Green Car Congress

MARCH 10, 2021

US crude oil production averaged 11.3 million b/d in 2019, according to the US Energy Information Administration (EIA). The production decline resulted from reduced drilling activity related to low oil prices in 2020. The production decline resulted from reduced drilling activity related to low oil prices in 2020.

Oil 418

Oil 2020 North Dakota New Mexico 418

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APRIL 1, 2022

In an effort to address the rapidly increasing cost of gasoline, President Biden authorized the release of 1 million barrels of oil per day for the next six months—more than 180 million barrels—from the Strategic Petroleum Reserve (SPR). million barrels of sweet and 200,000 barrels of sour crude oil. Background.

Oil 418

Oil Ukraine Libya Iraq 418

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MAY 11, 2022

The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 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). million barrels per day set in 2019.

Oil 344

Oil Price Production Oil Prices 344

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FEBRUARY 18, 2020

The majority (69%) of primary energy imported into the United States in 2018 was crude oil, with petroleum products and natural gas also having significant shares, according to the US Energy Information Administration (EIA). Energy Information Administration, Monthly Energy Review, December 2019, Tables 1.4a

Oil 269

Oil 2018 Energy Coal 269

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DECEMBER 31, 2022

In 2021, proved reserves of natural gas set a new record in the United States, and proved reserves of crude oil and lease condensate increased, but not quite to pre-pandemic levels, according to the US Energy Information Administration (EIA). Reserves estimates change from year to year because of: New discoveries.

Oil 259

Oil Gas Alaska New Mexico 259

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JANUARY 11, 2023

The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. EIA also expects oil production in Canada, Brazil, and Norway collectively to grow 12% from 2022 to 2024, and also expects growth from new sources such as Guyana.

Oil Prices 210

Oil Prices Oil Global Price 210

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JUNE 16, 2021

In the June Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) forecasts that rising global production of petroleum and other liquid fuels (driven by OPEC, Russia, and the United States) will limit price increases for global crude oil benchmarks Brent and West Texas Intermediate (WTI).

Oil 243

Oil Global Price Production 243

Green Car Congress

JANUARY 31, 2023

Proved reserves of natural gas in the United States grew to a new record of 625.4 trillion cubic feet (Tcf) in 2021, a 32% increase from 2020, according to the US Energy Information Administration’s (EIA’s) recently released Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2021 report.

Gas 457

Gas Alaska Louisiana United States 457

Green Car Congress

JUNE 8, 2021

In 2020, net petroleum imports (total imports minus exports) were negative for the first time since the US Energy Information Administration began tracking them—i.e., the United States exported more petroleum than it imported. This includes crude oil and petroleum products. Net imports peaked in 2005 at 12.5

2020 389

2020 2005 Oil United States 389

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MARCH 26, 2019

In this analysis, I examined the relation between crude-oil production and crude-oil reserves in the world and in the United States. The variable of interest was the amount of crude oil produced as a percentage of proved reserves of crude oil. For the world, production of crude oil in 1987 represented 3.0%

Oil 239

Oil Production United States 2017 239

Green Car Congress

JANUARY 12, 2022

The US Energy Information Administration (EIA) forecasts that US oil production will average 12.4 million barrels per day during 2023, surpassing the record high for domestic crude oil production set in 2019. EIA also expects OPEC to increase its crude oil production to 28.9 million barrels per day in 2021.

Oil 199

Oil Production Coal Solar 199

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APRIL 5, 2023

Strong continuing international demand for petroleum and other liquids will sustain US production above 2022 levels through 2050, according to most of the cases in the US Energy Information Administration’s (EIA’s) Annual Energy Outlook 2023 (AEO2023). These cases include: The Reference case, which serves as a baseline, or benchmark, case.

International 273

International Oil Prices Production Oil 273

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JUNE 30, 2020

The United States exported 1.2 mmbd of petroleum to Mexico in 2019, which was 14% of total US petroleum exports, according to the US Energy Information Administration (EIA). Includes crude oil and petroleum products, such as gasoline, diesel and jet fuel. million barrels per day (mmbd) in 2019. Canada received 1.0

Mexico 414

Mexico Canada South Korea 2019 414

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MAY 30, 2018

Gasoline is one of the products refined from crude oil. Thus, the price of crude oil should have a strong influence on the price of gasoline. The Energy Information Administration (EIA) estimates that in the United States from 2008 to 2017, crude oil represented only 61% of the retail price of gasoline.

