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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. With greater U.S.

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The New Oil Cartel Threatening OPEC

Green Car Congress

When reports emerged that India and China are in talks about forming an oil buyers’ club , OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. The reason they are likely to join in is that unlike in previous oil price cycles, now there are alternatives to fossil fuels.

Oil 170
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SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery – ET Auto

Baua Electric

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. .

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The New Oil Cartel Threatening OPEC

Green Car Congress

When reports emerged that India and China are in talks about forming an oil buyers’ club , OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. The reason they are likely to join in is that unlike in previous oil price cycles, now there are alternatives to fossil fuels.

Oil 150
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Belfer Center Brief Urges Higher, Stable Energy Prices to Achieve Long-Term Energy Policy Objectives

Green Car Congress

The brief concentrates on six topics: climate change policy, carbon capture and storage policy, oil security policy, energy-technology innovation policy, electricity market structure, and infrastructure policy. A tax has the advantages of predictability and being simple to implement quickly. Oil security policy.

Energy 150
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Baker Institute expert: crude-oil production increase a risky strategy for Saudi Arabia

Green Car Congress

Most notably, a rise in Saudi crude-oil output could trigger a damaging period of global oversupply, said Jim Krane, the Wallace S. This glut could be exacerbated by future carbon taxes and other policy restrictions on fossil fuels, he said. Further, in theory, higher oil production also shortens the time horizon to full depletion.

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Norweign Drivers switch to Electric Cars

EV Report

Above – Electric Car at Norway. There has been a steady increase in electric and hybrid cars over the last decade in the US but still only 2 percent account for new car sales in the US. Americans still love their air-polluting and smog-producing gas guzzlers. But this was removed in 1990 for electric vehicles.