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California Gasoline Use Down 2.3%, Diesel Down 3.2% in November 2009

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in November 2009 compared to the same month in 2008, according to figures released by Betty T. January through November 2009, California gasoline consumption declined 1.4% percent in November 2009 when Californians used 1.170 billion gallons of gasoline compared to 1.198 billion gallons in November 2008. in November 2008, a 19.9%

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Opinion: Why oil prices must go up

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It may be difficult to look beyond the current pricing environment for oil, but the depletion of low-cost reserves and the increasing inability to find major new discoveries ensures a future of expensive oil. The IEA predicts that the oil industry will need to spend $850 billion annually by the 2030s to increase production.

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EIA: Price ratio of crude oil to natural gas continues to increase

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The ratio between the spot prices of crude oil and natural gas has been generally increasing since January 2009, but it has climbed rapidly in recent months, according to data from the US Energy Information Administration (EIA). The crude oil-to-natural gas spot price ratio has implications for production and consumption.

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bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

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This fall was driven mainly by oil, which accounted for almost three quarters of the net decline. Natural gas prices declined to multi-year lows; however, the share of gas in primary energy continued to rise, reaching a record high of 24.7%. World oil production fell for the first time since 2009 by 6.6 million b/d).

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

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The world’s consumption of gasoline, diesel fuel, jet fuel, heating oil, and other petroleum products reached a record high of 88.9 In 2009, Asia surpassed North America as the world’s largest petroleum-consuming region as consumption rebounded from its 2008 decline. Year-on-year changes in petroleum consumption by region. Source: EIA.

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

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The Annual Energy Outlook 2011 (AEO2011) Reference case released yesterday by the US Energy Information Administration (EIA) more than doubles the technically recoverable US shale gas resources assumed in AEO2010 and added new shale oil resources. quadrillion Btu in 2009 to 31.8 quadrillion Btu in 2009 to 18.4

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

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Lower fuel expenditures are attributable to a combination of falling retail gasoline prices and more fuel-efficient cars and trucks that reduce the number of gallons used to travel a given distance. Household gasoline costs are forecast to average $1,962 next year, assuming that EIA’s price forecast, which is highly uncertain, is realized.

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