article thumbnail

ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

Green Car Congress

This slower growth is attributed to the relatively higher cost of the vehicles, driven by the cost of batteries. China will see the largest increase—more than 4 million oil-equivalent barrels per day. The outlook projects that oil and natural gas will continue to meet about 60% of energy needs by 2040. Natural gas.

Oil-Sands 309
article thumbnail

Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

Green Car Congress

Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Data: California DOGGR. Click to enlarge. Source: Chevron. Click to enlarge.

Chevron 244
article thumbnail

Smith School lifecycle study highlights importance for algae-derived biodiesel of co-product utilization and optimizing and decarbonizing every step of the supply chain

Green Car Congress

Only if all these factors are taken into account is the cost of heat and electricity reduced and GHG emissions fully mitigated, they suggested. They estimated a yield of 851 GJ/ha/year biodiesel and coproducts in the form of oilcake (689 GJ/ha/year) and glycerol (89 GJ/ha/year), based on the assumption of an initial 30% oil content (22.5

Oil-Sands 236
article thumbnail

ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

Green Car Congress

Across OECD nations, the Outlook assumes the implied cost of policies to reduce greenhouse gas emissions will reach about $80 per tonne in 2040. Wind, solar and biofuels are expected to be the fastest-growing energy sources, increasing about 6% a year on average through 2040, when they will be approaching 4% of global energy demand.

Energy 252
article thumbnail

National Academies Report Examines Hidden Cost of Energy Production and Use in US; Estimates $120B in 2005

Green Car Congress

Source: “Hidden Costs of Energy”. Source: “Hidden Costs of Energy”. The committee also separately derived a range of values for damages from climate change; the wide range of possibilities for these damages made it impossible to develop precise estimates of cost. Damages are expressed in cents per VMT (2007 USD).

2005 246
article thumbnail

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

Solar, Wind and Biofuels Grew 53 Percent in 2008 Green Education = Environmental Religion? Individuals and businesses lose months and connect fees when they add solar and other forms of renewable energy to the grid. Millions of EVs and PHEVs would expand the sale of electricity as an alternative to oil. Then we are done!

Grid 28
article thumbnail

MIT study cautions smaller nations on rushing to develop their natural gas resources; Cyprus as model

Green Car Congress

While natural gas is often cheaper than oil and gives off fewer emissions, developing the resource comes with risks, especially for smaller nations. The cost for these smaller nations makes up a larger portion of their economies, so before spending the money, they need to have the proper expectations.

Cyprus 261