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

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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

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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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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

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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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seen in 2010, according to the newly released BP Statistical Review of World Energy, 2012. Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% Global energy consumption grew by 2.5%

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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

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Transportation sector gasoline demand declines. Sales of battery-powered electric vehicles are 65% lower in the AEO2013 Reference case than the year before, with annual sales in 2035 estimated to be about 119,000. Domestic oil production will rise to 7.5 Motor gasoline consumption will be less than previously estimated.

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

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Shale gas offsets declines in other US supply to meet. 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. Source: EIA.

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UC Berkeley Study Concludes Battery Switching Model Would Accelerate Mass-Market Adoption of Electric Cars; Baseline Scenario Projects EVs Reaching 64% of New LDV Sales in 2030

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In two other scenarios considered, a high oil price scenario (using EIA projections) and a battery swap operator-subsidzied scenario, EV new vehicle sales penetration reaches 85% and 86% respectively by 2030. Electric Cars in the United States: A New Model with Forecasts to 2030” was written by Thomas Becker, a Ph.D.

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

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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. Greenhouse gas LCA analysis. Source: Draft SEIS. Click to enlarge. Earlier post.)