Green Car Congress
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 this year and 12.8
Green Car Congress
JULY 4, 2022
As the world contends with a global energy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by renewables, according to a new special report by the IEA. However, a new era for nuclear power is by no means guaranteed.
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.
Green Car Congress
JUNE 2, 2022
This post examines the recent changes in the costs of powering gasoline, diesel, and electric vehicles. The reason is that, in the United States, oil is used to generate less than 1% of electricity. The expectation was that the cost of electricity had recently increased much less than the costs of gasoline and diesel.
Green Car Congress
MAY 12, 2023
The US Environmental Protection Agency (EPA) has proposed new CO 2 standards for coal and natural gas-fired power plants. Through 2042, EPA estimates the net climate and health benefits of the standards on new gas and existing coal-fired power plants are up to $85 billion.
Green Car Congress
AUGUST 10, 2022
The United States has also consumed more natural gas to meet electricity demand so far this summer than the previous five-year average. Other key takeaways from the August 2022 STEO forecast include: EIA expects US crude oil production to average 12.7 million barrels per day for the month. million barrels per day for the month.
Green Car Congress
MAY 22, 2020
Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 The oil market fear that characterized March and the extreme price pressure that producers felt in April have galvanized producers across North America into unprecedented action.
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