Green Car Congress

OCTOBER 23, 2014

There were 19 oil rigs that were removed from operation as of Oct. There are now 1,590 active oil rigs, the lowest level in six weeks. We could easily see the oil rig count down 100 by the end of the year, or more.” Some of the more expensive shale regions will not be profitable at current prices.

Oil Prices 247

Oil Prices Oil Saudi Arabia Oil-Sands 247

Green Car Congress

NOVEMBER 23, 2017

In January 2015 Sasol announced it was delaying a final investment decision on the proposed project near Lake Charles, Louisiana to conserve cash in response to lower oil prices. The estimated cost of the project ranges between $13 billion and $15 billion.

Oil Prices 150

Oil Prices Louisiana South Africa Oil 150

Green Car Congress

AUGUST 30, 2009

The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil. by Brian J.

Transportation 317

Transportation Fuel Renewable Gasoline-Electric 317