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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.

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Why Wall Street is throwing billions at the Permian

Green Car Congress

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.

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IEA: Global oil discoveries and new projects fell to historic lows in 2016 while US shale surged; “two-speed” market

Green Car Congress

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
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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

Green Car Congress

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.

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The Game-Changing Water Revolution: Interview with Stanley Weiner

Green Car Congress

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
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Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

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? Solar, Wind and Biofuels Grew 53 Percent in 2008 Green Education = Environmental Religion? The World's First Clean Motocross Race On Electric. SZ (1) 6753.T

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Opinion: Political Climate Shifting Against The Oil And Gas Industry

Green Car Congress

Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. But the political and financial winds are moving in the wrong direction for the industry, raising more “above ground” problems at a time that they can ill-afford it. For example, there is at least $34.2

Oil 150