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

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And these are only some of the challenges, the biggest being the cost of ramping up without cash flow to rely on. Taxes don't go away and then there's debt. And markets won’t wait to adjust pricing until we hit a balance. There will be some foreshadowing in oil prices here. Health insurance is going up.

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Purdue analysis finds H2Bioil biofuel could be cost-competitive when crude is between $99–$116/barrel

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Three different carbon tax scenarios are analyzed: no carbon tax, $55/metric ton carbon tax and $110/metric ton carbon tax. This break-even crude oil price compares favorably with the literature estimated prices of fuels from alternate biochemical and thermochemical routes. —Singh et al.

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Petrobras says it is expanding oil and gas production in the pre-salt in “economically viable” manner

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Responding to press articles saying that the collapse of the global oil price is threatening oil and gas production in the off-shore Brazil pre-salt layer, Petrobras countered that it is expanding its production capacity “in an economically viable manner.” On Tuesday, 6 January, the price for WTI crude closed at $47.93/bbl,

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VTT study concludes gasification-based pathways can deliver low-carbon fuels from biomass for about 1.90-2.65 US$/gallon

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The horizontal red lines show the comparable price of gasoline (before tax, refining margin 0.3 $/gal, exchange rate: 1 € = 1.326 $) with crude oil prices 100 $/bbl and 150 $/bbl. The UCG process was developed for the production of low-cost synthesis gas from biomass. Source: VTT. 0.7 €/liter (app. 0.7 €/liter.

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Why Is The Shale Industry Still Not Profitable?

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The firm said that in the third quarter of 2017, the “average operating cost per barrel has broadly remained the same without any efficiency gains.” Not only that, but the cost of producing a barrel of oil, after factoring in the cost of spending and higher debt levels, has actually been rising quite a bit.

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Biosyncrude Gasification Process Could Produce Motor Fuel at Cost of Around $3/gallon

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A crude oil price of US$100/bbl results in an approximate cost of €0.56/L gallon US) without tax for conventional motor fuel. With ±30% estimate error, this is between €0.56 per liter (US$2.72-5.03/gallon gallon US), they note in a paper published in the journal Biofuels, Bioproducts & Biorefining.

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The Next Big Offshore Boom Is About To Happen in Brazil

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The auction was closely watched as a gauge of sentiment towards Brazilian oil exploration projects after a decade of Petrobras’ reign in the country’s continental shelf. After the oil price collapse and a huge corruption scandal, Petrobras has struggled to stay afloat, let alone find the billions of investments needed to develop new deposits.

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