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EIA expects continued high prices for diesel and home heating oils

Green Car Congress

The US Energy Information Administration (EIA) expects that low inventories of distillate fuels, which are primarily consumed as diesel fuel and heating oil, will lead to high prices through early 2023. We expect notable decreases in electricity generation from natural gas and coal next year. EIA forecasts Russia will produce 9.3

Oil 334
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The War in Ukraine Disrupts Trade in Both Food and Fuel

Cars That Think

The Russian invasion of Ukraine has brought a stream of reports about the country’s energy exports. This means that in 2021 the EU got more than 40 percent of its natural gas, 27 percent of its oil, and 46 percent of its coal imports from Russia, for which it paid €99 billion, or nearly US $10 billion a month. Here are the basic facts.

Ukraine 76
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Australian thermal coal mine aims for Q4 restart on supply deal – ET Auto

Baua Electric

Surging prices for coal last year have led to some new coal mines ramping up after the war in Ukraine exacerbated a supply shortage brought on by growing reluctance from climate conscious investors to funding new fossil fuel projects. In March it had said it expected to restart in the second half of 2023.

Coal 40
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Rhodium Group estimates US GHG emissions rose 1.3% in 2022

Green Car Congress

Despite efforts to continue stimulating the US economy in the wake of the pandemic, high inflation put a damper on economic growth, which was exacerbated by a spike in oil prices as a result of Russia’s invasion of Ukraine. Consequently, the US economy grew 1.9% in 2022, down from a 5.7% GDP increase in 2021.

Emissions 273
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Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

Green Car Congress

Growth in oil use, particularly aviation, and coal use are behind most of the increase in 2022. CO 2 emissions from coal use are expected to grow 1.0% [0.2% While the data indicates that coal use has plateaued in the last 10 years, there remains considerable uncertainty on when it will start to decline. increase in 2021.

Global 221
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BNEF: cost of new renewables rises as inflation starts to bite

Green Car Congress

Despite temporary cost rises for renewables, the gap to fossil fuel power generation continues to widen due to fuel and carbon prices rising even faster. New-build onshore wind and solar projects are now around 40% lower than BNEF’s global benchmarks for new coal- and gas-fired power. More recently, labor costs started to rise.

Cost Of 210
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Our Energy crisis is self made in europe

EV Info

Here is the UK were are heading for an energy crisis with consumer’s bill about to jump by 75% as the price cap is reset closer to reality in April. While all eyes are on Ukraine and Russia, Europe’s energy woes are largely self-made, not due to outside forces. In the U.K., In the U.K.,

Europe 52