Coal, Oil, Price and Wind

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

Green Car Congress

MAY 11, 2022

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 set in 2019.

Oil

Oil Price Production Oil Prices

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

Green Car Congress

JANUARY 11, 2023

EIA expects crude oil prices to decrease through 2023 and 2024, even as petroleum consumption increases, largely because growth in crude oil production in the United States and abroad will continue to increase over the next two years. Areas of uncertainty include Russian oil supply and OPEC production. per gallon in 2024.

Oil Prices

Oil Prices Oil Global Price

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

Green Car Congress

JANUARY 8, 2020

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%.

Coal

Coal 2019 2018 Gas-Electric

US renewables’ installed generating capacity beats coal

Baua Electric

MARCH 29, 2024

Photo by Los Muertos Crew on Pexels.com Solar capacity additions hit the ground running in 2024, pushing renewables’ installed generating capacity past coal, according to new US Federal Energy Regulatory Commission (FERC) data. That’s more than the installed capacity of coal (207.15 of the total. GW) but also hydropower (101.41

Coal

Coal Installation Renewable Solar

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

Green Car Congress

DECEMBER 22, 2014

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

Oil Prices

Oil Prices Oil Price Carbon

IEA: global CO2 emissions rebounded to their highest level in history in 2021; largely driven by China

Green Car Congress

MARCH 9, 2022

billion tonnes, their highest ever level, as the world economy rebounded strongly from the COVID-19 crisis and relied heavily on coal to power that growth, according to new IEA analysis. Coal accounted for over 40% of the overall growth in global CO 2 emissions in 2021, reaching an all-time high of 15.3 billion tonnes. billion tonnes.

Emissions

Emissions Global Coal China

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%

Green Car Congress

JUNE 13, 2012

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% World primary energy consumption grew by 2.5%

Coal

Coal Oil Renewable Saudi Arabia

BloombergNEF: solar, wind, batteries to attract $10T to 2050; curbing emissions long-term will require other technologies

Green Car Congress

JUNE 19, 2019

Deep declines in wind, solar and battery technology costs will result in a grid nearly half-powered by the two fast-growing renewable energy sources by 2050, according to the latest projections from BloombergNEF (BNEF). NEO starts by analyzing technology trends and fuel prices to build a least cost view of the changing electricity sector.

Wind

Wind Solar Emissions Batteries

EIA projects increases in global energy consumption and emissions through 2050

Green Car Congress

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. —Stephen Nalley.

Global

Global Energy Emissions Asia

Tesla Megapack battery turns on to replace Hawaii’s last coal plant

Baua Electric

JANUARY 11, 2024

A Tesla Megapack battery system has officially turned on to replace Hawaii’s very last coal power plant. In early 2022, we reported that Tesla is deploying Megapacks at a new energy storage project that will replace Hawaii’s last remaining coal plant. It will enable better use of the state’s increasing renewable energy.

Coal

Coal Hawaii Energy Storage Batteries

1 in 5 new car sales globally were EVs in 2023, and that’s curbed oil demand – IEA

Baua Electric

MARCH 2, 2024

Photo: Tesla Without EVs, solar, wind, and nuclear, the global rise in emissions in the last five years would have been three times larger, new International Energy Agency (IEA) analysis shows. Their emissions dropped to a 50-year low while coal demand fell back to levels not seen since the early 1900s. Get started here. –

Global

Global Oil Sale Coal

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

Green Car Congress

APRIL 7, 2021

EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel. 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. gal last summer.

2019

2019 Fuel Coal Motor

IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

Green Car Congress

MAY 31, 2020

A combination of falling demand, lower prices and a rise in cases of non-payment of bills means that energy revenues going to governments and industry are set to fall by well over $1 trillion in 2020, according to the report. Global investment in oil and gas is expected to fall by almost one-third in 2020. —Dr Birol.

Global

Global Energy Coal 2020

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

DECEMBER 16, 2013

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. Natural gas overtakes coal as the largest fuel for US electricity generation.

Oil

Oil Light Energy Vehicles

Canada Pays $85 Billion Higher Social Carbon Price Than Oil & Gas Revenues

CleanTechnica EVs

APRIL 27, 2023

Our children and their children and their children's children will be paying that price.

Price

Price Canada Carbon Oil

Global Carbon Project: Global carbon emissions growth slows, but hits record high

Green Car Congress

DECEMBER 5, 2019

Driven by rising natural gas and oil consumption, levels of CO 2 are expected to hit 37 billion metric tons this year, according to new estimates from the Global Carbon Project (GCP), an initiative led by Stanford University scientist Rob Jackson. In 2019, consumption of coal is expected to drop 11% in the U.S.—down

Carbon

Carbon Global Emissions Climate Change

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

Green Car Congress

JULY 25, 2013

The Brent crude oil spot price averaged $112 per barrel in 2012, and EIA’s July 2013 Short-Term Energy Outlook projects averages of $105 per barrel in 2013 and $100 per barrel in 2014. Despite rising fuel prices, use of liquids for transportation increases by an average of 1.1% Liquid fuels.

