2020, Market, Oil Prices and Renewable

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. With this kind of impending discrepancy between supply and demand, the industry needs to start looking for new sources of oil, and quickly. by Haley Zaremba for Oilprice.com.

Oil Prices

Oil Prices Oil Saudi Arabia Price

bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

Green Car Congress

JULY 12, 2021

bp released the 70 th annual edition of the bp Statistical Review of World Energy ; the data collected in this year’s edition includes energy data for 2020. The Review captures the significant impact the global pandemic had on energy markets and how it may shape future global energy trends. million b/d in 2020 driven by both OPEC (-4.3

2020

2020 Oil Saudi Arabia Energy

BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

Green Car Congress

DECEMBER 22, 2014

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60

Oil Prices

Oil Prices Oil Price Carbon

EIA projects increases in global energy consumption and emissions through 2050

Green Car Congress

OCTOBER 7, 2021

The US Energy Information Administration (EIA) projects that, absent significant changes in policy or technology, world energy consumption will grow by nearly 50% between 2020 and 2050. Oil and natural gas production will continue to grow, mainly to support increasing energy consumption in developing Asian economies.

Global

Global Energy Emissions Asia

Study estimates fuel economy improvements to US light-duty vehicles from 1975–2018 saved 2T gallons of fuel, 17B tons of CO2

Green Car Congress

MAY 3, 2020

A team from the University of Tennessee and the National Renewable Energy Laboratory (NREL) has the fuel savings due to fuel economy improvements over the past 43 years amount to approximately two trillion gallons of gasoline. gasoline demand would have put upward pressure on world oil prices. Greene, Charles B. 2020.111517.

Fuel Economy

Fuel Economy Economy Light 2018

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

Green Car Congress

APRIL 14, 2015

The Annual Energy Outlook 2015 (AEO2015) released today by the US Energy Information Administration (EIA) projects that US energy imports and exports will come into balance—a first since the 1950s—because of continued oil and natural gas production growth and slow growth in energy demand. —EIA Administrator Adam Sieminski.

2020

2020 Energy Transportation Oil Prices

EPA announces 2011 Presidential Green Chemistry Challenge Awards; green chemistry market opportunity projected to be $98.5B by 2020, about 2% of total market

Green Car Congress

JUNE 20, 2011

Separately, a new report by Pike Research forecasts that green chemistry represents a market opportunity that will grow from $2.8 billion by 2020. Genomatica is developing and commercializing sustainable basic and intermediate chemicals made from renewable feedstocks including readily available sugars, biomass, and syngas.

Green

Green Market 2011 2020

EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

Green Car Congress

APRIL 7, 2021

EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel. That price increase paired with an increase in gasoline and diesel demand will likely increase the cost of regular gasoline and diesel fuel this summer. million b/d from March 2020.

2019

2019 Fuel Coal 2020

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 report examines the state of those seven technologies and assesses each in terms of three issues: Can it achieve cost-competitiveness with conventional energy by 2020 and be economically viable without subsidies? If these barriers can be overcome, advanced biofuels could significantly disrupt the status quo in fuel markets.

Solar

Solar Boston Consulting Group Power Powered

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

Renewable energy and nuclear power are the world’s fastest-growing energy sources, each increasing 2.5% 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. Liquid fuels.

2010

2010 Transportation Fuel Energy

NTU Singapore to develop technologies to extract hydrogen from liquid organic hydrogen carriers

Green Car Congress

APRIL 3, 2022

Liquid organic hydrogen carriers are flexible media for the storage and transportation of renewable energy. Together, the group of companies have been developing a more cost-effective way to implement and operate a hydrogen supply chain, following a Memorandum of Understanding (MOU) among the consortium in March 2020.

