2010, Gas, Oil Prices and Resource

EIA: world energy consumption to grow 56% 2010-2040, CO2 up 46%; use of liquid fuels in transportation up 38%

Green Car Congress

JULY 25, 2013

World energy consumption by fuel type, 2010-2040. The US Energy Information Administration’s (EIA’s) International Energy Outlook 2013 (IEO2013) projects that world energy consumption will grow by 56% between 2010 and 2040, from 524 quadrillion British thermal units (Btu) to 820 quadrillion Btu. Source: IEO2013.

2010

2010 Transportation Fuel Energy

MIT/UC Davis professors challenge claims that ethanol production decreased gasoline prices in 2010 and 2011

Green Car Congress

JULY 17, 2012

Knittel/Smith results for implied gasoline price effects from elimination of ethanol for 2010 using Du/Hayes model and pooled-sample estimates. in 2010 and 2011, respectively. in 2010 and 2011, respectively. Smith is an Associate Professor of Agricultural and Resource Economics at the University of California, Davis.

Davis

Davis MIT Gasoline 2010

Opinion: Here’s what will send oil prices back up again

Green Car Congress

MARCH 5, 2015

Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face of both history and common sense. The question we should be asking ourselves is not if oil prices will recover, but when they will. Supply alone, however, doesn’t determine price. That is a good thing.

Oil Prices

Oil Prices Oil Price Saudi Arabia

EIA Energy Outlook 2011 more than doubles estimates of US shale gas resources; higher production at lower prices

Green Car Congress

DECEMBER 17, 2010

Shale gas offsets declines in other US supply to meet. The Annual Energy Outlook 2011 (AEO2011) Reference case released yesterday by the US Energy Information Administration (EIA) more than doubles the technically recoverable US shale gas resources assumed in AEO2010 and added new shale oil resources. Source: EIA.

Gas

Gas 2011 Price Energy

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

Green Car Congress

JANUARY 16, 2012

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.

El Paso

El Paso 2011 Oil Gas

Nikkei: popularity of fuel-efficient vehicles lowering demand for gasoline in Japan

Green Car Congress

JULY 7, 2012

The Nikkei reports that the nationwide average price in Japan for regular gasoline was ¥139.8 per gallon US) as of Monday, dropping for the 13 th straight week to a 16-month low, according to the Agency for Natural Resources and Energy. Gasoline consumption that year is expected to be about 60% lower than the fiscal 2010 level.

Japan

Japan Gasoline Fuel Gasoline-Electric

Sandia study finds meeting RFS2 requirements unlikely without stronger enforcement mechanism; the importance of drop-in biofuels

Green Car Congress

JANUARY 6, 2014

The model begins in 2010 with 220 million LDV spark-ignition (gasoline) vehicles, 9.7 Among their findings were: RFS2 is satisfied at extreme oil prices (at least $215/barrel). This oil price encourages biofuel use in the RFS2 timeframe, but not in the long run. million E85 flex-fuel vehicles; 1.8 Barter, Dawn K.

Oil Prices

Oil Prices Gasoline-Electric Gasoline Oil

EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

Green Car Congress

JANUARY 23, 2012

EIA’s AEO2012 projects a continued decline in US imports of liquid fuels due to increased production of gas liquids and biofuels and greater fuel efficiency. Net petroleum imports as a share of total US liquid fuels consumed drop from 49% in 2010 to 38% in 2020 and 36% in 2035 in AEO2012. million barrels per day in 2010.

Oil

Oil 2005 Production 2010

Study finds that dry-feed gasification for coal-to-liquids is more efficient, lower-emitting and cheaper than slurry-feed; CCS cost-effective for reduction of CO2

Green Car Congress

NOVEMBER 24, 2010

Even with CCS, the liquid product costs are comparable to recent crude oil prices. For a liquids-only configuration, CCS is a cheaper option when the CO 2 price exceeds $12/tonne. GHGT-10 took place 9-23 September 2010 in RAI, Amsterdam, The Netherlands. The liquids output capacity of CTL plants is 50,000 barrels/day.

Coal

Coal Oil Prices CO2 Gas-Electric

ICCT updates US airline fuel efficiency rankings; Alaska stays on top, American on bottom

Green Car Congress

OCTOBER 22, 2015

On average, Alaska has operated the most efficient US domestic flights for five years running since 2010. In 2010, there were 145 seats on an average US domestic flight flown by the mainline carriers. Commercial aircraft accounted for 11% of greenhouse gas (GHG) emissions from the US transportation sector in 2013.

