Cost Of, Oil Prices, Resource and Supplies

The Next Oil Price Spike May Cripple The Industry

Green Car Congress

AUGUST 25, 2017

Two diametrically opposed views dominate the current debate about where the oil price is heading. On the other hand, however, there is the view that the price of oil is set to explode, primarily due to underinvestment in the upkeep of brownfields , development of greenfields , and exploration for new resources.

Oil Prices

Oil Prices Oil Industrial Industry

Huge Backlog Could Trigger New Wave Of Shale Oil

Green Car Congress

JANUARY 23, 2019

That leaves a rather large backlog that could add a wave of new supply, even if the pace of drilling begins to slow. Some level of DUCs is normal, but the ballooning number of uncompleted wells has repeatedly fueled speculation that a sudden rush of new supply might come if companies shift those wells into production.

Oil

Oil Oil Prices 2019 Price

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

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

2020 Energy Transportation Oil Prices

Biosyncrude Gasification Process Could Produce Motor Fuel at Cost of Around $3/gallon

Green Car Congress

JANUARY 31, 2009

A crude oil price of US$100/bbl results in an approximate cost of €0.56/L A sufficient and sustainable long-term supply with liquid hydrocarbon fuels seems possible only for special applications where liquid fuels are hard to replace e.g., as aviation fuel. With ±30% estimate error, this is between €0.56 per liter (US$2.72-5.03/gallon

Cost Of

Cost Of Motor Motors Motoring

Global Bioenergies reports first production of green isobutene at demo plant

Green Car Congress

DECEMBER 15, 2016

With a nameplate capacity of 100 tons/year, the demo plant will allow the conversion of various resources (industrial-grade sugar from beets and cane, glucose syrup from cereals, second-generation sugars extracted from wheat straw, bagasse, wood chips…), into high-purity isobutene. Earlier post.).

Global

Global Green Production Convert

Accenture Reports Identifies 12 Disruptive Technologies Most Likely to Transform Supply and Demand of Transport Fuels and Cut Emissions Within Next 10 Years

Green Car Congress

NOVEMBER 10, 2009

Accenture has identified 12 technologies that it concludes have the potential to disrupt the current views of transport fuels supply, demand and GHG emissions over the next 10 years. Will be competitive at an oil price of $45 to $90 at their commercial date. Technologies that stretch today’s assets and resources.

Transportation

Transportation Supplies Emissions Fuel

KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

Green Car Congress

FEBRUARY 15, 2012

The KPMG study, “Expect the Unexpected: Building Business Value in a Changing World”, explores issues such as climate change, energy and fuel volatility, water availability and cost and resource availability, as well as population growth spawning new urban centers. Source: KPMG. Click to enlarge.

Climate Change

Climate Change Water Climate Global

Study finds no alternative to widespread switching of direct fuel uses to electricity to meet 2050 California GHG targets; putting detail in climate wedges

Green Car Congress

NOVEMBER 27, 2011

Technically feasible levels of energy efficiency and decarbonized energy supply alone will not be sufficient to reduce greenhouse gas emissions 80% below 1990 levels by 2050, according to a detailed modeling of the California economy performed by a team from Energy and Environmental Economics, the Monterey. Williams et al. Click to enlarge.

Climate

Climate California Fuel Gas-Electric

AECOM study finds EV adoption in Victoria can offer significant economic benefits by late 2020s; PHEVs initially lead uptake

Green Car Congress

JULY 12, 2011

scenarios, and the sensitivity of the model to particular factors, the analysis reveals areas where intervention may be warranted: The capital costs associated with vehicle purchase, in relation to the costs for conventional vehicles; Supply constraints in the Australian market; and. supply constraints into the Australia market.

PHEV

PHEV Oil Prices Australia Price

IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

Green Car Congress

JANUARY 17, 2015

The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Real weighted average cost of capital is 7.5% Source: IRENA.