Singapore

Singapore Hydrogen Corporation Japan

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

A new study by consultancy Roland Berger defines an integrated roadmap for European road transport decarbonization to 2030 and beyond; the current regulatory framework for vehicle emissions, carbon intensity of fuels and use of renewable fuels covers only up to 2020/2021. BEVs fueled with low carbon, renewable electricity (for PC).

Transportation

Transportation Emissions Fuel Vehicles

EIA projects world energy use to increase 53% by 2035; oil sands/bitumen and biofuels account for 70% of the increase in unconventional liquid fuels

Green Car Congress

SEPTEMBER 20, 2011

World oil prices remain high in the IEO2011 Reference case, but oil consumption continues to grow; both conventional and unconventional liquid supplies are used to meet rising demand. In the IEO2011 Reference case the price of light sweet crude oil (in real 2009 dollars) remains high, reaching $125 per barrel in 2035.

Oil-Sands

Oil-Sands Oil 2008 Oil Prices

BP Energy Outlook 2030 sees emerging economies leading energy growth to 2030; global CO2 emissions from energy well above IEA 450 scenario

Green Car Congress

JANUARY 19, 2011

According to the base case forecast, diversification of energy sources increases and non-fossil fuels (nuclear, hydro and renewables) are together expected to be the biggest source of growth for the first time. per year from 2010 to 2030 although growth decelerates slightly beyond 2020. In contrast, OECD growth averages 0.3%

Energy

Energy Economy Global Oil-Sands

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

Because quickly rising natural gas production outpaces domestic consumption, the United States will become a net exporter of liquefied natural gas (LNG) in 2016 and a net exporter of total natural gas (including via pipelines) in 2020. Renewable fuel use grows at a much faster rate than fossil fuel use. than in AEO2012. mpg in 2025.

Fuel

Fuel Energy Sale 2013

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. 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. Over the next 10 years, continued development of tight oil (e.g.,

Oil

Oil 2005 Production 2010

Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

JANUARY 1, 2011

” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. CAGR from 2012 through 2020 to about $250/kWh. Click to enlarge.

Transportation

Transportation Gasoline Lithium Ion Gasoline-Electric

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 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. In the New Policies Scenario, the WEO ’s central scenario, the United States becomes a net exporter of natural gas by 2020 and is almost self-sufficient in energy, in net terms, by 2035.

Global

Global 2012 Energy Oil

Roland Berger E-Mobility Index finds government subsidies for and projected sales of xEVs declining worldwide

Green Car Congress

MAY 22, 2013

The index compares the development of e-mobility in seven leading car-manufacturing nations (Germany, France, Italy, US, Japan, China and South Korea) on the basis of three parameters: technology, manufacturing, and market. None of the subsidy programs that ended at the end of 2012 were renewed. Plug-in America’s #PIA100K.

South Korea

South Korea Sale France Plug-in

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 manufacture these vehicles is expected to decline by about one-third by 2020 but only slowly thereafter. However, factors such as high cost, limited availability of places to plug in, and market competition suggest that 13 million is a more realistic number, the report says.

Plug-in

Plug-in Plug PHEV Hybrid

Refiners and Truckers Associations Challenge California LCFS in Federal Court

Green Car Congress

FEBRUARY 3, 2010

The California LCFS calls for at least a 10% reduction from 2006 levels in the carbon intensity (measured in gCO 2 e/MJ) of California’s transportation fuels by 2020. These charges echo those in a complaint against the LCFS filed by two ethanol trade groups—the Renewable Fuels Association (RFA) and Growth Energy—in December 2009.

California

California Oil-Sands Oil 2005

DNV GL paper suggests near-term success for LNG in shipping; alternative fuel mix to diversify over time

Green Car Congress

JANUARY 29, 2014

DNV and GL merged in September 2013 to form DNV GL—the world’s largest ship and offshore classification society, the leading technical advisor to the global oil and gas industry, and a leading expert for the energy value chain including renewables and energy efficiency. Ship electrification and renewables.

