This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Source: Maugeri 2012.
United States M&A activity for upstream oil and gas deals set records in 2011 for both deal values and deal counts, according to PLS, Inc., a provider of information, marketing and advisory services for the oil and gas industry. We expect continued strong activity in oil and liquids-rich resource plays in 2012. —Ronyld W.
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).
Examples of emerging oil sands related technologies and trade-offs. The paper is an examination of how various choices about the scale of the life cycle analysis applied to oil sands (i.e., The source material is neither oil nor tar but bitumen, but is most generally described as an example of ultraheavy oil.”.
The world’s consumption of gasoline, diesel fuel, jet fuel, heating oil, and other petroleum products reached a record high of 88.9 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. million bbl/d and 800,000 bbl/d, respectively.
Responding to press articles saying that the collapse of the global oilprice is threatening oil and gas production in the off-shore Brazil pre-salt layer, Petrobras countered that it is expanding its production capacity “in an economically viable manner.”
The True Cause of Recessions: OIL. I was asked to speak about the economic impact of our oil dependency and so I began researching this topic to see if I could draw some insightful conclusions. All of the recessions listed above were caused by oil except the early 2000 recession that was caused by September 11th, 2001.
Coal accounted for 45% of total energy-related CO 2 emissions in 2011, followed by oil (35%) and natural gas (20%). US emissions have now fallen by 430 Mt (7.7%) since 2006, the largest reduction of all countries or regions. Global CO 2 emissions from fossil-fuel combustion reached a record high of 31.6 Gt on 2010, or 3.2%.
The California LCFS calls for at least a 10% reduction from 2006 levels in the carbon intensity (measured in gCO 2 e/MJ) of California’s transportation fuels by 2020. It will protect us from volatile oilprices and provide consumers with cleaner fuels and provide the nation with greater energy security.
AEO2013 offers a number of other key findings, including: Crude oil production , especially from tight oil plays, rises sharply over the next decade. Domestic oil production will rise to 7.5 Biofuels grow at a slower rate due to lower crude oilprices and. Overall findings. Biomass and biofuels growth is slower.
The horizontal red lines show the comparable price of gasoline (before tax, refining margin 0.3 $/gal, exchange rate: 1 € = 1.326 $) with crude oilprices 100 $/bbl and 150 $/bbl. This Ultra-Clean Gas (UCG) process has been at the focus of VTT’s biomass gasification R&D since 2006. Source: VTT. 0.7 €/liter (app.
World production of fossil fuels—oil, coal, and natural gas—increased 2.9% million tons of oil equivalent (Mtoe) per day, according to a Worldwatch Institute analysis. Energy prices reflected this shift: oil peaked at $144 per barrel in July, then fell to $34 per barrel in December. Oil production reached 10.7
A commercially viable OCM process—which has been sought for some 30 years— would decouple the production of mainstream chemicals and fuels from crude oil and its current price instabilities, along with reducing energy consumed for processing. Today this molecule is made from oil, by a process known as steam cracking.
The reduction of 6 billion cubic feet (Bcf) was the first summertime drawdown since 2006. Natural gas spot prices shot up following the data release on August 4, although they fell back again shortly after. Natural gas consumption patterns are much more seasonal than for oil.
The Road to Independence Sunday, July 2, 2006 PATRICK MAZZA AND RICH FELDMAN Guest Columnist An economic earthquake is poised to shake the globe. By preparing now for a future of scarce world oil supplies, we can build an economy with a more resilient foundation for jobs and prosperity. A flex fuel plug-in car could be nearly oil free.
Ford May Build a Plug-In Hybrid May 11, 2006 Ford Motor Co. Ford Chairman and CEO Bill Ford told shareholders at the automaker's annual meeting that the automotive market is shifting rapidly because of higher oilprices and the company is trying to respond. producer of hybrid cars.
The price of a gallon of gasoline is surging, putting a strain on drivers’ pocketbooks. While prices at the pump seem extreme, we’ve been here before. Adjusted for inflation, gas prices were similarly high in 2006, 2008, and for a while after 2011.
“A lot of Americans really want to stop using imported oil,&# he says. “By the time the electric car comes on line in 2012, the economy in California will be in a better place,&# says Driebe, the 2006 chairman of the Nissan Dealer Advisory Board. Pricing isn’t set. Oil vs. electrons.
World carbon dioxide emissions are projected to rise from 29billion metric tons in 2006 to 33.1billion metric tons in 2015 and 40.4billion tons in 2030 - that’s an increase of 39 per cent from 2006 onwards. Oilprices are expected to rise and may even hit $130 a barrel by 2030. per cent per year.
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.
Editorial Trying to Find the Road Ahead Published: January 24, 2006 W ith its bonds downgraded to junk and its market share on the ropes, Detroit's auto industry almost looks to be in a free fall. With the global oil market operating at close to zero excess capacity, oilprices are not coming down anytime soon.
2006), and you’ll learn that those once-dead electric vehicles (EVs) are now exacting a shocking revenge. 2006), and you’ll learn that those once-dead electric vehicles (EVs) are now exacting a shocking revenge. But now, gas prices have fallen below $2 in some places. What happens to an electric car deferred?
Just under one-quarter of Americans (24%) say US oil and natural gas industry profits have had the greatest influence on rising gasoline prices while 22% believe it is the world crude oilprices and 21% believe it’s due to instability in oil producing areas.
Millions of EVs and PHEVs would expand the sale of electricity as an alternative to oil. No more Big OIL - think of the extra money stimulating the economy! Let the Interstate trucks and farm equipment stay on oil until the residential is done and slowly begin to move them as their fleets age out. Then we are done! Email Neal.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content