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

Green Car Congress

The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). million barrels per day this year and 12.8

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Rhodium Group estimates US GHG fell 2.1% in 2019, driven by coal decline

Green Car Congress

This decline was due almost entirely to a drop in coal consumption. Coal-fired power generation fell by a record 18% year-on-year to its lowest level since 1975. An increase in natural gas generation offset some of the climate gains from this coal decline, but overall power sector emissions still decreased by almost 10%.

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Gas prices due to drop in 2024, as EVs plug into cleaner energy

Green Car Reports

Energy Information Administration (EIA) expects combined electricity generation from solar and wind to exceed coal for the first time in 2024. The cost of gasoline and the carbon footprint of EVs could both fall in the new year.

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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 that the European benchmark Brent crude oil price will average less than $80 per barrel in 2024, more than 20% lower than in 2022. per gallon in 2023 and $3.10

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US wind generation fell in 2023 for the first time since the 1990s

Baua Electric

Annual US power generation from wind turbines declined in 2023 for the first time since the mid-1990s – here’s why. gigawatts (GW) of new wind capacity last year, but data from the US Energy Information Administration’s “ Power Plant Operations Report ” show that US wind generation in 2023 totaled 425,235 gigawatt-hours (GWh) – 2.1%

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NETL framework for assessing economic viability of recovering REEs from unconventional sources

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Unconventional REE sources such as domestic coal and coal waste could yield the materials needed for the strong magnets necessary to turn wind into electricity and operate electric vehicles. We then used market prices to develop well-defined methods for determining diverse product values.

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Solar, wind to lead US power generation growth for the next 2 years

Baua Electric

The US Energy Information Administration (EIA) forecasts that solar and wind will lead US power generation growth for the next two years in its latest Short-Term Energy Outlook. The EIA also expects wind power generation to grow 11% from 430 billion kWh in 2023 to 476 billion kWh in 2025. Get started here. –ad*

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