Renewable

Renewable Parts Power Powered

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

Bergerson and Keith pay particular attention to CCS, showing how divergent views about its cost effectiveness emerge from divergent choices about the scale of analysis. In Alberta, for example, CO 2 emissions from coal-fired electric power exceed emissions from oil sands and the costs of reducing emissions from coal electricity are lower.

Oil-Sands

Oil-Sands Oil Emissions Coal

Study finds government and vehicle manufacturers need to introduce long-term incentives and prices cuts to create sustainable market for ultra-low emission vans

Green Car Congress

MARCH 19, 2012

Element Energy used a component-based cost model to estimate the current and future costs of conventional and novel powertrains based on peer-reviewed data—e.g., on batteries and fuel cell costs trends and the costs of vehicle mass reduction. Fuel cell system cost projections over time and volume.

Emissions

Emissions Manufacturer Market Price

GM and Hawaii Gas Company to Collaborate on Hydrogen Infrastructure Pilot; Different Approach to Provisioning Fueling Stations

Green Car Congress

MAY 11, 2010

The cost of deploying a PSA system and associated refueling pump at a fueling stations will be on the order of $300,000 to $500,000, said Jeff Kissel, president and CEO of TGC during a briefing on the announcement—about one-quarter of the cost of currently installing a more conventional hydrogen fueling station in the US. Jeff Kissel.

Hawaii

Hawaii Hydrogen GM Gas

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

Green Car Congress

DECEMBER 5, 2012

Biofuels grow at a slower rate due to lower crude oil prices and. The decline reflects increased domestic production of both petroleum and natural gas, increased use of biofuels, and lower demand resulting from the adoption of new vehicle fuel efficiency standards and rising energy prices. Biomass and biofuels growth is slower.

Fuel

Fuel Energy Sale 2013

Study suggests that decarbonizing US transport sector by converting waste CO2 to fuels would require economical air-capture of CO2

Green Car Congress

NOVEMBER 7, 2010

In the near-term pre-CCS era, with a low cost of carbon, the economical solution for power providers is to vent the CO 2 and pay the fees, passing on the costs to customers. Over time, however, as the CO 2 price increases, it eventually becomes more economical to either retrofit plants to capture and store most of.

Transportation

Transportation Convert Waste CO2

MITEI releases report on Electrification of the Transportation System

Green Car Congress

JANUARY 13, 2011

Electrification will also reduce oil dependence, providing foreign policy benefits and the potential to reduce real oil prices and oil price volatility. Electrification will reduce emissions, with the scale determined by the carbon intensity of the power sector. Vehicle technologies. —Deutch and Moniz.

Transportation

Transportation MIT Oil Prices Oil

Sandia Labs/GM Biofuels Systems Study Concludes Large-Scale Production of Advanced Biofuels is Achievable and Sustainable

Green Car Congress

FEBRUARY 10, 2009

Since previous studies have addressed the biomass supply potential, but not the supply chain rollout needed to achieve large biofuels production targets, the focus of this study was to develop a comprehensive systems understanding of the evolution of the complete biofuels supply chain and key interdependencies over time.

GM

GM Production Conversion Oil Prices

Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Green Car Congress

AUGUST 30, 2009

The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil. by Brian J.

Transportation

Transportation Fuel Renewable Gasoline-Electric

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

Green Car Congress

OCTOBER 25, 2009

The focus of the work was on alternative jet fuels that could be available commercially in the next decade using primarily North American resources. For world crude oil prices in the range of $100 per barrel, this amounts to a price impact of roughly $5 to $13 per barrel. million bpd. Hileman, David S. Ortiz, James T.

MIT

MIT Oil-Sands Commercial Available

Study Finds Government Mandates Superior to All Other Biofuels Policies, But Mixing With Subsidies Causes Adverse Effects; The Argument for a Direct CO2 Tax

Green Car Congress

FEBRUARY 17, 2010

Other findings from the study include: Ethanol policy can have a substantial impact on corn prices. However, production costs of US corn-ethanol are very high. The gap between the intercept of the ethanol supply curve and the oil price creates large deadweight costs that may overwhelm any external benefits.

