2012, 2013, Oil and Oil Prices

BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

Green Car Congress

DECEMBER 22, 2014

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60

Oil Prices

Oil Prices Oil Price Carbon

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. In 2012, 62.5% will be in the oil sands. Source: Lux Research. Click to enlarge.

Oil

Oil Oil-Sands Cost Of Oil Prices

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

Green Car Congress

DECEMBER 16, 2013

quadrillion Btu in 2012 to 12.1 from 2012 to 2040, compared to 1.2% The rising fuel economy of LDVs more than offsets the modest growth in VMT, resulting in a 25% decline in LDV energy consumption decline between 2012 and 2040 in the AEO2014 Reference case. l/100 km) in 2012 to 37.2 l/100 km) in 2012 to 37.2

Oil

Oil Light Energy Vehicles

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.". James Crandell, a Cowen & Co. percent to $38.1 James Crandell, a Cowen & Co. percent to $38.1

Oil

Oil Saudi Arabia UAE 2015

Opinion: Could WTI Trade At A Premium To Brent By Next Year?

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

Oil Prices Oil United States North America

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

The US Energy Information Administration’s (EIA’s) International Energy Outlook 2013 (IEO2013) projects that world energy consumption will grow by 56% between 2010 and 2040, from 524 quadrillion British thermal units (Btu) to 820 quadrillion Btu. World energy consumption by fuel type, 2010-2040. Source: IEO2013. Click to enlarge.

2010

2010 Transportation Fuel Energy

Oxford Catalysts to supply 1,000 bpd commercial GTL plant

Green Car Congress

SEPTEMBER 7, 2012

The plant design is expected to be complete by the end of 2012, with site specific engineering and a decision to begin fabrication occurring in the first half of 2013. Calumet intends to use the FT products as feedstock for the production of ultra-high quality speciality products.

Supplies

Supplies Commercial North America Pennsylvania

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

The US Energy Information Administration released its Annual Energy Outlook 2013 (AEO2013) Reference case (the Early Release ), which highlights a growth in total US energy production that exceeds growth in total US energy consumption through 2040. Domestic oil production will rise to 7.5 Transportation sector gasoline demand declines.

Fuel

Fuel Energy Sale 2013

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

More than 65 million metric tons per annum (MMtpa) of firm, long-term contracts were signed in 2021, surpassing the previous record of 61 MMtpa in 2013. However, by August both Asian and European spot LNG prices climbed well above their oil price equivalent and remained above it for the rest of the year.

Qatar

Qatar China United States Brazil

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

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 newly released 2013 edition of the IEA World Energy Outlook (WEO) depicts a world in which some long-held tenets of the energy sector are being rewritten; importers are becoming exporters, while exporters are among the major sources of growing demand. —WEO-2013. Oil use grows, but in a narrowing set of markets.

Oil

Oil 2013 Energy Emissions

Roland Berger E-Mobility Index finds government subsidies for and projected sales of xEVs declining worldwide

Green Car Congress

MAY 22, 2013

The Q1 2013 index (top) shows that the 7 top automotive nations have seen their competitive positions shift since 2012 (bottom). None of the subsidy programs that ended at the end of 2012 were renewed. —Roland Berger E-mobility index for Q1 2013. Source: Roland Berger. Click to enlarge. Plug-in America’s #PIA100K.

South Korea

South Korea Sale France Plug-in

IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

FEBRUARY 3, 2015

There was a stark change in 2014 South America automotive demand compared to 2013, when monthly sales broke the 500,000 unit mark seven times. In Europe, the crisis in Russia could offset the boon of lower fuel prices for Europe’s car buyers and even the new QE boost from the ECB. million) below the market level recorded in 2012.

2015

2015 Light Market Global

Center for Automotive Research releases study on estimated US distribution pattern of electric vehicles through 2015; focus on incentives

Green Car Congress

FEBRUARY 13, 2011

The study is not a forecast sales of electric vehicles; rather, it estimates electric vehicle deployment by state, using other forecasts of total electric vehicle sales in the US to generate a reasonable approximation of what electric vehicle sales might look like for the period 2012 to 2015.

