Gas-Electric, Industry, Oil Prices and Production

EIA expects increased US crude oil production, with continued high petroleum prices in 2022

Green Car Congress

MAY 11, 2022

The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 million barrels per day in 2023, which would surpass the record average production of 12.3 EIA forecasts that retail sales of electricity to the industrial sector will grow by 2.8% and by 1.5% and by 1.5%

Oil

Oil Price Production Oil Prices

Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

Green Car Congress

MAY 24, 2017

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. shale production will continue to grow along with global demand. shale production will continue to grow along with global demand. oil may not be able to fill.

Oil Prices

Oil Prices Oil Saudi Arabia Price

Rhodium Group estimates US GHG emissions rose 1.3% in 2022

Green Car Congress

JANUARY 11, 2023

Despite efforts to continue stimulating the US economy in the wake of the pandemic, high inflation put a damper on economic growth, which was exacerbated by a spike in oil prices as a result of Russia’s invasion of Ukraine. Little change in transportation and industry. Consequently, the US economy grew 1.9% GDP increase in 2021.

Emissions

Emissions Oil Prices 2005 Coal

Oil Well Strippers Suffering From Low Oil Prices

Green Car Congress

DECEMBER 10, 2015

With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now appears that oil prices could remain below $50 a barrel for a year or more. billion barrels of oil and 18.8 Mcf of natural gas. by Michael McDonald of Oilprice.com.

Oil Prices

Oil Prices Oil Price 2002

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

Green Car Congress

DECEMBER 30, 2015

OPEC says that $10 trillion worth of investment will need to flow into oil and gas through 2040 in order to meet the world’s energy needs. 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.

Oil Prices

Oil Prices Oil Price Climate Change

EIA projects increases in global energy consumption and emissions through 2050

Green Car Congress

OCTOBER 7, 2021

Liquid fuels remain the largest source of energy consumption, driven largely by the industrial and transportation sectors. Renewables will be the primary source for new electricity generation, but natural gas, coal, and increasingly batteries will be used to help meet load and support grid reliability.

Global

Global Energy Emissions Asia

Baker Institute expert: crude-oil production increase a risky strategy for Saudi Arabia

Green Car Congress

SEPTEMBER 13, 2017

A number of factors are pushing Saudi Arabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy.

Saudi Arabia

Saudi Arabia Oil Production Climate

Roskill: Molybdenum demand to drop by more than 8% in 2020

Green Car Congress

SEPTEMBER 13, 2020

It is used in steel alloys to increase strength, hardness, electrical conductivity and resistance to corrosion and wear. Other uses for molybdenum include catalysts for the petroleum industry, inks for circuit boards, pigments and electrodes. In the first half of 2020, the Brent crude oil price crashed from US$67.3/bbl

2020

2020 2019 2018 Oil

EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

DECEMBER 16, 2013

Greenhouse gas (GHG) emission standards and CAFE standards increase new LDV fuel economy through model year 2025 and beyond, with more fuel-efficient new vehicles gradually replacing older vehicles on the road and raising the fuel efficiency of the LDV stock by an average of 2.0% per year, from 21.5 l/100 km) in 2012 to 37.2

Oil

Oil Light Energy Vehicles

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

Green Car Congress

APRIL 14, 2015

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. With greater U.S.

2020

2020 Energy Transportation Oil Prices

EIA: world energy consumption to grow 56% 2010-2040, CO2 up 46%; use of liquid fuels in transportation up 38%

Green Car Congress

JULY 25, 2013

Natural gas is the fastest-growing fossil fuel, as global supplies of tight gas, shale gas, and coalbed methane increase. With prices expected to increase in the long term, however, the world oil price in real 2011 dollars reaches $106 per barrel in 2020 and $163 per barrel in 2040, according to IEO2013.

