2020, Oil Prices, Production 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. shale production will continue to grow along with global demand. shale production will continue to grow along with global demand. oil may not be able to fill.

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. in 2020—the largest annual decline since 1945. Carbon emissions from energy use fell by more than 6% in 2020, the largest decline since 1945. million b/d). The US (-2.3

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

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. With greater U.S.

2020

2020 Energy Transportation Oil Prices

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

Green Car Congress

APRIL 7, 2021

The US Energy Information Administration (EIA) forecasts an increase in demand for petroleum products during the 2021 summer driving season as the impacts of COVID-19 diminish in the United States. 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.

2019

2019 Fuel Coal 2020

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

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

EIA’s AEO2012 projects a continued decline in US imports of liquid fuels due to increased production of gas liquids and biofuels and greater fuel efficiency. 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. Source: EIA. Click to enlarge.

Oil

Oil 2005 Production 2010

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

billion by 2020. Genomatica is developing and commercializing sustainable basic and intermediate chemicals made from renewable feedstocks including readily available sugars, biomass, and syngas. BDO is used to make spandex, automotive plastics, running shoes, and many other products; it has an approximately 2.8 per million Btu.

Green

Green Market 2011 2020

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

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

The differences from AEO2013 to AEO2014 result from different fuel prices, updated manufacturer product offerings, changing technology attributes, and an updated view of consumer perceptions of infrastructure availability for E85 vehicles. Tcf in 2040, as more demand is met by domestic production. quadrillion Btu in 2012 to 7.5

Oil

Oil Light Energy Vehicles

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

Green Car Congress

DECEMBER 17, 2010

This larger resource leads to about double the shale gas production and more than 20% higher total lower-48 natural gas production in 2035, with lower natural gas prices, than was projected in the AEO2010 Reference case. Beyond 2020, CAFE standards for both passenger cars and light-duty trucks are held constant.

Gas

Gas 2011 Price Energy

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. Domestic oil production will rise to 7.5 Overall findings. than in AEO2012.

Fuel

Fuel Energy Sale 2013

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

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

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.

Transportation

Transportation Emissions Fuel 2020

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

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

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

Green Car Congress

MAY 22, 2013

None of the subsidy programs that ended at the end of 2012 were renewed. Overall, worldwide sales forecasts—and hence the related production forecasts for EVs and PHEVs—are more conservative than in the preceding survey period. Extracting oil by fracking could stabilize the oil price over the next few years.

South Korea

South Korea Sale France Plug-in

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

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

Green Car Congress

JULY 2, 2013

In contrast to arguments that peak conventional oil production is imminent due to physical resource scarcity, a team from Stanford University and UC Santa Cruz has examined the alternative possibility of reduced oil use due to improved efficiency and oil substitution. Emissions Forecasts Fuels Oil' 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. Contributions to global oil production growth.

Oil

Oil 2013 Energy Emissions

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

Green Car Congress

AUGUST 12, 2021

On Wednesday, US National Security Advisor Jake Sullivan issued a statement calling on OPEC+ to increase oil production: While OPEC+ recently agreed to production increases, these increases will not fully offset previous production cuts that OPEC+ imposed during the pandemic until well into 2022.

Oil

Oil Production North Dakota Montana

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

Under the central New Policies Scenario, automotive sales in non-OECD markets exceed those in the OECD by 2020, with the center of gravity of car manufacturing shifting to non-OECD countries before 2015. Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. Click to enlarge.

Oil

Oil Transportation Cheap Fleet

Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

JANUARY 4, 2021

As a result of the lockdown, automobile production ground to a halt in several leading car manufacturing countries. 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.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Refiners and Truckers Associations Challenge California LCFS in Federal Court

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

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

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

Can Electric Vehicles Speed Up As The Economy Slows Down?

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