Remove Oil Prices Remove Resource Remove Technology
article thumbnail

Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

Green Car Congress

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. With this kind of impending discrepancy between supply and demand, the industry needs to start looking for new sources of oil, and quickly. by Haley Zaremba for Oilprice.com.

article thumbnail

The Next Oil Price Spike May Cripple The Industry

Green Car Congress

Two diametrically opposed views dominate the current debate about where the oil price is heading. On the other hand, however, there is the view that the price of oil is set to explode, primarily due to underinvestment in the upkeep of brownfields , development of greenfields , and exploration for new resources.

article thumbnail

EIA: International demand will drive US production of petroleum and other liquids through 2050

Green Car Congress

It also assumes the Brent crude oil price reaches $101 per barrel (b) (in 2022 dollars) by 2050. The High Oil and Gas Supply case, which assumes 50% more ultimate recovery per well for tight oil, tight gas, or shale gas in the United States compared with the Reference case. million b/d exported in 2022.

article thumbnail

NTU Singapore to develop technologies to extract hydrogen from liquid organic hydrogen carriers

Green Car Congress

Chiyoda Corporation, which is headquartered in Japan, will serve as NTU’s key partner in the project, and will offer technical contribution based on their proprietary dehydrogenation catalyst technology, SPERA Hydrogen ( earlier post ), to the University to be developed and implemented on a national scale.

Singapore 150
article thumbnail

ExxonMobil seeking to boost growth, continue work on lower-emissions technologies including biofuels and carbon capture

Green Car Congress

ExxonMobil is progressing growth plans to increase its earnings and cash flow potential while researching technology breakthroughs to reduce emissions, Chairman and CEO Darren Woods said during the company’s annual meeting today. billion barrels of discovered recoverable resource. In Brazil, the company has acquired 2.3

article thumbnail

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

Green Car Congress

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. The question we should be asking ourselves is not if oil prices will recover, but when they will. Supply alone, however, doesn’t determine price. That is a good thing.

article thumbnail

EIA projects increases in global energy consumption and emissions through 2050

Green Car Congress

The US Energy Information Administration (EIA) projects that, absent significant changes in policy or technology, world energy consumption will grow by nearly 50% between 2020 and 2050. Oil and natural gas production will continue to grow, mainly to support increasing energy consumption in developing Asian economies.

Global 259