Oil Prices 220

Oil Prices Gasoline Oil Price 220

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NOVEMBER 3, 2021

The US Environmental Protection Agency (EPA) is proposing comprehensive new regulations to reduce methane emissions from the oil and natural gas industry—including, for the first time, reductions from existing sources nationwide. Source: EPA.

EPA 243

EPA Oil Gas Emissions 243

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JANUARY 21, 2020

In 1982 there were over 250 operating crude oil refineries in the United States; that number declined to 132 by 2019, according to data from the US Department of Energy (DOE). Energy Information Administration. Meanwhile, the total distillation capacity of all refineries combined increased from a low of 14.4 Source: U.S.

2019 195

2019 Oil United States Available 195

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AUGUST 25, 2020

billion gallons of biodiesel was produced in the United States in 2018 with production in 34 states, according to data from the US Energy Information Administration (EIA). Biodiesel has similar fuel properties to petroleum diesel but is manufactured from vegetable oils, animal fats, or recycled restaurant grease.

2018 397

2018 Montana Missouri Iowa 397

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AUGUST 24, 2018

The US Energy Information Administration (EIA) August Short-Term Energy Outlook (STEO) forecasts that US crude oil production will average 10.7 Source: US Energy Information Administration, Short-Term Energy Outlook, August 2018. Source: US Energy Information Administration, Short-Term Energy Outlook, August 2018.

2019 236

2019 Oil Production 2018 236

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AUGUST 21, 2018

The US port district of Houston-Galveston in Texas recently began exporting more crude oil than it imported for the first time on record, according to the US Energy Information Administration (EIA). In April 2018, crude oil exports from Houston-Galveston surpassed crude oil imports by 15,000 barrels per day (b/d).

Houston 150

Houston Oil United States 2018 150

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AUGUST 10, 2022

The US Energy Information Administration (EIA) expects US electricity consumption this year to increase 2.4% The United States has also consumed more natural gas to meet electricity demand so far this summer than the previous five-year average. million barrels per day for the month. million barrels per day for the month.

Gas-Electric 273

Gas-Electric United States Solar Gas 273

Green Car Congress

NOVEMBER 11, 2022

Strong demand for ultra-low sulfur diesel (ULSD) in October, combined with reduced global production, has resulted in lower ULSD inventories in the United States, according to the US Energy Information Administration (EIA). ULSD is the most widely consumed form of distillate fuel oil.

Diesel 195

Diesel Price United States Oil 195

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JUNE 18, 2022

The US Energy Information Administration (EIA) forecasts that liquid fuels production in Brazil, Canada, and China will increase this year and next, contributing to growth in overall non-OPEC petroleum production. Data source: US Energy Information Administration, Short-Term Energy Outlook (STEO), June 2022. million b/d) in 2021.

Brazil 259

Brazil Canada Oil-Sands China 259

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JUNE 10, 2013

Map of basins with assessed shale oil and shale gas formations, as of May 2013. Among the highlights in the 2013 report is a 10-fold increase in the estimate of technically recoverable shale / tight oil from 32 billion barrels (from the EIA’s Annual Energy Outlook 2011 ) to 345 billion barrels. Source: US EIA. Click to enlarge.

Oil 281

Oil Algeria United States Argentina 281

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APRIL 20, 2022

The US Energy Information Administration (EIA) forecasts that retail gasoline prices will average $3.84 Source: US Energy Information Administration, Short-Term Energy Outlook (STEO). EIA expects higher fuel prices this summer as a result of higher crude oil prices. Greater demand will contribute to higher crude oil prices.

Gasoline 259

Gasoline 2014 Diesel Price 259

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NOVEMBER 15, 2013

The latest monthly update of estimated crude oil production in the Bakken region of North Dakota and Montana shows total wellhead output topping 1 million barrels of oil per day (bbl/d) next month. The update appears in the most recent issue of the US Energy Information Administration’s Drilling Productivity Report (DPR).