2010

2010 Transportation Fuel Energy

BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

Green Car Congress

AUGUST 7, 2020

However, the resulting low gas prices, as well as clean air and climate policies, will promote further switching to gas from other more polluting energy sources, such as oil and coal. India is planning to almost double the length of its gas transmission grid, while China will grow its gas network about 60% by 2025.

Gas

Gas Global Industrial Industry

Researchers Say Mix of Policies and Current or Near-Term Technologies Could Phase Out US CO2 Emissions from Coal-Fired Power Plants by 2030

Green Car Congress

MAY 2, 2010

CO 2 emissions from US coal-fired power plant could be phased out entirely by 2030 using existing technologies or ones that could be commercially competitive with coal within about a decade, according to a paper published online 30 April in the ACS journal Environmental Science & Technology. Credit: ACS, Kharecha et al.

Coal

Coal Emissions Oil-Sands Climate Change

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. 2010, to above 140 $/bbl in constant 2010 dollars).

Oil

Oil Oil-Sands Fuel Economy Transportation

Ohio bill would grant permanent subsidies to coal-fired power plants

Green Car Reports

JUNE 14, 2017

has vastly increased its oil and gas production, driving down prices of fossil fuels globally. At the same time, ever-cheaper renewable energy—not only solar, but surprisingly fast-growing wind generation—is now. It's now widely acknowledged that the energy and electricity-generation landscape is changing rapidly.

Ohio

Ohio Grant Coal Wind

Tesla Megapack project breaks ground, Arizona’s largest project yet

Teslarati

APRIL 15, 2023

According to previous information released by SRP, the project was set to cost $400 million, but this does not account for the recent Tesla Megapack price cut. The rest of Arizona’s energy comes from either Nuclear (28%), hydroelectric (5%), or wind (1%). According to the U.S.

Arizona

Arizona Energy Storage Tesla 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

Energy executives expect continued volatility in the price-per-barrel of oil for the remainder of the year, with 64% predicting crude prices to exceed $121 per barrel. Only 35% think current crude prices are near the high they expect for oil this year, predicting the peak will be between $111 and $120 per barrel.

Oil

Oil Energy Wind 2011

IEA: governments must act to ensure sufficient supply of critical minerals to meet net-zero goals

Green Car Congress

MAY 6, 2021

A typical electric car requires six times the mineral inputs of a conventional car, and an onshore wind plant requires nine times more mineral resources than a similarly sized gas-fired power plant. Wind takes the lead, bolstered by material-intensive offshore wind. Source: IEA. Source: IEA.

Supplies

Supplies Climate Wind Clean

MIT Report Finds Natural Gas Has Significant Potential to Displace Coal, Reducing Greenhouse Gas Emissions; Role in Transportation More Limited

Green Car Congress

JUNE 26, 2010

Natural gas will play a leading role in reducing greenhouse-gas emissions over the next several decades, largely by replacing older, inefficient coal plants with highly efficient combined-cycle gas generation, according to a major new interim report out from MIT. The first two reports dealt with nuclear power (2003) and coal (2007).

MIT

MIT Coal Gas Emissions

Purdue analysis finds H2Bioil biofuel could be cost-competitive when crude is between $99–$116/barrel

Green Car Congress

JUNE 5, 2012

The break-even crude oil price for a delivered biomass cost of $94/metric ton when hydrogen is derived from coal, natural gas or nuclear energy ranges from $103 to $116/bbl for no carbon tax and even lower ($99–$111/bbl) for the carbon tax scenarios. —Singh et al. We’re in the ballpark.

Oil Prices

Oil Prices Tax Coal Hydrogen

BP Energy Outlook: 30% growth in global demand to 2035; fuel demand continues to rise, even with EVs & fuel efficiency

Green Car Congress

JANUARY 25, 2017

While non-fossil fuels are expected to account for half of the growth in energy supplies over the next 20 years, the Outlook projects that oil and gas, together with coal, will remain the main source of energy powering the world economy, accounting for more than 75% of total energy supply in 2035, compared with 86% in 2015.

Global

Global Fuel Energy Oil

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

” also sees steady adoption of on-shore wind and electric vehicle technologies, but suggests that off-shore wind and carbon capture and sequestration look likely to fade or decline. For some alternative-energy industries—CCS and off shore wind, for example—real competitiveness is still a distant probability.

