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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 gas expands over an expander, which drives a generator to produce electricity. The MV Figaro. Click to enlarge.
World petroleum and other liquid fuels consumption will increase 38% by 2040, spurred by increased demand in the developing Asia and Middle East, according to the Reference Case projections in International Energy Outlook 2014 ( IEO2014 ), released by the US Energy Information Administration (EIA). oil sands, either diluted or upgraded).
These cases include: The Reference case, which serves as a baseline, or benchmark, case. It also assumes the Brent crude oilprice reaches $101 per barrel (b) (in 2022 dollars) by 2050. The High OilPrice case, which assumes the price of Brent crude oil reaches $190/b (in 2022 dollars) by 2050.
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.
EIA’s AEO2012 projects a continued decline in US imports of liquid fuels due to increased production of gas liquids and biofuels and greater fuel efficiency. The US Energy Information Administration (EIA) released its Reference case projections for US energy markets through 2035. Source: EIA. Click to enlarge. Click to enlarge.
Worldwide energy consumption will grow by 53% between 2008 and 2035 with much of the increase driven by strong economic growth in the developing nations, especially China and India, according to the reference case in the newly released International Energy Outlook 2011 (IEO2011) from the US Energy Information Administration (EIA).
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 oilprice in real 2011 dollars reaches $106 per barrel in 2020 and $163 per barrel in 2040, according to IEO2013.
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.
Lest we be too quick to forget whence we came, America is now 9-months into lower gasoline prices, which started their swoon the week of June 30, 2015 from a lofty national average just under $3.70, tumbling almost every subsequent week before bottoming and bouncing from $2.02 quota, with oil already allocated away from the U.S.,
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.
LDV energy consumption declines in AEO2014 Reference case from 16.0 quadrillion Btu in 2040 in the AEO2013 Reference case. The rising fuel economy of LDVs more than offsets the modest growth in VMT, resulting in a 25% decline in LDV energy consumption decline between 2012 and 2040 in the AEO2014 Reference case. Source: EIA.
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. Oil and natural gas production will continue to grow, mainly to support increasing energy consumption in developing Asian economies.
In their analysis, the authors examined the effect of 5 factors on EDV deployment: crude oil and natural gasprices; a federal CO 2 policy; a federal renewable portfolio standard (RPS); and EDV battery cost. No EDV deployment occurs with high battery costs, low oilprices, and no CO 2 policy.
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.
World marketed energy consumption is projected to grow by 44% between 2006 and 2030, driven by strong long-term economic growth in the developing nations of the world, according to the reference case projection from the International Energy Outlook 2009 ( IEO2009 ) released today by the US Energy Information Administration (EIA).
Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oilprices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices.
million barrels per day over the last five years, IHS Markit says in the new report from its oil markets and research team. Current global total liquids oil demand growth is at similar levels to what was recorded during the 2003 to 2007 commodity super-cycle, referred to as the “golden age” of refining. —Spencer Welch.
There have been 5 recession since then until now and I wanted to see if Oil had anything to do with them, because deep in my heart, I knew the most recent recession was directly caused by the oilprice spikes that started in 2007 and peaked in 2008. OPEC quadrupled the price of oil and the US quickly fell into recession.
The production costs for most chemicals via microbial fermentation are currently high compared to oil-derived products primarily because of operating costs associated with feedstock and feedstock processing. They can take carbon dioxide and hydrogen gas and turn them into chemicals such as acetone, butanol or ethanol. Jones, Alan G.
pre- and post- decarbonization of the electric power sector—to which he referred as pre-CCS and post-CCS, respectively (although decarbonization was not necessarily via CCS—carbon capture and storage).) natural gas, nuclear energy, renewable energy, etc.).In Kreutz used what he called a bifurcated climate regime—i.e.,
“NEB and GNWT study finds 200 billion barrels of oil in the Sahtu,” gushed CBC News , referring to a region of the sprawling territory that cuts across three provinces and touches the Arctic Ocean. ConocoPhillips and Husky have both suspended exploration in the play, scared off by the oilprice rout. But with U.S.
It’s a robust technology, but you have to pay the oilprice, and if you have to burn an awful lot of heat in order to enable that endothermic chemistry, if you were to care about the energy footprint of this, it’s the three pounds of CO 2 produced to make one pound of polyethylene. ” —Alex Tkachenko.
All reference car configurations except the diesel use gasoline engines, because the. They assumed an oilprice of US$80/bbl, close to the short-term. GHG emissions from electric driving depend most on the fuel type (coal or natural gas) used. using natural gas, emitting 35-77 gCO 2 2 eq/km. We therefore.
The study developed a realistic reference case for potential GHG emission reductions under the current regulatory framework with predicted market improvements. For the reference case, the model assumed extension of the existing legislation to 2030. can be removed. Methodology.
As one example of factors contributing to that decision, a survey of projected oilprices returned values between $30 and $250 a barrel, he said.). Referring to the PHEV/EV market, Anderman said: Lithium-ion is the preferred battery for a problematic market. Data: Tom Cackette, ARB. Click to enlarge.
Compared to the reference case, in which gasoline vehicles (ICEVs) remain dominant through 2050 (BAU), OPT results in 16% and 36% reductions in LDV greenhouse gas (GHG) emissions for 2030 and 2050, respectively, corresponding to 5% and 9% reductions in economy-wide emissions.
Americans still love their air-polluting and smog-producing gas guzzlers. Most people do know and feel that if we drive electric cars we could reduce the consumption of oil and could reduce pollution. Reference – [link]. It is seen only one third is taking step to buy at any point of time.
As we work towards energy independence, using more homegrown biofuels reduces our vulnerability to oilprice spikes that everyone feels at the pump,” EPA Administrator Lisa P. For the first time, some renewable fuels must achieve greenhouse gas emission reductions compared to the gasoline and diesel fuels they displace.
REDDIT STUMBLE UPON MYSPACE MIXX IT Paste this link into your favorite RSS desktop reader See all CNNMoney.com RSS FEEDS ( close ) By Andy Grove April 17, 2009: 9:30 AM ET The great electric car race High oilprices, green regs, and better batteries are behind the mad dash to create the ultimate electric automobile. rivals in the dust.
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.
The oilprice 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.
After all, it takes someone who refers to his Prius as “the gas guzzler&# and his Culver City, Calif., After all, it takes someone who refers to his Prius as “the gas guzzler&# and his Culver City, Calif., I also have a gas-guzzler for when I want to go up to San Francisco or drive up to Colorado.
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