Remove Gas Remove MIT Remove Oil Remove Oil Prices
article thumbnail

MIT/UC Davis professors challenge claims that ethanol production decreased gasoline prices in 2010 and 2011

Green Car Congress

Knittel/Smith results for implied gasoline price effects from elimination of ethanol for 2010 using Du/Hayes model and pooled-sample estimates. t margin for oil refiners. Christopher Knittel at MIT and Assoc. We encourage similar skepticism about the estimated effect of ethanol on gasoline prices generated from these models.

Davis 334
article thumbnail

ExxonMobil seeking to boost growth, continue work on lower-emissions technologies including biofuels and carbon capture

Green Car Congress

ExxonMobil expects to increase annual earnings potential by more than 140% and double potential annual cash flow from operations by 2025 from 2017 adjusted earnings, assuming a 2017 oil price of $60 per barrel adjusted for inflation and based on 2017 margins. billion barrels of discovered recoverable resource.

article thumbnail

MIT/RAND Study Concludes Three Types of Alternative Jet Fuel May Be Available in Commercial Quantities Over the Next Decade

Green Car Congress

The five different fuel groups were those derived: from conventional petroleum; from unconventional petroleum; synthetically from natural gas, coal, or combinations of coal and biomass via the FT process; renewable oils; and alcohols. From Hileman et al. Click to enlarge. million bpd. Reduced GHG impact.

MIT 250
article thumbnail

MITEI releases report on Electrification of the Transportation System

Green Car Congress

The MIT Energy Initiative (MITEI) has released a report on the proceedings—and papers that informed those proceedings—of the 8 April 2010 symposium on The Electrification of the Transportation System: Issues and Opportunities. The symposium was sponsored by the MIT Energy Initiative, together with Ormat, Hess, Cummins and Entergy.

article thumbnail

Study concludes significant additional transport policy interventions will be required for Europe to meet its GHG reduction goal

Green Car Congress

Without significant additional policy interventions to induce market penetration of breakthrough passenger car and aircraft technologies, the overall European (EU27) greenhouse gas (GHG) emissions reduction goals for 2050 will be difficult to meet, according to a new study by researchers from the University of Cambridge, Stanford University and MIT.

article thumbnail

Startup Siluria Technologies developing novel bio-templated catalysts for economic direct conversion of methane to ethylene; potential for transportation fuels

Green Car Congress

A commercially viable OCM process—which has been sought for some 30 years— would decouple the production of mainstream chemicals and fuels from crude oil and its current price instabilities, along with reducing energy consumed for processing. Today this molecule is made from oil, by a process known as steam cracking.