2010

2010 Transportation Fuel Energy

Nikkei: popularity of fuel-efficient vehicles lowering demand for gasoline in Japan

Green Car Congress

JULY 7, 2012

The Nikkei reports that the nationwide average price in Japan for regular gasoline was ¥139.8 Prices at the pump are falling in Japan not only due to lower crude oil prices, but also because the widespread popularity of fuel-efficient vehicles has lowered demand for gasoline.A per liter ($6.65

Japan

Japan Gasoline Fuel Gasoline-Electric

Amyris renewable jet fuel receives regulatory approval in Brazil for blends up to 10%

Green Car Congress

DECEMBER 16, 2014

However, they noted, the estimation is highly uncertain, with a number of factors—especially related to electricity exports, sugar cane farming itself, and agrochemicals production and use—significantly affect the outcome. Amyris and its partners are contributing to reductions in greenhouse gas emissions with our renewable fuel.

Brazil

Brazil Renewable Fuel Oil Prices

GE and Sargas AS partner on gas-fired plants with carbon capture for enhanced oil recovery

Green Car Congress

JUNE 19, 2012

GE has concluded a commercial alliance agreement with Norway-based Sargas AS to provide a gas turbine for one of the world’s first gas-fired plants with integrated carbon capture for enhanced oil recovery (EOR). GE’s LMS100 turbine is a combination of proven frame and aero-derivative gas turbine technology.

Oil

Oil Carbon Gas Gas-Electric

Fossil Fuel Production Up in 2008 Despite Recession

Green Car Congress

OCTOBER 17, 2009

World production of fossil fuels—oil, coal, and natural gas—increased 2.9% million tons of oil equivalent (Mtoe) per day, according to a Worldwatch Institute analysis. Continuing a decade-long trend, most of the growth was in the Asia-Pacific region, where production grew 6.3%. Oil production reached 10.7

2008

2008 Oil-Sands Production Fuel

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

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. Domestic oil production will rise to 7.5 million, or less than one-half the 2.9

Fuel

Fuel Energy Sale 2013

EIA Energy Outlook 2011 more than doubles estimates of US shale gas resources; higher production at lower prices

Green Car Congress

DECEMBER 17, 2010

Shale gas offsets declines in other US supply to meet. The Annual Energy Outlook 2011 (AEO2011) Reference case released yesterday by the US Energy Information Administration (EIA) more than doubles the technically recoverable US shale gas resources assumed in AEO2010 and added new shale oil resources. Source: EIA.

Gas

Gas 2011 Price Energy

SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery – ET Auto

Baua Electric

APRIL 28, 2024

Analysts say rising oil prices benefited the company’s petrochemical business, helping to offset losses from its battery unit SK On, which has been facing weaker electric vehicle (EV) battery demand. billion won in the previous quarter due to fewer EV battery shipments. Shares in SK Innovation, which rose as much as 6.4%

Auto

Auto Batteries Battery South Korea

GE Aviation testing 100% Gevo Alcohol-to-Jet fuel

Green Car Congress

DECEMBER 13, 2017

CLEEN is the FAA’s principal environmental effort to accelerate the development of new aircraft, engine technologies, and to advance sustainable alternative jet fuels, in conjunction with aviation industry leaders such as GE Aviation. Earlier post.).

Fuel

Fuel Oil Prices Oil Emissions

Global CO2 emissions up 3% in 2011; per capita CO2 emissions in China reach EU levels

Green Car Congress

JULY 20, 2012

CO 2 per capita emissions from fossil fuel use and cement production from the top 5 emitting regions. savings stimulated by high oil prices led to a decrease of 3% in CO 2 emissions in the European Union and of 2% in both the United States and Japan. Natural gas consumption increased globally by 2.2% Click to enlarge.

2011

2011 Emissions CO2 Global

Ricardo study suggests global oil demand may peak before 2020, falling to below 2010 levels by 2035

Green Car Congress

NOVEMBER 7, 2011

Further, improved supply prospects for natural gas are likely to lead to decoupling of oil and gas markets, according to the study. The world is nearing a paradigm shift in oil demand. The predominant role of oil in the global energy mix is facing an ever greater challenge from a number of emerging trends.

Oil

Oil 2010 2020 Global

Multiple Trends Turning Slowly Against Oil, Says Rocky Mountain Institute

Green Car Reports

FEBRUARY 8, 2016

The cost of a barrel of oil is now just a fraction of what it was several years ago, and fuel prices have mostly fallen across the globe as a result. Oil prices rise and fall, but most industry analysts suggest that the emergence of North American production has loosened OPEC's ability to set prices unilaterally.

