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

Green Car Congress

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. gal on 22 March.

2019 186
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Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

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On December 16, 2010 the US DOE Energy Information Agency (EIA) published a report projecting that renewable energy will still only constitute 12 percent of the USA’s energy sources by 2035. In France, renewable energy consumption will be 20 percent by 2020. EIA projections of renewables penetration. Source: EIA.

Renewable 220
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NSF Awards NCSU Team $2M For Research on Deriving Drop-in Renewable Hydrocarbon Fuels from Algae

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The first of many parallel steps for the research effort is to mass-culture the best oil-producing strains of Dunaliella , and then to map the Dunaliella genome and identify the genes responsible for regulating the quantities and qualities of the produced fatty acids. Earlier post.). It has to be cost-competitive, or none of this makes sense.

Renewable 218
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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. gallon gasoline. Click to enlarge. He also believes that sub-1.6L

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Dr. Paul addressed a positive change—the days of increasing US oil consumption may be over. “ by Bill Cooke.

Financing 150
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Canada Awards C$72.8M Subsidy to Husky Energy for Ethanol Plant

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Proposed regulations will require 5% renewable fuel content based on the national gasoline pool by 2010 and 2% renewable content in diesel and heating oil by 2011 or earlier, subject to technical feasibility. The Government of Canada plans to invest up to C$1.5

Canada 170
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EIA Estimates 2.1% Growth in Fossil Fuel CO2 Emissions in US in 2010; Still Below 1999-2008 Levels

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EIA projects that world oil consumption will grow by 1.5 This growth is the result of an expected recovery in the global economy, with world gross domestic product (GDP, on an oil-weighted basis) assumed to rise by more than 3 percent per year. US crude oil production averaged 5.32 million barrels per day (bbl/d) in 2010 and 1.6

2008 186