Remove Coal Remove Cost Remove Oil Remove Russia
article thumbnail

EIA expects continued high prices for diesel and home heating oils

Green Car Congress

The US Energy Information Administration (EIA) expects that low inventories of distillate fuels, which are primarily consumed as diesel fuel and heating oil, will lead to high prices through early 2023. We expect notable decreases in electricity generation from natural gas and coal next year. EIA forecasts Russia will produce 9.3

Oil 334
article thumbnail

BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

Green Car Congress

However, the resulting low gas prices, as well as clean air and climate policies, will promote further switching to gas from other more polluting energy sources, such as oil and coal. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas. MMbtu in Russia, $8.7/MMbtu

Gas 243
article thumbnail

Opinion: The End Of An Era: Is The US Petrodollar Under Threat?

Green Car Congress

Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East. Related: Should Europe Be Concerned About Russia’s Growing Energy Relationship with Asia? ).

Russia 225
article thumbnail

BP Energy Outlook: 30% growth in global demand to 2035; fuel demand continues to rise, even with EVs & fuel efficiency

Green Car Congress

While non-fossil fuels are expected to account for half of the growth in energy supplies over the next 20 years, the Outlook projects that oil and gas, together with coal, will remain the main source of energy powering the world economy, accounting for more than 75% of total energy supply in 2035, compared with 86% in 2015.

Global 150
article thumbnail

IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

Green Car Congress

The WEO finds that the extraordinary growth in oil and natural gas output in the United States will mean a sea-change in global energy flows. barely rises in OECD countries, although there is a pronounced shift away from oil, coal (and, in some countries, nuclear) towards natural gas and renewables. Oil demand reaches 99.7

Global 225
article thumbnail

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).

MIT 240
article thumbnail

New process produces high-octane synthetic fuel from low-octane Fischer-Tropsch gasoline

Green Car Congress

A team in Russia has developed a novel and simple strategy to produce high-octane synthetic fuel based on low-octane gasoline Fischer-Tropsch product via new two-stage processes in Fischer-Tropsch synthesis involving isomerization of alkenes and a methoxylation process. A paper on their work is published in the journal Fuel.

Gasoline 170