article thumbnail

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

Green Car Congress

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.” Better-known shale formations, such as the Eagle Ford in South Texas, can break even at much lower prices.

article thumbnail

Saudi Arabia And Iran Reignite The Oil Price War

Green Car Congress

The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil. efforts to curb Iranian production.

article thumbnail

Navigant forecasts global light duty electrified vehicle sales to exceed 6.0M in 2024; PEVs to account for roughly half

Green Car Congress

Subsequently, the company used data on electricity and oil prices; government incentives; charging infrastructure; vehicle costs; and other factors to determine the business case of an electrified vehicle (HEV, PHEV, or BEV) purchase against its conventional competitor in each forecast year.

Light 150
article thumbnail

Aventine installs $2.4M corn-oil separation system at ethanol plant

Green Car Congress

Since corn oil has a higher market value, removing the oil improves dried distillers grain processing properties. High production levels and excess inventories nationally have led to tight margins, particularly in Nebraska. —Mark Beemer.

Oil 150
article thumbnail

Sandia study finds meeting RFS2 requirements unlikely without stronger enforcement mechanism; the importance of drop-in biofuels

Green Car Congress

Relying on consumers to purchase ED85 instead of gasohol is too uncertain of an approach to meeting the mandate. The model has four sub-components: vehicle, fuel production, electricity grid; and energy supply. Among their findings were: RFS2 is satisfied at extreme oil prices (at least $215/barrel).

article thumbnail

RedRock Biofuels to supply 3M gallons/year of renewable jet fuel to FedEx through 2024

Green Car Congress

FedEx joins Southwest Airlines, which signed a purchase agreement with RedRock in November 2014 for about 3 million gallons per year, in purchasing Red Rock’s total planned available volume of jet fuel. The agreement runs through 2024, with first delivery expected in 2017. Earlier post.).

Renewable 150
article thumbnail

GE Aviation testing 100% Gevo Alcohol-to-Jet fuel

Green Car Congress

Specifically, this testing is designed to enable the greater displacement of petroleum-based jet fuel by bio-based alternative products. With the successful scale-up of this technology, it is believed that Gevo’s HEDFs could be produced at a lower cost than the petroleum-based equivalent, even at current oil prices.

Fuel 170