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The $32-Trillion Push To Disrupt The Entire Oil Industry

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Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. by Cyril Widdershoven for Oilprice.com.

Oil 231
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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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quadrillion Btu in 2012 to 12.1 from 2012 to 2040, compared to 1.2% The rising fuel economy of LDVs more than offsets the modest growth in VMT, resulting in a 25% decline in LDV energy consumption decline between 2012 and 2040 in the AEO2014 Reference case. l/100 km) in 2012 to 37.2 l/100 km) in 2012 to 37.2

Oil 290
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New study finds GHG emissions from palm oil production significantly underestimated; palm oil biofuels could be more climate-damaging than oil sands fuels

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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. —Miettinen et al.

Oil-Sands 314
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Ford, BASF partner to deliver auto industrys first castor oil-based foam in the 2012 Focus

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Ford and BASF have teamed up to develop a sustainable, plant-sourced castor oil-based foam product for the 2012 Ford Focus instrument panel. Castor oil is derived from the Ricinus Communis flowering spurge plant, which has widespread growth throughout tropical regions.

Oil 199
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EIA: rising North Dakota oil production and demand spurs two new small refineries

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The impetus for the state’s second and third refineries is the rapid increase in demand for diesel fuel and kerosene for trucking and industrial use within the state. With a capacity of 58,000 bbl/d, its primary products include diesel fuel, jet fuel, heavy fuel oils, and liquefied petroleum gas. Source: EIA. Click to enlarge.

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Neste Oil de-emphasizing microbial oil R&D for renewable diesel; seeking other uses for cellulosic biomass

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Despite the decision to de-emphasize microbial oil, Neste Oil emphasized that cellulosic waste will continue to play an important role in its research strategy, adding that it remains committed to its goal of further extending its feedstock base and making greater use of waste and residues in this area in particular.

Oil 310
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MOL Group starts biofuel production at Danube Refinery

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Following several years of research and development, Central & East European (CEE) oil and gas corporation MOL has stepped up the value chain and has become a biofuel producer through the realization of an investment in the Danube Refinery. Vegetable oils, used cooking oils and animal fats can also be used for this purpose.