Solar

Solar Boston Consulting Group Power Powered

Concepts for an “Energy Security Trust” reach back to President Carter

Green Car Congress

FEBRUARY 13, 2013

In his State of the Union speech Tuesday night, President Obama proposed “ we use some of our oil and gas revenues to fund an Energy Security Trust that will drive new research and technology to shift our cars and trucks off oil for good. American innovation has given us the greatest industrial capacity on Earth.

Concept

Concept Energy Tax Oil

Mad Power thoughts

EV Info

SEPTEMBER 23, 2021

Wind farms stand idle for days on end, a fire interrupts a vital cable from France, a combination of post-Covid economic recovery and Russia tightening supply means the gas price has shot through the roof – and so the market price of both home heating and electricity is rocketing. Climate Change. Energy Solutions.

Power

Power Powered Wind Coal

Tunable high-yield catalytic approach converts pyrolysis oil to bio-hydrocarbon chemical feedstocks including fuel additives

Green Car Congress

NOVEMBER 26, 2010

Pyrolysis bio-oils are produced by the thermal decomposition of biomass by heating in the absence of oxygen at more than 500 °C; fast pyrolysis of biomass is much less expensive than biomass conversion technologies based on gasification or fermentation processes. Solid arrows: Pyrolysis oil is directly passed over the zeolite catalyst.

Oil

Oil Convert Hydrogen Fuel

Berkeley Lab releases 8th edition of databook on China’s energy and environment; finding the “missing” energy consumption

Green Car Congress

SEPTEMBER 30, 2013

We have gathered statistical information on energy and energy demand drivers from all different resources, such as the China Environment Yearbook , the Transportation Yearbook , the Power Yearbook , the Iron and Steel Yearbook , the Cement Almanac , statistics of oil companies and power companies.

Environment

Environment Energy Coal United States

Annual Increase in Global CO2 Emissions Halved in 2008; Decrease in Fossil Oil Consumption, Increase in Renewables Share

Green Car Congress

JUNE 26, 2009

In addition to high oil prices and the financial crisis, the increased use of new renewable energy sources, such as biofuels for road transport and wind energy for electricity generation, had a noticeable and mitigating impact on CO 2 emissions. Global CO 2 emissions from fuel use and cement production by region. Source: PBL.

2008

2008 Oil Renewable Emissions

American energy and American made

Electric Auto Association

JULY 7, 2022

The market pricing for vehicle fuels depends largely on global supply/demand and foreign crises with the net result of sometimes extreme price volatility. The global petroleum market is complex and there are certainly other impacts to consumer fuel pricing, but global oil prices are the largest component.

West Virginia

West Virginia Virginia Energy Oil Prices

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

Green Car Congress

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. Report highlights include: Cape Wind’s troubles.

Renewable

Renewable Parts Power Powered

BP Energy Outlook 2030 sees emerging economies leading energy growth to 2030; global CO2 emissions from energy well above IEA 450 scenario

Green Car Congress

JANUARY 19, 2011

Between 2010 to 2030 the contribution to energy growth of renewables (solar, wind, geothermal and biofuels) is seen to increase from 5% to 18%. Natural gas is projected to be the fastest growing fossil fuel, and coal and oil are likely to lose market share as all fossil fuels experience lower growth rates.

Energy

Energy Economy Global Oil-Sands

Lux Research: cost of electrofuels remains far from viable

Green Car Congress

JUNE 9, 2014

Production costs per barrel of oil equivalent. Although not electrofuels in the strict sense, these are best bets at cost parity, in which using conventional natural gas and coal-generated electricity and making hydrogen from natural gas makes fuels cost competitive at just over $90 per barrel of oil equivalent, according to Lux.

Cost Of

Cost Of North Carolina Conversion Hydrogen

Global CO2 emissions up 3% in 2011; per capita CO2 emissions in China reach EU levels

Green Car Congress

JULY 20, 2012

savings stimulated by high oil prices led to a decrease of 3% in CO 2 emissions in the European Union and of 2% in both the United States and Japan. tonnes per capita, despite a decline due to the recession in 2008-2009, high oil prices and an increased share of natural gas. Coal consumption in China increased by 9.7%

2011

2011 Emissions CO2 Global

Good news – the world has a real chance of achieving its goal of tripling renewables by 2030

Baua Electric

JANUARY 10, 2024

The largest growth took place in China, which commissioned as much solar in 2023 as the entire world did in 2022, while China’s wind power additions rose by 66% year-over-year. Solar and wind account for 95% of the expansion, with renewables overtaking coal to become the largest source of global electricity generation by early 2025.

