Green Car Congress
JANUARY 11, 2023
EIA expects crude oil prices to decrease through 2023 and 2024, even as petroleum consumption increases, largely because growth in crude oil production in the United States and abroad will continue to increase over the next two years. Areas of uncertainty include Russian oil supply and OPEC production. per gallon in 2024.
Green Car Congress
DECEMBER 22, 2014
The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60
Green Car Congress
JULY 12, 2021
Both primary energy consumption and carbon emissions from energy use fell at their fastest rate seen since the Second World War, while renewable energy continued its trajectory of strong growth, with wind and solar power recording their largest ever annual increase. The oil price (Dated Brent) averaged $41.84/bbl
Green Car Congress
OCTOBER 7, 2021
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.
Green Car Congress
MARCH 5, 2015
Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face of both history and common sense. The question we should be asking ourselves is not if oil prices will recover, but when they will. Right now they say that that is not on the cards, and why would they cut back?
Green Car Congress
JANUARY 17, 2015
The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Solar PV module prices have dropped 75% since 2009 and continue to decrease.
Green Car Congress
JUNE 13, 2012
The “Arab Spring” affected oil and gas supplies—most notably the complete, albeit temporary, loss of Libyan supply—while the tragic Fukushima accident in Japan had knock-on effects for nuclear and other energy sources around the world. The fossil fuel mix continues to change with oil, the world’s leading fuel at 33.1%
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