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Biden authorizes release of more than 180M barrels of oil from Strategic Petroleum Reserve; 1M bpd for 6 months

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In an effort to address the rapidly increasing cost of gasoline, President Biden authorized the release of 1 million barrels of oil per day for the next six months—more than 180 million barrels—from the Strategic Petroleum Reserve (SPR). 2005 Hurricane Katrina Sale. (The 2005 Hurricane Katrina Sale. Background.

Oil 418
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DOE: US net petroleum imports negative for 2020

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In 2020, net petroleum imports (total imports minus exports) were negative for the first time since the US Energy Information Administration began tracking them—i.e., This includes crude oil and petroleum products. Net imports peaked in 2005 at 12.5 the United States exported more petroleum than it imported.

2020 389
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Rhodium Group estimates US GHG emissions rose 1.3% in 2022

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The year 2022 was marked by the emergence of longer-term economic repercussions of the COVID-19 pandemic and an unexpected war in Eastern Europe that caused turmoil in energy markets. This reversal in 2022 was largely due to the substitution of coal with natural gas—a less carbon-intensive fuel—and a rise in renewable energy generation.

Emissions 273
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CMA CGM partners with Energy Observer on hydrogen-powered shipping

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The CMA CGM Group, a world leader in shipping and logistics, is joining forces with Energy Observer , the first hydrogen-powered vessel to embark on a round-the-world voyage. Energy Observer , formerly a racing catamaran, is now an experimental platform for tomorrow’s energy sources. Earlier post.).

Hydrogen 307
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Canada targets cutting GHGs 30% below 2005 levels by 2030; new regulations for oil and gas, power, petrochemicals

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Canada Environment Minister Leona Aglukkaq announced that Canada plans to reduce its greenhouse gas (GHG) emissions by 30% below 2005 levels by 2030. Canada will continue to take cooperative action with its continental trading partners, particularly the United States, in integrated sectors of the economy, including energy and transportation.

2005 150
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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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Energy consumption by light-duty vehicles in the United States, AEO2013 and AEO2014, 1995-2040 (quadrillion Btu). LDV energy consumption declines in AEO2014 Reference case from 16.0 Delivered energy demand for heavy-duty vehicles (HDVs) in AEO2014 increases from 5.3 HDV energy demand is tempered somewhat by an average 0.5%

Oil 290
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Oil sands production accounted for 28.8% of total Canadian gas demand in 2016

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Alberta’s oil sands operations accounted for 28.8% in 2005, according to a new report by Canada’s National Energy Board (NEB). From 2005 to 2016, natural gas purchased by oil sands projects more than tripled, from 0.73 Sources: Alberta Energy Regulator and NEB. Bcf/d in 2016. Bcf/d to an estimated 8.27

Oil-Sands 150