Green Car Congress

APRIL 23, 2018

Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. Source: IHS Markit 2018. —Spencer Welch.

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Oil Global 2003 2007 276

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MAY 2, 2013

The United States Geological Survey (USGS) released an updated oil and gas resource assessment for the Bakken Formation and a new assessment for the Three Forks Formation in North Dakota, South Dakota and Montana, resulting in a two-fold increase in the estimated technically recoverable oil, and a three-fold increase in estimated natural gas.

Oil 257

Oil North Dakota Gas South Dakota 257

Green Car Congress

FEBRUARY 20, 2016

These were the highest January deliveries in eight years, since 2008. Crude oil production decreased 1.4% Crude oil imports increased 8% from January 2015 to 7.7 Crude oil stocks ended in January at 501.6 Distillate fuel oil stocks ended at 161.5 Distillate fuel oil stocks ended at 161.5 At nearly 3.6

2008 150

2008 Gasoline North Dakota 2015 150

Green Car Congress

DECEMBER 5, 2014

The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. As is the nature of the junk-bond market, lots of money flowed to companies with much riskier drilling prospects than, say, the oil majors. The situation will compound itself if oil prices stay low.

Oil Prices 270

Oil Prices Oil Price North Dakota 270

Green Car Congress

FEBRUARY 4, 2012

The US Bureau of Land Management (BLM) has published the Notice of Availability (NOA) of the Draft Programmatic Environmental Impact Statement (PEIS) and Possible Land Use Amendments for Allocation of Oil Shale and Tar Sands Resources on Lands Administered by the BLM in Colorado, Utah and Wyoming.

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Oil-Sands Oil Available Commercial 252

Green Car Congress

DECEMBER 22, 2020

The graph below shows the effect of the oil embargo in the early 1980s. From 2002 to 2008, the price of gasoline rose substantially, but then fell sharply in 2009 during the economic recession. In 2012, prices reached the highest level in both current and constant dollars but began a steep decline thereafter.

Gasoline 418

Gasoline Price 2019 2002 418

Green Car Congress

NOVEMBER 21, 2019

Biomass technology group BTG plans to set up a new high-tech technology company that can convert crude pyrolysis oil into diesel fuel suitable for the shipping sector. It will be the first refinery in the world for an advanced marine biofuel based on pyrolysis oil. The new facility will be operated by a new company named BTG-neXt.

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Oil Convert Mariner Fuel 186

Green Car Congress

FEBRUARY 18, 2013

Peugeot 2008 HYbrid Air. Like its group partner Citroën ( earlier post ), Peugeot will display an application of the new Hybrid Air technology ( earlier post )—the 2008 HYbrid Air—at the upcoming Geneva show. The energy tank can be seen in the central tunnel, and the low-pressure tank at the rear. Click to enlarge.

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2008 Hybrid Gasoline Engine 291

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JUNE 26, 2009

in 2008, against 3.3% In addition to high oil prices and the financial crisis, the increased use of new renewable energy sources, such as biofuels for road transport and wind energy for electricity generation, had a noticeable and mitigating impact on CO 2 emissions. billion tonnes in 2008. Source: PBL. Click to enlarge.

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2008 Oil Renewable Emissions 170

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APRIL 27, 2012

The majority (62%) of the plantations were located on the island of Sumatra, and more than two-thirds (69%) of all industrial plantations were developed for oil palm cultivation, with the remainder mostly being Acacia plantations for paper pulp production. Earlier post.). —Dr.

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Oil-Sands Oil Emissions Climate 314

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JANUARY 9, 2018

EST completely converts refinery residues, heavy oils and bitumen into high-quality light products, eliminating the production of both liquid and solid refinery residues (for example, pet-coke or fuel oil). Eni slurry technology: A new process for heavy oil upgrading.” Delbianco, A & Meli, S & Tagliabue, Lorenzo & Panariti, N.

Oil 150

Oil Convert Light Oil-Sands 150

Green Car Congress

OCTOBER 17, 2009

World production of fossil fuels—oil, coal, and natural gas—increased 2.9% in 2008 to reach 27.4 million tons of oil equivalent (Mtoe) per day, according to a Worldwatch Institute analysis. Energy prices reflected this shift: oil peaked at $144 per barrel in July, then fell to $34 per barrel in December. Mbpd in 2005.

2008 150

2008 Oil-Sands Production Fuel 150

Green Car Congress

AUGUST 15, 2011

between 2008 and 2009 due to the global financial crisis, global oil consumption recovered by 3.1% About one third of this growth came from China, which now uses more than 10% of the world’s oil. of total oil consumption in 2010. of total oil consumption in 2010. After falling 1.5% million barrels per day in 2009.

