NEXCEL testing demonstrates potential 2g/km CO2 reduction by ensuring precise oil-engine match

Green Car Congress

Testing of the latest Nexcel active engine oil management system ( earlier post ) across three different engine types has a{demonstrated} the system’s potential to reduce CO 2 emissions by 2 g/km. This pushes up the oils’ viscosity and can therefore increase emissions.

2018 78

Oil analysts predict peak consumption in 2036

Green Car Reports

Most people buy electric cars to reduce oil consumption, but oil companies keep selling more oil every year. Now, a new study by oil industry consultancy Wood Mackenzie predicts that the demand for oil will start to decline as early as 2036, when autonomous cars become more popular. That forecast comes much earlier than many big oil companies. peak oil self-driving cars

2018 59

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. sanctions on Iranian oil. Saudi Arabia, OPEC’s largest producer, has been boosting oil production to offset supply disruptions elsewhere, including the anticipated loss of Iranian oil supply after U.S. Last week, the National Iranian Oil Company (NIOC) slashed the OSP for the Iranian Light crude grade to Asia by US$0.80

How crude-oil prices influence gasoline prices

Green Car Congress

Gasoline is one of the products refined from crude oil. Thus, the price of crude oil should have a strong influence on the price of gasoline. The Energy Information Administration (EIA) estimates that in the United States from 2008 to 2017, crude oil represented only 61% of the retail price of gasoline. So how strong, indeed, is the relationship in the United States between crude-oil and gasoline prices? Fuels Market Background Oilby Michael Sivak.

2018 77

Strong Dollar Could Cap Oil Prices

Green Car Congress

dollar poses an obstacle to further gains in oil prices. As Reuters points out , in dollar terms the price of Brent oil has climbed 9 percent this year, but in yuan terms oil is now nearly 14 percent more expensive. The problem for many emerging markets is that oil prices have been going up at the same time. Typically, oil prices trade inversely to the U.S. But the dollar and oil have been climbing in tandem for much of this year. Market Background Oil

2018 64

Oil prices could double by 2020, boosting electric car sales

Green Car Reports

Despite short term peaks and valleys, and a recent agreement by OPEC to ease production restrictions, the overall trend in oil prices is on the rise. That's the conclusion of Bernstein research, an investment research company, which forecast last week that oil could hit $150 a barrel by 2020, just a couple of years from now, according to an.

2018 63

The New Oil Cartel Threatening OPEC

Green Car Congress

When reports emerged that India and China are in talks about forming an oil buyers’ club , OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. oil and gas production gives us greater leverage against OPEC,” the Times of India quoted an Indian official as saying last month after the formal start of said talks. What’s more, they might not be alone in this attempt to curb OPEC’s clout on the global oil market.

2018 64

This Is Why You Don’t Take Money From Oil Companies For Your Schools

Creative Greenius

When Chevron, or Phillips 66, or ExxonMobil or E&B oil companies give schools and nonprofits funding money they do it for one reason only. Sold them out to the very oil companies who are destroying their chance of having a decent future.

2015 207

The New Oil Cartel Threatening OPEC

Green Car Congress

When reports emerged that India and China are in talks about forming an oil buyers’ club , OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. oil and gas production gives us greater leverage against OPEC,” the Times of India quoted an Indian official as saying last month after the formal start of said talks. What’s more, they might not be alone in this attempt to curb OPEC’s clout on the global oil market.

2018 60

Argonne Oleo Sponge for cleaning oil spills successful in real-world conditions off California coast

Green Car Congress

The Oleo Sponge, a patent-pending technology to clean oil spills invented at the US Department of Energy’s (DOE) Argonne National Laboratory, performed successfully in an experiment conducted off the coast of Southern California. After the oil is wrung out, Oleo Sponge can be used again.

2018 83

Plastic Propaganda Proven Phony, Oil Red Coats Still Willing To Sell Out Their Neighbors

Creative Greenius

Happily covering themselves in toxic waste, E&B Oil Drillers and their paid mercenaries in Hermosa Beach have been trying to float a b t story about a world made of plastic dependent on oil for its every need. . Without Oil A Day At The Beach Wouldn’t Be Much Fun.

