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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

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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.

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Researchers Suggest That Although CCS and Other Technologies Could Reduce Oil Sands GHG Emissions to Near Zero, That Strategy May Not Make Sense

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They also note that if the scale of analysis is that of the entire economy, the value commonly referenced for economy wide emissions is that oil sands constitute ~5% of Canada’s emissions. However, this only accounts for the processing that occurs in Canada and therefore excludes much of the refining and transport emissions.

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Fossil Fuel Production Up in 2008 Despite Recession

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World production of fossil fuels—oil, coal, and natural gas—increased 2.9% million tons of oil equivalent (Mtoe) per day, according to a Worldwatch Institute analysis. Coal has led the growth in fossil fuel production. In 2000, coal provided 28% of the world’s fossil fuel energy production, compared with 45% for oil.

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

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Natural gas overtakes coal as the largest fuel for US electricity generation. Projected low prices for natural gas make it a very attractive fuel for new generating capacity. In some areas, natural gas-fired generation replaces power formerly supplied by coal and nuclear plants. Pipeline exports to Canada grow by 1.2%

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Refiners and Truckers Associations Challenge California LCFS in Federal Court

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The National Petrochemical & Refiners Association (NPRA) filed a legal challenge to California’s Low Carbon Fuel Standard (LCFS) with the US District Court, Eastern District of California, Fresno Division. Earlier post.). 110-140, 121 Stat. 1492, and the federal Renewable Fuels Standard. NPRA President Charles T.

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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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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. Without a bold change of policy direction, the IEA warned at the launch, the world will lock itself into an insecure, inefficient and high-carbon energy system.

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