Remove 2014 Remove Cost Of Remove Oil Prices
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. The second is that under the best of circumstances it will take the EV industry close to another decade to close this cost of ownership gap. by Andreas de Vries and Dr. Salman Ghouri for Oilprice.com. Since (non-U.S.

article thumbnail

$10-Trillion Investment Needed To Avoid Massive Oil Price Spike Says OPEC

Green Car Congress

The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. On the one hand, OPEC does not see oil prices returning to triple-digit territory within the next 25 years, a strikingly bearish conclusion.

article thumbnail

Opinion: This Is What Needs To Happen For Oil Prices To Stabilize

Green Car Congress

Back when the onslaught began, which I mark as Thanksgiving Day 2014—when OPEC declined to cut—Wall Street began talking of shale as being a switch; as in you can turn it on and off. Back in the good old days—2012 or so—a single stage on a shale job was being priced at $125,000 or more. That’s underwater.

article thumbnail

Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

Green Car Congress

A continuing sharp decline in technology costs—particularly in solar but also in wind—meant that every dollar invested in renewable energy bought significantly more generating capacity in 2014. A key feature of the 2014 result was the rapid expansion of renewables into new markets in developing countries.

2014 150
article thumbnail

Comprehensive modeling study finds electric drive vehicle deployment has little observed effect on US system-wide emissions

Green Car Congress

No EDV deployment occurs with high battery costs, low oil prices, and no CO 2 policy. higher oil prices, a CO 2 policy, lower battery cost—the median market shares increase. higher oil prices, a CO 2 policy, lower battery cost—the median market shares increase.

Emissions 236
article thumbnail

BNEF forecasts EVs to be 35% of global new car sales by 2040; cost of ownership below conventional-fuel vehicles by 2025

Green Car Congress

This would be almost 90 times the equivalent figure for 2015, when EV sales are estimated to have been 462,000, some 60% up on 2014. According to Salim Morsy, senior analyst and author of the study, the central forecast is based on the crude oil price recovering to $50/barrel, and then trending back up to $70 or higher by 2040.

Cost Of 150
article thumbnail

IHS Markit: conventional oil & gas discoveries at lowest levels in 70 years; major rebound unlikely

Green Car Congress

The low levels in discoveries come as a result of a pullback during the past 10 years in the wildcat drilling that targets conventional oil and gas plays—most drastically after oil prices collapsed in 2014. —Keith King, senior advisor at IHS Markit and a lead author of the IHS Markit E&P trends analysis.

Oil 199