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World energy consumption by fuel type, 2010-2040. The US Energy Information Administration’s (EIA’s) International Energy Outlook 2013 (IEO2013) projects that world energy consumption will grow by 56% between 2010 and 2040, from 524 quadrillion British thermal units (Btu) to 820 quadrillion Btu. Source: IEO2013.
Global energy intensity, 1981-2010. Global energy intensity—defined as total energy consumption divided by gross world product—increased 1.35% in 2010, the second year of increases in the context of a broader trend of decline over the last 30 years, according to a new Vital Signs Online article from the Worldwatch Institute.
The impact of rising oilprices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oilprices. by David Yager for Oilprice.com.
Global demand for oil may well peak before 2020, falling back to levels significantly below 2010 demand by 2035, according to a multi-client research study conducted by Ricardo Strategic Consulting launched in June 2011 in association with Kevin J. Oil demand growth will have its limits in every country. Lindemer LLC.
The US Energy Information Administration (EIA) estimates in the April 2010 release of its Short-Term Energy and Summer Fuels Outlook that CO 2 emissions from fossil fuels, which declined by 6.6% in 2010 and 1.1% EIA projects that world oil consumption will grow by 1.5 million barrels per day (bbl/d) in 2010 and 1.6
Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face of both history and common sense. The question we should be asking ourselves is not if oilprices will recover, but when they will. We must also consider demand, and that has been increasing too.
According to the report, “ Forecast of On-Road Electric Transportation in the US (2010-2035) ”, this figure could increase to as high as 30 million EVs depending on advances in battery technology. The high electric transportation scenario combines the advanced battery scenario with high oilprices ($200/barrel in 2035).
The Nikkei reports that the nationwide average price in Japan for regular gasoline was ¥139.8 Prices at the pump are falling in Japan not only due to lower crude oilprices, but also because the widespread popularity of fuel-efficient vehicles has lowered demand for gasoline.A per liter ($6.65
Increased consumption in 2010 reflected improving economic conditions. In 2011 and 2012, higher oilprices and increased fuel efficiency of light-duty vehicles contributed to reduced US consumption.
The model begins in 2010 with 220 million LDV spark-ignition (gasoline) vehicles, 9.7 Among their findings were: RFS2 is satisfied at extreme oilprices (at least $215/barrel). This oilprice encourages biofuel use in the RFS2 timeframe, but not in the long run. million E85 flex-fuel vehicles; 1.8
Even with CCS, the liquid product costs are comparable to recent crude oilprices. For a liquids-only configuration, CCS is a cheaper option when the CO 2 price exceeds $12/tonne. GHGT-10 took place 9-23 September 2010 in RAI, Amsterdam, The Netherlands. —Mantripragada and Rubin. Mantripragada and Edward S.
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. billion in 2010. billion in 2010). billion), up from eight deals in both 2010 and 2009.
The record gasoline production in March makes it abundantly clear that supply is not an issue with the higher gasoline prices we’ve seen. Sharply higher crude oilprices are driving that, and they continue to put upward pressure on the price at the pump. in February 2010 and 12.2% in January 2010.
The average price at the pump for gasoline in California during November 2009 was $3.01 Prices were extremely low in late 2008, reflecting the burst of a crude oilprice bubble that developed earlier in the year. Figures for December 2009 are scheduled to be available at the end of March 2010.
Between 2010 to 2030 the contribution to energy growth of renewables (solar, wind, geothermal and biofuels) is seen to increase from 5% to 18%. Natural gas is projected to be the fastest growing fossil fuel, and coal and oil are likely to lose market share as all fossil fuels experience lower growth rates. mmbpd by 2030 from 1.8
In the paper, Nataliya Malyshkina and Deb Niemeier point out that the peak of oil production is estimated to occur approximately between 2010 and 2030, and note that all those dates are considerably earlier than their estimate of the time until renewable replacement technologies are viable in the market (around 2140).
Net petroleum imports as a share of total US liquid fuels consumed drop from 49% in 2010 to 38% in 2020 and 36% in 2035 in AEO2012. Under the Reference case, domestic crude oil production is expected to grow by more than 20% over the coming decade; already, domestic crude oil production increased from 5.1
million by 2015 at a compound annual growth rate (CAGR) of 28% (2010-2015), according to the report. Pike Research further estimates that charging station sales in Asia-Pacific will reach more than 860,000 units at a CAGR of 91% (2010-2015) and revenue of more than $865 million in 2015.
We want to make biochemicals from renewable materials partially as a hedge against rising crude oilprices and much more so because this approach moves us to a more sustainable future. —Joseph McAuliffe.
2010 global automotive materials market by revenue (top) and volume (bottom). Frost & Sullivan values the 2010 lightweight automotive metals market at $20,698.1 The company values the 2010 automotive plastics market at $17,305.7 Source: Frost & Sullivan. Click to enlarge. Polyamides (PA 6 and PA 66). Polyurethanes.
The executives also foresee shale oil and gas having a transformative effect on helping to meet the world’s energy needs, according to the results of the 9 th Annual Energy Survey conducted by the KPMG Global Energy Institute. Alternative energy sources. 69% anticipate operating costs will go up over the next 12 months as well.
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.”
