Green Car Congress

DECEMBER 10, 2015

With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now appears that oil prices could remain below $50 a barrel for a year or more. And that is going to severely hurt an all but invisible group; strippers in the United States.

Oil Prices 150

Oil Prices Oil Price 2002 150

Green Car Congress

JANUARY 21, 2015

US oil and gas rig counts dropped to their lowest level in over four years, falling by an additional 74 units for the week ending on January 16. The lower count provides fresh evidence that low oil prices are forcing drillers to pare back operations and slash spending. Source: [link].

Oil Prices 150

Oil Prices Oil Price Mexico 150

Green Car Congress

MAY 11, 2022

Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). in the United States this summer (June–August) compared with the summer of 2021. —EIA Administrator Joe DeCarolis. and by 1.5%

Oil 344

Oil Price Production Oil Prices 344

Green Car Congress

AUGUST 7, 2020

Phase II of the recovery (the “just-in-time oil market” phase) is a delicate transition phase in which surplus inventories are worked down in parallel with rising supply as spare supply capacity returns from Vienna Alliance and North American producers. —Roger Diwan, vice president financial services, IHS Markit.

Saudi Arabia 186

Saudi Arabia Oil Oil Prices Price 186

Green Car Congress

APRIL 20, 2022

As outlined in EIA’s Summer Fuels Outlook , a supplement to the April 2022 Short-Term Energy Outlook , the agency expects the ongoing effects of the COVID-19 pandemic will have a smaller effect on gasoline and diesel consumption in the United States during the 2022 summer season compared with the past two summers.

Gasoline 259

Gasoline 2014 Diesel Price 259

Green Car Congress

JANUARY 24, 2017

If West Texas Intermediate (WTI) crude oil prices stabilize at or above $60 per barrel, major parts of the United States shale sector that are currently dormant will ramp up, according to an analysis by experts in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. Baker III and Susan G.

Oil Prices 150

Oil Prices Oil Oil-Sands Price 150

Green Car Congress

AUGUST 15, 2018

The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil. by Tsvetana Paraskova for Oilprice.com.

Saudi Arabia 150

Saudi Arabia Iran Oil Prices Oil 150

Green Car Congress

NOVEMBER 7, 2014

And while oil prices slumped in October, drilling activity continues to rise, according to Baker Hughes , the third-largest oil services company. RBC Capital Markets estimates that 20,061 horizontal wells will be drilled in the United States alone this year, with that number increasing by well over 1,000 in 2015.

Oil 261

Oil Oil Prices Texas United States 261

Green Car Congress

AUGUST 27, 2013

If China’s use of petroleum continues to grow as projected, it is expected to replace the United States as the world’s largest net oil importer this fall. Petroleum use in North America, which is dominated by consumption in the United States, has declined since 2005. North America.

North America 261

North America 2012 America Europe 261

Green Car Congress

JUNE 2, 2022

The reason is that, in the United States, oil is used to generate less than 1% of electricity. Therefore, the recent jump in oil prices (because of the war in Ukraine), should have only a relatively small indirect effect on the cost of electricity.

Gasoline-Electric 321

Gasoline-Electric Gasoline Cost Of Diesel 321

Green Car Congress

JUNE 16, 2021

In the June Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) forecasts that rising global production of petroleum and other liquid fuels (driven by OPEC, Russia, and the United States) will limit price increases for global crude oil benchmarks Brent and West Texas Intermediate (WTI).

Oil 243

Oil Global Price Production 243

Green Car Congress

JULY 18, 2020

The Mobility Dynamic Index Forecast Module identifies the changes in travel mobility caused by the evolution of the COVID-19 pandemic and government orders, and it projects the changes in travel mobility indices relative to the pre-COVID-19 period in the United State.

