Green Car Congress
FEBRUARY 23, 2017
The report estimates consumption to have been more than 500,000 barrels per day (b/d) in 2016. 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.
Green Car Congress
DECEMBER 4, 2016
BP has sanctioned the $9-billion Mad Dog Phase 2 project in the United States, despite the current low oil price environment. Today, the leaner $9-billion project, which also includes capacity for water injection, is projected to be profitable at or below current oil prices.
Green Car Congress
APRIL 6, 2017
On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. In 2016, only 3.7 billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 Globally, exploratory drilling fell by almost 20 percent in 2015 and fell even further in 2016.
Green Car Congress
DECEMBER 5, 2012
Because quickly rising natural gas production outpaces domestic consumption, the United States will become a net exporter of liquefied natural gas (LNG) in 2016 and a net exporter of total natural gas (including via pipelines) in 2020. Biofuels grow at a slower rate due to lower crude oil prices and. than in AEO2012.
Green Car Congress
JANUARY 23, 2012
The United States is projected to become a net exporter of liquefied natural gas (LNG) in 2016, a net pipeline exporter in 2025, and an overall net exporter of natural gas in 2021. Total US energy-related CO 2 emissions remain below their 2005 level through 2035.
Green Car Congress
DECEMBER 16, 2013
Domestic crude oil production increases sharply in the AEO2014 Reference case, with annual growth averaging 0.8 million barrels per day (MMbbl/d) through 2016, when domestic production comes close to the historical high of 9.6 With domestic crude oil production rising to 9.5 MMbbl/d achieved in 1970. trillion cubic feet (Tcf).
Green Car Congress
DECEMBER 17, 2010
Assuming no changes in policy related to greenhouse gases, carbon dioxide emissions grow slowly, but do not again reach 2005 levels until 2027. After falling 3% in 2008 and nearly 7% in 2009, largely driven by the economic downturn, energy-related CO 2 emissions do not return to 2005 levels (5,980 million metric tons) until 2027.
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