Remove Building Remove Coal Remove Oil Remove Oil Prices
article thumbnail

Rhodium Group estimates US GHG emissions rose 1.3% in 2022

Green Car Congress

Despite efforts to continue stimulating the US economy in the wake of the pandemic, high inflation put a damper on economic growth, which was exacerbated by a spike in oil prices as a result of Russia’s invasion of Ukraine. Consequently, the US economy grew 1.9% in 2022, down from a 5.7% GDP increase in 2021.

Emissions 273
article thumbnail

Syngas Engages Rentech and GE for Clinton Coal and Biomass to Liquids Project in Australia

Green Car Congress

Australia’s Syngas Limited has engaged Rentech to provide Fischer-Tropsch fuels production preliminary engineering services for Syngas’ proposed commercial scale coal and biomass to liquids (CBTL) fuels facility in Southern Australia, known as the Clinton Project. Additionally, the Clinton coal fluidizes well.

Coal 218
article thumbnail

IEA: global energy efficiency progress drops to slowest rate since start of decade

Green Car Congress

Gas demand growth was driven by its use in industry and buildings for heating. China continued to implement policies designed to shift households and businesses from coal to gas boilers, mainly for air quality reasons. Oil represented the largest share of final demand, at around 41%, but demand growth slowed to 1.5%

Global 150
article thumbnail

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

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 210
article thumbnail

RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

Green Car Congress

However, the US military can play an important role in promoting stability in major oil producing regions and by helping protect the flow of energy through major transit corridors and on the high seas, the reports suggest. Earlier post.).

Price 225
article thumbnail

IHS Markit: 2020 low-sulfur requirements for marine bunker fuels causing scramble for refiners and shippers

Green Car Congress

Heavy fuel oil (HFO) is the predominant marine fuel. Low-sulfur bunker fuels (primarily for smaller vessels), and liquefied natural gas (LNG) (primarily for new builds) will be part of the solution. IHS Markit expects an unprecedented light-heavy price spread during 2020 to 2021.

Mariner 150
article thumbnail

Surprise Natural Gas Drawdown Signals Higher Prices Ahead

Green Car Congress

Natural gas consumption patterns are much more seasonal than for oil. Between March/April and October/November, natural gas inventories build up as people need less heating, and that stockpiled gas is then used in the next winter. Natural gas prices have traded below $3 per million Btu since the beginning of 2015.

Gas 150