Green Car Congress

JANUARY 6, 2014

Hydraulic fracturing and horizontal drilling have unlocked shale gas and tight oil resources previously written off as uneconomical, single-handedly altering North America’s energy landscape. Others such as Poland have not been so lucky, with ExxonMobil and Talisman Energy pulling out after disappointing exploration results.

Argentina 225

Argentina Australia Oil-Sands China 225

Green Car Congress

JULY 2, 2013

In contrast to arguments that peak conventional oil production is imminent due to physical resource scarcity, a team from Stanford University and UC Santa Cruz has examined the alternative possibility of reduced oil use due to improved efficiency and oil substitution. Thus, demand would fall below our model’s estimates.

Oil 207

Oil Oil-Sands Fuel Economy Transportation 207

Green Car Congress

JANUARY 19, 2012

Argentina and Venezuela will form a joint venture targeting production of 100,000 barrels of extra-heavy oil per day in the Junin field area of the Orinoco Oil Belt. The US Geological Survey (USGS) characterizes extra-heavy oil as having an API gravity of less than 10°. billion project will also include a refinery.

Venezuela 210

Venezuela Argentina Oil Oil-Sands 210

Green Car Congress

SEPTEMBER 10, 2014

World petroleum and other liquid fuels consumption will increase 38% by 2040, spurred by increased demand in the developing Asia and Middle East, according to the Reference Case projections in International Energy Outlook 2014 ( IEO2014 ), released by the US Energy Information Administration (EIA). oil shale), and refinery gain.

Asia 341

Asia Transportation Oil-Sands Oil Prices 341

Green Car Congress

JUNE 12, 2015

The financial pages of Canadian newspapers have been full of headlines lately announcing the potential of two large shale oil fields in the Northwest Territories said to contain enough oil to rival the Bakken Formation of North Dakota and Montana. billion barrels. enthused the Financial Post.

Oil-Sands 150

Oil-Sands Oil North Dakota Oil Prices 150

Green Car Congress

JUNE 18, 2022

The US Energy Information Administration (EIA) forecasts that liquid fuels production in Brazil, Canada, and China will increase this year and next, contributing to growth in overall non-OPEC petroleum production. Data source: US Energy Information Administration, Short-Term Energy Outlook (STEO), June 2022. million b/d in 2023.

Brazil 259

Brazil Canada Oil-Sands China 259