This comparative simulation was carried out over the period 2010 to 2030. Because of the higher levels of income and GDP resulting from the policies, the US federal budget deficit would improve by a cumulative (2010 to 2030) $336 billion, net of policy costs. Oil Imports. billion fewer barrels of foreign oil.
—Kreutz (2010). —Kreutz (2010). CCTF will only employ direct CO 2 capture from air when the CO 2 emission price exceeds the cost of air capture. At sufficiently high oilprices, CCTF will always displace CCS, but from a climate perspective, CCTF (without air capture) is clearly not a replacement for CCS.
Following that announcement, G-20 Leaders agreed to national plans to implement subsidy reform (June 2010) and have asked international organizations to review and assess members’ progress against their commitments (November 2010), according to the conference report.
billion into bio-based materials and chemicals (BBMC) startups since 2010, reflecting the drive for sustainability, performance, and alternatives to petroleum feedstocks. Low oil hits drop-ins, substitutes. About 80% of VC investment in 2016 was on improved products, as opposed to only 46% from 2010 to 2015.
The KPMG research finds that the external environmental costs of 11 key industry sectors jumped 50% from US$566 to US$846 billion in 8 years (2002 to 2010), averaging a doubling of these costs every 14 years. Total environmental cost 2010 vs growth in environmental cost since 2002 vs environmental intensity improvement. Source: KPMG.
The MIT Energy Initiative (MITEI) has released a report on the proceedings—and papers that informed those proceedings—of the 8 April 2010 symposium on The Electrification of the Transportation System: Issues and Opportunities. The symposium was sponsored by the MIT Energy Initiative, together with Ormat, Hess, Cummins and Entergy.
The D7566 fuel specification is written for fuels produced using the Fischer-Tropsch process; however, specifications for alternative aviation fuels containing Bio Synthesized Paraffinic Kerosene (biojet) are expected to be approved for commercial airline use before the end of 2010 or early next year. Earlier post.).
They assumed an oilprice of US$80/bbl, close to the short-term. They used an EV drivetrain with a single 74 kW central motor (CM) that consumes 103±20 Wh/km from 2010 and one with two 29kW wheel motors (WM) that consumes 89±19 Wh/km from 2015. and cheaper engines and battery packs. projections in the World Energy Outlook 2009.
Base case economics for EVs in North America are very challenging, absent significant disruption in oilprice or battery cost. BCG, November 2010). If these barriers can be overcome, advanced biofuels could significantly disrupt the status quo in fuel markets. Click to enlarge.
Projected output of the Clinton Project is a maximum 13,000 barrels of diesel per day (15,800 barrels of oil equivalent per day or 5.3 Syngas projects about a 10% ROI at US$60/barrel of crude, which higher returns at higher oilprices.
BGPY worldwide, representing a 127% increase over 2010 production volumes and an 8.4% between 2017 and 2021, as a combination of higher oilprices, emerging mandate. The report identifies a number of key trends, including: Oilprices are expected to climb over the next decade, driving increased interest in.
This immediate problem affecting the 2010 Prius relates to software that manages the regenerative and conventional braking system. Oilprice and supply dependencies will continue the search for alternative fuel sources, and battery powered vehicles can have a significant impact on that equation. Earlier post.]
The report comes in the context of Victoria’s 5-year Electric Vehicle Trial (EVT), launched in 2010 ( earlier post ). The analysis is based on central forecasts of oilprice, electricity. However, as EV and PHEV prices gradually reach. vehicle types (ICEs, EVs, PHEVs and HEVs). This is primarily due to.
The Queensland Sustainable Aviation Fuel Initiative was established in 2010 through a Queensland Government National and International Research Alliances Program grant that brought together a consortium of university biofuel experts and industry for the AU$6.5-million million project.
Genomatica has been producing BDO at pilot scale in 3,000 liter fermentations since the first half of 2010, and is moving to production at demonstration scale in 2011. Genomatica expects Bio-BDO to be competitive at oilprices of $45 per barrel or at natural gas prices of $3.50 billion pound, $3-billion worldwide market.
Volatility hurts us too, for as we’ve learned the price of oil can rise sharply in a short period of time. This means our economic stability is at stake because of our reliance on oil. In fact, four of the last five recessions were started by an oilprice spike. [
On average, Alaska has operated the most efficient US domestic flights for five years running since 2010. In 2010, there were 145 seats on an average US domestic flight flown by the mainline carriers. Overall industry fuel efficiency improved by 1.7% from 2013 to 2014. In 2013 this number rose to 149, and reached 150 in 2014.
The rolling four-week average of US gross refinery inputs has been above the previous five-year range (2010-14) every week so far this year. The record high gross inputs reflect both higher refinery capacity and higher utilization rates.
We write about the winners often in this space — they include just about anyone who invested in Tesla since the 2010 IPO, especially those who followed a buy-and-hold strategy, as well as those who bet […]. By Charles Morris The transition to electric vehicles and renewable energy is already creating winners and losers.
At the core of this forecast is the work we have done on EV battery prices. Lithium-ion battery costs have already dropped by 65% since 2010, reaching $350 per kWh last year. This would be equivalent to nearly 8% of global electricity demand in 2015. —Colin McKerracher, lead advanced transportation analyst at BNEF.
China built its first methanol-to-gasoline (MTG) plant in 2010, and since then, another 10 MTG plants have come online. MTG units involve high capital costs and are only cost-competitive when oilprices are high.
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