Cost Of, Oil, Oil Prices and Solar

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

Advanced biofuels, concentrated solar power (CSP), and solar photovoltaic power (PV) will see accelerating adoption and growth and are on track to change the global energy mix far earlier than is often assumed, according to a new report from The Boston Consulting Group (BCG). Click to enlarge. Click to enlarge. BCG, November 2010).

Solar

Solar Boston Consulting Group Power Powered

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. Their analysis is published in the journal Biomass Conversion and Biorefinery.

Oil Prices

Oil Prices Tax Coal Hydrogen

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 on 22 March.

2019

2019 Fuel Coal 2020

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

Green Car Congress

JUNE 23, 2011

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

Chevron Oil Oil-Sands Production

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

Green Car Congress

JANUARY 17, 2015

The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Real weighted average cost of capital is 7.5% Source: IRENA.

Renewable

Renewable Parts Power Powered

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

Green Car Congress

DECEMBER 5, 2012

AEO2013 offers a number of other key findings, including: Crude oil production , especially from tight oil plays, rises sharply over the next decade. Domestic oil production will rise to 7.5 Biofuels grow at a slower rate due to lower crude oil prices and. Overall findings. Biomass and biofuels growth is slower.

Fuel

Fuel Energy Sale 2013

Michigan Energy and Advanced Automotive Research Lined Up for $99.5M in Funding from FY2010 Defense Appropriations Bill

Green Car Congress

SEPTEMBER 21, 2009

This project seeks to develop technologies necessary to lower the cost of roof top solar electric systems to reach grid parity. The goal is to generate solar electricity at a cost comparable to that obtained by the burning of fossil fuels. . $2 million for development of flexible photovoltaics. Advanced Automotive. $10

Michigan

Michigan Lithium Ion Energy Hybrid

IEA World Energy Outlook 2013 sees CO2 emissions rising by 20% to 2035; oil use on upward trend

Green Car Congress

NOVEMBER 13, 2013

China is about to become the largest oil-importing country and India becomes the largest importer of coal by the early 2020s. The Middle East becomes the world’s second-largest gas consumer by 2020 and third-largest oil consumer by 2030, redefining its role in global energy markets. Oil use grows, but in a narrowing set of markets.

Oil

Oil 2013 Energy Emissions

Study suggests that decarbonizing US transport sector by converting waste CO2 to fuels would require economical air-capture of CO2

Green Car Congress

NOVEMBER 7, 2010

Kreutz used two examples of CCTF systems in his analysis: biodiesel from microalgae and Sandia National Laboratory’s S2P process (an effort to utilize concentrated solar energy to convert waste CO 2 into synthetic fuels, earlier post ). Tom Kreutz at the Princeton Environmental Institute, Princeton University. their CO 2 (e.g. ~90%)

Transportation

Transportation Convert Waste CO2

DNV GL paper suggests near-term success for LNG in shipping; alternative fuel mix to diversify over time

Green Car Congress

JANUARY 29, 2014

DNV and GL merged in September 2013 to form DNV GL—the world’s largest ship and offshore classification society, the leading technical advisor to the global oil and gas industry, and a leading expert for the energy value chain including renewables and energy efficiency. Ship electrification and renewables.

Alternative Fuels

Alternative Fuels Fuel Gas-Electric Mariner

Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

Green Car Congress

APRIL 6, 2015

The increase reflected several influences, according to the report, including a boom in solar installations in China and Japan—totalling $74.9 Wind, solar, biomass and waste-to-power, geothermal, small hydro and marine power contributed an estimated 9.1% Investment in solar jumped 29% to $149.6 billion), India ($7.4

2014

2014 Renewable 2013 Wind

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

APRIL 16, 2009

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

Grid Electric Vehicles Vehicles Oil-Sands

Hawaii opts for EVs and renewable energy

Revenge of the Electric Car

DECEMBER 3, 2008

Once the capital costs of setting up the facility are recouped, about ten years in this case, all they have are maintenance and operational costs since the energy source is essentially free forever. The rest of Hawaii’s electricity is generated by burning oil. It’s a little bit more complex than that, but not much.

Hawaii

Hawaii Renewable Energy San Francisco

EV Driven

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

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

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

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

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

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

Michigan Energy and Advanced Automotive Research Lined Up for $99.5M in Funding from FY2010 Defense Appropriations Bill

IEA World Energy Outlook 2013 sees CO2 emissions rising by 20% to 2035; oil use on upward trend

Study suggests that decarbonizing US transport sector by converting waste CO2 to fuels would require economical air-capture of CO2

DNV GL paper suggests near-term success for LNG in shipping; alternative fuel mix to diversify over time

Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

Cleantech Blog: Smart Grids and Electric Vehicles

Hawaii opts for EVs and renewable energy

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