2012, Oil Prices and Reference

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

The US Energy Information Administration (EIA) released its Reference case projections for US energy markets through 2035. The Reference case projections include only the effects of policies that have been implemented in law or final regulations. Over the next 10 years, continued development of tight oil (e.g., Click to enlarge.

Oil

Oil 2005 Production 2010

IEE forecasts electric-drive LDVs could constitute between 2 to 12% of US vehicle stock by 2035

Green Car Congress

APRIL 22, 2013

These scenarios provide projections based on EIA’s Annual Energy Outlook (AEO) 2012 Reference Case, advances in battery technology (e.g., improved battery chemistry that allows for faster and deeper charging and reductions in battery cell and other component costs), and oil prices increasing to $200 per barrel: Low.

Oil Prices

Oil Prices Vehicles 2012 Light

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

Green Car Congress

DECEMBER 5, 2012

The US Energy Information Administration released its Annual Energy Outlook 2013 (AEO2013) Reference case (the Early Release ), which highlights a growth in total US energy production that exceeds growth in total US energy consumption through 2040. million FFV sales in the AEO2012 Reference case. Increased sales for hybrids and PHEVs.

Fuel

Fuel Energy Sale 2013

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

Green Car Congress

DECEMBER 16, 2013

LDV energy consumption declines in AEO2014 Reference case from 16.0 quadrillion Btu in 2012 to 12.1 quadrillion Btu in 2040 in the AEO2013 Reference case. from 2012 to 2040, compared to 1.2% l/100 km) in 2012 to 37.2 l/100 km) in 2012 to 37.2 quadrillion Btu in 2040, compared with 13.0 Source: EIA.

Oil

Oil Light Energy Vehicles

$67 Oil Has All The Majors Converging in Argentina

Green Car Congress

MARCH 13, 2016

Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices.

Argentina

Argentina Oil Oil Prices Chevron

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

The Brent crude oil spot price averaged $112 per barrel in 2012, and EIA’s July 2013 Short-Term Energy Outlook projects averages of $105 per barrel in 2013 and $100 per barrel in 2014. In the Reference case, all the growth in liquids use is in the transportation and industrial sectors. Liquid fuels.

2010

2010 Transportation Fuel Energy

State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

Green Car Congress

MARCH 2, 2013

The US Department of State (DOS) has released its Draft Supplemental Environmental Impact Statement (SEIS) in response to TransCanada’s May 2012 application for the Keystone XL pipeline that would run from Canada’s oils sands in Alberta to Nebraska. Source: Draft SEIS. Click to enlarge. What Keystone XL would carry. Source: Draft SEIS.

Climate Change

Climate Change Oil-Sands Nebraska Climate

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

Green Car Congress

DECEMBER 17, 2010

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. quadrillion Btu in 2035 in the AEO2011 Reference case, slightly lower than the 32.5

Gas

Gas 2011 Price Energy

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

World petroleum and other liquid fuels consumption will increase 38% by 2040, spurred by increased demand in the developing Asia and Middle East, according to the Reference Case projections in International Energy Outlook 2014 ( IEO2014 ), released by the US Energy Information Administration (EIA). oil sands, either diluted or upgraded).

Asia

Asia Transportation Oil-Sands Oil Prices

US National Research Council Report Finds Plug-in Hybrid Costs Likely to Remain High; Fleet Fuel Consumption and Carbon Emissions Benefits Will Be Modest for Decades

Green Car Congress

DECEMBER 15, 2009

The cost to the manufacturer of producing the first generation of the PHEV-10 (2010–2012) is expected to be about $6,300 more than that of the equivalent conventional mid-size car (non-hybrid), including $3,300 for the battery pack.

Plug-in

Plug-in Plug PHEV Hybrid

Researchers show mixotrophic fermentation process improves carbon conversion, boosting yields and reducing CO2

Green Car Congress

OCTOBER 3, 2016

The production costs for most chemicals via microbial fermentation are currently high compared to oil-derived products primarily because of operating costs associated with feedstock and feedstock processing. The company first pursued Acetone Butanol Ethanol (ABE) technology when it was founded in 2012.

Conversion

Conversion Carbon CO2 Oil Prices

Opinion: Busting The “Canadian Bakken” Myth

Green Car Congress

JUNE 12, 2015

“NEB and GNWT study finds 200 billion barrels of oil in the Sahtu,” gushed CBC News , referring to a region of the sprawling territory that cuts across three provinces and touches the Arctic Ocean. ConocoPhillips and Husky have both suspended exploration in the play, scared off by the oil price rout. on Friday, June 5 th.

Oil-Sands

Oil-Sands Oil North Dakota Oil Prices

State Department releases Keystone XL Final Supplemental Environmental Impact Statement

Green Car Congress

FEBRUARY 1, 2014

Incremental well-to-wheels GHG emissions from WCSB Oil Sands Crudes Compared to Well-to-Wheels GHG Emissions from Displacing Reference Crudes Click to enlarge. Domestic production of crude oil has increased significantly, from approximately 5.5 million bpd in 2012 and 7.5 million bpd in 2010 to 6.5 MMTCO 2 e annually.

Oil-Sands

Oil-Sands Nebraska Oil Montana

Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

Green Car Congress

APRIL 6, 2015

The 103GW of capacity added by new renewable energy sources last year compares to 86GW in 2013, 89GW in 2012 and 81GW in 2011 and made 2014 the best year ever for newly installed capacity. Another challenge was, at first sight, the impact of the 50%-plus collapse in the oil price in the second half of last year.

2014

2014 Renewable 2013 Wind

EV Driven

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

IEE forecasts electric-drive LDVs could constitute between 2 to 12% of US vehicle stock by 2035

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

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

$67 Oil Has All The Majors Converging in Argentina

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

State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

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

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

US National Research Council Report Finds Plug-in Hybrid Costs Likely to Remain High; Fleet Fuel Consumption and Carbon Emissions Benefits Will Be Modest for Decades

Researchers show mixotrophic fermentation process improves carbon conversion, boosting yields and reducing CO2

Opinion: Busting The “Canadian Bakken” Myth

State Department releases Keystone XL Final Supplemental Environmental Impact Statement

Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

Stay Connected