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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Oil remains the world’s leading fuel, but its 33.1% Coal’s market share of 30.3% Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% in 2011, close to the historical average.

Coal 261
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Study finds that dry-feed gasification for coal-to-liquids is more efficient, lower-emitting and cheaper than slurry-feed; CCS cost-effective for reduction of CO2

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Comparison of coal consumption and CO 2 emissions for co-production and separate production of liquids and power. Conventional CTL plant gasifies coal to produce a syngas which is then converted in a Fischer-Tropsch reactor to products. Even with CCS, the liquid product costs are comparable to recent crude oil prices.

Coal 231
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BCG report finds advanced biofuels, concentrated solar power, and solar photovoltaic tracking to make significant market impact sooner than commonly assumed

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If these barriers can be overcome, advanced biofuels could significantly disrupt the status quo in fuel markets. Base case economics for EVs in North America are very challenging, absent significant disruption in oil price or battery cost. Cleaner coal through carbon capture and sequestration.

Solar 295
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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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The US Energy Information Administration (EIA) released its Reference case projections for US energy markets through 2035. EIA added a premium to the capital cost of CO 2 -intensive technologies to reflect current market behavior regarding possible future policies to mitigate greenhouse gas emissions. Source: EIA. Click to enlarge.

Oil 210
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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

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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. Links between regional gas markets will strengthen as liquefied natural gas trade becomes more flexible and contract terms evolve. Energy demand. — WEO-2012.

Global 225
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Refiners and Truckers Associations Challenge California LCFS in Federal Court

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Because the carbon intensity metric of fuels within the LCFS accounts not only for a fuel’s physical characteristics, but also the energy necessary to bring the transportation fuel to market in California, chemically identical fuels are assigned different carbon intensities under the LCFS, the complaint notes.

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

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The underlying assumption is that the world will immediately use whatever oil can be pumped from the ground, and that supply is independent of demand—that is, oil exploration investments bear no relation to the current oil price or expectations of future demand. Historical scenario. (A)

Oil 207