2015

2015 Electric Vehicles Vehicles Sale

US DOE progress report says 1M plug-ins by 2015 ambitious but achievable; not likely to be constrained by production capacity

Green Car Congress

FEBRUARY 8, 2011

and model 2011 2012 2013 2014 2015. The President has announced that the FY 2012 Budget will include enhanced R&D investments in battery and other electric drive technologies. These could lead to additional production capacity of several hundred thousand EVs not accounted for in this table. Fisker Karma EREV. Ford Focus EV.

2015

2015 Plug-in Tax Credit Plug

Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

Green Car Congress

APRIL 6, 2015

The 103GW of capacity added by new renewable energy sources last year compares to 86GW in 2013, 89GW in 2012 and 81GW in 2011 and made 2014 the best year ever for newly installed capacity. billion, up 39% from 2013. billion, 10% higher than in 2013 and its biggest total ever. The US was second at $38.3

2014

2014 Renewable 2013 Wind

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. Domestic production of crude oil has increased significantly, from approximately 5.5 million bpd in 2012 and 7.5 million bpd by mid-2013. million bpd in 2010 to 6.5

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

IHS-CERA concludes “no material impact” on US GHG from Keystone XL; heavy crude from Venezuela most likely replacement

Green Car Congress

AUGUST 9, 2013

The study also found that any absence of oil sands on the US Gulf Coast would most likely be replaced by imports of heavy crude oil from Venezuela, which has the same carbon footprint as oilsands crude. This indicates that oil sands can grow using rail; it is already happening. million barrels per day (mbd) in 2013 to 4.3

Venezuela

Venezuela Oil-Sands Oil Canada

RAC Foundation: 830,000 households in UK spend at least 27% of their income on running a car; “transport poverty”

Green Car Congress

MARCH 7, 2013

In November 2012 the Office for National Statistics published the Living Costs and Food Survey for 2011. The average price of unleaded gasoline in the UK in January 2013 was 132.7 Diesel prices are a few p higher per liter. —Professor Stephen Glaister, director of the RAC Foundation. p/liter (US$7.54/gallon

Transportation

Transportation Gasoline Cars Price

United Airlines invests $30M in Fulcrum BioEnergy; renewable jet fuel offtake agreement, potential joint development of production

Green Car Congress

JUNE 30, 2015

Investing in alternative fuels is not only good for the environment, it’s a smart move for our company as biofuels have the potential to hedge against future oil price volatility and carbon regulations. —United Executive Vice President and General Counsel Brett Hart.

Renewable

Renewable Fuel Alternative Fuels Los Angeles

Nissan’s Big Gamble

Revenge of the Electric Car

JULY 14, 2009

2, Ghosn will unveil the first of three electric models in three vehicle segments that he plans to sell by 2013. “A lot of Americans really want to stop using imported oil,&# he says. Production begins in late 2012. Pricing isn’t set. Oil vs. electrons. Batteries are expensive.

Nissan

Nissan Japan United States Gasoline-Electric

EV Driven

BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

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

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

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

Opinion: Could WTI Trade At A Premium To Brent By Next Year?

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

Oxford Catalysts to supply 1,000 bpd commercial GTL plant

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

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

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

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

Roland Berger E-Mobility Index finds government subsidies for and projected sales of xEVs declining worldwide

IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Center for Automotive Research releases study on estimated US distribution pattern of electric vehicles through 2015; focus on incentives

US DOE progress report says 1M plug-ins by 2015 ambitious but achievable; not likely to be constrained by production capacity

Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

State Department releases Keystone XL Final Supplemental Environmental Impact Statement

Opinion: Busting The “Canadian Bakken” Myth

IHS-CERA concludes “no material impact” on US GHG from Keystone XL; heavy crude from Venezuela most likely replacement

RAC Foundation: 830,000 households in UK spend at least 27% of their income on running a car; “transport poverty”

United Airlines invests $30M in Fulcrum BioEnergy; renewable jet fuel offtake agreement, potential joint development of production

Nissan’s Big Gamble

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