Green Car Congress

JUNE 24, 2015

This also demonstrates how the OPEC strategy of maintaining an oil price ceiling is affecting US E&P companies, forcing a consolidation which I believe will be unprecedented in size and scope. Expect the dollar to weaken considerably, breaching the 2015 lows thus supporting oil prices now and into 2016.

Oil 150

Oil Industry Industrial 2016 150

Green Car Congress

JULY 12, 2021

bp released the 70 th annual edition of the bp Statistical Review of World Energy ; the data collected in this year’s edition includes energy data for 2020. The oil price (Dated Brent) averaged $41.84/bbl Global oil demand fell 9.3%, with the largest falls seen in the US (-2.3 The US (-2.3 Source: bp.

2020 397

2020 Oil Saudi Arabia Energy 397

Green Car Congress

JULY 17, 2012

Put simply, the empirical results merely reflect the fact that ethanol production increased during the sample period whereas the ratio of gasoline to crude oil prices decreased. Because ethanol production increased smoothly during the sample period, statistical analysis with this variable is fraught with danger.

Davis 334

Davis MIT Gasoline 2010 334

Green Car Congress

JUNE 13, 2012

seen in 2010, according to the newly released BP Statistical Review of World Energy, 2012. The “Arab Spring” affected oil and gas supplies—most notably the complete, albeit temporary, loss of Libyan supply—while the tragic Fukushima accident in Japan had knock-on effects for nuclear and other energy sources around the world.

Coal 261

Coal Oil Renewable Saudi Arabia 261

Green Car Congress

APRIL 18, 2020

Within the US , an analysis of weekly new vehicle registration statistics, available sooner than full-month production figures, confirms the expected direction of the market and shows a strong fall in the last two weeks of March, with a sizable decline as the COVID-19 situation evolved around the US.

2020 191

2020 Commercial Global Production 191

Green Car Congress

APRIL 6, 2017

billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 Russia’s exploration activities, which were hit not only by plummeting oil prices but also by a targeted sanctions regime, suffered a double blow during this period. In 2016, only 3.7 percent of global proved reserves.

Russia 150

Russia Oil 2016 Oil Prices 150

Green Car Congress

JUNE 20, 2012

A consensus is developing that global oil production is less likely to come to a sharp peak and more likely to hit a plateau that might continue for some decades and then slowly decline. In response to these high prices, demand will moderate as petroleum consumers look for transportation options that are more energy efficient.

Oil-Sands 225

Oil-Sands Price Turkey Fuel 225

Green Car Congress

OCTOBER 6, 2015

Putin has highlighted on various occasions the contribution Russia’s mineral wealth, in particular oil and natural gas, must make for Russia to be able to sustain economic growth, promote industrial development, catch up with the developed economies, and modernize Russia’s military and military industry. Natural gas data from Gazprom).

Russia 150

Russia Saudi Arabia Iran Iraq 150

Wallbox

JANUARY 4, 2021

Moreover, with the massive drop in oil prices , gas-powered vehicles are more economical to operate, which makes it harder to argue that EVs will help drivers save money on fuel. Additionally, consumers are likely to opt for more economical choices when possible, avoiding premium consumer goods.

Economy 52

Economy Electric Vehicles Vehicles Electrical 52