Remove Escape Remove Oil Prices Remove Oil-Sands
article thumbnail

Increase in US rig count will not cap oil prices

Green Car Congress

The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. So this avenue to escape the war didn’t work for the book’s main character John Yossarian. oil rig count as a precursor of when US LTO would fall.

article thumbnail

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

Millions of EVs and PHEVs would expand the sale of electricity as an alternative to oil. No more Big OIL - think of the extra money stimulating the economy! Let the Interstate trucks and farm equipment stay on oil until the residential is done and slowly begin to move them as their fleets age out. Then we are done! Email Neal.

Grid 28