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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. So, enjoy low fuel prices while you can, but don’t expect them to last forever.
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.
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.
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.
Our research proved that poplar coppice can be a good option to meet the cheap, high-volume criteria of biofuel feedstock. Alternative fuels must make economic sense, the researchers stress, for biofuels to make a dent in the petroleum-driven market. That’s the problem.
With its headquarters in Vienna, Austria, one of the mandates of 12-member OPEC is to “ensure the stabilization of oilmarkets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.”
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.
Energy & Fuel: Fossil fuel markets are likely to become more volatile and unpredictable because of higher global energy demand; changes in the geographical pattern of consumption; supply and production uncertainties and increasing regulatory interventions related to climate change. The Nexus approach.
Internationally, Saudi Arabia also faces conflicting priorities for its crude oil. It finds itself oscillating between cutting crude oil production to prop up prices and maintaining high levels of exports to defend its share of the crude market from competing suppliers.
With Saudi Arabia's refined fuel contributing to the global supply glut, what will be its impact on the refining markets especially those in Asia? How will Saudi Arabia Capture Market Share Downstream? The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil.
Alternative technologies, such as hybrid and electric vehicles that use oil more efficiently or not at all, continue to advance but they take time to penetrate markets. Short-term pressures on oilmarkets are easing with the economic slowdown and the expected return of Libyan supply. billion in 2035. Click to enlarge.
According to a new report from Pike Research, algae biofuels production will grow rapidly over the next decade, reaching 61 million gallons per year and a market value of $1.3 Pike Research anticipates that, with 50% of all algae activity, the United States is poised to ramp up production the earliest among world markets.
Winterkorn also emphasized that Volkswagen remains committed to its environmental goals, and noted that the present low level of oilprices would not change that. Oil will not be as cheap as it is at the moment for ever. The CO 2 limits apply irrespective of fuel prices. The Volkswagen Group delivered over 1.5
Millions will plug-in their electric vehicles (EV), plug-in hybrids (PHEV) and fuel cell vehicles (FCV) at night when electricity is cheap, then plug-in during the day when energy is expensive and sell those extra electrons at a profit. In the future, utilities will pay you to plug-in your vehicle. Carlos 12:43 AM walt the memecaster said.
The collapse of oilprices has forced the US shale industry to slash production costs. The same is true for high-grading—drilling the best spots today makes it appear as if the basin is getting more productive, leaving the markets with the impression that the shale play can produce indefinitely.
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.
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