Gasoline 505

Gasoline Motoring Motors Motor 505

Green Car Congress

JULY 25, 2013

With prices expected to increase in the long term, however, the world oil price in real 2011 dollars reaches $106 per barrel in 2020 and $163 per barrel in 2040, according to IEO2013. The largest components of future non-petroleum liquid fuels production are biofuels in Brazil and the United States, at 0.7

2010 317

2010 Transportation Fuel Energy 317

Green Car Congress

SEPTEMBER 21, 2015

That’s just the United States. And markets won’t wait to adjust pricing until we hit a balance. There will be some foreshadowing in oil prices here. Each of the 3 stages needed to move to a sustainable price have to be given time to play out. Taxes don't go away and then there's debt.

Oil Prices 150

Oil Prices Oil Oil-Sands Price 150

Green Car Congress

SEPTEMBER 20, 2011

In addition to technological advances, price developments play a key role in determining overall energy usage, Worldwatch notes. World crude oil prices more than tripled between 2004 and 2008—the fastest rise since the oil crisis of the late 1970s—contributing to the sharp decline in energy intensity during that period.

2010 246

2010 Global Energy 2008 246

Green Car Congress

JULY 26, 2013

The price disparity between crude oil and other resources, coupled with the emergence of cheap and abundant shale gas, especially in the United States, is opening up opportunities to produce cheaper gasoline, according to a new report from Lux Research.

Waste 236

Waste Gasoline Gas Fuel 236

Green Car Congress

NOVEMBER 13, 2013

High oil prices, persistent differences in gas and electricity prices between regions and rising energy import bills in many countries focus attention on the relationship between energy and the broader economy. Demand for mobility and for petrochemicals keeps oil use on an upward trend to 2035, although the pace of growth slows.

Oil 275

Oil 2013 Energy Emissions 275

Green Car Congress

JULY 20, 2012

savings stimulated by high oil prices led to a decrease of 3% in CO 2 emissions in the European Union and of 2% in both the United States and Japan. The United States remain one of the largest emitters of CO2, with 17.3 the United States (16%). tonnes per capita. the European Union (11%).

2011 236

2011 Emissions CO2 Global 236

Green Car Congress

AUGUST 26, 2009

While traffic volumes have shown some year-over-year gains earlier this year, June marks the first month when driving was higher in all regions of the United States and on all types of roads. US traffic volumes started declining in November 2007 as oil prices rose and experienced dramatic drops in 2008.

Miles 210

Miles Vehicles Oil Prices 2009 210

Green Car Congress

AUGUST 30, 2009

The oil price 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. by Brian J.

Transportation 317

Transportation Fuel Renewable Gasoline-Electric 317

Green Car Congress

OCTOBER 7, 2021

The fast-growing economies in Asia could combine to become the largest importer of natural gas and crude oil by 2050, given their significant increase in energy consumption. Projections for the United States in IEO2021 are consistent with those released in the Annual Energy Outlook 2021. —Stephen Nalley.

Global 259

Global Emissions Energy Asia 259

Green Car Congress

OCTOBER 27, 2010

Pike Research anticipates that, with 50% of all algae activity, the United States is poised to ramp up production the earliest among world markets. Countries with significant dependence on foreign imports of oil will likely show increased interest in algae-based biofuels if oil prices continue to rise over the next decade.

2020 319

2020 Production Water Oil Prices 319

Green Car Congress

MAY 24, 2012

India’s emissions rose by 140 Mt, or 8.7%, moving it ahead of Russia to become the fourth largest emitter behind China, the United States, and the European Union. Despite these increases, per-capita CO 2 emissions in China and India still remain just 63% and 15% of the OECD average respectively.

2011 230

2011 Emissions Global CO2 230

Green Car Congress

SEPTEMBER 7, 2012

Calumet is a specialty petroleum products manufacturer, operating 135,000 bpd of refining capacity in the United States, and producing some 1,500 different products. Oxford Catalysts Group PLC has been selected to supply Calumet Specialty Product Partners, L.P.

Supplies 225

Supplies Commercial North America Pennsylvania 225

Green Car Congress

AUGUST 6, 2015

A flood of bearish news has pushed down oil prices to their lowest levels in months, with WTI nearing $45 per barrel and Brent flirting with sub-$50 territory. With a bear market back, there is pessimism throughout the oil markets. Also, the ban on oil exports kept oil stuck within US borders.