Oil

Oil Oil Prices Price Cost Of

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. —“Alternative Fuels for Shipping”.

Alternative Fuels

Alternative Fuels Fuel Gas-Electric Mariner

US EIA Projects World Energy Use to Grow 44% Between 2006 and 2030, CO2 Emissions Up by 39%

Green Car Congress

MAY 27, 2009

The IEO2009 reference case does not include specific policies to limit greenhouse gas emissions. World oil prices have fallen sharply from their July 2008 high mark. As the world’s economies recover, higher world oil prices are assumed to return and to persist through 2030. billion metric tons in 2006 to 33.1

2006

2006 Emissions Energy Oil-Sands

Study finds no alternative to widespread switching of direct fuel uses to electricity to meet 2050 California GHG targets; putting detail in climate wedges

Green Car Congress

NOVEMBER 27, 2011

Technically feasible levels of energy efficiency and decarbonized energy supply alone will not be sufficient to reduce greenhouse gas emissions 80% below 1990 levels by 2050, according to a detailed modeling of the California economy performed by a team from Energy and Environmental Economics, the Monterey. Williams et al. Click to enlarge.

Climate

Climate California Fuel Gas-Electric

AECOM study finds EV adoption in Victoria can offer significant economic benefits by late 2020s; PHEVs initially lead uptake

Green Car Congress

JULY 12, 2011

According to a recently published report commissioned by the Victoria (Australia) Department of Transport from AECOM, electric vehicle (EV) technology offers the state of Victoria potentially significant economic benefits by the late 2020s. electricity supply to provide the necessary protections from higher voltages. Source: AECOM.

PHEV

PHEV Oil Prices Australia Price

KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

Green Car Congress

FEBRUARY 15, 2012

The analysis examines how these global forces may impact business and industry; calculates the environmental costs to business; and calls for business and policymakers to work more closely to mitigate future business risk and act on opportunities. Source: KPMG. Click to enlarge.

Climate Change

Climate Change Water Climate Global

KPMG survey finds majority of energy execs see oil over $121/barrel this year; shale expected to have transformative impact, investment in alternatives increasing

Green Car Congress

MAY 12, 2011

Energy executives expect continued volatility in the price-per-barrel of oil for the remainder of the year, with 64% predicting crude prices to exceed $121 per barrel. What is exciting about these findings is that it demonstrates the industry's intent to explore all options. Offshore exploration and production.

Oil

Oil Energy Wind 2011

Syngas Engages Rentech and GE for Clinton Coal and Biomass to Liquids Project in Australia

Green Car Congress

NOVEMBER 25, 2009

Australia’s Syngas Limited has engaged Rentech to provide Fischer-Tropsch fuels production preliminary engineering services for Syngas’ proposed commercial scale coal and biomass to liquids (CBTL) fuels facility in Southern Australia, known as the Clinton Project. Gas Conditioning. Overview of CBTL process. Source: Syngas.

Coal

Coal Australia Diesel Oil Prices

Study projects emission impacts of inexpensive, efficient EVs: 36% further reduction in LDV GHG by 2050, or 9% economy-wide

Green Car Congress

JUNE 7, 2017

A new study by researchers at the University of Colorado at Boulder projects the emission impacts of the widespread introduction of inexpensive and efficient electric vehicles into the US light duty vehicle (LDV) sector. power plants and refineries) and in turn to the transportation, residential, industrial, and commercial end-use sectors.

Emissions

Emissions Economy Gasoline-Electric Coal

Annual Increase in Global CO2 Emissions Halved in 2008; Decrease in Fossil Oil Consumption, Increase in Renewables Share

Green Car Congress

JUNE 26, 2009

Global CO 2 emissions from fuel use and cement production by region. In addition to high oil prices and the financial crisis, the increased use of new renewable energy sources, such as biofuels for road transport and wind energy for electricity generation, had a noticeable and mitigating impact on CO 2 emissions.

2008

2008 Oil Renewable Emissions

IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

Green Car Congress

NOVEMBER 12, 2012

The WEO finds that the extraordinary growth in oil and natural gas output in the United States will mean a sea-change in global energy flows. In the New Policies Scenario, the WEO ’s central scenario, the United States becomes a net exporter of natural gas by 2020 and is almost self-sufficient in energy, in net terms, by 2035.