Alaska

Alaska Fuel 2014 2013

KPMG survey finds majority of energy execs see oil over $121/barrel this year; shale expected to have transformative impact, investment in alternatives increasing

Green Car Congress

MAY 12, 2011

Energy executives expect continued volatility in the price-per-barrel of oil for the remainder of the year, with 64% predicting crude prices to exceed $121 per barrel. Increased production of shale gas in North America could have profound implications on the global energy sector. Alternative energy sources.

Oil

Oil Energy Wind 2011

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

Green Car Congress

FEBRUARY 23, 2017

EIA research indicated that part of the reason for the underestimation of transportation sector consumption of liquid fuels stemmed from the use of methanol and its derivatives that were increasingly added into China’s gasoline and liquefied petroleum gas (LPG) streams. Methanol in China.

2000

2000 2016 Fuel China

KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

Green Car Congress

FEBRUARY 15, 2012

The KPMG study, “Expect the Unexpected: Building Business Value in a Changing World”, explores issues such as climate change, energy and fuel volatility, water availability and cost and resource availability, as well as population growth spawning new urban centers. Source: KPMG. Click to enlarge. billion by 2032.

Climate Change

Climate Change Water Climate Global

Genencor and Goodyear Partnering on Process to Develop BioIsoprene from Sugars; To be Used in Manufacture of Tires

Green Car Congress

MARCH 25, 2010

An intensive search has been underway for years for alternative sources of isoprene, in particular those from renewable resources such as biomass. Genencor developed a fermentation route to BioIsoprene using an engineered organism in an integrated bioprocess whereby the volatile product is continuously recovered from the gas-phase.

Manufacturer

Manufacturer Convert Renewable Polymer

Study suggests that decarbonizing US transport sector by converting waste CO2 to fuels would require economical air-capture of CO2

Green Car Congress

NOVEMBER 7, 2010

Kreutz presented the paper at the 10 th International Conference on Greenhouse Gas Control Technologies ( GHGT-10 ) earlier this fall in The Netherlands. Over time, however, as the CO 2 price increases, it eventually becomes more economical to either retrofit plants to capture and store most of. —Kreutz (2010).

Transportation

Transportation Convert Waste CO2

IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

Green Car Congress

NOVEMBER 12, 2012

The report also finds that by 2035 global energy savings could be equivalent to nearly 20% of global demand in 2010. The WEO finds that the extraordinary growth in oil and natural gas output in the United States will mean a sea-change in global energy flows. Energy demand. Fossil fuel remain dominant. Renewables.

Global

Global 2012 Energy Oil

Study projects emission impacts of inexpensive, efficient EVs: 36% further reduction in LDV GHG by 2050, or 9% economy-wide

Green Car Congress

JUNE 7, 2017

Compared to the reference case, in which gasoline vehicles (ICEVs) remain dominant through 2050 (BAU), OPT results in 16% and 36% reductions in LDV greenhouse gas (GHG) emissions for 2030 and 2050, respectively, corresponding to 5% and 9% reductions in economy-wide emissions. Credit: ACS, Keshavarzmohammadian et al. Click to enlarge.

Emissions

Emissions Economy Gasoline-Electric Coal

Increase in US rig count will not cap oil prices

Green Car Congress

JUNE 23, 2016

The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.

Oil Prices

Oil Prices Oil Price Oil-Sands

Stanford, UC Santa Cruz study explores ramifications of demand-driven peak to conventional oil

Green Car Congress

JULY 2, 2013

In contrast to arguments that peak conventional oil production is imminent due to physical resource scarcity, a team from Stanford University and UC Santa Cruz has examined the alternative possibility of reduced oil use due to improved efficiency and oil substitution. 2010, to above 140 $/bbl in constant 2010 dollars).

Oil

Oil Oil-Sands Fuel Economy Transportation

Syngas Engages Rentech and GE for Clinton Coal and Biomass to Liquids Project in Australia

Green Car Congress

NOVEMBER 25, 2009

Gas Conditioning. Projected output of the Clinton Project is a maximum 13,000 barrels of diesel per day (15,800 barrels of oil equivalent per day or 5.3 Syngas projects about a 10% ROI at US$60/barrel of crude, which higher returns at higher oil prices. Budget Level Cost Estimates for the FT Unit.

Coal

Coal Australia Diesel Oil Prices

BCG report finds advanced biofuels, concentrated solar power, and solar photovoltaic tracking to make significant market impact sooner than commonly assumed

Green Car Congress

NOVEMBER 11, 2010

The fortunes of alternative energy have historically waxed and waned with the price levels of oil, gas, and other energy sources, rising when prices are high only to fall once they retreat. Base case economics for EVs in North America are very challenging, absent significant disruption in oil price or battery cost.

