2011, Oil Prices and Oil-Sands

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

State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

Green Car Congress

MARCH 2, 2013

The US Department of State (DOS) has released its Draft Supplemental Environmental Impact Statement (SEIS) in response to TransCanada’s May 2012 application for the Keystone XL pipeline that would run from Canada’s oils sands in Alberta to Nebraska. The pipeline would primarily transport crude oil from the WCSB and Bakken regions.

Climate Change

Climate Change Oil-Sands Nebraska Climate

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%. 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.

Oil

Oil Oil-Sands Cost Of Oil Prices

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

Annual global oil & gas capital expenditure to pass $1-trillion mark in 2012

Green Car Congress

AUGUST 23, 2012

Increased activity in the Exploration and Production (E&P) sector will be the primary driver in pushing oil and gas capital expenditure (capex) to $1.039 trillion for 2012, according to the latest report by business intelligence firm GlobalData. GlobalData predicts Asia-Pacific to follow very closely with a capex of $253.1

Oil

Oil 2012 Oil-Sands Gas

RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

Green Car Congress

JUNE 20, 2012

However, the US military can play an important role in promoting stability in major oil producing regions and by helping protect the flow of energy through major transit corridors and on the high seas, the reports suggest. In the lead report, Bartis notes that global oil supplies are finite and thus, at some point, oil production must peak.

Price

Price Oil-Sands Turkey Fuel

Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

Green Car Congress

JUNE 23, 2011

Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Data: California DOGGR. Click to enlarge. Source: Chevron. Click to enlarge.

Chevron

Chevron Oil Oil-Sands Production

State Department releases Keystone XL Final Supplemental Environmental Impact Statement

Green Car Congress

FEBRUARY 1, 2014

Incremental well-to-wheels GHG emissions from WCSB Oil Sands Crudes Compared to Well-to-Wheels GHG Emissions from Displacing Reference Crudes Click to enlarge. Market analysis: cross-border pipeline constraints have a limited impact on crude flows and prices. million bpd in 2010 to 6.5 million bpd in 2012 and 7.5 million bpd.

Oil-Sands

Oil-Sands Nebraska Oil Montana

Opinion: Busting The “Canadian Bakken” Myth

Green Car Congress

JUNE 12, 2015

The financial pages of Canadian newspapers have been full of headlines lately announcing the potential of two large shale oil fields in the Northwest Territories said to contain enough oil to rival the Bakken Formation of North Dakota and Montana. billion barrels. enthused the Financial Post.

Oil-Sands

Oil-Sands Oil North Dakota Oil Prices

Lux: nearly $7B in private investment in emerging oil & gas E&P technologies over last decade

Green Car Congress

DECEMBER 8, 2014

Investment into emerging oil and gas E&P (exploration and production) technologies, which were nearly non-existent in 2003, at just $57 million, have attracted nearly $7 billion in private investment from 497 unique transactions, according to a new report from Lux Research, “ Investing in Next Generation Oil and Gas Technologies ”.

Oil

Oil Oil-Sands 2003 Gas

National Low Carbon Fuel Standard study releases major Technical Analysis and Policy Design reports; providing a scientific basis for policy decisions

Green Car Congress

JULY 19, 2012

Very broadly, they found that an LCFS would buffer the economy against global oil price spikes, trim demand for petroleum, and lessen upward pressure on gas prices. Treat all crude oils as part of the overall pool of transportation fuels. We did not shy away from controversy. We are not advocates.

Carbon

Carbon Oil-Sands Standards Design

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

APRIL 16, 2009

Electric vehicles will be available for customers in 2011. Just as wireless service providers offer smartphones at discounted prices, Project Better Place will offer discounted electric vehicles with usage pricing plans. Millions of EVs and PHEVs would expand the sale of electricity as an alternative to oil. Email Neal.

Grid

Grid Electric Vehicles Vehicles Oil-Sands

EV Driven

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

State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

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

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

Annual global oil & gas capital expenditure to pass $1-trillion mark in 2012

RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

State Department releases Keystone XL Final Supplemental Environmental Impact Statement

Opinion: Busting The “Canadian Bakken” Myth

Lux: nearly $7B in private investment in emerging oil & gas E&P technologies over last decade

National Low Carbon Fuel Standard study releases major Technical Analysis and Policy Design reports; providing a scientific basis for policy decisions

Cleantech Blog: Smart Grids and Electric Vehicles

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