Oil Prices 150

Oil Prices Oil United States North America 150

Green Car Congress

NOVEMBER 15, 2014

The IEA predicts that the world will need to extract an additional 14 million barrels of oil per day (bpd) by 2040, which comes on top of today’s production levels of about 90 million bpd. Under that assumption, oil prices would rise only a modest amount over that timeframe. million bpd by 2035.

Oil 257

Oil Iraq Oil-Sands Supplies 257

Green Car Congress

MAY 26, 2009

The brief concentrates on six topics: climate change policy, carbon capture and storage policy, oil security policy, energy-technology innovation policy, electricity market structure, and infrastructure policy. The United States cannot afford to wait any longer to enact long-term policies on these topics. Oil security policy.

Energy 150

Energy Price Oil Prices Climate Change 150

Green Car Congress

AUGUST 24, 2018

Although favorable geology combined with technological and operational improvements have contributed to the Permian region becoming one of the more economically favorable regions for crude oil production in the United States, recent pipeline capacity constraints have dampened wellhead prices for the region’s oil producers.

2019 236

2019 Oil Production 2018 236

Green Car Congress

JANUARY 16, 2012

United States M&A activity for upstream oil and gas deals set records in 2011 for both deal values and deal counts, according to PLS, Inc., a provider of information, marketing and advisory services for the oil and gas industry. billion in October, creating North America’s largest midstream company.

El Paso 225

El Paso 2011 Oil Gas 225

Green Car Congress

MAY 24, 2022

On 16 May 2022, the average US on-highway retail diesel fuel price was $5.61 Although retail diesel prices have increased across the entire United States, prices in the Northeast have increased the most and are now among the highest in the country. On 16 May, the average retail diesel price was $6.43/gal

Diesel 259

Diesel Price California Philadelphia 259

Green Car Congress

APRIL 27, 2017

Between January 2016 and March 2017, oil production in the Permian Basin increased in all but three months, even as domestic crude oil prices fell. As production in other regions fell throughout most of 2015 and 2016, the Permian provided a growing share of US crude oil production.

Oil 170

Oil Production New Mexico Oil Prices 170

Green Car Congress

SEPTEMBER 5, 2011

Although oil and gas have been produced in the Arctic region for years, many of the vast oil and gas fields that initiated interest in the Arctic are in decline. The high oil price is again driving investment in E&:P in this region as the focus gradually moves offshore from the prolific onshore areas.

Oil 199

Oil Market Gas Production 199

Green Car Congress

MAY 13, 2015

The resulting crash in oil prices is forcing some production out of the market, and Saudi Arabia intends for the brunt of that to be borne by others. There is a lag between movements in the oil price and corresponding changes in production. But the effects of the oil price crash are now being felt.

Saudi Arabia 150

Saudi Arabia Oil Prices Oil Price 150

Green Car Congress

NOVEMBER 7, 2019

US shale production—the chief source of rapid growth that made the United States the world’s largest oil producer—is slowing down fast, says a new report by IHS Markit. It all represents the strongest headwinds for shale producers since the oil price collapse in 2015. —Raoul LeBlanc.

Oil 170

Oil Price Oil Prices Production 170

Green Car Congress

FEBRUARY 5, 2014

On the drop-in side, major stakeholders such as the airline industry and US DOD will continue to spur development of the technology, driving the price per gallon down to competitive levels.

Global 231

Global Market Fuel Brazil 231

Green Car Congress

OCTOBER 2, 2019

The low levels in discoveries come as a result of a pullback during the past 10 years in the wildcat drilling that targets conventional oil and gas plays—most drastically after oil prices collapsed in 2014. —Keith King, senior advisor at IHS Markit and a lead author of the IHS Markit E&P trends analysis.

Oil 199

Oil Gas Oil Prices Water 199

Green Car Congress

MARCH 13, 2016

Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices.

Argentina 150

Argentina Oil Oil Prices Chevron 150