Green Car Congress

DECEMBER 30, 2015

The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. On the one hand, OPEC does not see oil prices returning to triple-digit territory within the next 25 years, a strikingly bearish conclusion.

Oil Prices 150

Oil Prices Oil Price Climate Change 150

Green Car Congress

JUNE 2, 2022

This post examines the recent changes in the costs of powering gasoline, diesel, and electric vehicles. The expectation was that the cost of electricity had recently increased much less than the costs of gasoline and diesel. The reason is that, in the United States, oil is used to generate less than 1% of electricity.

Gasoline-Electric 321

Gasoline-Electric Gasoline Cost Of Diesel 321

Green Car Congress

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). EIA forecasts that retail sales of electricity to the industrial sector will grow by 2.8% The Henry Hub natural gas price will average $8.59

Oil 344

Oil Price Production Oil Prices 344

Green Car Congress

APRIL 8, 2020

GlobalData research shows that lower oil prices as a result of the COVID-19 crisis could reduce electric vehicle demand and impair EU efforts to significantly reduce average new vehicle CO 2 emissions in the European car market.

CO2 353

CO2 Fleet Emissions Oil Prices 353

Green Car Congress

JANUARY 11, 2023

Despite efforts to continue stimulating the US economy in the wake of the pandemic, high inflation put a damper on economic growth, which was exacerbated by a spike in oil prices as a result of Russia’s invasion of Ukraine. Consequently, the US economy grew 1.9% in 2022, down from a 5.7% GDP increase in 2021.

Emissions 273

Emissions Oil Prices 2005 Coal 273

Green Car Congress

JANUARY 23, 2022

US crude oil production dropped slightly, by an estimated 1%, in 2021, but EIA expects it to increase by 6% in 2022 and 5% in 2023. EIA forecasts that in 2022 and 2023, crude oil prices will remain high enough to encourage growth in the number of active drilling rigs and continued improvement in drilling efficiency.

Coal 448

Coal Production Fuel Oil 448

Green Car Congress

MARCH 14, 2019

This long-term growth is expected to be propelled by improving vehicle technology economics—a function of battery innovations, government transportation energy policies, oil price projections, and movements to price carbon. —Scott Shepard, senior research analyst with Navigant Research.

Alternative Fuels 207

Alternative Fuels Future Plug-in Fuel 207

Green Car Congress

APRIL 22, 2013

Under its most conservative of scenarios, more than 5 million light-duty electric-drive vehicles will be on the road in the US by 2035, according to a new forecast by IEE , an institue of the Edison Foundation. IEE developed three general scenarios for electric transportation: low, medium, and high. Click to enlarge.

Oil Prices 294

Oil Prices Vehicles 2012 Light 294

Green Car Congress

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. EIA projects electricity generation to almost double in developing non-OECD countries by 2050.

Global 259

Global Energy Emissions Asia 259

Green Car Congress

SEPTEMBER 8, 2022

EIA expects demand for natural gas to remain high despite high prices for the commodity. There are limited options for replacing natural gas in the short term, especially for electricity generation. EIA expects that oil prices will remain somewhat the same for the rest of the year, although with continued price volatility.

Gas 150

Gas Price Global Gas-Electric 150

Green Car Congress

FEBRUARY 2, 2015

The current plunge in oil prices will likely negatively affect plug-in and hybrid vehicle sales in the short term; automakers such as BMW are already warning of lower sales of plug-in vehicles given the market context. Anticipated price of oil and forecast plug-in sales. Lux on the price of oil.

Plug-in 150

Plug-in Oil Cheap Plug 150

Green Car Congress

JULY 8, 2021

However, for 2022, EIA expects that continuing growth in production from OPEC+ and accelerating growth in US tight oil production, along with other supply growth, will outpace growth in global oil consumption and contribute to declining oil prices. Electricity. in 2021 after falling by 3.9%

2019 243

2019 Global Fuel Gasoline-Electric 243

Green Car Congress

FEBRUARY 26, 2010

The critical need for government leadership in the emergence of electric vehicles dominated a recent Green Fleet Management discussion in Toronto, hosted by Fleet Challenge Ontario. In an interview published in Maclean’s, a Canadian news magazine, the chairman and CEO of General Electric said, “ Government should be a catalyst for change.

