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Oil Well Strippers Suffering From Low Oil Prices

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With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now appears that oil prices could remain below $50 a barrel for a year or more. billion barrels of oil and 18.8 Mcf of natural gas. by Michael McDonald of Oilprice.com.

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Rhodium Group estimates US GHG emissions rose 1.3% in 2022

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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.

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Surprise Natural Gas Drawdown Signals Higher Prices Ahead

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The US electric power sector burned through a record amount of natural gas in recent weeks, a sign of the shifting power generation mix and also a signal that natural gas supplies could get tighter than many analysts had previously expected. Natural gas consumption patterns are much more seasonal than for oil.

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

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Energy efficiency has tremendous potential to boost economic growth and avoid greenhouse gas emissions, but the global rate of progress is slowing, according to a new report by the International Energy Agency. Of the increase in final demand in 2018, growth was strongest in gas (5.7%) and electricity (4.1%).

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Amyris renewable jet fuel receives regulatory approval in Brazil for blends up to 10%

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However, they noted, the estimation is highly uncertain, with a number of factors—especially related to electricity exports, sugar cane farming itself, and agrochemicals production and use—significantly affect the outcome. Amyris and its partners are contributing to reductions in greenhouse gas emissions with our renewable fuel.

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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

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Sales of battery-powered electric vehicles are 65% lower in the AEO2013 Reference case than the year before, with annual sales in 2035 estimated to be about 119,000. Reductions in battery electric vehicles are offset by increased sales of hybrid and plug-in hybrid vehicles, which grow to about 1.3 million, or less than one-half the 2.9

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

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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. EIA added a premium to the capital cost of CO 2 -intensive technologies to reflect current market behavior regarding possible future policies to mitigate greenhouse gas emissions.

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