2015 151

Oil Prices Ravaged By Financial Turmoil

Green Car Congress

Oil prices fell back suddenly over the last few trading sessions, dragged down by some forces beyond the oil market. A rebound for the greenback led to a steep decline in oil prices on Friday. At the same time, sudden turmoil in the broader financial system also bled over into the oil market. The stock market and interest rates can really affect oil a lot,” Mark Waggoner, president of Excel Futures, told The Wall Street Journal. “It’s Market Background Oil

2018 71

IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

Green Car Congress

Over the next three years, gains from the United States alone will cover 80% of the world’s demand growth, with Canada, Brazil and Norway—all IEA members—able to cover the rest, according to Oil 2018 , the IEA’s five-year market analysis and forecast. Market Background Oil

2018 99

Big Oil will lose grip on global vehicle market in less than 25 years: study

Green Car Reports

The latest study on the future of transportation paints an increasingly dim picture for the oil industry, though it suggests that the industry is in no danger of collapse. Instead, Big Oil will lose its dominance in the transportation sector over a 25-year period as electric cars and mobility solutions (ride- and car-sharing services) become more. Diesel Gasoline oil Study peak oil

2017 74

Opinion: There Is No Such Thing As Peak Oil Demand

Green Car Congress

Notwithstanding that oil demand has increased for over 150 years, it will eventually stop increasing. If oil demand were to reach an actual peak, then the top might be easier to predict. EIA data shows that 35 countries in all have already reached and descended from maximum oil demand.

2017 112

Decline of oil: Bloomberg suggests what it could look like

Green Car Reports

Predictions on the future of global energy vary greatly, but many analysts largely believe that peak demand for the oil industry is coming relatively soon. The world's largest oil companies, however, see it differently: they say their business will only continue to grow through the year 2040. emissions oil peak oil fossil fuels

2017 63

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

2016 83

Shell producing base oil from natural gas for motor oils

Green Car Congress

Shell PurePlus Technology is now being used to create motor oils for motorists in the United States. Pennzoil Platinum and Pennzoil Ultra Platinum Full Synthetic motor oils are the only ones blended exclusively with these GTL base oils. Gas-to-Liquids (GTL) Lubricating Oils

2014 99

IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

Green Car Congress

Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider.

2018 83

When Will Russia Run Out Of Oil?

Green Car Congress

On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 When will Russia run out of oil? Arctic Market Background Oil Russia

Oil companies fight back for charging dollars

Green Car Reports

As electric cars begin eating into profit growth at oil companies, the war for electric-car drivers' pocketbooks has begun. Electric utilities are counting on supplying increasing quantities of juice, especially during off-peak hours to make their operations more efficient—and not insignificantly to boost revenues along the way. Charging Networks

2018 63

Big Oil Betting On Electric Vehicles

Green Car Congress

Oil demand for transportation fuel see its “ demand will flatten out ,” after 2030, Couse said. Colin McKerracher, head of advanced transport analysis at Bloomberg New Energy Finance, sees Couse’s forecast as the highest EV sales margin yet to be forecasted by a major company in the oil sector. Royal Dutch Shell Plc sees a similar trend with oil demand in transportation flattening out in the near future. Electric (Battery) Forecasts Oilby Jon LeSage for Oilprice.com.

2017 76

U Calgary study finds oil shale most energy intensive upgraded fuel followed by in-situ-produced bitumen from oil sands

Green Car Congress

A team at the University of Calgary (Canada) has compared the energy intensities and lifecycle GHG emissions of unconventional oils (oil sands and oil shale) alongside shale gas, coal, lignite, wood and conventional oil and gas.

Transmission Losses: Shell tries to halt North Sea oil spill

Plugs and Cars

" An oil spill in the North Sea is estimated to amount to several hundred tonnes, making it the biggest such leak in more than a decade, according to UK Government figures." ". shell oil oil spill Big Oilthe energy firm is still trying to "completely halt" any further leakage." Source: The Independent ].

Oil 100

World Bank will stop funding oil, gas exploration in 2019

Green Car Reports

Gasoline oil global warming climate change energy diesel fuel fossil fuelsIt's not just the world automotive industry that's grappling with rapid changes brought about by the need to reduce the effects of climate change. The world's fossil-fuel extraction, refining, and delivery industries are also faced with the reality that two centuries of burning their core products hurts the planet and has already exacerbated.

2017 70

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. And those oil prices likely won't increase dramatically for the next. Fuel Gasoline oil energyWith fuel prices low throughout 2015, Americans bought more new cars, but many of them were less-efficient SUVs and crossovers.

Cheap 63

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. Market Background Oil Opinion

2015 71

Oil Majors’ Costs Have Risen 66% Since 2011

Green Car Congress

The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. The collapse of oil prices forced the majors to slash spending on exploration, cut employees, defer projects, and look for efficiencies.