Electric Vehicles 186

Electric Vehicles Vehicles Los Angeles Canada 186

Green Car Congress

DECEMBER 2, 2014

Yonhap News reported that SK Innovation Company will end the battery-pack joint venture with German partner Continental AG ( earlier post ) due to slow growth in demand for electric cars. We will continue to research and develop batteries for electric vehicles in the future. Earlier post.). billion won (US$13.87

Li-ion 244

Li-ion Lithium Ion Oil Prices 2013 244

Green Car Congress

DECEMBER 21, 2015

In a new report, Electric Vehicle Market Forecasts , Navigant research projects that under its base scenario, global sales of light duty electrified vehicles (i.e., vehicles that use electricity for traction, including hybrids, plug-in hybrids, and battery-electrics) will grow from 2.6 Electric Vehicle Market Forecasts”.

Light 150

Light Sale Global Oil Prices 150

Green Car Congress

JANUARY 6, 2014

The model has four sub-components: vehicle, fuel production, electricity grid; and energy supply. Among their findings were: RFS2 is satisfied at extreme oil prices (at least $215/barrel). This oil price encourages biofuel use in the RFS2 timeframe, but not in the long run.

Oil Prices 246

Oil Prices Gasoline-Electric Gasoline Oil 246

Green Car Congress

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. trillion cubic feet (Tcf) in the Low Oil Price case to 13.1

2020 150

2020 Energy Transportation Oil Prices 150

Green Car Congress

MAY 26, 2009

The brief concentrates on six topics: climate change policy, carbon capture and storage policy, oil security policy, energy-technology innovation policy, electricity market structure, and infrastructure policy. Oil security policy. If the price later rose above $90, the tax would disappear.

Energy 150

Energy Price Oil Prices Climate Change 150

Green Car Congress

JULY 6, 2018

The reason they are likely to join in is that unlike in previous oil price cycles, now there are alternatives to fossil fuels. Electrification is where OPEC may have to face off with a future oil buyers’ cartel. Another survey identified price and range as additional roadblocks towards the mass adoption of EVs in India.

Oil 170

Oil India Oil Prices Japan 170

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 220

Oil-Sands Oil 2008 Oil Prices 220

Green Car Congress

MARCH 27, 2020

Following a deceleration of electric vehicle (EV) sales growth in 2019, IHS Markit expects EV sales to stagnate in 2020 and likely into 2021. EVs also face another headwind with the low price of oil prices, making them less competitive in terms of fuel cost savings vis-à-vis their internal combustion engine counterparts.

Gasoline 269

Gasoline 2020 Gasoline-Electric 2008 269

Green Car Congress

MARCH 23, 2017

It’s been six months now that oil prices have been reacting to OPEC, first to the possibility of an agreement, and then to the production cut deal itself, forged by OPEC to rebalance the market. The market bought the “balance” message, and oil prices steadied at above $50 for three months.

Iraq 150

Iraq Saudi Arabia Oil Oil Prices 150

Green Car Congress

OCTOBER 29, 2014

The City of Indianapolis will upgrade 425 non-police-pursuit sedans in its muncipal fleet to plug-in hybrid and battery electric vehicles by early 2016, cut the size of the fleet by 100 vehicles, and save $8.7 America’s dependence on oil ties our national and economic security to a highly-unpredictable, cartel-influenced global oil market.

Indianapolis 287

Indianapolis 2016 Fleet PHEV 287

Green Car Congress

JULY 7, 2012

The Nikkei reports that the nationwide average price in Japan for regular gasoline was ¥139.8 Prices at the pump are falling in Japan not only due to lower crude oil prices, but also because the widespread popularity of fuel-efficient vehicles has lowered demand for gasoline.A per liter ($6.65

Japan 258

Japan Gasoline Fuel Gasoline-Electric 258

Green Car Congress

SEPTEMBER 13, 2020

It is used in steel alloys to increase strength, hardness, electrical conductivity and resistance to corrosion and wear. Many molybdenum-containing steels and catalysts are used by the oil & gas industry, making molybdenum particularly sensitive to oil & gas market developments. —an identical rate of growth as 2018.

