article thumbnail

Oil sands growth to push Canadian crude production to about 4.7M bpd in 2025, up 67% from 2010; in situ production takes lead in 2016

Green Car Congress

Starting in 2016, production from in situ projects will account for the majority of Canadian oil sands production. Expanding access to existing markets in the US and diversifying into Asian markets are important to enable this production growth and to ensure Canadian producers receive competitive prices for their products.

Oil-Sands 199
article thumbnail

Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

Green Car Congress

During the Global Financial Crisis in 2008/9, the COVID19 pandemic, and now the Ukrainian War, economic stimulus packages were meant to put the world on a cleaner and greener path, but this is not at all evident in the CO 2 emissions data. in emissions from natural gas because of higher global prices. for oil, 1.1% for cement.

Global 221
article thumbnail

3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

Green Car Congress

It might be that we see quite a dramatic reduction in replacing the capacity and of course that will have an impact, eventually, on price.”. That will prevent any short-term price spike even if depletion surpasses new production. A sharp rise in oil prices would spur new investment and new drilling.

Oil 150
article thumbnail

Pike Research forecasts global biofuels market to double by 2012 to $185.3B

Green Car Congress

Ultimately, widespread commercialization will depend on whether these ventures can reach price. Key trends identified in the report include: Oil prices are expected to climb over the next decade, driving increased interest in. Governments are expected to retreat from stimulus investment highs, shifting financing.

Global 253
article thumbnail

Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

Green Car Congress

mpg by 2016. The automotive industry is living proof that private companies will rarely change their behaviors without a significant stimulus to that change, and furthermore one that needs to be mandated. In examining the latest EIA data for average retail prices of electricity, it shows the average retail price in the USA is 9.74

Renewable 220
article thumbnail

Pike Research forecasts global biofuels market value to double to $185B by 2021

Green Car Congress

between 2017 and 2021, as a combination of higher oil prices, emerging mandate. Ultimately, widespread commercialization will depend on whether these ventures can reach price. The report identifies a number of key trends, including: Oil prices are expected to climb over the next decade, driving increased interest in.

Global 225
article thumbnail

IRENA, IEA study concludes meeting 2?C scenario possible with net positive economics

Green Car Congress

IRENA’s macroeconomic analysis suggests that such investment creates a stimulus that, together with other pro-growth policies, will: boost global GDP by 0.8% trillion in energy sector investments would be required on average each year between 2016 and 2050, compared to US$1.8 Around US$3.5 trillion in 2015.

Renewable 199