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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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Low global oil inventories coupled with continued high demand for gasoline, diesel, and other petroleum products means that increased production likely won’t have much impact on prices in the short term. EIA forecasts that retail sales of electricity to the industrial sector will grow by 2.8% and by 1.5% in summer 2021.

Oil 344
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ICCT LCA study finds only battery and hydrogen fuel-cell EVs have potential to be very low-GHG passenger vehicle pathways

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In addition to its regional and temporal scope, this study is distinct from earlier LCA literature in four key aspects: This study considers the lifetime average carbon intensity of the fuel and electricity mixes, including biofuels and biogas. Source: The ICCT.

Hydrogen 418
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EIA: US energy-related CO2 fell by 2.8% in 2019, slightly below 2017 levels

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In 2019, CO 2 emissions from petroleum fuels—nearly half of which are associated with motor gasoline consumption—fell by 0.8%, and CO 2 emissions from the use of natural gas increased by 3.3%. The United States now emits less CO 2 from coal than from motor gasoline. Total net electricity generation fell by 1.5%

2019 273
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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

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The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. EIA forecasts US gasoline prices to average around $3.30 EIA forecasts that US refining margins for diesel will fall by 20% in 2023 and by 38% in 2024.

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EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

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That price increase paired with an increase in gasoline and diesel demand will likely increase the cost of regular gasoline and diesel fuel this summer. EIA expects the retail price of regular-grade gasoline in the United States will average $2.78 For diesel fuel, EIA expects retail prices to average $2.91/gal

2019 186
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JEC updates well-to-wheels study on automotive fuels and powertrains; electro-mobility, natural gas and biofuels

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It adds an assessment of electrically chargeable vehicle configurations, such as plug-in hybrid, range extended, battery and fuel-cell electric vehicles. Broadly, the study found that ongoing developments in gasoline / diesel engine and vehicle technologies will continue to contribute to the reduction of energy use and GHG emissions.

Gas 277
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China’s Oil & Gas Giant Sinopec Says Peak Oil Demand Already Happened In China

CleanTechnica EVs

Half of the world's economy has already reached peak gasoline and diesel demand while electric vehicle deliveries in every segment are shooting through the roof.

Oil 142