Oil 287

Oil Global Oil-Sands Saudi Arabia 287

Green Car Congress

APRIL 11, 2009

In its latest Oil Market Report (10 April), the International Energy Agency revised down forecast 2009 oil demand by 1.0 mb/d below 2008. The pace of contraction is close to early 1980s levels, the IEA said, with a growing consensus that economic and oil demand recovery will be deferred to 2010. mb/d in 2008 to 50.3

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2008 Oil 2009 Supplies 150

Green Car Congress

MARCH 31, 2014

Five states (Texas, North Dakota, California, Alaska, and Oklahoma) and the Gulf of Mexico supplied more than 80%, or 6 million barrels per day, of the crude oil (including lease condensate) produced in the United States in 2013, according to the US Energy Information Administration (EIA). Total US crude oil production grew 15% in 2013 to 7.4

North Dakota 220

North Dakota Mexico Oil Oklahoma 220

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MARCH 13, 2017

billion barrels of recoverable light oil in the Nanushuk play in Alaska’s North Slope. Spain-based integrated global energy company Repsol has been actively exploring Alaska since 2008, and since 2011 the company has drilled multiple consecutive discoveries on the North Slope along with partner Armstrong. billion barrels.

Alaska 170

Alaska Oil Energy Spain 170

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JANUARY 7, 2018

ExxonMobil Corporation announced positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015. billion recoverable oil-equivalent barrels. Wood Mackenzie currently expects around 350,000-400,000 b/d of oil production (just oil, not factoring in natural gas) by 2026 from there.

Guyana 150

Guyana Oil South America Suriname 150

Green Car Congress

AUGUST 7, 2015

Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. Now a prevailing sense that oil prices may stay lower for longer has hit the markets. In other words, oil traders are now feeling much gloomier about oil prices several years out than they were at the beginning of 2015.

Oil 150

Oil Saudi Arabia Supplies Oil Prices 150

Green Car Congress

JULY 11, 2016

Oil production from the Organization of the Petroleum Exporting Countries (OPEC) crude oil output surged 300,000 barrels per day (b/d) in June, close to an eight-year high of 32.73 Nigerian production hit 30-year lows in May as militancy continued in the country’s oil rich Niger Delta. The situation remains volatile.

Saudi Arabia 150

Saudi Arabia 2008 Iran Nigeria 150

Green Car Congress

MAY 16, 2017

announced that its Universal Biofuels subsidiary has won a $6-million first contract to supply biodiesel to the India government-owned Oil Marketing Companies (OMC) in a public tender process. The plant was constructed in 2008 and was expanded to produce refined glycerin in 2013. Aemetis, Inc.

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India Oil Supplies Companies 150

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JANUARY 7, 2021

A modest increase between 2004 and 2008 (from 19.6 A minor increase between 2008 and 2019 (from 21.8 In terms of fuel consumption per distance driven, the change between 1973 (the year of the first oil embargo) and 1991 (from 7.75 In comparison, the change between 2008 and 2019 (from 4.59 mpg for both years). per year.

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Fuel Economy 2019 Economy Light 435

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FEBRUARY 5, 2013

Neste Oil has decided to build an isomerization unit at its Porvoo refinery. In addition to its importance for Neste Oil, the new unit represents a major industrial investment nationally in Finland. —Matti Lehmus, Neste Oil’s Executive Vice President, Oil Products and Renewables.

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Gasoline Oil Finland Production 199

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APRIL 20, 2013

Crude oil imports from the top five foreign suppliers to the United States—which in 2012 were Canada, Saudi Arabia, Mexico, Venezuela, and Iraq, in that order—accounted for almost 72% of total US net crude oil imports, the highest proportion since 1997, according to the US Energy Information Administration (EIA).

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Saudi Arabia Oil Iraq Venezuela 262

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OCTOBER 1, 2012

The cost associated with replacing a barrel of produced oil has risen from $6 per barrel in 1998 to $27 per barrel in 2011, according to Lux Research—an increase of 350%. Unconventional oil will be a key area of focus for producers. will be in the oil sands. Cost to replace each barrel of oil produced.

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Oil Oil-Sands Cost Of Oil Prices 225

Green Car Congress

SEPTEMBER 20, 2011

Worldwide energy consumption will grow by 53% between 2008 and 2035 with much of the increase driven by strong economic growth in the developing nations, especially China and India, according to the reference case in the newly released International Energy Outlook 2011 (IEO2011) from the US Energy Information Administration (EIA).

