2011, 2020, Oil Prices and Price

EIA: US crude oil exports reached record levels in 2020 and remain high in 2021

Green Car Congress

JULY 21, 2021

Despite volatility in global oil markets, US crude oil exports reached a record high in 2020, according to the US Energy Information Administration (EIA). As of 9 July 2021, US crude oil exports have averaged 3.00 The most recent four-week rolling average of US crude oil exports reached 3.51

Oil

Oil 2020 Oil Prices 2015

$10-Trillion Investment Needed To Avoid Massive Oil Price Spike Says OPEC

Green Car Congress

DECEMBER 30, 2015

The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. On the one hand, OPEC does not see oil prices returning to triple-digit territory within the next 25 years, a strikingly bearish conclusion. mb/d for 2035 to 2040.

Oil Prices

Oil Prices Oil Price Climate Change

Supply Crunch Or Oil Glut: Investment Banks Can’t Agree

Green Car Congress

APRIL 15, 2017

shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street’s major investment banks. In recent years, U.S.

Oil

Oil Supplies Oil Prices 2017

IHS Markit: US poised to be world’s largest LNG exporter in 2022 as China becomes top LNG importer

Green Car Congress

JANUARY 6, 2022

Average utilization for US plants climbed from 43% in third quarter 2020 to 98% in third quarter 2021. A new map of LNG is taking shape as 2021 became the year of rapid recovery, making the oversupply and price lows of 2020 seem like a distant memory. Spot LNG prices have soared past previous records. MMt set in 2014.

Qatar

Qatar China United States Brazil

Harvard Kennedy School researcher forecasts sharp increase in world oil production capacity and risk of price collapse

Green Car Congress

JUNE 27, 2012

World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Source: Maugeri 2012.

Oil

Oil Oil-Sands Price Production

EIA Energy Outlook 2011 more than doubles estimates of US shale gas resources; higher production at lower prices

Green Car Congress

DECEMBER 17, 2010

The Annual Energy Outlook 2011 (AEO2011) Reference case released yesterday by the US Energy Information Administration (EIA) more than doubles the technically recoverable US shale gas resources assumed in AEO2010 and added new shale oil resources. Shale gas offsets declines in other US supply to meet. Source: EIA. Click to enlarge.

Gas

Gas 2011 Price Energy

EPA announces 2011 Presidential Green Chemistry Challenge Awards; green chemistry market opportunity projected to be $98.5B by 2020, about 2% of total market

Green Car Congress

JUNE 20, 2011

billion in 2011 to $98.5 billion by 2020. The 2011 award winners are: Greener synthetic pathways: Genomatica, San Diego, Calif. Genomatica has been producing BDO at pilot scale in 3,000 liter fermentations since the first half of 2010, and is moving to production at demonstration scale in 2011. billion in 2011 to $98.5

Green

Green Market 2011 2020

Study finds government and vehicle manufacturers need to introduce long-term incentives and prices cuts to create sustainable market for ultra-low emission vans

Green Car Congress

MARCH 19, 2012

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.

Emissions

Emissions Manufacturer Market Price

Lux Research: Cost of replacing a barrel of produced oil up 350% in 13 years

Green Car Congress

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%.

Oil

Oil Oil-Sands Cost Of Oil Prices

Ricardo study suggests global oil demand may peak before 2020, falling to below 2010 levels by 2035

Green Car Congress

NOVEMBER 7, 2011

Global demand for oil may well peak before 2020, falling back to levels significantly below 2010 demand by 2035, according to a multi-client research study conducted by Ricardo Strategic Consulting launched in June 2011 in association with Kevin J. Lindemer LLC. natural gas vehicles) sectors.

Oil

Oil 2010 2020 Global

EIA: world energy consumption to grow 56% 2010-2040, CO2 up 46%; use of liquid fuels in transportation up 38%

Green Car Congress

JULY 25, 2013

Given current policies and regulations limiting fossil fuel use, worldwide energy-related CO 2 emissions rise from about 31 billion metric tons in 2010 to 36 billion metric tons in 2020 and then to 45 billion metric tons in 2040, a 46% increase over the 30-year span. Liquid fuels. per year, or 38% overall, from 2010 to 2040.

2010

2010 Transportation Fuel Energy

Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

JANUARY 1, 2011

” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. CAGR from 2012 through 2020 to about $250/kWh. Click to enlarge.

Transportation

Transportation Gasoline Lithium Ion Gasoline-Electric

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

Green Car Congress

DECEMBER 5, 2012

Among its many findings, the Reference case suggests that US primary energy consumption will grow by 7% from 2011 to 2040 to 108 quadrillion Btu. However, energy use per capita declines by 15% from 2011 through 2040 as a result of improving energy efficiency (e.g., quadrillion Btu in 2011 to 14.0 than in AEO2012.