Tax

Tax CO2 Renewable Standards

Study Finds EVs Economically and Financially Viable in New South Wales, Australia Market Today

Green Car Congress

JANUARY 18, 2010

The study found that for small and medium passenger vehicles, expected lifetime cost per kilometer for EVs is already lower than that of conventional ICE. The total cost of ownership includes the vehicle price, annual fuel and maintenance costs and insurance. Future costs have been discounted at 7%. Source: AECOM.

Australia

Australia Market Plug-in Plug

National Research Council report finds it unlikely the US will meet cellulosic biofuel mandates absent major innovation or a change in policies

Green Car Congress

OCTOBER 4, 2011

A key barrier to achieving RFS2 is the high cost of producing biofuels compared to petroleum-based fuels and the large capital investments required to put billions of gallons of production capacity in place. If competition for bioenergy feedstocks intensifies because of low supply, the price will likely increase.

Renewable

Renewable Tax Credit Conversion Standards

CAR releases study on use of bio-based materials in automotive sector; potential for the Great Lakes Region

Green Car Congress

MARCH 30, 2012

Encouraging bio-manufacturing and its associated value chain development, and building upon its current expertise in producing conventional parts for automakers, may position the Great Lakes region at a global competitive advantage as oil prices climb, and the demand for more bio-based parts increases.

Polymer

Polymer Cars Automobile Standards

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

Green Car Congress

NOVEMBER 12, 2012

The cost of fossil-fuel subsidies has been driven up by higher oil prices; they remain most prevalent in the Middle East and North Africa, where momentum towards their reform appears to have been lost. Despite the growth in low-carbon sources of energy, fossil fuels remain dominant in the global energy mix, supported.

Global

Global 2012 Energy Oil

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

Green Car Congress

JUNE 23, 2011

Per-well oil production at Kern River is low—the average is 8 barrels of oil per well per day—but there are more than 9,000 production wells in operation in the field. the steam required, represented by barrels of water, to produce one barrel of oil) from a peak of almost 8.5 Worldwide heavy oil reserves by country.

Chevron

Chevron Oil Oil-Sands Production

US National Research Council Report Finds Plug-in Hybrid Costs Likely to Remain High; Fleet Fuel Consumption and Carbon Emissions Benefits Will Be Modest for Decades

Green Car Congress

DECEMBER 15, 2009

Costs of light-duty plug-in hybrid electric vehicles (PHEVs) are high—largely due to their lithium-ion batteries—and unlikely to drastically decrease in the near future, according to a new report from the National Research Council (NRC). Most of the electricity used to power these cars will be supplied from the nation’s power grid.

Plug-in

Plug-in Plug PHEV Hybrid

US DOE progress report says 1M plug-ins by 2015 ambitious but achievable; not likely to be constrained by production capacity

Green Car Congress

FEBRUARY 8, 2011

Estimated US supply of PEVs from 2011-2015. The cumulative impacts of the various policy initiatives, the experience of the early purchasers of electric-drive vehicles and future oil prices will all play a role in determining future consumer demand. and model 2011 2012 2013 2014 2015. Fisker Karma EREV. Fisker Nina EREV.

2015

2015 Plug-in Tax Credit Plug

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

Green Car Congress

SEPTEMBER 28, 2011

Although biofuels have other economic or security advantages, DOE understands that any drop-in liquid fuel will not insulate consumers from the global oil price. In addition, the application of high-performance computing (HPC) and simulations to engine design can reduce the time and cost of integrating new technologies.

Transportation

Transportation Fuel Economy Light Fuel

Comprehensive modeling study finds electric drive vehicle deployment has little observed effect on US system-wide emissions

Green Car Congress

JANUARY 15, 2014

No EDV deployment occurs with high battery costs, low oil prices, and no CO 2 policy. higher oil prices, a CO 2 policy, lower battery cost—the median market shares increase. higher oil prices, a CO 2 policy, lower battery cost—the median market shares increase.