2020 186

2020 2019 2018 Oil 186

Green Car Congress

JULY 6, 2018

The reason they are likely to join in is that unlike in previous oil price cycles, now there are alternatives to fossil fuels. Electrification is where OPEC may have to face off with a future oil buyers’ cartel. Another survey identified price and range as additional roadblocks towards the mass adoption of EVs in India.

Oil 150

Oil India Oil Prices Japan 150

Green Car Congress

JULY 5, 2016

Whereas fuel cost used to be a major driver for fleet managers, the lowering of oil prices and the availability of low-cost natural gas has reduced this concern, Navigant notes. A major factor has always been the cost of battery packs.

Global 150

Global Sale North America Oil Prices 150

Green Car Congress

FEBRUARY 8, 2018

However, the study found that the growth of CO 2 emissions by 2030 would only be 1-5% lower than if subsidies had been maintained, regardless of whether oil prices are low or high. First, these subsidies generally apply only to oil, gas, and electricity. This is facilitated by today’s low oil prices.

Emissions 186

Emissions Fuel CO2 Oil 186

Green Car Congress

APRIL 23, 2018

Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. Source: IHS Markit 2018.

Oil 276

Oil Global 2003 2007 276

Green Car Congress

DECEMBER 16, 2014

However, they noted, the estimation is highly uncertain, with a number of factors—especially related to electricity exports, sugar cane farming itself, and agrochemicals production and use—significantly affect the outcome. In the ES&T study base case, the researchers calculated a “rather optimistic” GHG footprint of 8.5g 95g CO2eq/MJ range.

Brazil 199

Brazil Renewable Fuel Oil Prices 199

Green Car Congress

FEBRUARY 13, 2011

The CAR study uses the distribution of hybrid sales as the basis to estimate the distribution of plug-in electric vehicle sales. Within the study, CAR denotes the percentages it used to divide national electric vehicle sales among states. electric vehicle sales, and a national estimate of electric vehicle market share annually.

2015 236

2015 Electric Vehicles Vehicles Sale 236

Green Car Congress

APRIL 7, 2021

EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel. That price increase paired with an increase in gasoline and diesel demand will likely increase the cost of regular gasoline and diesel fuel this summer. MMBtu in 2020 to $3.31/MMBtu

2019 186

2019 Fuel Coal Motor 186

Green Car Congress

APRIL 28, 2014

The fuel burns to produce intense temperature and pressure in the engine, which provides highly efficient power to turn electrical generators. CSIRO has focused on more cost-effective fuel production for much larger engines, potentially enabling DICE to become a viable option for meeting a wide range of electricity generation applications.

Coal 257

Coal Carbon Engine Emissions 257

Green Car Congress

JUNE 13, 2012

The “Arab Spring” affected oil and gas supplies—most notably the complete, albeit temporary, loss of Libyan supply—while the tragic Fukushima accident in Japan had knock-on effects for nuclear and other energy sources around the world. Prices increased in all regions. Gas production globally grew by 3.1%; the US recorded 7.7%

Coal 261

Coal Oil Renewable Saudi Arabia 261

Green Car Congress

APRIL 10, 2009

A new study by the French institute Enerdata, commissioned by the European Federation for Transport & Environment (T&E), suggests that the European CO 2 standards for new vehicles due to come into effect in 2012 will lead not only to a European savings on oil (mainly via lower oil import volumes) but also to slightly lower global oil prices.

Oil 150

Oil Standards Price Oil Prices 150

Green Car Congress

NOVEMBER 4, 2019

Of the increase in final demand in 2018, growth was strongest in gas (5.7%) and electricity (4.1%). Electricity demand growth came mostly from the buildings sector as more people gained access to modern energy services and exceptional weather drove demand for heating and cooling.

Global 150

Global Energy 2018 Coal 150

Green Car Congress

NOVEMBER 24, 2010

A co-production scenario—yet to be commercial—would take unconverted syngas from the FT reactor and combust it in a combined cycle power plant to generate electricity that is sold to the grid. Even with CCS, the liquid product costs are comparable to recent crude oil prices.

Coal 231

Coal Oil Prices CO2 Gas-Electric 231