated. Severe weather shuts Mexican ports, disrupts oil supply to US. Tags: petroleum oil price per barrel Attack on pipeline in Yemen. Severe weather forecast for North Sea. Dollar weak.

Antelope Valley Transit orders up to 85 electric buses from BYD; first US all-electric public transit fleet

Green Car Congress

And, by reducing dependence on foreign oil imports, AVTA will no longer be subject to oil price volatility for its bus fleet—helping to create greater stability for budget forecasting for the fleet manager.