Renewable

Renewable Solar Financing Installation

Shell to build LNG units in Gulf Coast and Great Lakes regions; two additional LNG for transport corridors in North America

Green Car Congress

MARCH 5, 2013

Once operational, this unit will supply LNG along the Mississippi River, the Intra-Coastal Waterway and to the offshore Gulf of Mexico and the onshore oil and gas exploration areas of Texas and Louisiana. A profound shift in the transportation sector sees global demand for oil peaking in about 2035.

North America

North America Transportation America Building

What is Renewable energy integration, challenges, why it is needed

Baua Electric

DECEMBER 31, 2023

This involves the seamless blending of renewable energy, such as solar, wind, hydro, and geothermal power, into the overall energy infrastructure to meet the growing demand for clean and sustainable energy. Renewable energy integration refers to the process of efficiently incorporating renewable energy sources into existing energy systems.

Renewable

Renewable Energy Energy Storage Wind

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

Green Car Congress

JANUARY 28, 2019

However, US coal shipments, which are primarily via rail, decline slightly. The AEO2019 Reference case also projects significant continued development of US shale and tight oil and natural gas resources, as well as continued growth in use of renewable resources. Other findings. million barrels per day (b/d) through 2040.

Transportation

Transportation Energy Fuel Economy 2018

Why Do Japanese Automakers Like Hydrogen Power?

The Truth About Cars

MAY 17, 2023

Presently, the vast majority of hydrogen is produced using coal or natural gas as feedstocks. Europe, which dove into renewables harder than anybody, is suffering from a legitimate energy crisis right now with prices surpassing historic levels. But such a breakthrough seems a long way off.

Hydrogen

Hydrogen Power Powered Japan

Geely invests in Carbon Recycling Intl.; vehicles fueled by methanol from CO2, water and renewable energy

Green Car Congress

JULY 8, 2015

Vulcanol is CRI’s brand name for renewable methanol, produced from CO 2 and hydrogen from renewable sources of electricity (hydro, geothermal, wind and solar). Methanol can be produced from a range of renewable sources and fossil-fuel based feed-stocks; in practice methanol is mainly produced in coal-rich China from coal.

Renewable

Renewable Carbon Water Fuel

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

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

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

US renewables’ installed generating capacity beats coal

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

IEA: global CO2 emissions rebounded to their highest level in history in 2021; largely driven by China

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%

BloombergNEF: solar, wind, batteries to attract $10T to 2050; curbing emissions long-term will require other technologies

EIA projects increases in global energy consumption and emissions through 2050

Tesla Megapack battery turns on to replace Hawaii’s last coal plant

1 in 5 new car sales globally were EVs in 2023, and that’s curbed oil demand – IEA

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

IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

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

Canada Pays $85 Billion Higher Social Carbon Price Than Oil & Gas Revenues

Global Carbon Project: Global carbon emissions growth slows, but hits record high

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

BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

Researchers Say Mix of Policies and Current or Near-Term Technologies Could Phase Out US CO2 Emissions from Coal-Fired Power Plants by 2030

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

Ohio bill would grant permanent subsidies to coal-fired power plants

Tesla Megapack project breaks ground, Arizona’s largest project yet

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: governments must act to ensure sufficient supply of critical minerals to meet net-zero goals

MIT Report Finds Natural Gas Has Significant Potential to Displace Coal, Reducing Greenhouse Gas Emissions; Role in Transportation More Limited

Purdue analysis finds H2Bioil biofuel could be cost-competitive when crude is between $99–$116/barrel

BP Energy Outlook: 30% growth in global demand to 2035; fuel demand continues to rise, even with EVs & fuel efficiency

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

Concepts for an “Energy Security Trust” reach back to President Carter

Mad Power thoughts

Tunable high-yield catalytic approach converts pyrolysis oil to bio-hydrocarbon chemical feedstocks including fuel additives

Berkeley Lab releases 8th edition of databook on China’s energy and environment; finding the “missing” energy consumption

Annual Increase in Global CO2 Emissions Halved in 2008; Decrease in Fossil Oil Consumption, Increase in Renewables Share

American energy and American made

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

BP Energy Outlook 2030 sees emerging economies leading energy growth to 2030; global CO2 emissions from energy well above IEA 450 scenario

Lux Research: cost of electrofuels remains far from viable

Global CO2 emissions up 3% in 2011; per capita CO2 emissions in China reach EU levels

Good news – the world has a real chance of achieving its goal of tripling renewables by 2030

Shell to build LNG units in Gulf Coast and Great Lakes regions; two additional LNG for transport corridors in North America

What is Renewable energy integration, challenges, why it is needed

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

Why Do Japanese Automakers Like Hydrogen Power?

Geely invests in Carbon Recycling Intl.; vehicles fueled by methanol from CO2, water and renewable energy

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