2005, Economy and Oil Prices

Rhodium Group estimates US GHG emissions rose 1.3% in 2022

Green Car Congress

JANUARY 11, 2023

Despite efforts to continue stimulating the US economy in the wake of the pandemic, high inflation put a damper on economic growth, which was exacerbated by a spike in oil prices as a result of Russia’s invasion of Ukraine. Consequently, the US economy grew 1.9% below 2005 levels. in 2022, down from a 5.7%

Emissions

Emissions Oil Prices 2005 Coal

EIA: US household gasoline expenditures in 2015 tracking to be lowest in 11 years

Green Car Congress

DECEMBER 17, 2014

Gasoline prices are forecast to go even lower in 2015. Gasoline prices are falling because of lower crude oil prices, which account for about two-thirds of the price US drivers pay for a gallon of gasoline. miles per gallon (mpg) for model-year (MY) 2005 cars to almost 28 mpg for MY2014, an increase of about 21%.

2015

2015 Gasoline Fuel Economy MPG

BP Energy Outlook 2030 sees emerging economies leading energy growth to 2030; global CO2 emissions from energy well above IEA 450 scenario

Green Car Congress

JANUARY 19, 2011

World energy growth over the next twenty years is expected to be dominated by emerging economies such as China, India, Russia and Brazil while improvements in energy efficiency measures are set to accelerate, according to BP’s latest projection of energy trends, the BP Energy Outlook 2030. Click to enlarge. Coal will increase by 1.2%

Energy

Energy Economy Global Oil-Sands

EIA: world petroleum use sets record high in 2012 despite declines in North America and Europe

Green Car Congress

AUGUST 27, 2013

The rapidly industrializing economies of China and India fueled much of Asia’s demand increase, growing 2.8 If China’s use of petroleum continues to grow as projected, it is expected to replace the United States as the world’s largest net oil importer this fall. Between 2008 and 2012, Asia’s consumption increased by 4.4 million bbl/d.

North America

North America 2012 America Europe

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

Green Car Congress

APRIL 14, 2015

AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. trillion cubic feet (Tcf) in the Low Oil Price case to 13.1

2020

2020 Energy Transportation Oil Prices

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

Green Car Congress

DECEMBER 5, 2012

new appliance standards and CAFE) and changes in the way energy is used in the US economy. quadrillion Btu in 2035, as a result of fuel economy improvements achieved through stock turnover as older, less efficient vehicles are replaced by newer, more fuel-efficient vehicles. million, or less than one-half the 2.9 than in AEO2012.

Fuel

Fuel Energy Sale 2013

Worldwatch Institute report finds global energy intensity increased in 2010 for second year in a row

Green Car Congress

SEPTEMBER 20, 2011

Particularly during the surge of what was called the “knowledge-based economy” from 1991 to 2000, global economic productivity increased without parallel increases in energy use. In addition to technological advances, price developments play a key role in determining overall energy usage, Worldwatch notes.

2010

2010 Global Energy 2008

The Real Reason for USA based Economic Recessions.

DIY Electric Car

NOVEMBER 28, 2010

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 oil price spikes that started in 2007 and peaked in 2008. The economy was slowed by their actions but it didn?t t stop the economy.

USA

USA Oil Prices Oil 2007

BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

Green Car Congress

JUNE 13, 2012

Emerging economies accounted for all of the net growth, with OECD demand falling for the third time in the last four years, led by a sharp decline in Japan. in the emerging economies. Brent oil prices were on average 40% higher than 2010 and exceeded $100 a barrel for the first time ever; at $111.26/bbl,

Coal

Coal Oil Renewable Saudi Arabia

EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

DECEMBER 16, 2013

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. After 2017, the Brent spot oil price increases, reaching $141/bbl in 2040 due to growing demand that requires the development of more costly resources.

Oil

Oil Light Energy Vehicles

EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

Green Car Congress

JANUARY 23, 2012

Total US energy-related CO 2 emissions remain below their 2005 level through 2035. They are more than 7% below their 2005 level in 2020 and do not return to the 2005 level of 5,996 million metric tons by the end of the projection period. World liquids consumption grows from 87.1 million barrels per day in 2010 to 109.7

Oil

Oil 2005 Production 2010

Study: Kerry-Lieberman Bill Would Cut US Oil Imports By Up to 40% Below Current Levels

Green Car Congress

MAY 21, 2010

A new study by the Peterson Institute for International Economics concluded that the Kerry-Lieberman “American Power Act”—the energy and climate change legislation recently introduced in the Senate ( earlier post )—would reduced US oil imports by 33-40% below current levels and by 9-19% below projected business-as-usual levels by 2030.

Oil

Oil Climate Change Oil Prices 2005

EIA Energy Outlook 2011 more than doubles estimates of US shale gas resources; higher production at lower prices

Green Car Congress

DECEMBER 17, 2010

Assuming no changes in policy related to greenhouse gases, carbon dioxide emissions grow slowly, but do not again reach 2005 levels until 2027. After falling 3% in 2008 and nearly 7% in 2009, largely driven by the economic downturn, energy-related CO 2 emissions do not return to 2005 levels (5,980 million metric tons) until 2027.

Gas

Gas 2011 Price Energy

Refiners and Truckers Associations Challenge California LCFS in Federal Court

Green Car Congress

FEBRUARY 3, 2010

The LCFS violates the Supremacy clause, according to the complaint, because it conflicts with the Energy Policy Act of 2005 (EPAct 2005), Pub. It will protect us from volatile oil prices and provide consumers with cleaner fuels and provide the nation with greater energy security. 109-58, 119 Stat. 110-140, 121 Stat.

