Coal, Forecast, Oil Prices and Resource

EIA projects increases in global energy consumption and emissions through 2050

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OCTOBER 7, 2021

Renewables will be the primary source for new electricity generation, but natural gas, coal, and increasingly batteries will be used to help meet load and support grid reliability. Oil and natural gas production will continue to grow, mainly to support increasing energy consumption in developing Asian economies.

Global

Global Energy Emissions Asia

EIA: world energy consumption to grow 56% 2010-2040, CO2 up 46%; use of liquid fuels in transportation up 38%

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JULY 25, 2013

With prices expected to increase in the long term, however, the world oil price in real 2011 dollars reaches $106 per barrel in 2020 and $163 per barrel in 2040, according to IEO2013. Non-petroleum liquids resources from both OPEC and non-OPEC sources grow on average by 3.7% million barrels per day.

2010

2010 Transportation Fuel Energy

EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

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FEBRUARY 23, 2017

The estimates developed in the study have now been incorporated into EIA’s historical data and forecasts of petroleum and other liquids consumption in China. The main effect of this change on the forecasted STEO liquid fuels market balances is that the higher consumption in 2014 raises the baseline to which the STEO forecast benchmarks.

2000

2000 2016 Fuel China

EIA Energy Outlook 2011 more than doubles estimates of US shale gas resources; higher production at lower prices

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DECEMBER 17, 2010

The Annual Energy Outlook 2011 (AEO2011) Reference case released yesterday by the US Energy Information Administration (EIA) more than doubles the technically recoverable US shale gas resources assumed in AEO2010 and added new shale oil resources. Transportation projections. quadrillion Btu in 2009 to 31.8

Gas

Gas 2011 Price Energy

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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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

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

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APRIL 14, 2015

AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. trillion cubic feet (Tcf) in the Low Oil Price case to 13.1

2020

2020 Energy Transportation Oil Prices

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

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DECEMBER 16, 2013

In developing its projections, the EIA implemented a new approach to forecasting VMT, based on an analysis of VMT by age cohorts and the aging of the driving population over the course of the projection. Some other key findings of the AEO2014 Reference case include: Low natural gas prices boost natural gas-intensive industries.

Oil

Oil Light Energy Vehicles

BCG report finds advanced biofuels, concentrated solar power, and solar photovoltaic tracking to make significant market impact sooner than commonly assumed

Green Car Congress

NOVEMBER 11, 2010

Base case economics for EVs in North America are very challenging, absent significant disruption in oil price or battery cost. Its growth will be limited to a few regions or countries hat are committed to meeting aggressive carbon-reduction targets but have few other renewable resources. Click to enlarge. BCG, November 2010).

Solar

Solar Boston Consulting Group Power Powered

EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

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JANUARY 23, 2012

It also assumed implementation of existing regulations that enable the building of new energy infrastructure and resource extraction. Under the Reference case, domestic crude oil production is expected to grow by more than 20% over the coming decade; already, domestic crude oil production increased from 5.1

Oil

Oil 2005 Production 2010

Stanford, UC Santa Cruz study explores ramifications of demand-driven peak to conventional oil

Green Car Congress

JULY 2, 2013

In contrast to arguments that peak conventional oil production is imminent due to physical resource scarcity, a team from Stanford University and UC Santa Cruz has examined the alternative possibility of reduced oil use due to improved efficiency and oil substitution. Historical scenario. (A)

Oil

Oil Oil-Sands Fuel Economy Transportation

Study projects emission impacts of inexpensive, efficient EVs: 36% further reduction in LDV GHG by 2050, or 9% economy-wide

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JUNE 7, 2017

The team explored other scenarios including different levels of CO 2 and CH 4 fees applied to the BAU and OPT scenarios; different levels of LDV demand; and different oil prices. Electricity generation from natural gas increases over time in both scenarios, whereas generation from existing coal plants declines. 6b04801.

Emissions

Emissions Economy Gasoline-Electric Coal

KPMG survey finds majority of energy execs see oil over $121/barrel this year; shale expected to have transformative impact, investment in alternatives increasing

Green Car Congress

MAY 12, 2011

The executives also foresee shale oil and gas having a transformative effect on helping to meet the world’s energy needs, according to the results of the 9 th Annual Energy Survey conducted by the KPMG Global Energy Institute. 69% anticipate operating costs will go up over the next 12 months as well.