Global

Global 2012 Energy Oil

Stanford, UC Santa Cruz study explores ramifications of demand-driven peak to conventional oil

Green Car Congress

JULY 2, 2013

In contrast to arguments that peak conventional oil production is imminent due to physical resource scarcity, a team from Stanford University and UC Santa Cruz has examined the alternative possibility of reduced oil use due to improved efficiency and oil substitution. Historical scenario. (A)

Oil

Oil Oil-Sands Fuel Economy Transportation

Study Finds EVs Economically and Financially Viable in New South Wales, Australia Market Today

Green Car Congress

JANUARY 18, 2010

An AECOM-led study of plug-in electric vehicle economics for the New South Wales, Australia government concluded that electric vehicles are economically and financially viable in the NSW market today. The move towards a plug-in electric vehicle market also generates large savings in greenhouse gas and air pollution emissions.

Australia

Australia Market Plug-in Plug

Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Green Car Congress

AUGUST 30, 2009

The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil. by Brian J.

Transportation

Transportation Fuel Renewable Gasoline-Electric

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

Green Car Congress

JANUARY 17, 2015

The report, “ Renewable Power Generation Costs in 2014 ”, concludes that biomass, hydropower, geothermal and onshore wind are all competitive with or cheaper than coal, oil and gas-fired power stations, even without financial support and despite falling oil prices. Average expected production was to be 174 MW.

Renewable

Renewable Parts Power Powered

EIA projects world liquid fuels use to rise 38% by 2040, driven by growth in Asia and Middle East; transportation 92% of demand

Green Car Congress

SEPTEMBER 10, 2014

Liquid fuels production (OPEC crude and lease condensate, non-OPEC crude and lease condensate, and other) and consumption (by OECD and non-OECD regions) under three price cases in 2040. Crude and lease condensate includes tight oil, shale oil, extra-heavy crude oil, field condensate, and bitumen (i.e., Source: EIA.

Asia

Asia Transportation Oil-Sands Oil Prices

State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

Green Car Congress

MARCH 2, 2013

The DOS SEIS accordingly takes a detailed look at life-cycle greenhouse gas emissions of petroleum products from Western Canadian Sedimentary Basin (WCSB) oil sands crudes compared with reference crudes and the potential impact the pipeline might have on climate change as well as on the future development of the oils sands resource in Canada.

Climate Change

Climate Change Oil-Sands Nebraska Climate

Accenture Reports Identifies 12 Disruptive Technologies Most Likely to Transform Supply and Demand of Transport Fuels and Cut Emissions Within Next 10 Years

Green Car Congress

NOVEMBER 10, 2009

Accenture defined disruptive fuel technologies as those that: Reduce hydrocarbon fuel demand by more than 20% by 2030; Save greenhouse gas emissions (GHG) by more than 30% relative to the hydrocarbons they replace; Will be commercial in less than five years; and. Will be competitive at an oil price of $45 to $90 at their commercial date.

Transportation

Transportation Supplies Emissions Fuel

Inaugural Quadrennial Technology Review report concludes DOE is underinvested in transport; greatest efforts to go to electrification

Green Car Congress

SEPTEMBER 28, 2011

The DOE-QTR defines six key strategies: increase vehicle efficiency; electrification of the light duty fleet; deploy alternative fuels; increase building and industrial efficiency; modernize the electrical grid; and deploy clean electricity. DOE’s most significant role in transport research is here. Vehicle Electrification.

Transportation

Transportation Fuel Economy Light Fuel

Toyota Plug In

Plug In Partners

JUNE 11, 2008

Japan and Europe by 2010 , under a widespread "green" strategy outlined today.The ecological gas-electric vehicles, which can be recharged from a home electrical outlet , will target leasing customers, Toyota Motor Corp. Such plug-in hybrids can run longer as an electric vehicle than regular hybrids, and are cleaner.

