Remove Oil Prices Remove South America Remove Supplies
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IHS Markit: US poised to be world’s largest LNG exporter in 2022 as China becomes top LNG importer

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The United States was the largest source of LNG supply growth in 2021, adding 25 million metric tons (MMt) amid continued buildup of liquefaction capacity as well as the ramping up of output from plants turned down the previous year. Total loaded LNG supply in 2021 reached 396.3 IHS Markit’s headline 2021 LNG trade numbers.

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EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

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Most of China’s methanol supply is from domestic production. Smaller amounts of China’s methanol supply are imported from the Middle East, Southeast Asia, South America, and the United States. Blending methanol with gasoline allows refiners to extend China’s gasoline supply and increase the octane level of its gasoline.

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

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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.

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

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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. —“Renewable Power Generation Costs in 2014”.

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