Oil

Oil Energy Wind 2011

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

NOVEMBER 12, 2012

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. In the New Policies Scenario, global coal demand increases by 21% and is heavily focused in China and India. Energy demand. — WEO-2012. Renewables.

Global

Global 2012 Energy Oil

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

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DECEMBER 5, 2012

Biofuels grow at a slower rate due to lower crude oil prices and. The decline reflects increased domestic production of both petroleum and natural gas, increased use of biofuels, and lower demand resulting from the adoption of new vehicle fuel efficiency standards and rising energy prices. Biomass and biofuels growth is slower.

Fuel

Fuel Energy Sale 2013

IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

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JANUARY 17, 2015

The report, “ Renewable Power Generation Costs in 2014 ”, concludes that biomass, hydropower, geothermal and onshore wind are all competitive with or cheaper than coal, oil and gas-fired power stations, even without financial support and despite falling oil prices. Source: IRENA. Click to enlarge.

Renewable

Renewable Parts Power Powered

EIA projects world liquid fuels use to rise 38% by 2040, driven by growth in Asia and Middle East; transportation 92% of demand

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SEPTEMBER 10, 2014

Crude and lease condensate includes tight oil, shale oil, extra-heavy crude oil, field condensate, and bitumen (i.e., oil sands, either diluted or upgraded). Other liquids refer to natural gas plant liquids (NGPL), biofuels (including biomass-to-liquids [BTL]), gas-to-liquids (GTL), coal-to-liquids (CTL), kerogen (i.e.,

Asia

Asia Transportation Oil-Sands Oil Prices

VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

Green Car Congress

JULY 4, 2009

Limited fossil fuel resources. The perspective of rising oil prices is a turboboost for a change in customer behavior, he said. Experts, consultants and politicians tumble over one another with forecasts. Does it ever make sense ecologically to operate a car with power from a coal-fired plant?

2013

2013 Companies Gas-Electric Recharge

IEA World Energy Outlook 2013 sees CO2 emissions rising by 20% to 2035; oil use on upward trend

Green Car Congress

NOVEMBER 13, 2013

China is about to become the largest oil-importing country and India becomes the largest importer of coal by the early 2020s. The US moves steadily towards meeting all of its energy needs from domestic resources by 2035. However, this does not imply a new era of oil abundance, the report cautions.

Oil

Oil 2013 Energy Emissions

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. Click to enlarge. Electric vehicles.

Oil

Oil Transportation Cheap Fleet

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

APRIL 16, 2009

Renewables That Even Coal-Based Utilities Can Love. DE (1) Agricultural offsets (1) Always On Going Green (1) Applied Materials (1) Appropedia (1) Aqua Resources Fund (1) Arnold Schwarzenegger (1) BMWG.F (1) 1) Nurture My Body (1) OESX (1) OIL ETN (1) OTCBB:PPRW (1) Oasys (1) Ocean Dead Zones (1) PLX Devices (1) PNE3.DE

Grid

Grid Electric Vehicles Vehicles Oil-Sands

EV Driven

EIA projects increases in global energy consumption and emissions through 2050

EIA: world energy consumption to grow 56% 2010-2040, CO2 up 46%; use of liquid fuels in transportation up 38%

EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

EIA Energy Outlook 2011 more than doubles estimates of US shale gas resources; higher production at lower prices

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

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

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

BCG report finds advanced biofuels, concentrated solar power, and solar photovoltaic tracking to make significant market impact sooner than commonly assumed

EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

Stanford, UC Santa Cruz study explores ramifications of demand-driven peak to conventional oil

Study projects emission impacts of inexpensive, efficient EVs: 36% further reduction in LDV GHG by 2050, or 9% economy-wide

KPMG survey finds majority of energy execs see oil over $121/barrel this year; shale expected to have transformative impact, investment in alternatives increasing

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

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

EIA projects world liquid fuels use to rise 38% by 2040, driven by growth in Asia and Middle East; transportation 92% of demand

VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

IEA World Energy Outlook 2013 sees CO2 emissions rising by 20% to 2035; oil use on upward trend

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

Cleantech Blog: Smart Grids and Electric Vehicles

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