article thumbnail

Production of crude oil as a percentage of proved reserves: Recent worldwide and US trends

Green Car Congress

In this analysis, I examined the relation between crude-oil production and crude-oil reserves in the world overall and in the United States alone. 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 1980 represented 3.4%

Oil 342
article thumbnail

IEA: Global oil discoveries and new projects fell to historic lows in 2016 while US shale surged; “two-speed” market

Green Car Congress

Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that both trends could continue this year. Oil discoveries declined to 2.4

Oil 150
article thumbnail

EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

Green Car Congress

The report estimates consumption to have been more than 500,000 barrels per day (b/d) in 2016. Annual methanol consumption in China, 2000-16. Consumption of MTBE and other derivatives in China was estimated at 230,000 b/d in 2016. MTG units involve high capital costs and are only cost-competitive when oil prices are high.

2000 150
article thumbnail

California 2017 GHG inventory shows 1.2% total drop from 2016; transportation sector emissions up 1%

Green Car Congress

In 2017, emissions from GHG emitting activities statewide were 424 million metric tons of CO 2 equivalent (MMTCO 2 e), 5 MMTCO 2 e lower than 2016 levels and 7 MMTCO 2 e below the 2020 GHG Limit of 431 MMTCO 2 e. Compared to 2016, California’s GDP grew 3.6% Changes in emissions by Scoping Plan sector between 2000 and 2017.

2017 230
article thumbnail

API: US petroleum demand last month highest for October since 2007; 19.9 mbpd

Green Car Congress

from October 2016 to average 19.9 million barrels per day in October, reaching the second highest output in October since 2000. US crude oil production in October remained strong and above 9.0 Domestic crude oil production increased 7.0% from October 2016 to average just above 9.6 compared with year-to-date 2016.

2007 186
article thumbnail

IEA: improving efficiency of road-freight transport critical to reduce oil-demand growth; three areas of focus

Green Car Congress

Improving the efficiency of road-freight transport is critical to reducing the growth in oil demand, carbon emissions and air pollution over the next decades, according to the International Energy Agency’s latest report, The Future of Trucks: Implications for energy and the environment. Modern Truck Scenario.

Oil 150
article thumbnail

Disneyland will remake its Autopia around EVs in 2026

Baua Electric

Honda might have issue with the term “smog-spewing,” as it noted to Green Car Reports that when it began its sponsorship of Autopia in 2016 it replaced existing engines at the attraction with more efficient Honda iGX270 engines. Since 2016, the attraction has been sponsored by Honda. EV production.