Solar

Solar Boston Consulting Group Power Powered

IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

Green Car Congress

JANUARY 17, 2015

The report, “ Renewable Power Generation Costs in 2014 ”, concludes that biomass, hydropower, geothermal and onshore wind are all competitive with or cheaper than coal, oil and gas-fired power stations, even without financial support and despite falling oil prices. Real weighted average cost of capital is 7.5%

Renewable

Renewable Parts Power Powered

AECOM study finds EV adoption in Victoria can offer significant economic benefits by late 2020s; PHEVs initially lead uptake

Green Car Congress

JULY 12, 2011

The report comes in the context of Victoria’s 5-year Electric Vehicle Trial (EVT), launched in 2010 ( earlier post ). the potential implications of electric vehicles for electricity consumption, management of electricity demand, greenhouse gas emissions and air pollutant emissions. However, as EV and PHEV prices gradually reach.

PHEV

PHEV Oil Prices Australia Price

Researchers Suggest That Although CCS and Other Technologies Could Reduce Oil Sands GHG Emissions to Near Zero, That Strategy May Not Make Sense

Green Car Congress

AUGUST 15, 2010

Examples of emerging oil sands related technologies and trade-offs. Debate about the future of oil sands development is so contentious that even the name of the resource is disputed: proponents typically use oil sands while opponents use tar sands. Credit: ACS, Bergerson and Keith. Click to enlarge. Bergerson and Keith.

Oil-Sands

Oil-Sands Oil Emissions Coal

MITEI releases report on Electrification of the Transportation System

Green Car Congress

JANUARY 13, 2011

The MIT Energy Initiative (MITEI) has released a report on the proceedings—and papers that informed those proceedings—of the 8 April 2010 symposium on The Electrification of the Transportation System: Issues and Opportunities. The symposium was sponsored by the MIT Energy Initiative, together with Ormat, Hess, Cummins and Entergy.

Transportation

Transportation MIT Oil Prices Oil

Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

Green Car Congress

JUNE 23, 2011

the steam required, represented by barrels of water, to produce one barrel of oil) from a peak of almost 8.5 for the first quarter of 2011, according to data from the California Department of Oil, Gas & Geothermal Resources (DOGGR). Worldwide heavy oil reserves by country. Oil production. 75,000 bpd.

Chevron

Chevron Oil Oil-Sands Production

Roland Berger study outlines integrated vehicle and fuels roadmap for further abating transport GHG emissions 2030+ at lowest societal cost

Green Car Congress

APRIL 30, 2016

Bringing optimized ICEs as well as alternative fuels and powertrain technologies to market will account for €380-390 billion (US$435-446) of cumulated incremental powertrain costs from 2010 until 2030. Integrated Fuels and Vehicles Roadmap to 2030+.

Transportation

Transportation Emissions Fuel Vehicles

Analysis Finds That First-Generation Biofuel Use of Up to 5.6% in EU Road Transport Fuels Delivers Net GHG Emissions Benefits After Factoring in Indirect Land Use Change

Green Car Congress

MARCH 26, 2010

of first-generation, land-using biofuels in EU road transport fuels delivers a net greenhouse gas reduction benefit (13 Mt CO 2 savings in a 20-year horizon) even after factoring in indirect land use change (ILUC) effects. Global trade and environmental impact of the EU biofuels mandate (March 2010).

Transportation

Transportation Emissions Fuel 2020

Perspective: Ending Oils Monopolya Blueprint for Mobility Choice

Green Car Congress

DECEMBER 16, 2009

Perspective by Deron Lovaas, Federal Transportation Policy Director, Natural Resources Defense Council. Oil is a strategic commodity second to none—it underlies the global economy and even the American way of life. Volatility hurts us too, for as we’ve learned the price of oil can rise sharply in a short period of time.

Oil

Oil Transportation Congress Fuel Economy

EIA projects world liquid fuels use to rise 38% by 2040, driven by growth in Asia and Middle East; transportation 92% of demand

Green Car Congress

SEPTEMBER 10, 2014

Liquid fuels production (OPEC crude and lease condensate, non-OPEC crude and lease condensate, and other) and consumption (by OECD and non-OECD regions) under three price cases in 2040. Dashed red line shows 2010 consumption of 87 MMbbl/d. oil sands, either diluted or upgraded). oil shale), and refinery gain. Source: EIA.

