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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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Unconventional liquids become increasingly important in the total supply of liquid fuels, according to IEO2011. 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. Click to enlarge.

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IEA says oil supplies may not keep up with demand

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Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades. Global oil demand is expected to increase by 37 percent by 2040, with a dominant proportion of that coming from developing countries—i.e. China and India.

Oil 257
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Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

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As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. In a speech made at the Association of International Petroleum Negotiators’ 2017 International Petroleum Summit, Johnston laid out his concerns for the future of oil. oil may not be able to fill.

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ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

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In 2010 China had only about five light-duty vehicles per 100 people, while India had less than two per 100 people; this compares to about 75 vehicles for every 100 people in the United States. However, by 2040, China and India are expected to increase their levels by more than 500%. Global liquids supply by type. Natural gas.

Oil-Sands 309
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UT Austin to lead $58M study of methane hydrate in Gulf of Mexico; $41M from DOE

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More specifically, this new project, managed by the DOE’s Office of Fossil Energy’s National Energy Technology Laboratory, will characterize and prioritize known and prospective drilling locations with a high probability of encountering concentrated methane hydrates in sand-rich reservoirs. Distribution of known methane hydrate accumulations.

Mexico 294
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Smith School lifecycle study highlights importance for algae-derived biodiesel of co-product utilization and optimizing and decarbonizing every step of the supply chain

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Since it is most likely that within the next decades the share of transport fuels from energy intensive unconventional oil resources will increase, the production of advanced biofuels from microalgae can only be a viable renewable fuel source if the energy intensity of the process can be managed and lowered accordingly. tons/ha/year).

Oil-Sands 236
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Wanxiang and GreatPoint Energy close $1.25B deal for 1 Tcf/year coal-to-natural-gas plant in Xinjiang; Sinopec to purchase output, building pipeline to east

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GreatPoint Energy and China Wanxiang Holdings have officially closed their investment and partnership agreement which was highlighted during an official signing ceremony between senior US and Chinese government officials in 2012. China Petroleum and Chemical Corp. Overview of the Bluegas catalytic coal methanation process.

Coal 225