California

California Oil-Sands Oil 2005

Roland Berger study outlines integrated vehicle and fuels roadmap for further abating transport GHG emissions 2030+ at lowest societal cost

Green Car Congress

APRIL 30, 2016

Among the key findings of the study were: Maintaining the existing vehicle efficiency and fuels regulations to 2030 will lower tank-to-wheel GHG emissions from road transport to 647 Mt representing a 29% reduction compared to 2005 levels, achieving almost aspired level for 2030.

Emissions

Emissions Transportation Fuel Vehicles

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

Green Car Congress

AUGUST 30, 2009

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.

Transportation

Transportation Fuel Renewable Gasoline-Electric

KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

Green Car Congress

FEBRUARY 15, 2012

Deforestation: Wood products contributed $100 billion per year to the global economy from 2003 to 2007 and the value of non-wood forest products, mostly food, was estimated at about US$18.5 billion in 2005. Yet the OECD projects that forest areas will decline globally by 13% from 2005 to 2030, mostly in South Asia and Africa.

Climate Change

Climate Change Water Climate Global

NETL Report Concludes CTL Plus Carbon Capture Results in Fuel with 5-12% Less Lifecycle GHG Than Petroleum Diesel; Modest Biomass Additions Lower GHG Further

Green Car Congress

FEBRUARY 7, 2009

Lifecycle GHG emissions of CTL/CBTL/BTL compared to 2005 petroleum diesel baseline. Background colors of the cells represent the crude oil price required for economic feasibility. Tarka et al. 2009) Click to enlarge. Diesel produced in a biomass only—i.e.

Carbon

Carbon Diesel Fuel Coal

Annual Increase in Global CO2 Emissions Halved in 2008; Decrease in Fossil Oil Consumption, Increase in Renewables Share

Green Car Congress

JUNE 26, 2009

In addition to high oil prices and the financial crisis, the increased use of new renewable energy sources, such as biofuels for road transport and wind energy for electricity generation, had a noticeable and mitigating impact on CO 2 emissions. Global CO 2 emissions from fuel use and cement production by region. Source: PBL.

2008

2008 Oil Renewable Emissions

Demand for oil ‘passed its peak’

Green Cars News

OCTOBER 15, 2009

Industry analysts reckon oil demand in developed countries likely reached its all-time peak in 2005. The fact is that OECD oil demand has been falling since late 2005, well before the Great Recession began.”. million bpd of demand lost over the course of 2005 to 2009.

Oil

Oil 2005 Alternative Fuels Transportation

The Game-Changing Water Revolution: Interview with Stanley Weiner

Green Car Congress

APRIL 15, 2015

Water is behind every single sector of our economy and our way of life. It’s more valuable than oil because at the end of the day, there is no oil without water. For 2005, most of the fresh-surface-water withdrawals—about 41%—were used in the thermo-electric power industry to cool electricity-generating equipment.

Water

Water Oil Texas Gas

National Low Carbon Fuel Standard study releases major Technical Analysis and Policy Design reports; providing a scientific basis for policy decisions

Green Car Congress

JULY 19, 2012

Very broadly, they found that an LCFS would buffer the economy against global oil price spikes, trim demand for petroleum, and lessen upward pressure on gas prices. gCO 2 e/MJ for diesel over the period 2005–2035. The CIs of gasoline and diesel are expected to increase from 93.1

Carbon

Carbon Oil-Sands Standards Design

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

APRIL 16, 2009

CDM Baby, CDM Ruminations on Vegas and NASCAR California Dreamin' ► February (16) Car Sharing and Saving in a Tough Economy Throwing down the gauntlet to Secretary Clinton Weather Does Not Equal Climate The Hub Lab Seeks Revolutionary New Energy Science. No more Big OIL - think of the extra money stimulating the economy!

Grid

Grid Electric Vehicles Vehicles Oil-Sands

EV Driven

Rhodium Group estimates US GHG emissions rose 1.3% in 2022

EIA: US household gasoline expenditures in 2015 tracking to be lowest in 11 years

BP Energy Outlook 2030 sees emerging economies leading energy growth to 2030; global CO2 emissions from energy well above IEA 450 scenario

EIA: world petroleum use sets record high in 2012 despite declines in North America and Europe

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

Worldwatch Institute report finds global energy intensity increased in 2010 for second year in a row

The Real Reason for USA based Economic Recessions.

BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

Study: Kerry-Lieberman Bill Would Cut US Oil Imports By Up to 40% Below Current Levels

EIA Energy Outlook 2011 more than doubles estimates of US shale gas resources; higher production at lower prices

Refiners and Truckers Associations Challenge California LCFS in Federal Court

Roland Berger study outlines integrated vehicle and fuels roadmap for further abating transport GHG emissions 2030+ at lowest societal cost

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

KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

NETL Report Concludes CTL Plus Carbon Capture Results in Fuel with 5-12% Less Lifecycle GHG Than Petroleum Diesel; Modest Biomass Additions Lower GHG Further

Annual Increase in Global CO2 Emissions Halved in 2008; Decrease in Fossil Oil Consumption, Increase in Renewables Share

Demand for oil ‘passed its peak’

The Game-Changing Water Revolution: Interview with Stanley Weiner

National Low Carbon Fuel Standard study releases major Technical Analysis and Policy Design reports; providing a scientific basis for policy decisions

Cleantech Blog: Smart Grids and Electric Vehicles

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