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The price disparity between crude oil and other resources, coupled with the emergence of cheap and abundant shale gas, especially in the United States, is opening up opportunities to produce cheaper gasoline, according to a new report from Lux Research. Among their findings: Methanol-to-gasoline is the cheapest option.
Conventional wisdom says low gasprices are poison to sales of fuel-efficient cars, but a new survey indicates that may not be the case. Despite average gasprices of less than $2.00
The current plunge in oilprices will likely negatively affect plug-in and hybrid vehicle sales in the short term; automakers such as BMW are already warning of lower sales of plug-in vehicles given the market context. Anticipated price of oil and forecast plug-in sales. Lux on the price of oil.
Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face of both history and common sense. The question we should be asking ourselves is not if oilprices will recover, but when they will. Supply alone, however, doesn’t determine price. That is a good thing.
Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. But the average oilprice remains high, approaching $120/barrel (in year-2010 dollars) in 2035. Oil and the Transport Sector: Reconfirming the End of CheapOil. Click to enlarge.
Both regions will benefit from rapidly expanding biofuels markets, ample land and water resources, and cheap labor, Pike suggests. Countries with significant dependence on foreign imports of oil will likely show increased interest in algae-based biofuels if oilprices continue to rise over the next decade.
Low gasprices typically make fuel-efficient cars less attractive to consumers, and right now prices are very low indeed. car buyers won''t clamor for gas guzzlers. DON''T MISS: GasPrices To Plunge More After OilPrice Falls To 4-Year Low? Yet President Barack Obama hopes U.S.
While OPEC mulls over further steps to once again support falling oilprices, tech startups are quietly ushering in a new era in oil and gas: the era of the digital oil field. These are cheap computing with industrial-application capabilities; ubiquitous communication networks; and, of course, cloud tech.
Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oilprices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices.
Iran is all set to pump close to 300 million barrels of crude into the market, thereby kickstarting another potential decline in oilprices. Containing some of the largest proven oil and gas reserves in the world, Venezuela is one of the founding members of OPEC. The current oilprice levels are nowhere near this.
drivers have enjoyed unusually low gasprices, due to a variety of factors. While gasprices are at their lowest in years, oilprices have dropped by an even greater margin, meaning there should be room for gasprices to decrease even more. DON'T MISS: GasPrices Matter To U.S.
The challenge for businesses is to serve this new middle class market at a time when resources are likely to be scarcer and more price volatile. The advantages many companies experienced in the last two decades from “cheap labor” in developing nations are likely to be eroded by the growth and power of the global middle class.
At home, the kingdom needs oil and natural gas for transportation, industrial production and electricity generation. Each of these sources of domestic demand is increasing, propelled by rising populations, growing incomes and subsidized end-user prices that, despite a recent adjustment, remain among the lowest in the world.
The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. As if being the world’s biggest exporter of oil was not enough, the desert kingdom is now looking to conquer the refining sector as it has quickly become the fourth largest refiner in the world.
BYD’s conventional gas-powered cars are selling well these days in China, and his electric plug-in electric model looks like it will come to market with a longer range and a lower sticker price than the new Toyota Prius much-hyped Chevy Volt. They are the top of the top,” Mr. Wang told me, when I visited BYD last year.
Find investors, resumes, and free research Get Cleantech Blog in your email Enter your email address: Subscribe in a reader Join us on Linked In Follow us on Twitter Join us on Facebook GHGBlog.com - The Greenhouse Gas Blog Loading. The World's First Clean Motocross Race On Electric. Carlos 12:43 AM walt the memecaster said. SZ (1) 6753.T
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