Oil 270

Oil North Dakota Production Montana 270

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JULY 21, 2022

In the United States, refining capacity has decreased by about 1.1 Less petroleum demand and the associated lower petroleum product prices encouraged refinery closures, reducing global refining capacity, particularly in the United States, Europe, and Japan. million b/d in 2022 and by an additional 1.6 million b/d in 2023.

Global 448

Global China Kuwait Oman 448

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OCTOBER 2, 2019

Conventional oil and gas discoveries during the past three years are at the lowest levels in seven decades and a significant rebound is not expected, according to a new report by global business information provider IHS Markit. —Keith King, senior advisor at IHS Markit and a lead author of the IHS Markit E&P trends analysis.

Oil 199

Oil Gas Oil Prices Water 199

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APRIL 20, 2013

Crude oil imports from the top five foreign suppliers to the United States—which in 2012 were Canada, Saudi Arabia, Mexico, Venezuela, and Iraq, in that order—accounted for almost 72% of total US net crude oil imports, the highest proportion since 1997, according to the US Energy Information Administration (EIA).

Saudi Arabia 262

Saudi Arabia Oil Iraq Venezuela 262

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APRIL 2, 2017

Notwithstanding that oil demand has increased for over 150 years, it will eventually stop increasing. If oil demand were to reach an actual peak, then the top might be easier to predict. On the other hand, the United States has already seen demand decline for about 13 years. by Dwayne Purvis for Oilprice.com.

Oil 250

Oil Saudi Arabia 2007 Supplies 250

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JUNE 2, 2022

The reason is that, in the United States, oil is used to generate less than 1% of electricity. Therefore, the recent jump in oil prices (because of the war in Ukraine), should have only a relatively small indirect effect on the cost of electricity. The table below shows all available average monthly prices for 2022.

Gasoline-Electric 321

Gasoline-Electric Gasoline Cost Of Diesel 321

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JULY 7, 2021

In 2020, total consumption of fossil fuels in the United States, including petroleum, natural gas, and coal, fell to 72.9 quadrillion British thermal units (Btu), down 9% from 2019 and the lowest level since 1991, according to the US Energy Information Administration (EIA) Monthly Energy Review.

2020 418

2020 Fuel Coal Gas-Electric 418

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JANUARY 7, 2021

However, the starting year of this analysis is 1966 because (1) for 1923 through 1935, fuel-economy information is available only for the entire fleet of all vehicles, and (2) from 1936 through 1965, light trucks were included with other trucks in the relevant statistics.?. (My previous update included data through 2017.).

Fuel Economy 435

Fuel Economy 2019 Economy Light 435

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DECEMBER 10, 2019

Annual petroleum production in the United States doubled from 6.8 Note: Petroleum includes crude oil and natural gas liquids. Energy Information Administration, Monthly Energy Review, September 2019, Table 3.1. million barrels per day (mmbd) in 2008 to 15.3 mmbd in 2018, according to the US Department of Energy (DOE).

2008 195

2008 2018 Production 2014 195

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FEBRUARY 3, 2023

US production capacity for renewable diesel could more than double from current levels by the end of 2025, based on several announcements for projects that are either under construction or could start development soon, according to the US Energy Information Administration (EIA). billion gallons per year (gal/y), at the end of 2022.

Renewable 195

Renewable Diesel Montana Tax Credit 195

Teslarati

APRIL 15, 2021

Goldman Sachs is preparing for the lapse of the Age of Oil, predicting big gains for the companies that continue to help expand the footprint of sustainable energy. However, Tesla isn’t the only car company that is listed , and cars are not the only topic that Goldman analysts are bullish on as the Age of Oil begins its imminent demise.

Oil 139

Oil Buy Tesla Petrol 139

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JULY 18, 2020

The PODA model is a machine-learning-based model to project the US gasoline demand using COVID-19 pandemic data, government policies and demographic information. However, few studies have quantified and forecast the oil demands under multiple pandemic scenarios, and this research is desperately needed. —Ou et al.

Gasoline 505

Gasoline Motor Motors Motoring 505

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MARCH 25, 2013

Secretary of the Interior Ken Salazar last week announced the Department of the Interior’s final plan for encouraging research, development and demonstration (RD&D) of oil shale and oil sands resources on Bureau of Land Management (BLM) lands in Colorado, Utah and Wyoming. Earlier post.).

Oil-Sands 225

Oil-Sands Oil Wyoming Utah 225