article thumbnail

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. EIA forecasts Russia will produce 9.3 —EIA Administrator Joe DeCarolis. EIA revised its forecast because U.S.

Oil 334
article thumbnail

IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

Green Car Congress

In today’s context of the global energy crisis, skyrocketing fossil fuel prices, energy security challenges and ambitious climate commitments, I believe nuclear power has a unique opportunity to stage a comeback. The lower cost, smaller size and reduced project risks of SMRs may improve social acceptance and attract private investment.

Russia 458
article thumbnail

EIA: US ammonia prices rise in response to higher international natural gas prices; up by a factor of 6 in two years

Green Car Congress

The US price of ammonia, the primary source of nitrogen fertilizer, has risen by a factor of six in the past two years, and most of these increases have occurred since March 2021, according to the US Energy Information Administration (EIA). Although US natural gas prices also rose, they ended the 2021–22 heating season at close to $5.00/MMBtu,

Price 259
article thumbnail

Morgan Stanley warns that nickel price surge could add $1k to electric vehicle costs

Teslarati

And according to Morgan Stanley analyst Adam Jonas, the rising price of one particular material — nickel — could result in general electric vehicle prices seeing a $1,000 price increase. The post Morgan Stanley warns that nickel price surge could add $1k to electric vehicle costs appeared first on TESLARATI.

article thumbnail

GlobalData: Russian nickel sanctions would slow electric vehicle adoption

Green Car Congress

According to GlobalData’s Mining Commodity Analyzer , Russia was the third-largest producer of nickel in 2021, producing more than 200,000 tons. As nickel is used in the production of EV batteries, any sanctions placed on Russian nickel will cause EV manufacturing prices to increase further, threatening adoption and decarbonization.

article thumbnail

When Will Russia Run Out Of Oil?

Green Car Congress

Russia’s exploration activities, which were hit not only by plummeting oil prices but also by a targeted sanctions regime, suffered a double blow during this period. In 2015, only seven new hydrocarbon discoveries were made in Russia, three of them in the Baltic Sea. When will Russia run out of oil? million tons.

Russia 150
article thumbnail

Roland Berger: Russian embargo against the Western automotive industry would hit Russia harder

Green Car Congress

A decision by Russia to retaliate against sanctions imposed by the European Union and the US over Ukraine by imposing strong Russian sanctions—i.e., As Russia struggles with an ailing economy, rising inflation and a volatile currency, there’s no sign of a recovery any time soon, the consultancy said. —Uwe Kumm.

Russia 247