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Oilprices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. An unexpected disruption could occur at any moment, as has happened in the past, leading to a sudden and sharp jump in prices. by Nick Cunningham for Oilprice.com.
China’s crude oil processing has also declined because relatively high crude oilprices are making importing crude oil more expensive. They were not granted a second batch of export quotas until August, and those quotas were relatively low.
Governments and vehicle manufacturers will need to introduce long-term incentives and price cuts to create a sustainable European market for ultra-low emission vans (ULEV), according to a newly published report by Element Energy, commissioned by the UK Department for Transport. Summary of battery pack cost projections, 2010-2030.
The oilprice 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.
This larger resource leads to about double the shale gas production and more than 20% higher total lower-48 natural gas production in 2035, with lower natural gas prices, than was projected in the AEO2010 Reference case. In 2035, the average real price of crude oil in the Reference case is $125 per barrel in 2009 dollars.
Using publicly available financial data, they applied investment analysis tools (the capital assets pricing model, CAPM) that are generally not applied to this space in order to develop a more rigorous understanding of the investment risk in the industry.
The production costs for most chemicals via microbial fermentation are currently high compared to oil-derived products primarily because of operating costs associated with feedstock and feedstock processing. One way to mitigate high feedstock cost is to maximize conversion into the bioproduct of interest. Jones, Alan G. Fast, Ellinor D.
The authors presented three process models for production of renewable aviation fuel from microalgae, Pongamia pinnata seeds and sugarcane molasses to produce a minimum selling price for aviation biofuel. Pongamia pinnata is a legume tree which produces a seed rich in oil.) million project.
When oilprices rose to new highs in the 1970s, Brazil invested in ethanol created from the its sugar cane crops. The study was funded by two grants from the National Institutes of Health, a BRASKEM/FAPESP grant, and support from ETH Bioenergia, a Brazilian company that produces ethanol and sugar from sugar cane.
Renewables increase from 13% of the mix today to 18% in 2035; the growth in renewables is underpinned by subsidies that rise from $64 billion in 2010 to $250 billion in 2035, support that in some cases cannot be taken for granted in an age of increasing fiscal austerity. Oil and the Transport Sector: Reconfirming the End of Cheap Oil.
In truth, energy industry followers would do better to read a more subdued story in Bloomberg News , titled “Drop in oilprices means no drilling in Canada’s biggest shale reserves.” The area has seen 14 exploration licenses granted and $628 million in work commitments over the last five years. WTI crude closed at $59.13
However, consumers’ willingness to purchase flex-fuel vehicles and use E85 instead of lower blends of ethanol in their vehicles will likely depend on the price of ethanol and their attitude toward biofuels. If competition for bioenergy feedstocks intensifies because of low supply, the price will likely increase.
Red Rock’s first refinery, funded in part by a $70-million Title III DPA grant from the U.S. FedEx joins Southwest Airlines, which signed a purchase agreement with RedRock in November 2014 for about 3 million gallons per year, in purchasing Red Rock’s total planned available volume of jet fuel. Earlier post.).
Reward communities that invest in electric vehicle infrastructure through competitive grants: To provide an incentive for communities to invest in EV infrastructure and remove regulatory barriers, the President is proposing a new initiative that will provide grants to up to 30 communities that are prioritizing advanced technology vehicle deployment.
And, by reducing dependence on foreign oil imports, AVTA will no longer be subject to oilprice volatility for its bus fleet—helping to create greater stability for budget forecasting for the fleet manager.
This collaboration comes at a timely moment, on the back of rising oilprices. NTU researchers will work closely with our partners to develop better catalysts, and more efficient reactors for extracting hydrogen. This will not only benefit its citizens, but also support the country’s vision of becoming a more sustainable nation.
Sustainable Development Technology Canada (SDTC) is awarding Nsolv $13 million in grant funding to commercialize its field-tested, proprietary warm solvent technology for in situ heavy oil extraction without the use of steam. Other extraction methods are not currently commercially viable at this scale. The technology.
As one example of factors contributing to that decision, a survey of projected oilprices returned values between $30 and $250 a barrel, he said.). Anderman ran a series of net present value analyses based on a range of gasoline prices, fuel saved, and pack costs.
One in four business leaders have already making use of -or are considering introducing -alternative fuel vehicles to their business operations as oilprices remain stubbornly high.
We have the environmental incentives to produce fuels and chemicals from renewable resources, but right now, they aren’t enough to compete with low oilprices. The research was funded by a grant from the US Department of Agriculture’s National Institute of Food and Agriculture. That’s the problem. Chang Dou, Devin S. 7b01000.
However, consumer demand for PEVs is quite uncertain and, barring another global spike in oilprices, may be limited to a minor percentage of new vehicle purchasers (e.g., National Goal of One Million Plug-In Electric Vehicles. Automakers could ramp up PEV production if consumer demand proves to be larger than expected.
REDDIT STUMBLE UPON MYSPACE MIXX IT Paste this link into your favorite RSS desktop reader See all CNNMoney.com RSS FEEDS ( close ) By Andy Grove April 17, 2009: 9:30 AM ET The great electric car race High oilprices, green regs, and better batteries are behind the mad dash to create the ultimate electric automobile. rivals in the dust.
These avenues include alternative pipeline capacity to support Western Canadian, Bakken, and Midcontinent crude oil movements to the Gulf Coast as well as rail to transport large volumes of crude oil to East, West, and Gulf Coast markets. Draft SEIS.
BYD’s conventional gas-powered cars are selling well these days in China, and his electric plug-in electric model looks like it will come to market with a longer range and a lower sticker price than the new Toyota Prius much-hyped Chevy Volt.
Speaking at a Press conference Menendez highlighted the problems of 2008 as an indicator of the problems that wild fluctuations in oilprices can cause, as well as the obvious problems that pollutants from dirty fuels cause for the environment.
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