Green Car Congress

NOVEMBER 14, 2014

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.

Oil Prices 268

Oil Prices Oil Price Chevron 268

Green Car Congress

MARCH 10, 2021

The production decline resulted from reduced drilling activity related to low oil prices in 2020. In January 2020, US crude oil production reached a peak of 12.8 In May, US crude oil production reached its lowest average monthly volume for the year at 10.0 Crude oil production in Texas averaged 4.87

Oil 418

Oil 2020 North Dakota New Mexico 418

Green Car Congress

OCTOBER 23, 2014

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.

Oil Prices 247

Oil Prices Oil Saudi Arabia Oil-Sands 247

Green Car Congress

JANUARY 21, 2015

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. With weak demand, drillers can negotiate down rig prices.

Oil Prices 150

Oil Prices Oil Price Mexico 150

Green Car Congress

JANUARY 24, 2017

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. Baker III and Susan G.

Oil Prices 150

Oil Prices Oil Price Oil-Sands 150

Green Car Congress

NOVEMBER 26, 2015

an industry consultant, oil and gas companies have laid off more than 250,000 workers around the world, a tally that will rise if oil prices remain in the dumps. “I Still, upstream E&P companies are also being substantially squeezed by another plunge in oil prices. According to Graves & Co.,

Texas 150

Texas Oil Oil Prices Mexico 150

Green Car Congress

JUNE 16, 2021

In the June Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) forecasts that rising global production of petroleum and other liquid fuels (driven by OPEC, Russia, and the United States) will limit price increases for global crude oil benchmarks Brent and West Texas Intermediate (WTI).

Oil 243

Oil Global Price Production 243

Green Car Congress

MARCH 5, 2015

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.

Oil Prices 150

Oil Prices Oil Price Saudi Arabia 150

Green Car Congress

APRIL 27, 2017

Between January 2016 and March 2017, oil production in the Permian Basin increased in all but three months, even as domestic crude oil prices fell. As production in other regions fell throughout most of 2015 and 2016, the Permian provided a growing share of US crude oil production. million b/d) in that month.

Oil 170

Oil Production New Mexico Oil Prices 170

Green Car Congress

DECEMBER 8, 2020

For decades, California led all US states in consumption of gasoline, but that position has been passed to Texas, which finds smaller year-on-year volume declines of 15.8%. The data speaks to a major problem for the petroleum industry and oil prices as it recovers from unprecedented demand declines for most of 2020.

Gasoline 321

Gasoline 2020 Wyoming New Jersey 321

Green Car Congress

JUNE 27, 2018

A GlobalData analysis of recent wells for 26 operators in the Permian basin indicates a break-even oil price range from US$21 to US$48 per barrel with lateral lengths ranging from 4,500 ft to 10,500 ft. On 25 June, the price of a 42-gallon barrel of West Texas Intermediate Crude (WTI) was $68.08.

Oil 236

Oil Chevron Texas New Mexico 236

Green Car Congress

AUGUST 31, 2016

The collapse of oil prices has ground shale drilling to a halt, but the one region where drilling is still active, and even increasing, is in West Texas. The West Texas shale basin has captured two-thirds of the 90 oil rigs that have been added since hitting a nadir in May. by Nick Cunningham of Oilprice.com.

Oil Prices 170

Oil Prices Oil Fort Worth Texas 170

Green Car Congress

JULY 18, 2020

Projections of the evolution of COVID-19 pandemic trends show that lockdowns help to reduce COVID-19 transmissions by as much as 90% compared with the baseline without any social distancing in Austin, Texas. However, this unprecedented phenomenon could last for a few years: Kissler et al.

Gasoline 505

Gasoline Motor Motors Motoring 505

Green Car Congress

AUGUST 24, 2018

This national increase is almost entirely driven by tight oil. In particular, the Permian region in western Texas and eastern New Mexico is expected to account for more than half of the growth in crude oil production through 2019. Source: US Energy Information Administration, Short-Term Energy Outlook, August 2018. million b/d.

2019 236

2019 Oil Production 2018 236

Green Car Congress

MARCH 13, 2016

Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices.

Argentina 150

Argentina Oil Oil Prices Chevron 150

Green Car Congress

DECEMBER 17, 2014

Gasoline prices are falling because of lower crude oil prices, which account for about two-thirds of the price US drivers pay for a gallon of gasoline. EIA’s latest STEO forecasts that Brent crude oil prices will average $68 per barrel (bbl) in 2015, with prices up to $5/bbl below that annual average early in the year.

2015 210

2015 Gasoline Fuel Economy MPG 210

Green Car Congress

AUGUST 20, 2019

With the strength in consumer demand, domestic refineries processed crude oil at their highest utilization rates so far in 2019 (17.6 Consequently, domestic West Texas Intermediate (WTI) crude oil prices averaged $57.36 However, WTI prices remained down 19.2% ($13.62 mb/d of throughput, utilizing 93.9%

2005 207

2005 Fuel 2018 Oil 207

Green Car Congress

MAY 30, 2019

ExxonMobil expects to increase annual earnings potential by more than 140% and double potential annual cash flow from operations by 2025 from 2017 adjusted earnings, assuming a 2017 oil price of $60 per barrel adjusted for inflation and based on 2017 margins.

Papua New Guinea 191

Papua New Guinea Emissions Carbon Guyana 191

Green Car Congress

JULY 13, 2016

Because of this, the collective US shale industry has been likened to the new “swing producer”: low oil prices force quick cutbacks but higher prices trigger new supplies. And because there were few job openings, very few young people between the mid-1980s and 2000 went into oil and gas.

