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Equatorial Guinea, DRC to develop joint oil refinery and storage facilities

Green Car Congress

These include the financing and construction of an oil refinery in the DRC to be owned jointly by both countries to meet regional demand for refined petroleum products, along with the construction of storage facilities for refined products. West-Central Coastal Province, West Africa.

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Former president of Shell Oil calls for aggressive action on alternative fuels to break oil monopoly on transportation

Green Car Congress

John Hofmeister, former President of Shell Oil Company and founder and CEO of Citizens for Affordable Energy (CFAE), is joining the Fuel Freedom Foundation (FFF) Advisory Board. CFAE’s mission is to educate citizens and government officials about pragmatic, non-partisan affordable energy solutions. “ It’s not going to happen.

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Citroën unveils electric concept car oli for sustainable and affordable mobility

Green Car Congress

The tire tread compound is made of nearly all sustainable or recycled materials, including sunflower oils and rice husk ash silica, as well as pine tree resins and full natural rubber which replace synthetic, petroleum-based materials.

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Eaton to develop affordable home refueling station for natural gas vehicles; liquid piston technology

Green Car Congress

Eaton Corporation will develop an affordable home refueling station for natural gas vehicles, utilizing existing natural gas sources in the home and innovative compressor technology. The effort is funded in part by a $3.4-million million grant from the Department of Energy’s Advanced Research Projects Agency – Energy (ARPA-E) MOVE project.

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Commentary: Could falling oil prices spark a financial crisis?

Green Car Congress

The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. As is the nature of the junk-bond market, lots of money flowed to companies with much riskier drilling prospects than, say, the oil majors. The situation will compound itself if oil prices stay low.

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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ million of them—roughly 30% more units than conventional electric vehicle makers did.

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EV affordability threatened by cobalt prices: Did the US let resource control lapse over oil?

Green Car Reports

Just as the Middle East has been a strategic center in global oil politics, the Democratic Republic of Congo has become the epicenter for the raw materials needed for electric vehicles—especially cobalt.

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