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Oil-Sands Oil 2008 Oil Prices 220

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AUGUST 12, 2016

The first peer-reviewed study to directly quantify how emissions from oil and natural gas (O&NG) activities influence summertime tropospheric ozone (O 3 ) pollution in the Colorado Front Range confirms that chemical vapors from oil and gas activities are a significant contributor to the region’s chronic ozone problem. McDuffie et al.

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Ozone Oil Gas Emissions 150

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DECEMBER 26, 2009

China’s National Bureau of Statistics (NBS) has revised key economic figures for 2008 following its second national economic census, including gross domestic product (GDP) growth rate, energy use growth rate, and rate of reduction in energy use per unit of GDP. The country’s 2008 GDP growth rate has been revised upward from 9.0

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2008 China Energy Coal 225

Green Car Reports

MAY 4, 2020

The International Energy Agency (IEA) predicts that global energy demand will fall 6% in 2020—seven times the decline seen after the 2008.

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Renewable Oil 2008 2020 152

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APRIL 24, 2015

Even as financial commentators on CNBC are starting to come around to the idea of a bottom in oil prices, the key question for US oil producers remains one of timing. How long will the oil price slump last? Is this a relatively short term event like 2008, or a longer term slump like the one in the mid 1980’s?

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Saudi Arabia Oil Prices Oil Price 150

Green Car Congress

MAY 19, 2011

The US Geological Survey will update its 2008 estimate of undiscovered, technically recoverable oil and gas in the US portion of the Bakken Formation, an important domestic petroleum resource located in North Dakota and Montana. The 2008 USGS assessment estimated 3.0 The 2008 USGS assessment estimated 3.0 Source: USGS.

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North Dakota Oil Montana 2008 186

Green Car Congress

MARCH 21, 2014

Secretary of the Interior Sally Jewell announced that the latest oil and gas lease sales for federal waters in the Gulf of Mexico garnered $872,143,771 million in high bids on 329 tracts covering 1,707,358 acres. The area will be offered to industry again in 2016 under the current Five Year Offshore Oil and Gas Leasing Program.

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Mexico Oil Sale Gas 268

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FEBRUARY 6, 2011

Increasing crude processing intensity and energy intensity with worsening oil quality. OQ: Crude feed oil quality. Observations are annual weighted averages for districts 1 (yellow), 2 (blue), 3 (orange), and 5 (black) in 1999-2008. PI: Crude processing intensity. EI: Refinery energy intensity. Credit: ACS, Karras et al.

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Oil Oil-Sands Emissions Hydrogen 287

Green Car Congress

JANUARY 3, 2014

An article in the latest issue of IEA Energy: The Journal of the International Energy Agency reports that Estonia, which has the most developed oil shale industry in the world, is collaborating in pursuing wider use of oil shale in a cleaner, more sustainable manner. Different that shale oil—i.e., million (US$12.8

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Estonia Oil Cleaner Jordan 236

Green Car Congress

DECEMBER 10, 2013

one of the world leaders in algae-based “Green Crude” oil production, and Phillips 66, an integrated energy manufacturing and logistics company, have entered a strategic joint development agreement aimed at taking production of algae crude oil a significant step toward commercialization. San Diego-based Sapphire Energy, Inc.,

Oil 199

Oil Energy San Diego Columbus 199

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JULY 19, 2014

Petrobras’s June oil production in Brazil averaged 2,008 thousand barrels/day (bpd), up 1.7% The company’s oil and natural gas production in Brazil in the same month was 2,426 thousand barrels of oil equivalent per day (boed), indicating a 1.6% from May’s production of 1,975 thousand bpd. rise from May (2,387 thousand boed).

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Brazil Oil Gas Production 265

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JUNE 26, 2015

In a new, comprehensive study, a team from Argonne National Laboratory, Stanford University and UC Davis ITS has estimated the well-to-wheels (WTW) GHG emissions of US production of gasoline and diesel sourced from Canadian oil sands. g CO 2 e/MJ for US conventional crude oil recovery. This range can be compared to ∼4.4

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Oil-Sands Oil Gasoline Emissions 150

Green Car Congress

JUNE 19, 2012

Japan’s Ministry of Economy, Trade and Industry (METI) will begin test drilling for oil and natural gas in the Sea of Japan off the coast of Niigata Prefecture in April 2013. METI hopes to discover Japan’s largest reserves of these resources—possibly the size of intermediate oil fields in the Middle East, according to METI.

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Japan Oil 2013 South Korea 239