Canada, Oil Prices and Resource

IHS Markit: US oil producers to halt 1.75 MMb/d per day of production; Canada to cut 0.5 MMb/d

Green Car Congress

MAY 22, 2020

Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 The oil market fear that characterized March and the extreme price pressure that producers felt in April have galvanized producers across North America into unprecedented action. However, nearly 1.4

Oil

Oil Canada Oil-Sands Production

Shell to halt 80K bpd Carmon Creek oil sands project

Green Car Congress

OCTOBER 28, 2015

Royal Dutch Shell plc will not continue construction of the 80,000 barrel per day Carmon Creek thermal in situ oil sands project located in Alberta, Canada. This is forcing tough choices at Shell. —Chief Executive Officer, Ben van Beurden. Carmon Creek is 100% Shell owned.

Oil-Sands

Oil-Sands Oil Re-Charge Oil Prices

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

World oil prices remain high in the IEO2011 Reference case, but oil consumption continues to grow; both conventional and unconventional liquid supplies are used to meet rising demand. In the IEO2011 Reference case the price of light sweet crude oil (in real 2009 dollars) remains high, reaching $125 per barrel in 2035.

Oil-Sands

Oil-Sands Oil 2008 Oil Prices

Purdue study projects that under likely adoption rates, use of biojet fuel alone will not meet aviation emissions reduction targets for 2050; the need to go above 50% blends

Green Car Congress

OCTOBER 16, 2011

Uncertainty range of the aviation GHG emissions under the High Oil price scenario (the most optimistic for biojet adoption), given in a box plot depicting the minimum, quartile, and maximum values. With biojet options, under the high oil price scenario (the most optimistic for biojet adoption), the median (i.e.,

Emissions

Emissions Oil Prices 2005 Fuel

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

Green Car Congress

JUNE 27, 2012

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 Such an increase in capacity could prompt a plunge or even a collapse in oil prices, he suggests.

Oil

Oil Oil-Sands Price Production

CFR Report Says Energy Security and Climate Change Concerns With Oil Sands Can be Reconciled

Green Car Congress

MAY 24, 2009

A new report from the Council on Foreign Relations (CFR)— The Canadian Oil Sands: Energy Security vs Climate Change — claims that prudent greenhouse gas regulations can limit emissions from Canadian oil sands while still enabling robust development of the energy resource.

Oil-Sands

Oil-Sands Climate Change Oil Climate

Opinion: Can Argentina Capitalize On Its Vast Shale Reserves?

Green Car Congress

APRIL 1, 2015

Still, with a resource potential both vast and untapped, the nation has never been far from energy investors’ minds. The question today is just how much Argentina is willing to change and how this plays into a low oil price environment that is already negatively impacting investment elsewhere. Oil prices are set at $77.50

Argentina

Argentina Oil Oil Prices Environment

Researchers Suggest That Although CCS and Other Technologies Could Reduce Oil Sands GHG Emissions to Near Zero, That Strategy May Not Make Sense

Green Car Congress

AUGUST 15, 2010

Debate about the future of oil sands development is so contentious that even the name of the resource is disputed: proponents typically use oil sands while opponents use tar sands. However, this only accounts for the processing that occurs in Canada and therefore excludes much of the refining and transport emissions.

Oil-Sands

Oil-Sands Oil Emissions Coal

Syncrude to Expand Its Oil Sands Synthetic Crude Output to 425,000 Barrels per Day by 2020

Green Car Congress

FEBRUARY 25, 2010

Decisions regarding further upgrading capacity will be considered in the future in the context of evolving heavy/light crude oil price spreads. I believe that, given the size of Syncrude’s resource base, we still have the ability to grow beyond this expanded 600,000 barrel per day productive capacity level. and Imperial Oil.

Oil-Sands

Oil-Sands Oil 2020 Canada

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

Green Car Congress

JUNE 20, 2012

Bartis and RAND colleague Lawrence van Bibbe were the authors of a 2011 RAND report concluding that if the US military increased its use of alternative jet and naval fuels that can be produced from coal or various renewable resources, including seed oils, waste oils and algae, there would be no direct benefit to the nation’s armed forces.

Price

Price Turkey Oil-Sands Fuel

Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

OCTOBER 6, 2015

The Saudi decision to let the market set prices and to pursue market share, has led to steep declines in crude and petroleum product prices. The decision also has impacted natural gas export prices negatively, since, for Russia's long-term supply agreements, they wholly or partially are indexed to oil prices.