Oil 150

Oil Industrial Industry Oil Prices 150

Green Car Congress

MARCH 20, 2012

The divergence of West Texas Intermediate (WTI) and Brent crude oil prices in 2011 affected refinery utilization in the United States, particularly in the East Coast (PADD 1) and Midwest (PADD 2) regions, according to a report from the US Energy Information Administration (EIA).

2011 199

2011 Oil Texas Oil Prices 199

Green Car Congress

OCTOBER 9, 2017

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. Gevo currently operates a biorefinery in Silsbee, Texas, in collaboration with South Hampton Resources Inc.,

Renewable 150

Renewable Energy Fuel Minnesota 150

Green Car Congress

JUNE 13, 2012

The “Arab Spring” affected oil and gas supplies—most notably the complete, albeit temporary, loss of Libyan supply—while the tragic Fukushima accident in Japan had knock-on effects for nuclear and other energy sources around the world. bbl, they were the second-highest in inflation adjusted terms, behind only 1864.

Coal 261

Coal Oil Renewable Saudi Arabia 261

Green Car Congress

APRIL 27, 2017

This sharp slowdown in activity in the conventional oil sector was the result of reduced investment spending driven by low oil prices. The average break-even price in the Permian basin in Texas, for example, is now at US$40-45/bbl. mb/d by 2022 at current prices, and expand even more if prices rise further.

Oil 150

Oil 2016 Oil-Sands Global 150

Green Car Congress

JANUARY 16, 2012

Industry appetite for oil-rich resource plays, particularly the North Dakota Bakken shale, Texas Eagle Ford shale and Ohio Utica shale, drove deal activity in the unconventional sector to a record $62 billion. We expect continued strong activity in oil and liquids-rich resource plays in 2012.

El Paso 225

El Paso 2011 Oil Gas 225

Green Car Congress

FEBRUARY 13, 2011

Other states will be selling less than 8,000 electric vehicles per year, with fewer than 26,000 total registrations by 2015, even in the large markets of Texas, New York, and Florida. It also notes that, while the specific numbers may not be exact, their magnitude should be correct along with relative sales among states.

2015 236

2015 Electric Vehicles Vehicles Sale 236

Green Car Congress

DECEMBER 5, 2012

Biofuels grow at a slower rate due to lower crude oil prices and. The decline reflects increased domestic production of both petroleum and natural gas, increased use of biofuels, and lower demand resulting from the adoption of new vehicle fuel efficiency standards and rising energy prices. Biomass and biofuels growth is slower.

Fuel 225

Fuel Energy Sale 2013 225

Green Car Congress

SEPTEMBER 26, 2017

The Permian Basin—a mature hydrocarbon basin located primarily in west Texas and extending into southeastern New Mexico—has produced more than 39 billion barrels (cumulative) of oil since it first began production in the 1920s, reaching a previous production peak in 1973. —John Roberts.

Oil 150

Oil New Mexico Oil Prices Production 150

Green Car Congress

NOVEMBER 7, 2014

A major factor in this growth has been an uptick in horizontal drilling in the Permian Basin, Texas’ revived giant, where the rig count was up 21% year-on-year. And while oil prices slumped in October, drilling activity continues to rise, according to Baker Hughes , the third-largest oil services company.

Oil 261

Oil Oil Prices Texas United States 261

Green Car Congress

MARCH 2, 2013

These avenues include alternative pipeline capacity to support Western Canadian, Bakken, and Midcontinent crude oil movements to the Gulf Coast as well as rail to transport large volumes of crude oil to East, West, and Gulf Coast markets.

Climate Change 250

Climate Change Oil-Sands Nebraska Climate 250

Green Car Congress

JUNE 20, 2011

Genomatica expects Bio-BDO to be competitive at oil prices of $45 per barrel or at natural gas prices of $3.50 Greener reaction conditions: Kraton Performance Polymers, LLC, Houston, Texas. per million Btu. Genomatica expects to begin commercial production of Bio-BDO in 2012.

Green 236

Green Market 2011 2020 236

Green Car Congress

APRIL 15, 2010

The results are based on Evogene’s objectives for castor bean varieties, aimed at increasing crop yields to 4-5 ton/ha on semi-arid lands—at present focusing on Texas and Brazil—and therefore providing the additional benefit of not competing with food use of arable land. Assaf Oron, Evogene’s EVP Strategy and Business Development.

Brazil 210

Brazil Emissions Denver 210

Green Car Congress

APRIL 15, 2015

Globally, water demand is threatening to dangerously outpace supply, while in the US, dry states such as Texas and California are suffering from shortages and the future forebodes more suffering. How communities in Texas can be spared drought. We’re looking at continual drought and predictions of a new ‘mega drought’ for Texas.

Water 150

Water Oil Texas Gas 150

Green Car Congress

NOVEMBER 10, 2015

Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. Drilling oil and gas wells requires a lot of money. For companies that have seen their revenues vanish because of collapsing oil prices, access to credit is obviously critically important.

Oil 150

Oil Climate Industrial Industry 150

Tony Karrer Delicious EVdriven

APRIL 16, 2009

High-Speed Rail Unlocks Intermodal Potential Texas Excess Ford Expands Hybrid Success to Electric Vehicles ► March (17) Carbon Capture and Storage: To Be or Not To Be? Blog Archive ▼ 2009 (52) ▼ April (6) Waxman-Markey and REDD BlogRoll Review: Space Beams, Leaded Batteries, an. 2) Chevy Volt (2) China (2) ECOD3.SA

Grid 28

Grid Electric Vehicles Vehicles Oil-Sands 28