article thumbnail

$10-Trillion Investment Needed To Avoid Massive Oil Price Spike Says OPEC

Green Car Congress

The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. On the one hand, OPEC does not see oil prices returning to triple-digit territory within the next 25 years, a strikingly bearish conclusion.

article thumbnail

First reference installation of Opcon Waste Heat Recovery technology for ships; potential for 5–10% fuel savings

Green Car Congress

Opcon, in collaboration with Wallenius Marine, recently completed the first reference installation of its Waste Heat Recovery technology for ocean-going vessels in a project supported by the Swedish Energy Agency. The Opcon systems generate electricity from low-value waste heat in the vessel’s steam and cooling system. Earlier post.)

Waste 300
article thumbnail

EIA projects increases in global energy consumption and emissions through 2050

Green Car Congress

According to the IEO2021 Reference case, which projects future energy trends based on current laws and regulations, renewable energy consumption has the strongest growth among energy sources through 2050. EIA projects electricity generation to almost double in developing non-OECD countries by 2050.

Global 259
article thumbnail

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

The US Energy Information Administration released its Annual Energy Outlook 2013 (AEO2013) Reference case (the Early Release ), which highlights a growth in total US energy production that exceeds growth in total US energy consumption through 2040. million FFV sales in the AEO2012 Reference case. Increased sales for hybrids and PHEVs.

Fuel 225
article thumbnail

IEE forecasts electric-drive LDVs could constitute between 2 to 12% of US vehicle stock by 2035

Green Car Congress

Under its most conservative of scenarios, more than 5 million light-duty electric-drive vehicles will be on the road in the US by 2035, according to a new forecast by IEE , an institue of the Edison Foundation. IEE developed three general scenarios for electric transportation: low, medium, and high. Click to enlarge.

article thumbnail

EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

Green Car Congress

The US Energy Information Administration (EIA) released its Reference case projections for US energy markets through 2035. The Reference case projections include only the effects of policies that have been implemented in law or final regulations. Over the next 10 years, continued development of tight oil (e.g., Source: EIA.

Oil 210
article thumbnail

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

Green Car Congress

The Annual Energy Outlook 2015 (AEO2015) released today by the US Energy Information Administration (EIA) projects that US energy imports and exports will come into balance—a first since the 1950s—because of continued oil and natural gas production growth and slow growth in energy demand. Tcf in the High Oil and Gas Resource case.

2020 150