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At 3%, the 2011 increase in global CO 2 emissions is above the past decade’s average annual increase of 2.7%. savings stimulated by high oilprices led to a decrease of 3% in CO 2 emissions in the European Union and of 2% in both the United States and Japan. combined, where emissions increased by 9% and 6% respectively in 2011.
in 2011, close to the historical average. Oil remains the world’s leading fuel, but its 33.1% in 2011, broadly in line with the historical average but well below the 5.1% Brent oilprices were on average 40% higher than 2010 and exceeded $100 a barrel for the first time ever; at $111.26/bbl, Source: BP.
OPEC says that $10 trillion worth of investment will need to flow into oil and gas through 2040 in order to meet the world’s energy needs. The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past.
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
Natural gas is the fastest-growing fossil fuel, as global supplies of tight gas, shale gas, and coalbed methane increase. With prices expected to increase in the long term, however, the world oilprice in real 2011 dollars reaches $106 per barrel in 2020 and $163 per barrel in 2040, according to IEO2013.
Shale gas offsets declines in other US supply to meet. 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. Source: EIA.
Worldwide energy consumption will grow by 53% between 2008 and 2035 with much of the increase driven by strong economic growth in the developing nations, especially China and India, according to the reference case in the newly released International Energy Outlook 2011 (IEO2011) from the US Energy Information Administration (EIA).
Among its many findings, the Reference case suggests that US primary energy consumption will grow by 7% from 2011 to 2040 to 108 quadrillion Btu. However, energy use per capita declines by 15% from 2011 through 2040 as a result of improving energy efficiency (e.g., quadrillion Btu in 2011 to 14.0 Overall findings.
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.
Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. —WEO 2011.
In 2011, the largest dollar volume for Li-ion automotive applications could come from the mini EV and EREV segment. As one example of factors contributing to that decision, a survey of projected oilprices returned values between $30 and $250 a barrel, he said.). Representative battery pack size is below each segment.
The Middle East becomes the world’s second-largest gas consumer by 2020 and third-largest oil consumer by 2030, redefining its role in global energy markets. Nearly half of the net increase in electricity generation comes from renewables. billion people in the world without access to electricity and one-quarter of the 2.6
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. Even batteries and fuel cells have entered the conversation.
The current plunge in oilprices will likely negatively affect plug-in and hybrid vehicle sales in the short term; automakers such as BMW are already warning of lower sales of plug-in vehicles given the market context. Anticipated price of oil and forecast plug-in sales. Lux on the price of oil.
The WEO finds that the extraordinary growth in oil and natural gas output in the United States will mean a sea-change in global energy flows. In the New Policies Scenario, the WEO ’s central scenario, the United States becomes a net exporter of natural gas by 2020 and is almost self-sufficient in energy, in net terms, by 2035.
Technically feasible levels of energy efficiency and decarbonized energy supply alone will not be sufficient to reduce greenhouse gas emissions 80% below 1990 levels by 2050, according to a detailed modeling of the California economy performed by a team from Energy and Environmental Economics, the Monterey. Williams et al. Click to enlarge.
According to a recently published report commissioned by the Victoria (Australia) Department of Transport from AECOM, electric vehicle (EV) technology offers the state of Victoria potentially significant economic benefits by the late 2020s. electricity supply to provide the necessary protections from higher voltages. Source: AECOM.
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. The world is nearing a paradigm shift in oil demand. Lindemer LLC.
The critical need for government leadership in the emergence of electric vehicles dominated a recent Green Fleet Management discussion in Toronto, hosted by Fleet Challenge Ontario. In an interview published in Maclean’s, a Canadian news magazine, the chairman and CEO of General Electric said, “ Government should be a catalyst for change.
Accenture defined disruptive fuel technologies as those that: Reduce hydrocarbon fuel demand by more than 20% by 2030; Save greenhouse gas emissions (GHG) by more than 30% relative to the hydrocarbons they replace; Will be commercial in less than five years; and. Will be competitive at an oilprice of $45 to $90 at their commercial date.
From the Reuters post: “A sister company to Toyota Motor Corp secured a lithium supply deal in Argentina on Wednesday that could help the world’s largest automaker keep its lead in gasoline-electric hybrid cars. “Toyota is taking a step on its own to secure the materials it needs to ensure stable production.&#.
The Whole Life Times just published an Interview with Chris : The Electric Car Returns (and This Time It’s Personal). Filmmaker Chris Paine, director of Who Killed the Electric Car? and its forthcoming sequel, talks to us about the fate of GM, the downfall of hydrogen and why electric cars truly are making a comeback By Siel.
Very broadly, they found that an LCFS would buffer the economy against global oilprice spikes, trim demand for petroleum, and lessen upward pressure on gasprices. Modify RFS2 to incorporate elements of an LCFS, or replace it with an LCFS. All of this helps achieve LCFS targets in the most cost-effective manner.
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, gasprices were similarly high in 2006, 2008, and for a while after 2011.
A new study sponsored by Indiana University concludes that President Obama’s vision of one million plug-in electric vehicles (PEVs) on US roads by 2015 will require concentrated efforts action from all stakeholders— the auto industry, federal government, the scientific community, and consumers—to be realized. —John D.
What it means for the oil and gas industry. How much oil and gas companies can save with new desalination systems. Water is what enables the US to drill more oil and gas wells and to wean itself off of foreign oil and reduce vulnerability to geopolitical whims. How it’s already working-and where.
The DOS SEIS accordingly takes a detailed look at life-cycle greenhouse gas emissions of petroleum products from Western Canadian Sedimentary Basin (WCSB) oil sands crudes compared with reference crudes and the potential impact the pipeline might have on climate change as well as on the future development of the oils sands resource in Canada.
Providing war fighters with more energy-efficient equipment such as aircraft or combat vehicles improves operational effectiveness, saves money and reduces greenhouse gas emissions, they said. Opportunities to Produce Alternative Fuels with Lower Greenhouse Gas Emissions. ” —James Bartis, lead author.
Find investors, resumes, and free research Get Cleantech Blog in your email Enter your email address: Subscribe in a reader Join us on Linked In Follow us on Twitter Join us on Facebook GHGBlog.com - The Greenhouse Gas Blog Loading. The World's First Clean Motocross Race On Electric. Here we go again.or Carbon trading vs t.
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