Remove Coal Remove Miles Remove Oil Remove Price
article thumbnail

BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

Green Car Congress

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60

article thumbnail

DKRW Advanced Fuels secures EPC contract with Sinopec Engineering for Medicine Bow coal-to-liquids project in Wyoming

Green Car Congress

DKRW Advanced Fuels LLC (DKRW) announced that its wholly owned subsidiary, Medicine Bow Fuel & Power LLC (MBFP), has entered into a fixed price Lump Sum Turn Key (LSTK) Engineering Procurement and Construction (EPC) contract with the Sinopec Engineering Group (SEG). mile pipeline from Medicine Bow to Cheyenne. Denbury Resources Inc.,

Wyoming 236
article thumbnail

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

Green Car Congress

As a result, annual increases in vehicle miles traveled (VMT) in LDVs average 0.9% The differences from AEO2013 to AEO2014 result from different fuel prices, updated manufacturer product offerings, changing technology attributes, and an updated view of consumer perceptions of infrastructure availability for E85 vehicles.

Oil 290
article thumbnail

MIT and U. Texas report urges combining and scaling up carbon capture and storage with enhanced oil recovery

Green Car Congress

A report from MIT and The University of Texas at Austin urges the US to accelerate efforts to pursue carbon capture and storage (CCS) in combination with enhanced oil recovery (EOR), a practice that could increase domestic oil production while significantly curbing emissions of carbon dioxide. Most of this CO 2. CO 2 could be employed.

MIT 210
article thumbnail

Opinion: Why Buffett Bet A Billion On Solar: Miles Per Acre Per Year

Green Car Congress

The cost to operate an EV, per mile, is already well below the cost to drive a standard ICE-age model, and the advantage is likely to widen. The average US residential customer pays 12 cents per kilowatt-hour (kWh) , which means the cost to drive one mile in an EV is somewhat less than 4 cents. New cars in 2015 get 25 mpg.)

Solar 150
article thumbnail

EIA projects decline in transportation sector energy consumption through 2037 despite increase in VMT, followed by increase

Green Car Congress

For the Transportation sector, EIA projects that energy consumption will decline between 2019 and 2037 (in the Reference case) because increases in fuel economy more than offset growth in vehicle miles traveled (VMT). Light-duty vehicle miles traveled increases by 20% in the Reference case, growing from 2.9 trillion miles in 2018 to 3.5

article thumbnail

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

Green Car Congress

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. Energy consumption for light-duty vehicles grows from 16.7 quadrillion Btu in 2009 to 18.4

Gas 199