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Harvard Kennedy School researcher forecasts sharp increase in world oil production capacity and risk of price collapse

Green Car Congress

Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Such an increase in capacity could prompt a plunge or even a collapse in oil prices, he suggests.

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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

Green Car Congress

Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Using thermal recovery processes in heavy oil reservoirs depends largely on.

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Are biofuels the answer for green cars? The Green Piece

Green Cars News

It predicts 35 per cent growth in the US; 30 per cent growth in Brazil; and substantial increases in areas including the Asia-Pacific region, France, Germany and Argentina. Further worries include the impact on water resources. The questions that surround their use and their effect on the rainforests cannot be ignored.

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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

Additional to China, Brazil ($7.6 billion, the largest single renewable energy asset finance deal ever, outside large hydro—that of the 600MW Gemini project in Dutch waters. Another challenge was, at first sight, the impact of the 50%-plus collapse in the oil price in the second half of last year.

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