Remove 2000 Remove Global Remove International Remove Oil
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

New EIA report boosts estimates of global recoverable shale oil resources 10-fold to 345 billion barrels

Green Car Congress

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
article thumbnail

New study finds GHG emissions from palm oil production significantly underestimated; palm oil biofuels could be more climate-damaging than oil sands fuels

Green Car Congress

Based on visual interpretation of high-resolution (30 m) satellite images, a new study in the journal Global Change Biology: Bioenergy determined that industrial plantations covered over 3.1 When peat swamps are drained for agriculture, the peat begins to decompose, and is an enormous source of carbon emissions. Earlier post.).

Oil-Sands 314
article thumbnail

BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

Green Car Congress

Oil remains the world’s leading fuel, but its 33.1% Global energy consumption grew by 2.5% Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% globally, and 8.4% Source: BP.

Coal 261
article thumbnail

Study finds that worldwide SO2 emissions rose between 2000-2005 after decade of decline; China, shipping topped growth

Green Car Congress

Global sulfur dioxide emissions by region. Sulfur aerosols impact human health, ecosystems, agriculture, and global and regional climate. While the overall global uncertainty in sulfur dioxide emissions is relatively small, regional uncertainties ranged up to 30%. Credit: Smith et al. Click to enlarge. —Smith et al.

2005 186
article thumbnail

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

Green Car Congress

China is the global leader in methanol use and has recently expanded its methanol production capacity. Annual methanol consumption in China, 2000-16. MTG units involve high capital costs and are only cost-competitive when oil prices are high. Source: EIA and Argus Media group, China Methanol to Energy Study , January 2017.

2000 150
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.

Oil 150