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Surprise Natural Gas Drawdown Signals Higher Prices Ahead

Green Car Congress

The US electric power sector burned through a record amount of natural gas in recent weeks, a sign of the shifting power generation mix and also a signal that natural gas supplies could get tighter than many analysts had previously expected. The reduction of 6 billion cubic feet (Bcf) was the first summertime drawdown since 2006.

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Petrobras says it is expanding oil and gas production in the pre-salt in “economically viable” manner

Green Car Congress

Responding to press articles saying that the collapse of the global oil price is threatening oil and gas production in the off-shore Brazil pre-salt layer, Petrobras countered that it is expanding its production capacity “in an economically viable manner.” On Tuesday, 6 January, the price for WTI crude closed at $47.93/bbl,

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US EIA Projects World Energy Use to Grow 44% Between 2006 and 2030, CO2 Emissions Up by 39%

Green Car Congress

World marketed energy consumption is projected to grow by 44% between 2006 and 2030, driven by strong long-term economic growth in the developing nations of the world, according to the reference case projection from the International Energy Outlook 2009 ( IEO2009 ) released today by the US Energy Information Administration (EIA).

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Record $86B in 2011 US oil and gas upstream deals, led by unconventional sector with $62B

Green Car Congress

United States M&A activity for upstream oil and gas deals set records in 2011 for both deal values and deal counts, according to PLS, Inc., a provider of information, marketing and advisory services for the oil and gas industry. We expect continued strong activity in oil and liquids-rich resource plays in 2012.

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Fight Fascists & Save Money: Go Electric

CleanTechnica EVs

The price of a gallon of gasoline is surging, putting a strain on drivers’ pocketbooks. While prices at the pump seem extreme, we’ve been here before. Adjusted for inflation, gas prices were similarly high in 2006, 2008, and for a while after 2011.

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VTT study concludes gasification-based pathways can deliver low-carbon fuels from biomass for about 1.90-2.65 US$/gallon

Green Car Congress

The horizontal red lines show the comparable price of gasoline (before tax, refining margin 0.3 $/gal, exchange rate: 1 € = 1.326 $) with crude oil prices 100 $/bbl and 150 $/bbl. VTT’s test-rig for the Ultra-Clean Gas process. The UCG process was developed for the production of low-cost synthesis gas from biomass.

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IEA: Global CO2 emissions up by 1.0 Gt (3.2%) in 2011 to record high

Green Car Congress

Coal accounted for 45% of total energy-related CO 2 emissions in 2011, followed by oil (35%) and natural gas (20%). US emissions have now fallen by 430 Mt (7.7%) since 2006, the largest reduction of all countries or regions. Global CO 2 emissions from fossil-fuel combustion reached a record high of 31.6 Gt on 2010, or 3.2%.

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