Green Car Congress
JANUARY 21, 2015
US oil and gas rig counts dropped to their lowest level in over four years, falling by an additional 74 units for the week ending on January 16. The lower count provides fresh evidence that low oil prices are forcing drillers to pare back operations and slash spending. With weak demand, drillers can negotiate down rig prices.
Green Car Congress
APRIL 25, 2010
Shanghai Diesel Engine Company is owned by Shanghai Automotive Industrial Corporation (SAIC), one of the top three automotive corporations in China. At current oil prices, DME can be produced and distributed at less than 1/2 the cost of conventional fuel. Alternative Fuel Technologies, Inc.
Green Car Congress
AUGUST 27, 2013
In 2011 and 2012, higher oil prices and increased fuel efficiency of light-duty vehicles contributed to reduced US consumption. Increased consumption in 2010 reflected improving economic conditions.
Green Car Congress
NOVEMBER 30, 2011
The Panasonic Group will supply the lithium-ion batteries for Toyota Motor Corporation’s Prius Plug-in Hybrid. Given the growing public concern for conserving the environment and escalating oil prices, the demand for rechargeable batteries for eco-friendly vehicles is expected to grow rapidly. Earlier post.)
Green Car Congress
MAY 17, 2012
Following a world survey of the marine industry, Zeus Development Corporation has identified 63 LNG-fueled ships in operation or under development, up from 48 units last December. High oil prices, impending emissions regulations and technical advancements are propelling the market faster than we expected.
Green Car Congress
AUGUST 23, 2012
The new report— Oil & Gas Capital Expenditure Outlook, H1 2012 —forecasts that the total oil and gas capex will increase by 13.4% this year over the 2011 total of $916 billion, as oil companies intensify upstream operations across locations as diverse as offshore Brazil, the Gulf of Mexico and the Arctic Circle.
Green Car Congress
JULY 14, 2011
In oil, as in other commodities, demand responses to higher prices and to policy initiatives are typically asymmetric, Ricardo notes; many of the driving forces that are now beginning to act against future oil demand growth will not reverse, and others will not fully reverse even if oil prices should fall back.
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