Coal, Oil Prices, Power and United States

EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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MAY 11, 2022

Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). in the United States this summer (June–August) compared with the summer of 2021. —EIA Administrator Joe DeCarolis. and by 1.5%

Oil

Oil Price Production Oil Prices

EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

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APRIL 7, 2021

The US Energy Information Administration (EIA) forecasts an increase in demand for petroleum products during the 2021 summer driving season as the impacts of COVID-19 diminish in the United States. EIA expects the retail price of regular-grade gasoline in the United States will average $2.78 gal last summer.

2019

2019 Fuel Coal 2020

EIA projects increases in global energy consumption and emissions through 2050

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OCTOBER 7, 2021

Renewables will be the primary source for new electricity generation, but natural gas, coal, and increasingly batteries will be used to help meet load and support grid reliability. Oil and natural gas production will continue to grow, mainly to support increasing energy consumption in developing Asian economies. —Stephen Nalley.

Global

Global Energy Emissions Asia

Updated NETL study provides more detailed economic and environmental assessment of coal-to-liquids and CTL with modest biomass

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MAY 15, 2012

The National Energy Technology Laboratory (NETL) has released a follow-on study to its 2009 evaluation of the economic and environmental performance of Coal-to-Liquids (CTL) and CTL with modest amounts of biomass mixed in (15% by weight) for the production of zero-sulfure diesel fuel. Earlier post.).

Coal

Coal Diesel Oil Prices Water

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

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JULY 25, 2013

Renewable energy and nuclear power are the world’s fastest-growing energy sources, each increasing 2.5% With prices expected to increase in the long term, however, the world oil price in real 2011 dollars reaches $106 per barrel in 2020 and $163 per barrel in 2040, according to IEO2013. Source: IEO2013. Click to enlarge.

2010

2010 Transportation Fuel Energy

IEA: Global CO2 emissions up by 1.0 Gt (3.2%) in 2011 to record high

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MAY 24, 2012

Coal accounted for 45% of total energy-related CO 2 emissions in 2011, followed by oil (35%) and natural gas (20%). China made the largest contribution to the global increase, with its emissions rising by 720 million tonnes (Mt), or 9.3%, primarily due to higher coal consumption. This represents an increase of 1.0 In 2011, a 6.1%

2011

2011 Emissions Global CO2

Global CO2 emissions up 3% in 2011; per capita CO2 emissions in China reach EU levels

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JULY 20, 2012

savings stimulated by high oil prices led to a decrease of 3% in CO 2 emissions in the European Union and of 2% in both the United States and Japan. The United States remain one of the largest emitters of CO2, with 17.3 the United States (16%). Coal consumption in China increased by 9.7%

2011

2011 Emissions CO2 Global

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

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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

IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

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NOVEMBER 12, 2012

The WEO finds that the extraordinary growth in oil and natural gas output in the United States will mean a sea-change in global energy flows. In the New Policies Scenario, the WEO ’s central scenario, the United States becomes a net exporter of natural gas by 2020 and is almost self-sufficient in energy, in net terms, by 2035.

Global

Global 2012 Energy Oil

Surprise Natural Gas Drawdown Signals Higher Prices Ahead

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AUGUST 9, 2016

The US electric power sector burned through a record amount of natural gas in recent weeks, a sign of the shifting power generation mix and also a signal that natural gas supplies could get tighter than many analysts had previously expected. But the effects are already showing up in the power generation mix.

Gas

Gas Price Gas-Electric Oil

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

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APRIL 14, 2015

AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. The United States has been a net importer of energy since the 1950s.

2020

2020 Energy Transportation Oil Prices

EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

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JANUARY 23, 2012

Over the next 10 years, continued development of tight oil (e.g., shale oil) combined with the development of offshore Gulf of Mexico resources are projected to push domestic crude oil production to 6.7 Use of renewable fuels and natural gas for electric power generation rises.

Oil

Oil 2005 Production 2010

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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DECEMBER 16, 2013

Energy consumption by light-duty vehicles in the United States, AEO2013 and AEO2014, 1995-2040 (quadrillion Btu). The fuel economy of gasoline-powered LDVs continues to increase, and advanced technology fuel efficiency subsystems are added, such as micro hybridization, which is installed on 42% of gasoline LDVs in 2040.

Oil

Oil Light Energy Vehicles

MITEI releases report on Electrification of the Transportation System

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JANUARY 13, 2011

Currently, petroleum almost exclusively fuels the United States (US) transportation system. Electrification will reduce emissions, with the scale determined by the carbon intensity of the power sector. of carbon dioxide (CO 2 ) emissions in the US. of carbon dioxide (CO 2 ) emissions in the US. Vehicle technologies.

Transportation

Transportation MIT Oil Prices Oil

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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DECEMBER 5, 2012

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. The United States becomes a net exporter of natural gas earlier than estimated a year ago. Biofuels grow at a slower rate due to lower crude oil prices and.

Fuel

Fuel Energy Sale 2013

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

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SEPTEMBER 10, 2014

Crude and lease condensate includes tight oil, shale oil, extra-heavy crude oil, field condensate, and bitumen (i.e., oil sands, either diluted or upgraded). Other liquids refer to natural gas plant liquids (NGPL), biofuels (including biomass-to-liquids [BTL]), gas-to-liquids (GTL), coal-to-liquids (CTL), kerogen (i.e.,

Asia

Asia Transportation Oil-Sands Oil Prices

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

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NOVEMBER 13, 2013

China is about to become the largest oil-importing country and India becomes the largest importer of coal by the early 2020s. High oil prices, persistent differences in gas and electricity prices between regions and rising energy import bills in many countries focus attention on the relationship between energy and the broader economy.

Oil

Oil 2013 Energy Emissions

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

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NOVEMBER 13, 2011

China consolidates its position as the world’s largest energy consumer: it consumes nearly 70% more energy than the United States by 2035, even though, by then, per capita demand in China is still less than half the level in the United States. Oil and the Transport Sector: Reconfirming the End of Cheap Oil.

Oil

Oil Transportation Cheap Fleet

RAND study concludes use of alternative fuels by US military would convey no direct military benefit; recommends energy efficiency instead

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JANUARY 25, 2011

If the US military increases 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 will be no direct benefit to the nation’s armed forces, according to a new RAND Corporation study.

Alternative Fuels

Alternative Fuels Fuel Energy Coal

EV Driven

EIA expects increased US crude oil production, with continued high petroleum prices in 2022

EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

EIA projects increases in global energy consumption and emissions through 2050

Updated NETL study provides more detailed economic and environmental assessment of coal-to-liquids and CTL with modest biomass

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

IEA: Global CO2 emissions up by 1.0 Gt (3.2%) in 2011 to record high

Global CO2 emissions up 3% in 2011; per capita CO2 emissions in China reach EU levels

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

IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

Surprise Natural Gas Drawdown Signals Higher Prices Ahead

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

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

MITEI releases report on Electrification of the Transportation System

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

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

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

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

RAND study concludes use of alternative fuels by US military would convey no direct military benefit; recommends energy efficiency instead

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