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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

Green Car Congress

EIA expects crude oil prices to decrease through 2023 and 2024, even as petroleum consumption increases, largely because growth in crude oil production in the United States and abroad will continue to increase over the next two years. EIA forecasts US gasoline prices to average around $3.30 per gallon in 2023 and $3.10

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Canada Pays $85 Billion Higher Social Carbon Price Than Oil & Gas Revenues

CleanTechnica EVs

Our children and their children and their children's children will be paying that price.

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Hydro-Québec will support the clean hydrogen sector in Québec

Green Car Congress

In addition to having access to Québec’s vast water resources to generate green, renewable power at competitive prices, Hydro-Québec has everything it needs to support the development of green hydrogen. Decarbonizing the economy to reduce greenhouse gas (GHG) emissions is one of the company’s priorities.

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TransAlta to use Tesla stationary batteries in Alberta’s first large-scale commercial energy storage project

Green Car Congress

The technology allows a building owner to purchase electricity during times of low demand and low prices—after midnight, for example—store it in the on-site battery units, and then use that power during periods of high demand when prices peak, typically in the late afternoon and early evening.

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MIT Report Finds Natural Gas Has Significant Potential to Displace Coal, Reducing Greenhouse Gas Emissions; Role in Transportation More Limited

Green Car Congress

Natural gas will play a leading role in reducing greenhouse-gas emissions over the next several decades, largely by replacing older, inefficient coal plants with highly efficient combined-cycle gas generation, according to a major new interim report out from MIT. The first two reports dealt with nuclear power (2003) and coal (2007).

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What is Renewable energy integration, challenges, why it is needed

Baua Electric

This involves the seamless blending of renewable energy, such as solar, wind, hydro, and geothermal power, into the overall energy infrastructure to meet the growing demand for clean and sustainable energy. Renewable energy integration refers to the process of efficiently incorporating renewable energy sources into existing energy systems.

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Shell to build LNG units in Gulf Coast and Great Lakes regions; two additional LNG for transport corridors in North America

Green Car Congress

This decision follows an investment decision in 2011 on a similar corridor in Alberta, Canada. million tons per annum) at its Shell Sarnia Manufacturing Centre in Sarnia, Ontario, Canada. Market forces rather than policies shape the energy system: oil and coal remain part of the energy mix but renewable energy also grows.