Emissions

Emissions Oil Prices Vehicles Oil

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

Green Car Congress

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. The US moves steadily towards meeting all of its energy needs from domestic resources by 2035. Contributions to global oil production growth. Technology and oil. Source: IEA. Click to enlarge.

Oil

Oil 2013 Energy Emissions

Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

Green Car Congress

FEBRUARY 4, 2011

While US automakers are working on PEVs, the US electric vehicle industry lags behind other regions—particularly Asia—in the areas of battery manufacturing, supply chain development, and raw materials production. PEV offerings have also been announced throughout Europe and Asia. The Report of an Expert Panel.

Plug-in

Plug-in 2015 Plug Recharge

Study details viable pathway to develop sustainable aviation biofuels industry in Pacific Northwest; hydroprocessing of natural oils seen as the most immediate opportunity

Green Car Congress

MAY 25, 2011

Biomass resources of the US, with the Northwest circled. Established hydroprocessing technologies to produce aviation fuels from natural oils. supply chains for sustainable aviation fuels utilizing oils from oilseed crops such as camelina, as well as algae and biomass. Source: SAFN report, via NREL. Click to enlarge.

Oil

Oil Industrial Industry Renewable

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.

Oil

Oil Transportation Cheap Fleet

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

APRIL 16, 2009

An on-board computer system will indicate to the driver the remaining power supply and the nearest charging spot. Annual use of an EV should be less than the average cost of $8,000 per year for using a gasoline in many countries including the USA. Electric vehicles will be available for customers in 2011. SZ (1) 6753.T SZ (1) 6753.T

Grid

Grid Electric Vehicles Vehicles Oil-Sands

EV Driven

The Next Oil Price Spike May Cripple The Industry

Huge Backlog Could Trigger New Wave Of Shale Oil

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

Biosyncrude Gasification Process Could Produce Motor Fuel at Cost of Around $3/gallon

Global Bioenergies reports first production of green isobutene at demo plant

Accenture Reports Identifies 12 Disruptive Technologies Most Likely to Transform Supply and Demand of Transport Fuels and Cut Emissions Within Next 10 Years

KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

Study finds no alternative to widespread switching of direct fuel uses to electricity to meet 2050 California GHG targets; putting detail in climate wedges

AECOM study finds EV adoption in Victoria can offer significant economic benefits by late 2020s; PHEVs initially lead uptake

IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

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

Study finds government and vehicle manufacturers need to introduce long-term incentives and prices cuts to create sustainable market for ultra-low emission vans

GM and Hawaii Gas Company to Collaborate on Hydrogen Infrastructure Pilot; Different Approach to Provisioning Fueling Stations

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

Study suggests that decarbonizing US transport sector by converting waste CO2 to fuels would require economical air-capture of CO2

MITEI releases report on Electrification of the Transportation System

Sandia Labs/GM Biofuels Systems Study Concludes Large-Scale Production of Advanced Biofuels is Achievable and Sustainable

Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

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

Study Finds Government Mandates Superior to All Other Biofuels Policies, But Mixing With Subsidies Causes Adverse Effects; The Argument for a Direct CO2 Tax

Study Finds EVs Economically and Financially Viable in New South Wales, Australia Market Today

National Research Council report finds it unlikely the US will meet cellulosic biofuel mandates absent major innovation or a change in policies

CAR releases study on use of bio-based materials in automotive sector; potential for the Great Lakes Region

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

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

US National Research Council Report Finds Plug-in Hybrid Costs Likely to Remain High; Fleet Fuel Consumption and Carbon Emissions Benefits Will Be Modest for Decades

US DOE progress report says 1M plug-ins by 2015 ambitious but achievable; not likely to be constrained by production capacity

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

Comprehensive modeling study finds electric drive vehicle deployment has little observed effect on US system-wide emissions

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

Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

Study details viable pathway to develop sustainable aviation biofuels industry in Pacific Northwest; hydroprocessing of natural oils seen as the most immediate opportunity

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

Cleantech Blog: Smart Grids and Electric Vehicles

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