2017 83

Oil makes us impotent

Plugs and Cars

Clinton took away from that, among other things, that oil and the need for oil on behalf of the West and other places made Abacha, in his mind, impervious.” Tags: shell oil Big Oil bill clinton nigeria “I had a surprising call this week,” the author Richard North Patterson told the audience that had gathered last weekend as part of the PEN World Voices Festival of International Literature. It was former President Bill Clinton.

Oil 100

BP to acquire unconventional US onshore assets from BHP for $10.5B; transforming US onshore oil & gas business

Green Car Congress

BP has agreed to acquire a portfolio of world-class unconventional oil and gas assets from BHP. The acquisition will bring BP extensive oil and gas production and resources in the liquids-rich regions of the Permian and Eagle Ford basins in Texas and in the Haynesville gas basin in Texas and Louisiana. The assets have combined current production of 190,000 barrels of oil equivalent per day (boe/d), about 45% of which is liquid hydrocarbons, and 4.6 Market Background Oil

2018 60

Big oil firms fear Trump rules rollback: not for environment but for PR

Green Car Reports

Efforts to loosen regulations on the oil industry now underway have met with public approval from fossil-fuel companies. But while the Trump administration has moved swiftly to create a more friendly regulatory environment for big oil, some executives have urged a slowdown behind the scenes. oil oil well regulation fossil fuels Donald Trump

2017 57

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. As Saudi Arabia announces plans to slash production and move their economy away from oil dependency, many industry insiders are predicting that the now over-saturated market will reach an equilibrium with higher commodity prices by 2018 and U.S. oil may not be able to fill. Market Background Oilby Haley Zaremba for Oilprice.com.

Caelus confirms large-scale oil discovery on the North Slope of Alaska

Green Car Congress

Caelus Energy Alaska, LLC, a privately held independent exploration and production company, announced that its subsidiary, Caelus Energy Alaska Smith Bay LLC, has made a significant light oil discovery on its Smith Bay state leases on the North Slope of Alaska.

2016 112

"Transmission Losses:" Oil leak worsens

Plugs and Cars

Government officials said late Wednesday night that oil might be leaking from a well in the Gulf of Mexico at a rate five times as large as initial estimates have suggested. Tags: oil leak Source: New York Times ].

Oil 100

Global oil demand could peak by 2020, says Shell

Green Car Reports

The rise of electric cars has led many analysts to make predictions about the future of the oil industry. oil plug-in cars Shell fossil fuelsExxonMobil and OPEC have both made statements indicating confidence that the majority of vehicles on the world's roads will continue to be powered by fossil fuels for the next few decades. But Shell recently made a prediction that is a bit.

2016 78

The Oil War Is Only Just Getting Started

Green Car Congress

The Oil War Is Only Just Getting Started. It’s been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how US shale is responding to fifty-plus-dollar oil with rebounding drilling activity. In the next couple of months, official production figures will point to who's winning this round of the oil wars. Oil demand growth is expected to slow down in the years to come.

2017 76

The 5 Countries That Could Push Oil Prices Up

Green Car Congress

Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. Geopolitical tension has been largely irrelevant since the collapse of oil prices in 2014, but it’s making a return now that cracks have emerged in some key oil-producing nations. The threat of an outage will carry more weight as the oil market tightens. has the ability to curtail Iranian oil exports. Market Background Oil

The oil industry doesn't care about electric cars: here's why

Green Car Reports

And it goes something like this: "Big Oil and Gas are on the verge of collapse, as clean energy and electric cars make them obsolete." DON'T MISS: Electric cars pose little threat to oil demand. Gasoline emissions oil plug-in cars fossil fuelsIt crops up in comments from electric-car advocates and clean-energy users fairly regularly. Occasionally the sentiment is followed by an approving emoji.

2017 67

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 one hand, there is the view that the price of oil will be “ lower for longer ”, or even “ lower forever ”, as the electrification of transport will eat away at oil demand more and more while, at the same time, technological innovation ( shale in particular ) will greatly increase economically recoverable resources. Why the price of oil actually isn’t that low.

2018 Mitsubishi Outlander PHEV review, Lexus F hybrids, and big oil skepticism of electric cars: Today's Car News

Green Car Reports

Big oil refineries voice skepticism over electric cars. We review the fuel economy of the 2018 Mitsubishi Outlander PHEV. Lexus mulls hybrid systems for its F-series performance cars. And the results are in from our latest Twitter poll. All of this and more on Green Car Reports. Green Car Reports spent time with the Outlander PHEV and found it.

2018 48