Canada, Light, Oil Prices and Price

CAR: US light-duty vehicle sales to dip in 2019

Green Car Congress

FEBRUARY 12, 2019

The Center for Automotive Research’s (CAR’s) updated automotive sales outlook forecasts US light-duty vehicle sales at 16.8 US Light Vehicle Sales, 2015-2018, and CAR’s Forecast, 2019-2025. Solid new housing starts and home prices rebounding to pre-recession levels. million units for 2019. million units in 2021.

2019

2019 Light Sale Mexico

IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

FEBRUARY 3, 2015

However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2 The campaign is expected to have a long-lasting effect on premium parts/vehicle prices in China. —Lin Huaibin, manager, China light vehicle sales forecast, IHS Automotive. North America. from last year. million units.

2015

2015 Light Market Global

TransCanada terminates Energy East Pipeline and Eastern Mainline projects

Green Car Congress

OCTOBER 6, 2017

TransCanada Corporation is halting the application process for its proposed Energy East Pipeline and Eastern Mainline projects in Canada. million barrels of crude oil per day from Alberta and Saskatchewan to the refineries of Eastern Canada and a marine terminal in New Brunswick.

Energy

Energy Oil Prices Canada 2017

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

Energy consumption by light-duty vehicles in the United States, AEO2013 and AEO2014, 1995-2040 (quadrillion Btu). Natural gas prices significantly increase the demand for LNG and compressed natural gas in AEO2014 , from an insignificant share in 2012 to 8% of HDV energy consumption in 2040. quadrillion Btu in 2012 to 12.1 Source: EIA.

Oil

Oil Light Energy Vehicles

Junkyard Find: 1987 Chevrolet Sprint ER

The Truth About Cars

OCTOBER 30, 2023

It also had an upshift light (located in the lower right corner of the cluster) to remind drivers that fuel economy was more important than brisk acceleration. Even though memories of the gas lines and fuel rationing of 1979 were still vivid by 1987, oil prices crashed hard during the middle 1980s, hitting bottom in 1986.

Chevrolet

Chevrolet Suzuki California Los Angeles

Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

Green Car Congress

AUGUST 31, 2011

High oil prices, a global economic rebound, and new laws and mandates in Argentina, Brazil, Canada, China, and the United States, among other countries, are all factors behind the surge in production, according to research conducted by the Worldwatch Institute’s Climate and Energy Program for the website Vital Signs Online.

2010

2010 Brazil Global Argentina

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

CAPP forecasts oil sands development still drives steady Canadian oil production growth to 2030

Green Car Congress

JUNE 12, 2014

Conventional oil production in Western Canada, including condensates, remains stable at 1.5 Conventional oil production continues to reverse its previous long decline because of the continuing use of horizontal and multi-fracturing drilling techniques. CAPP does not forecast oil prices. Pipelines and proposals.

Oil-Sands

Oil-Sands Oil Production 2013

Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

JANUARY 1, 2011

” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. In DB’s Fall 2009 note, they had forecast 12% growth.

Transportation

Transportation Gasoline Lithium Ion Gasoline-Electric

Syncrude to Expand Its Oil Sands Synthetic Crude Output to 425,000 Barrels per Day by 2020

Green Car Congress

FEBRUARY 25, 2010

These growth plans would result in Syncrude broadening its production from the current light, sweet synthetic blend to a slate including heavy and sour blends. Decisions regarding further upgrading capacity will be considered in the future in the context of evolving heavy/light crude oil price spreads. and Imperial Oil.

Oil-Sands

Oil-Sands Oil 2020 Canada

State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

Green Car Congress

MARCH 2, 2013

The DOS SEIS accordingly takes a detailed look at life-cycle greenhouse gas emissions of petroleum products from Western Canadian Sedimentary Basin (WCSB) oil sands crudes compared with reference crudes and the potential impact the pipeline might have on climate change as well as on the future development of the oils sands resource in Canada.

Climate Change

Climate Change Oil-Sands Nebraska Climate

Opinion: Busting The “Canadian Bakken” Myth

Green Car Congress

JUNE 12, 2015

In truth, energy industry followers would do better to read a more subdued story in Bloomberg News , titled “Drop in oil prices means no drilling in Canada’s biggest shale reserves.” Knowledgeable oilmen like Hogg say that the Canol, while highly prospective, is a long-term game that will have to wait until oil prices rise.

Oil-Sands

Oil-Sands Oil North Dakota Oil Prices

State Department releases Keystone XL Final Supplemental Environmental Impact Statement

Green Car Congress

FEBRUARY 1, 2014

Market analysis: cross-border pipeline constraints have a limited impact on crude flows and prices. The earlier 2011 Final EIS was developed contemporaneously with the start of strong growth in domestic light crude oil supply from tight oil formations, such as those formations found in North Dakota’s Bakken region.

Oil-Sands

Oil-Sands Nebraska Oil Montana

Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

Green Car Congress

JUNE 23, 2011

Chevron, already the largest thermal heavy oil producer, is optimizing thermal production in heavy oil fields by leveraging information technology to improve the percentage recovery as well as the economics. Chevron’s heavy oil interests also include the oil sands in Canada and in the deepwater Brazil.

Chevron

Chevron Oil Oil-Sands Production

IHS-CERA concludes “no material impact” on US GHG from Keystone XL; heavy crude from Venezuela most likely replacement

Green Car Congress

AUGUST 9, 2013

Critics cite the steep crude oil price discounts for Canadian producers in the past year as further evidence that rail is not economic. On average in 2012, the price of heavy oils sands was $27 per barrel lower than a comparable barrel on the US Gulf Coast (USGC), and for short periods the difference was more than $40 per barrel.

Venezuela

Venezuela Oil-Sands Oil Canada

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

Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. But the average oil price remains high, approaching $120/barrel (in year-2010 dollars) in 2035. Oil and the Transport Sector: Reconfirming the End of Cheap Oil. Passenger light-duty vehicles.

Oil

Oil Transportation Cheap Fleet

EV Driven

CAR: US light-duty vehicle sales to dip in 2019

IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

TransCanada terminates Energy East Pipeline and Eastern Mainline projects

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

Junkyard Find: 1987 Chevrolet Sprint ER

Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

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

CAPP forecasts oil sands development still drives steady Canadian oil production growth to 2030

Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Syncrude to Expand Its Oil Sands Synthetic Crude Output to 425,000 Barrels per Day by 2020

State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

Opinion: Busting The “Canadian Bakken” Myth

State Department releases Keystone XL Final Supplemental Environmental Impact Statement

Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

IHS-CERA concludes “no material impact” on US GHG from Keystone XL; heavy crude from Venezuela most likely replacement

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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