Asia

Asia Transportation Oil-Sands Oil Prices

National Research Council report finds it unlikely the US will meet cellulosic biofuel mandates absent major innovation or a change in policies

Green Car Congress

OCTOBER 4, 2011

As of 2010, biofuel production was contingent on subsidies, tax credits, the import tariff, loan guarantees, RFS2, and similar policies. Greenhouse gas emissions. The extent to which using biofuels rather than petroleum will reduce greenhouse gas emissions is uncertain, the report says.

Renewable

Renewable Tax Credit Conversion Standards

Study Finds Government Mandates Superior to All Other Biofuels Policies, But Mixing With Subsidies Causes Adverse Effects; The Argument for a Direct CO2 Tax

Green Car Congress

FEBRUARY 17, 2010

Other findings from the study include: Ethanol policy can have a substantial impact on corn prices. The gap between the intercept of the ethanol supply curve and the oil price creates large deadweight costs that may overwhelm any external benefits. However, production costs of US corn-ethanol are very high. de Gorter and Just.

Tax

Tax CO2 Renewable Standards

Study Finds EVs Economically and Financially Viable in New South Wales, Australia Market Today

Green Car Congress

JANUARY 18, 2010

The move towards a plug-in electric vehicle market also generates large savings in greenhouse gas and air pollution emissions. The economic model considers the costs and benefits to infrastructure providers, consumers (in terms of vehicle purchase and operating costs) and externalities such as greenhouse gas emissions and air pollution.

Australia

Australia Market Plug-in Plug

Study concludes significant additional transport policy interventions will be required for Europe to meet its GHG reduction goal

Green Car Congress

APRIL 12, 2012

Without significant additional policy interventions to induce market penetration of breakthrough passenger car and aircraft technologies, the overall European (EU27) greenhouse gas (GHG) emissions reduction goals for 2050 will be difficult to meet, according to a new study by researchers from the University of Cambridge, Stanford University and MIT.

Transportation

Transportation Europe Climate Change Emissions

Opinion: Busting The “Canadian Bakken” Myth

Green Car Congress

JUNE 12, 2015

It found the “thick and geographically extensive” Canol formation is expected to contain 145 billion barrels of oil, while the “much thinner” Bluefish shale contains 46 billion barrels. The project was approved by the NEB in 2010. That license was estimated to have 625 million barrels of oil in place. “We billion barrels.

Oil-Sands

Oil-Sands Oil North Dakota Oil Prices

IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

NOVEMBER 13, 2011

Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. Click to enlarge.

Oil

Oil Transportation Cheap Fleet

GSI/UNEP conference report finds fossil-fuel subsidy reform complex and challenges sobering; ~1% of global GDP spent on fossil-fuel subsidies

Green Car Congress

JANUARY 23, 2011

Following that announcement, G-20 Leaders agreed to national plans to implement subsidy reform (June 2010) and have asked international organizations to review and assess members’ progress against their commitments (November 2010), according to the conference report. Necessary elements of effective reform strategies.

Fuel

Fuel Global 2008 International

Study Finds Coordinated Off-peak Charging Can Support Large Scale Plug-in Use Without Additional Generation Capacity; TCO and GHG Abatement Costs for BEVs Projected to Remain High

Green Car Congress

OCTOBER 18, 2010

They assumed an oil price of US$80/bbl, close to the short-term. They used an EV drivetrain with a single 74 kW central motor (CM) that consumes 103±20 Wh/km from 2010 and one with two 29kW wheel motors (WM) that consumes 89±19 Wh/km from 2015. using natural gas, emitting 35-77 gCO 2 2 eq/km. Resources.

Plug-in

Plug-in Charging PHEV Gasoline-Electric

Study details viable pathway to develop sustainable aviation biofuels industry in Pacific Northwest; hydroprocessing of natural oils seen as the most immediate opportunity

Green Car Congress

MAY 25, 2011

Biomass resources of the US, with the Northwest circled. Renewable aviation fuels are being developed to address key issues with existing petroleum fuels, including greenhouse gas emissions, other environmental impacts and energy security. Source: SAFN report, via NREL. Click to enlarge. SAFN stakeholders. withstand scrutiny.

Oil

Oil Industrial Industry Renewable

The Game-Changing Water Revolution: Interview with Stanley Weiner

Green Car Congress

APRIL 15, 2015

The water revolution is here, according to Stanley Weiner, CEO of STW Resources -a Texas-based company that has the exclusive North American license for Dutch-developed next-generation Salttech desalination technology. What it means for the oil and gas industry. The current drought started in 2010, and it’s still in play.

