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Study finds carbon emissions benefits of reduction in oil demand depend on size of drop and global oil market structure

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New research led by Mohammad Masnadi, assistant professor of chemical and petroleum engineering at the University of Pittsburgh Swanson School of Engineering, offers a closer look at the relationship between decreasing demand for oil and a resilient, varied oil market—and the carbon footprint associated with both.

Oil 305
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Ricardo and Kevin J Lindemer LLC to assess the timing and impact of Peak Oil Demand

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Driven by a number of growing concerns including the increasingly worrying geopolitics of oil, governments and industry are investing heavily to accelerate the development of low carbon technologies that aim to reduce, replace or obviate the use of fossil fuels in the energy mix.

Oil 225
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US EIA Projects World Energy Use to Grow 44% Between 2006 and 2030, CO2 Emissions Up by 39%

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World oil prices have fallen sharply from their July 2008 high mark. As the world’s economies recover, higher world oil prices are assumed to return and to persist through 2030. In the IEO2009 reference case, world oil prices rise to $110 per barrel in 2015 (in real 2007 dollars) and $130 per barrel in 2030.

2006 150
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BP Energy Outlook 2030 sees emerging economies leading energy growth to 2030; global CO2 emissions from energy well above IEA 450 scenario

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At the same time, oil—and gas—import dependency in the US is likely to fall to levels not seen since the 1990s, because of improved fuel efficiency and the increased share of biofuels. Global consumption growth is also impacted by higher oil prices in recent years and a gradual reduction of subsidies in oil-importing countries.

Energy 210
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DNV GL paper suggests near-term success for LNG in shipping; alternative fuel mix to diversify over time

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LNG as fuel eliminates SO x emissions, significantly reduces NO x and particulate matter, and also reduces GHG emissions—although not to the levels that would be required for addressing climate change. LNG engines currently being produced cover a broad range of power outputs. Ship electrification and renewables.

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MIT/RAND Study Concludes Three Types of Alternative Jet Fuel May Be Available in Commercial Quantities Over the Next Decade

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The expected influx of large amounts of alcohol-based fuels and fuels derived from unconventional petroleum over the next decade may cause long-term world oil prices to be between 5 and 12% lower than they would be in the absence of those fuels. Adverse effects of ULS jet fuel would include higher fuel prices (by about $0.05

MIT 250
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Inaugural Quadrennial Technology Review report concludes DOE is underinvested in transport; greatest efforts to go to electrification

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There is significant headroom for DOE to work on increasing conventional vehicle efficiency by improving the internal combustion engine, by lightweighting, and by improving the aerodynamics of heavy-duty vehicles. Vehicle efficiency has the greatest short- to mid-term impact on oil consumption.