2017, Oil Prices, Renewable and Resource

Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

Green Car Congress

MAY 24, 2017

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. In a speech made at the Association of International Petroleum Negotiators’ 2017 International Petroleum Summit, Johnston laid out his concerns for the future of oil.

Oil Prices

Oil Prices Oil Saudi Arabia Price

ExxonMobil seeking to boost growth, continue work on lower-emissions technologies including biofuels and carbon capture

Green Car Congress

MAY 30, 2019

ExxonMobil expects to increase annual earnings potential by more than 140% and double potential annual cash flow from operations by 2025 from 2017 adjusted earnings, assuming a 2017 oil price of $60 per barrel adjusted for inflation and based on 2017 margins. billion barrels of discovered recoverable resource.

Papua New Guinea

Papua New Guinea Emissions Carbon Guyana

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

Green Car Congress

APRIL 14, 2015

AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. trillion cubic feet (Tcf) in the Low Oil Price case to 13.1

2020

2020 Energy Transportation Oil Prices

Global Bioenergies reports first production of green isobutene at demo plant

Green Car Congress

DECEMBER 15, 2016

Global Bioenergies is now entering the final phase of demonstrating its technology for converting renewable carbon into hydrocarbons. The demo plant will be ramped up in the first half of 2017, with the goal of reaching performances close to commercial levels by the end of the year. Earlier post.).

Global

Global Green Production Convert

GE Aviation testing 100% Gevo Alcohol-to-Jet fuel

Green Car Congress

DECEMBER 13, 2017

GE Aviation has begun jet engine combustor component testing with 100% Gevo renewable alcohol-to-jet fuel (ATJ). With the successful scale-up of this technology, it is believed that Gevo’s HEDFs could be produced at a lower cost than the petroleum-based equivalent, even at current oil prices. Earlier post.).

Fuel

Fuel Oil Prices Oil Emissions

Univ of Washington team working to make poplar coppice viable cheap, high-volume biofuel feedstock

Green Car Congress

NOVEMBER 17, 2017

We have the environmental incentives to produce fuels and chemicals from renewable resources, but right now, they aren’t enough to compete with low oil prices. Djaja, Renata Bura and Rick Gustafson (2017) “Can we use short rotation coppice poplar for sugar based biorefinery feedstock? That’s the problem.

Washington

Washington Cheap Oil Universal

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

It also assumed implementation of existing regulations that enable the building of new energy infrastructure and resource extraction. Under the Reference case, domestic crude oil production is expected to grow by more than 20% over the coming decade; already, domestic crude oil production increased from 5.1

Oil

Oil 2005 Production 2010

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

quadrillion Btu in 2025, due to incorporation of the model year 2017 to 2025 GHG and CAFE standards for LDVs. Renewable fuel use grows at a much faster rate than fossil fuel use. The share of electricity generation from renewables grows to 16% in 2040 from 13% in 2011. quadrillion Btu in 2011 to 14.0 than in AEO2012.

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

While domestic crude oil production is projected to level off and then slowly decline after 2020 in the Reference case, natural gas production grows steadily, with a 56% increase between 2012 and 2040, when production reaches 37.6 T he Brent crude oil spot price declines from $112 per barrel (bbl) (in 2012 dollars) in 2012 to $92/bbl in 2017.

Oil

Oil Light Energy Vehicles

MIT/RAND Study Concludes Three Types of Alternative Jet Fuel May Be Available in Commercial Quantities Over the Next Decade

Green Car Congress

OCTOBER 25, 2009

The focus of the work was on alternative jet fuels that could be available commercially in the next decade using primarily North American resources. For world crude oil prices in the range of $100 per barrel, this amounts to a price impact of roughly $5 to $13 per barrel. million bpd.

MIT

MIT Oil-Sands Commercial Available

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

barely rises in OECD countries, although there is a pronounced shift away from oil, coal (and, in some countries, nuclear) towards natural gas and renewables. by subsidies that amounted to $523 billion in 2011, up almost 30% on 2010 and six times more than subsidies to renewables. Renewables. Energy demand.

Global

Global 2012 Energy Oil

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

In 2009, the European Union adopted the Renewable Energy Directive (RED) which included a 10% target for the use of renewable energy in road transport fuels by 2020. Renewable energy options for road transport included first- and second-generation biofuels and electricity. The other three studies are still underway. Background.

Transportation

Transportation Emissions Fuel 2020

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

The team explored other scenarios including different levels of CO 2 and CH 4 fees applied to the BAU and OPT scenarios; different levels of LDV demand; and different oil prices. The researches used the results from MARKAL to estimate well-to-wheel (WTW) emissions rates for GHG, NO x , and SO 2 for ICEV and BEV technologies.

Emissions

Emissions Economy Gasoline-Electric Coal

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

Renewables increase from 13% of the mix today to 18% in 2035; the growth in renewables is underpinned by subsidies that rise from $64 billion in 2010 to $250 billion in 2035, support that in some cases cannot be taken for granted in an age of increasing fiscal austerity. Oil and the Transport Sector: Reconfirming the End of Cheap Oil.

Oil

Oil Transportation Cheap Fleet

EV Driven

Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

ExxonMobil seeking to boost growth, continue work on lower-emissions technologies including biofuels and carbon capture

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

Global Bioenergies reports first production of green isobutene at demo plant

GE Aviation testing 100% Gevo Alcohol-to-Jet fuel

Univ of Washington team working to make poplar coppice viable cheap, high-volume biofuel feedstock

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

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

MIT/RAND Study Concludes Three Types of Alternative Jet Fuel May Be Available in Commercial Quantities Over the Next Decade

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

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

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

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

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