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Opinion: This Is What Needs To Happen For Oil Prices To Stabilize

Green Car Congress

On September 10 th , the EIA reported a production decline in the Lower 48—essentially shale production—of 208,000 BOPD (barrels of oil per day). Rather, Goldman Sachs was grabbing all the headlines with its $20 call on oil. Pundits will claim otherwise, suggesting that oil in the 50s or 60s will spur activity.

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MIT study cautions smaller nations on rushing to develop their natural gas resources; Cyprus as model

Green Car Congress

The report explored three major options for monetizing the resource: an onshore LNG plant; a transnational undersea pipeline; and the deployment of a CNG marine transport system. While natural gas is often cheaper than oil and gives off fewer emissions, developing the resource comes with risks, especially for smaller nations.

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