Fuel

Fuel Energy Sale 2013

Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

Green Car Congress

SEPTEMBER 2, 2015

If You’re a Free Range Oil Producer. Despite low oil prices, Saudi Arabia is maintaining its investment in its oil industry. as the drop in oil prices over the last year has put a strain on the nation’s finances.". for 2015 (based on actual average monthly prices through August of 53.97

Oil

Oil Saudi Arabia UAE 2015

EIA projects world energy use to increase 53% by 2035; oil sands/bitumen and biofuels account for 70% of the increase in unconventional liquid fuels

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).

Oil-Sands

Oil-Sands Oil 2008 Oil Prices

BP approves revamped $9B Mad Dog Phase 2 project in the deepwater Gulf of Mexico; down from original $20B cost

Green Car Congress

DECEMBER 4, 2016

BP has sanctioned the $9-billion Mad Dog Phase 2 project in the United States, despite the current low oil price environment. Today, the leaner $9-billion project, which also includes capacity for water injection, is projected to be profitable at or below current oil prices. Earlier post.).

Mexico

Mexico Chevron Oil Oil Prices

Study: Kerry-Lieberman Bill Would Cut US Oil Imports By Up to 40% Below Current Levels

Green Car Congress

MAY 21, 2010

A new study by the Peterson Institute for International Economics concluded that the Kerry-Lieberman “American Power Act”—the energy and climate change legislation recently introduced in the Senate ( earlier post )—would reduced US oil imports by 33-40% below current levels and by 9-19% below projected business-as-usual levels by 2030.

Oil

Oil Climate Change Oil Prices 2005

IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

Green Car Congress

NOVEMBER 12, 2012

The WEO finds that the extraordinary growth in oil and natural gas output in the United States will mean a sea-change in global energy flows. In the New Policies Scenario, the WEO ’s central scenario, the United States becomes a net exporter of natural gas by 2020 and is almost self-sufficient in energy, in net terms, by 2035.

Global

Global 2012 Energy Oil

AECOM study finds EV adoption in Victoria can offer significant economic benefits by late 2020s; PHEVs initially lead uptake

Green Car Congress

JULY 12, 2011

According to a recently published report commissioned by the Victoria (Australia) Department of Transport from AECOM, electric vehicle (EV) technology offers the state of Victoria potentially significant economic benefits by the late 2020s. The analysis is based on central forecasts of oil price, electricity. Between 2025.

PHEV

PHEV Oil Prices Australia Price

IEA World Energy Outlook 2013 sees CO2 emissions rising by 20% to 2035; oil use on upward trend

Green Car Congress

NOVEMBER 13, 2013

The Middle East becomes the world’s second-largest gas consumer by 2020 and third-largest oil consumer by 2030, redefining its role in global energy markets. The shifting geography of demand is further underlined by India becoming the largest single source of global oil demand growth after 2020. —WEO-2013.

Oil

Oil 2013 Energy Emissions

IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

NOVEMBER 13, 2011

Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. —WEO 2011.

Oil

Oil Transportation Cheap Fleet

Interview with Chris Paine in the Whole Life Times

Revenge of the Electric Car

JANUARY 21, 2009

The problem is, the hydrogen car is not here until 2020 at the earliest, in terms of something that can be built in mass quantities. Q: When gas prices went up, people started driving less, and interest in EVs soared. But now, gas prices have fallen below $2 in some places. Is this discouraging? I think we’re halfway there.

EV1

EV1 Los Angeles Hydrogen GM

EV Driven

EIA: US crude oil exports reached record levels in 2020 and remain high in 2021

$10-Trillion Investment Needed To Avoid Massive Oil Price Spike Says OPEC

Supply Crunch Or Oil Glut: Investment Banks Can’t Agree

IHS Markit: US poised to be world’s largest LNG exporter in 2022 as China becomes top LNG importer

Harvard Kennedy School researcher forecasts sharp increase in world oil production capacity and risk of price collapse

EIA Energy Outlook 2011 more than doubles estimates of US shale gas resources; higher production at lower prices

EPA announces 2011 Presidential Green Chemistry Challenge Awards; green chemistry market opportunity projected to be $98.5B by 2020, about 2% of total market

Study finds government and vehicle manufacturers need to introduce long-term incentives and prices cuts to create sustainable market for ultra-low emission vans

Lux Research: Cost of replacing a barrel of produced oil up 350% in 13 years

Ricardo study suggests global oil demand may peak before 2020, falling to below 2010 levels by 2035

EIA: world energy consumption to grow 56% 2010-2040, CO2 up 46%; use of liquid fuels in transportation up 38%

Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

EIA projects world energy use to increase 53% by 2035; oil sands/bitumen and biofuels account for 70% of the increase in unconventional liquid fuels

BP approves revamped $9B Mad Dog Phase 2 project in the deepwater Gulf of Mexico; down from original $20B cost

Study: Kerry-Lieberman Bill Would Cut US Oil Imports By Up to 40% Below Current Levels

IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

AECOM study finds EV adoption in Victoria can offer significant economic benefits by late 2020s; PHEVs initially lead uptake

IEA World Energy Outlook 2013 sees CO2 emissions rising by 20% to 2035; oil use on upward trend

IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Interview with Chris Paine in the Whole Life Times

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