article thumbnail

EIA: Energy prices rose more than other commodities in 2021; up 59% over the year

Green Car Congress

Energy prices used in the S&P Goldman Sachs Commodity Index (GSCI) ended 2021 59% higher than the first trading day of the year, according to the US Energy Information Administration (EIA). Price increases were largely driven by increased demand from the initial phase of global economic recovery from the COVID-19 pandemic.

Price 273
article thumbnail

The $32-Trillion Push To Disrupt The Entire Oil Industry

Green Car Congress

Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. by Cyril Widdershoven for Oilprice.com.

Oil 231
article thumbnail

Diesel and gasoline prices drop in early 2020, but diesel drops substantially less

Green Car Congress

Although both diesel and gasoline are made from oil, the trends in their prices do not always go in parallel. This brief note analyzes the changes in the prices of diesel and gasoline during the first 17 weeks of 2020, and compares them with the changes during the first 17 weeks of 2019. by Michael Sivak, Sivak Applied Research.

Diesel 170
article thumbnail

Tsinghua researchers conclude surging lithium price will not impede EV boom

Green Car Congress

Although the current 10-fold price spike of lithium is giving the electric vehicle market a sharp short-term shock, a study by a team from Tsinghua University indicates that it will not hinder transportation electrification in the long run. That made the cathode price increase by 140% for LiNi 0.8 —Sun et al.

Price 199
article thumbnail

Opinion: There Is No Such Thing As Peak Oil Demand

Green Car Congress

Notwithstanding that oil demand has increased for over 150 years, it will eventually stop increasing. If oil demand were to reach an actual peak, then the top might be easier to predict. High prices persisted long enough for the industry in the U.S. The experience of projected versus actual peak oil demand in the U.S.

Oil 250
article thumbnail

DOE researchers investigate economic and environmental impacts of converting wet waste to renewable diesel

Green Car Congress

Meanwhile, wet waste feedstocks, such as animal manure and fats, oils, and greases (FOG), represent another important category of resources that could be utilized to produce MCCI bioblendstocks due to its abundant availability. Among their findings: The estimated minimum fuel selling prices were $1.22/gasoline Skaggs et al. GLE and $0.9/GLE.

Waste 434
article thumbnail

CAPP forecasts oil sands development still drives steady Canadian oil production growth to 2030

Green Car Congress

However, the new forecast represents a slowing of future oil sands production growth compared to the predictions of last year’s forecast. According to CAPP’s 2014 Crude Oil Forecast, Markets and Transportation , total Canadian crude oil production will increase to 6.4 CAPP forecast. Click to enlarge. million barrels per day.

Oil-Sands 199