Plug-in

Plug-in Toyota Plug Nickel Metal Hydride

Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

Green Car Congress

FEBRUARY 4, 2011

A new study sponsored by Indiana University concludes that President Obama’s vision of one million plug-in electric vehicles (PEVs) on US roads by 2015 will require concentrated efforts action from all stakeholders— the auto industry, federal government, the scientific community, and consumers—to be realized.

Plug-in

Plug-in 2015 Plug Recharge

Toyota digs for Lithium

Revenge of the Electric Car

JANUARY 20, 2010

From the Reuters post: “A sister company to Toyota Motor Corp secured a lithium supply deal in Argentina on Wednesday that could help the world’s largest automaker keep its lead in gasoline-electric hybrid cars. “Toyota is taking a step on its own to secure the materials it needs to ensure stable production.&#.

Toyota

Toyota Argentina Nickel Metal Hydride Lithium Ion

Andy Grove: The U.S. must create an electric car industry - Apr. 17, 2009

Tony Karrer Delicious EVdriven

APRIL 19, 2009

News | Markets | Technology | Personal Finance | Small Business | CNN.com RSS Newsletters Video Home Fortune 500 Technology Investing Management Rankings Andy Grove on battery power To wean itself from imported oil, the U.S. must create a strong electric car industry. car industry hinges on cutting-edge battery technology.

2009

2009 Industrial Industry Electric Cars

EIA expects increased US crude oil production, with continued high petroleum prices in 2022

Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

Rhodium Group estimates US GHG emissions rose 1.3% in 2022

Oil Well Strippers Suffering From Low Oil Prices

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

EIA projects increases in global energy consumption and emissions through 2050

Baker Institute expert: crude-oil production increase a risky strategy for Saudi Arabia

Roskill: Molybdenum demand to drop by more than 8% in 2020

EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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

EIA: world energy consumption to grow 56% 2010-2040, CO2 up 46%; use of liquid fuels in transportation up 38%

Nikkei: popularity of fuel-efficient vehicles lowering demand for gasoline in Japan

Amyris renewable jet fuel receives regulatory approval in Brazil for blends up to 10%

GE and Sargas AS partner on gas-fired plants with carbon capture for enhanced oil recovery

Fossil Fuel Production Up in 2008 Despite Recession

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

EIA Energy Outlook 2011 more than doubles estimates of US shale gas resources; higher production at lower prices

SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery – ET Auto

GE Aviation testing 100% Gevo Alcohol-to-Jet fuel

Global CO2 emissions up 3% in 2011; per capita CO2 emissions in China reach EU levels

Ricardo study suggests global oil demand may peak before 2020, falling to below 2010 levels by 2035

Multiple Trends Turning Slowly Against Oil, Says Rocky Mountain Institute

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

US EIA Projects World Energy Use to Grow 44% Between 2006 and 2030, CO2 Emissions Up by 39%

Study finds no alternative to widespread switching of direct fuel uses to electricity to meet 2050 California GHG targets; putting detail in climate wedges

AECOM study finds EV adoption in Victoria can offer significant economic benefits by late 2020s; PHEVs initially lead uptake

KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

KPMG survey finds majority of energy execs see oil over $121/barrel this year; shale expected to have transformative impact, investment in alternatives increasing

Syngas Engages Rentech and GE for Clinton Coal and Biomass to Liquids Project in Australia

Study projects emission impacts of inexpensive, efficient EVs: 36% further reduction in LDV GHG by 2050, or 9% economy-wide

Annual Increase in Global CO2 Emissions Halved in 2008; Decrease in Fossil Oil Consumption, Increase in Renewables Share

IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

Stanford, UC Santa Cruz study explores ramifications of demand-driven peak to conventional oil

Study Finds EVs Economically and Financially Viable in New South Wales, Australia Market Today

Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

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

EIA projects world liquid fuels use to rise 38% by 2040, driven by growth in Asia and Middle East; transportation 92% of demand

State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

Accenture Reports Identifies 12 Disruptive Technologies Most Likely to Transform Supply and Demand of Transport Fuels and Cut Emissions Within Next 10 Years

Inaugural Quadrennial Technology Review report concludes DOE is underinvested in transport; greatest efforts to go to electrification

Toyota Plug In

Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

Toyota digs for Lithium

Andy Grove: The U.S. must create an electric car industry - Apr. 17, 2009

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