Water

Water Oil Texas Gas

Syrian oil ministry announces oil shale tender

Green Car Congress

JULY 8, 2011

Syria’s Ministry of Petroleum and Mineral Resources has announced a tender for investing in oil shale in the Khanaser area, 103 km in southeastern Aleppo, over an area of 150 km 2 divided into 14 blocks with geological reserves of 2.3 Oil shale deposits in Syria. Source: Gerjes, 2010. Click to enlarge.

Oil

Oil Syria Jordan Egypt

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

APRIL 16, 2009

Find investors, resumes, and free research Get Cleantech Blog in your email Enter your email address: Subscribe in a reader Join us on Linked In Follow us on Twitter Join us on Facebook GHGBlog.com - The Greenhouse Gas Blog Loading. The Appraisal 2010 Prius Delivers Record Mileage and Accelerates. 2) Chevy Volt (2) China (2) ECOD3.SA

Grid

Grid Electric Vehicles Vehicles Oil-Sands

EIA: world energy consumption to grow 56% 2010-2040, CO2 up 46%; use of liquid fuels in transportation up 38%

MIT/UC Davis professors challenge claims that ethanol production decreased gasoline prices in 2010 and 2011

Opinion: Here’s what will send oil prices back up again

EIA Energy Outlook 2011 more than doubles estimates of US shale gas resources; higher production at lower prices

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

Nikkei: popularity of fuel-efficient vehicles lowering demand for gasoline in Japan

Sandia study finds meeting RFS2 requirements unlikely without stronger enforcement mechanism; the importance of drop-in biofuels

EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

Study finds that dry-feed gasification for coal-to-liquids is more efficient, lower-emitting and cheaper than slurry-feed; CCS cost-effective for reduction of CO2

ICCT updates US airline fuel efficiency rankings; Alaska stays on top, American on bottom

KPMG survey finds majority of energy execs see oil over $121/barrel this year; shale expected to have transformative impact, investment in alternatives increasing

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

KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

Genencor and Goodyear Partnering on Process to Develop BioIsoprene from Sugars; To be Used in Manufacture of Tires

Study suggests that decarbonizing US transport sector by converting waste CO2 to fuels would require economical air-capture of CO2

IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

Study projects emission impacts of inexpensive, efficient EVs: 36% further reduction in LDV GHG by 2050, or 9% economy-wide

Increase in US rig count will not cap oil prices

Stanford, UC Santa Cruz study explores ramifications of demand-driven peak to conventional oil

Syngas Engages Rentech and GE for Clinton Coal and Biomass to Liquids Project in Australia

BCG report finds advanced biofuels, concentrated solar power, and solar photovoltaic tracking to make significant market impact sooner than commonly assumed

IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

AECOM study finds EV adoption in Victoria can offer significant economic benefits by late 2020s; PHEVs initially lead uptake

Researchers Suggest That Although CCS and Other Technologies Could Reduce Oil Sands GHG Emissions to Near Zero, That Strategy May Not Make Sense

MITEI releases report on Electrification of the Transportation System

Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

Roland Berger study outlines integrated vehicle and fuels roadmap for further abating transport GHG emissions 2030+ at lowest societal cost

Analysis Finds That First-Generation Biofuel Use of Up to 5.6% in EU Road Transport Fuels Delivers Net GHG Emissions Benefits After Factoring in Indirect Land Use Change

Perspective: Ending Oils Monopolya Blueprint for Mobility Choice

EIA projects world liquid fuels use to rise 38% by 2040, driven by growth in Asia and Middle East; transportation 92% of demand

National Research Council report finds it unlikely the US will meet cellulosic biofuel mandates absent major innovation or a change in policies

Study Finds Government Mandates Superior to All Other Biofuels Policies, But Mixing With Subsidies Causes Adverse Effects; The Argument for a Direct CO2 Tax

Study Finds EVs Economically and Financially Viable in New South Wales, Australia Market Today

Study concludes significant additional transport policy interventions will be required for Europe to meet its GHG reduction goal

Opinion: Busting The “Canadian Bakken” Myth

IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

GSI/UNEP conference report finds fossil-fuel subsidy reform complex and challenges sobering; ~1% of global GDP spent on fossil-fuel subsidies

Study Finds Coordinated Off-peak Charging Can Support Large Scale Plug-in Use Without Additional Generation Capacity; TCO and GHG Abatement Costs for BEVs Projected to Remain High

Study details viable pathway to develop sustainable aviation biofuels industry in Pacific Northwest; hydroprocessing of natural oils seen as the most immediate opportunity

The Game-Changing Water Revolution: Interview with Stanley Weiner

Syrian oil ministry announces oil shale tender

Cleantech Blog: Smart Grids and Electric Vehicles

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