Alternative Fuels

Alternative Fuels Fuel Gas-Electric Mariner

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

Green Car Congress

DECEMBER 17, 2010

Our Reference case projection shows the growing importance of natural gas from domestic shale gas resources in meeting US energy demand and lowering natural gas prices. Energy efficiency improvements and the increased use of renewables are other key factors that moderate the projected growth in energy-related greenhouse gas emissions.

Gas

Gas 2011 Price Energy

VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

Green Car Congress

JULY 4, 2009

Winterkorn noted that the industry is experiencing its worst crisis in decades, with a collapse in the global market of 18% in the first half of this year. Volkswagen is Europe’s largest automaker, and saw its global new vehicle market share increase to 11% during the first quarter of 2009. in pure electric vehicles in 2020.

2013

2013 Companies Gas-Electric Recharge

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

Green Car Congress

JULY 2, 2013

The underlying assumption is that the world will immediately use whatever oil can be pumped from the ground, and that supply is independent of demand—that is, oil exploration investments bear no relation to the current oil price or expectations of future demand. But after ?2020,

Oil

Oil Oil-Sands Fuel Economy Transportation

IEA World Energy Outlook 2013 sees CO2 emissions rising by 20% to 2035; oil use on upward trend

Green Car Congress

NOVEMBER 13, 2013

The Middle East becomes the world’s second-largest gas consumer by 2020 and third-largest oil consumer by 2030, redefining its role in global energy markets. Low-carbon energy sources (renewables and nuclear) meet around 40% of the growth in primary energy demand. Oil use grows, but in a narrowing set of markets.

Oil

Oil 2013 Energy Emissions

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

Alternative technologies, such as hybrid and electric vehicles that use oil more efficiently or not at all, continue to advance but they take time to penetrate markets. Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. billion in 2035. Click to enlarge.

Oil

Oil Transportation Cheap Fleet

White House: OPEC+ oil production increases “simply not enough”

Green Car Congress

AUGUST 12, 2021

We are engaging with relevant OPEC+ members on the importance of competitive markets in setting prices. Competitive energy markets will ensure reliable and stable energy supplies, and OPEC+ must do more to support the recovery. As a result, EIA’s crude oil price forecast remains mostly unchanged from the July STEO.

Oil

Oil Production North Dakota Montana

Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

JANUARY 4, 2021

COVID-19 pandemic has hit the automotive market hard. Moreover, with the massive drop in oil prices , gas-powered vehicles are more economical to operate, which makes it harder to argue that EVs will help drivers save money on fuel. As the automotive market takes a dive, EVs show strength.

Economy

Economy Electric Vehicles Vehicles Electric

EV Driven

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

bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

EIA projects increases in global energy consumption and emissions through 2050

Study estimates fuel economy improvements to US light-duty vehicles from 1975–2018 saved 2T gallons of fuel, 17B tons of CO2

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

EPA announces 2011 Presidential Green Chemistry Challenge Awards; green chemistry market opportunity projected to be $98.5B by 2020, about 2% of total market

EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

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

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

NTU Singapore to develop technologies to extract hydrogen from liquid organic hydrogen carriers

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

EIA projects world energy use to increase 53% by 2035; oil sands/bitumen and biofuels account for 70% of the increase in unconventional liquid fuels

BP Energy Outlook 2030 sees emerging economies leading energy growth to 2030; global CO2 emissions from energy well above IEA 450 scenario

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

Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

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

Roland Berger E-Mobility Index finds government subsidies for and projected sales of xEVs declining worldwide

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

Refiners and Truckers Associations Challenge California LCFS in Federal Court

DNV GL paper suggests near-term success for LNG in shipping; alternative fuel mix to diversify over time

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

VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

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

IEA World Energy Outlook 2013 sees CO2 emissions rising by 20% to 2035; oil use on upward trend

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

White House: OPEC+ oil production increases “simply not enough”

Can Electric Vehicles Speed Up As The Economy Slows Down?

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