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The War in Ukraine Disrupts Trade in Both Food and Fuel

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Russia ranks second in the extraction of both crude oil (behind the United States and ahead of Saudi Arabia) and natural gas (behind the United States and ahead of Iran), and it is the sixth-largest producer of coal (behind Australia and ahead of South Africa). Here are the basic facts.

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Celanese sees new TCX ethanol process as key component in future growth; a paradigm shift in ethanol production

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Synergies with the acetyl business include shared customers, raw materials and the supply chain. In the presentation to investors, Celanese executives said that TCX enables the company to produce ethanol at the equivalent of gasoline produced with $60 per barrel crude oil (around $1.50/gallon). Earlier post.). Source: Celanese.

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Study recommends $10B/year US federal investment in energy RD&D and a substantial price on carbon emissions; leveraging the national labs and encouraging the private sector for a clean energy future

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The study— Transforming US Energy Innovation —also found that it is very unlikely that the goal of reducing carbon dioxide emissions by 83% below 2005 levels by 2050 can be met without both the increased ERD3 investments and policies that price carbon emissions. billion, a 92% increase over the FY 2009 appropriations.

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Bank of America: Oil Demand Growth to Hit Zero Within a Decade, EVs the Culprit

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By 2030, oil demand could hit a peak and then enter decline, according to a new report. For the next decade or so, oil demand should continue to grow, although at a slower and slower rate. According to Bank of America Merrill Lynch, the annual increase in global oil consumption slows dramatically in the years ahead.

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Strong Dollar Could Cap Oil Prices

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dollar poses an obstacle to further gains in oil prices. As Reuters points out , in dollar terms the price of Brent oil has climbed 9 percent this year, but in yuan terms oil is now nearly 14 percent more expensive. The problem for many emerging markets is that oil prices have been going up at the same time.