Russia

Russia Saudi Arabia Iran Iraq

Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

Green Car Congress

AUGUST 25, 2015

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. trillion of $3.05 billion vs. $1.6

Saudi Arabia

Saudi Arabia Russia Oil 2015

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

While domestic crude oil production is projected to level off and then slowly decline after 2020 in the Reference case, natural gas production grows steadily, with a 56% increase between 2012 and 2040, when production reaches 37.6 Pipeline exports to Canada grow by 1.2% trillion cubic feet (Tcf). Tcf in 2012 to 3.1 Tcf in 2040.

Oil

Oil Light Energy Vehicles

Refiners and Truckers Associations Challenge California LCFS in Federal Court

Green Car Congress

FEBRUARY 3, 2010

The LCFS would essentially ban imports to California of fuels derived from unconventional sources such as oil sands from Canada, oil shale from the Western US, or domestic coal supplies that can be converted into transportation fuels. NPRA President Charles T. LCFS Complaint.

California

California Oil-Sands Oil 2005

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

Green Car Congress

JUNE 23, 2011

the steam required, represented by barrels of water, to produce one barrel of oil) from a peak of almost 8.5 for the first quarter of 2011, according to data from the California Department of Oil, Gas & Geothermal Resources (DOGGR). Worldwide heavy oil reserves by country. Oil production. Source: Chevron.

Chevron

Chevron Oil Oil-Sands Production

EIA projects world liquid fuels use to rise 38% by 2040, driven by growth in Asia and Middle East; transportation 92% of demand

Green Car Congress

SEPTEMBER 10, 2014

The potential for growth in demand for liquid fuels is focused on the emerging economies of China, India, and the Middle East, while liquid fuels demand in the United States, Europe, and other regions with well-established oil markets seems to have peaked. Rising world oil prices attract investment in areas previously considered uneconomic.

Asia

Asia Transportation Oil-Sands Oil Prices

Opinion: Busting The “Canadian Bakken” Myth

Green Car Congress

JUNE 12, 2015

It found the “thick and geographically extensive” Canol formation is expected to contain 145 billion barrels of oil, while the “much thinner” Bluefish shale contains 46 billion barrels. That license was estimated to have 625 million barrels of oil in place. “We billion barrels. a consulting company. China, and Argentina, combined.

Oil-Sands

Oil-Sands Oil North Dakota Oil Prices

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

Green Car Congress

MARCH 2, 2013

The DOS SEIS accordingly takes a detailed look at life-cycle greenhouse gas emissions of petroleum products from Western Canadian Sedimentary Basin (WCSB) oil sands crudes compared with reference crudes and the potential impact the pipeline might have on climate change as well as on the future development of the oils sands resource in Canada.

Climate Change

Climate Change Oil-Sands Nebraska Climate

State Department releases Keystone XL Final Supplemental Environmental Impact Statement

Green Car Congress

FEBRUARY 1, 2014

Over the long term, lower-than-expected oil prices could affect the outlook for oil sands production, and in certain scenarios higher transportation costs resulting from pipeline constraints could exacerbate the impacts of low prices. such a change is not likely to occur under expected market conditions.

Oil-Sands

Oil-Sands Nebraska Oil Montana

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

Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. But the average oil price remains high, approaching $120/barrel (in year-2010 dollars) in 2035. Oil and the Transport Sector: Reconfirming the End of Cheap Oil. Click to enlarge. Electric vehicles.

Oil

Oil Transportation Cheap Fleet

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. This is a template, not a finished product.

Carbon

Carbon Oil-Sands Standards Design

EV Driven

IHS Markit: US oil producers to halt 1.75 MMb/d per day of production; Canada to cut 0.5 MMb/d

Shell to halt 80K bpd Carmon Creek oil sands project

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

Purdue study projects that under likely adoption rates, use of biojet fuel alone will not meet aviation emissions reduction targets for 2050; the need to go above 50% blends

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

CFR Report Says Energy Security and Climate Change Concerns With Oil Sands Can be Reconciled

Opinion: Can Argentina Capitalize On Its Vast Shale Reserves?

Researchers Suggest That Although CCS and Other Technologies Could Reduce Oil Sands GHG Emissions to Near Zero, That Strategy May Not Make Sense

Syncrude to Expand Its Oil Sands Synthetic Crude Output to 425,000 Barrels per Day by 2020

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

Opinion: Is Russia Plotting To Bring Down OPEC?

Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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

Refiners and Truckers Associations Challenge California LCFS in Federal Court

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

EIA projects world liquid fuels use to rise 38% by 2040, driven by growth in Asia and Middle East; transportation 92% of demand

Opinion: Busting The “Canadian Bakken” Myth

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

State Department releases Keystone XL Final Supplemental Environmental Impact Statement

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

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

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