2014, Coal and Oil Prices

BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

Green Car Congress

DECEMBER 22, 2014

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60

Oil Prices

Oil Prices Oil Price Carbon

EIA projects world liquid fuels use to rise 38% by 2040, driven by growth in Asia and Middle East; transportation 92% of demand

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SEPTEMBER 10, 2014

World petroleum and other liquid fuels consumption will increase 38% by 2040, spurred by increased demand in the developing Asia and Middle East, according to the Reference Case projections in International Energy Outlook 2014 ( IEO2014 ), released by the US Energy Information Administration (EIA). oil sands, either diluted or upgraded).

Asia

Asia Transportation Oil-Sands Oil Prices

EIA: world energy consumption to grow 56% 2010-2040, CO2 up 46%; use of liquid fuels in transportation up 38%

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JULY 25, 2013

The Brent crude oil spot price averaged $112 per barrel in 2012, and EIA’s July 2013 Short-Term Energy Outlook projects averages of $105 per barrel in 2013 and $100 per barrel in 2014. Biomass Climate Change Coal-to-Liquids (CTL) Emissions Forecasts Fuels Gas-to-Liquids (GTL) Market Background'

2010

2010 Transportation Fuel Energy

IEA: global map of oil refining and trade to be redrawn over next 5 years

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OCTOBER 12, 2012

The MTOMR is the last in a series of medium-term forecasts that the IEA devotes to each of the four main primary energy sources: oil, gas, coal and renewable energy. Demand from non-OECD economies is forecast to overtake that in the OECD as early as 2014. But it also highlights elevated supply and demand risks.

Oil

Oil Oil-Sands Global Oil Prices

Comprehensive modeling study finds electric drive vehicle deployment has little observed effect on US system-wide emissions

Green Car Congress

JANUARY 15, 2014

No EDV deployment occurs with high battery costs, low oil prices, and no CO 2 policy. higher oil prices, a CO 2 policy, lower battery cost—the median market shares increase. higher oil prices, a CO 2 policy, lower battery cost—the median market shares increase. —Babaee et al.

Emissions

Emissions Oil Prices Vehicles Oil

EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

Green Car Congress

FEBRUARY 23, 2017

The main effect of this change on the forecasted STEO liquid fuels market balances is that the higher consumption in 2014 raises the baseline to which the STEO forecast benchmarks. About two-thirds of China’s methanol feedstock is produced from coal and the remainder from coking gas (a by-product of steel production) and natural gas.

2000

2000 2016 Fuel Gasoline

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

Reflecting slow growth in travel and accelerated vehicle efficiency improvements, US light-duty vehicle (LDV, cars and light trucks) energy use will decline sharply between 2012 and 2040, according to the US Energy Information Administration’s (EIA’s) Annual Energy Outlook 2014 (AEO2014) Reference case released today. Tcf in 2012 to 2.1

Oil

Oil Light Energy Vehicles

IEA: global energy efficiency progress drops to slowest rate since start of decade

Green Car Congress

NOVEMBER 4, 2019

In the United States, primary demand increased for the first time since 2014. China continued to implement policies designed to shift households and businesses from coal to gas boilers, mainly for air quality reasons. Oil represented the largest share of final demand, at around 41%, but demand growth slowed to 1.5%

Global

Global Energy 2018 Coal

The $32-Trillion Push To Disrupt The Entire Oil Industry

Green Car Congress

FEBRUARY 28, 2019

And it has become clear that not only oil and gas giants are being targeted, after one of the world’s largest mining and commodity trading companies, Glencore, decided to put a limit on its thermal coal investment. The latter is partly caused by “global warming constraints” and lower oil prices in general.

Oil

Oil Industry Industrial Financing

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

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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

IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

Green Car Congress

JANUARY 17, 2015

The report, “ Renewable Power Generation Costs in 2014 ”, concludes that biomass, hydropower, geothermal and onshore wind are all competitive with or cheaper than coal, oil and gas-fired power stations, even without financial support and despite falling oil prices. —“Renewable Power Generation Costs in 2014”.

Renewable

Renewable Parts Power Powered

Study projects emission impacts of inexpensive, efficient EVs: 36% further reduction in LDV GHG by 2050, or 9% economy-wide

Green Car Congress

JUNE 7, 2017

Future LDV transportation demand in the US9R database is specified based on US EIA Annual Energy Outlook (AEO) 2014 projections, allocated to the model’s nine regions and to seven vehicle size classes ranging from mini-compacts to light trucks. Among their findings: Gasoline vehicles dominate in the BAU scenario for the entire time horizon.

Emissions

Emissions Economy Gasoline-Electric Coal

Demand for oil ‘passed its peak’

Green Cars News

OCTOBER 15, 2009

“Petroleum for transportation has been the single driving force behind OECD oil demand for the past two decades,” said Aaron Brady, IHS CERA Director, Global Oil. After the oil crisis of the early 1980s the non-transportation sector turned to readily available substitutes like coal, gas or nuclear power. mbd in 2014.

Oil

Oil 2005 Alternative Fuels Transportation

EV Driven

BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

EIA projects world liquid fuels use to rise 38% by 2040, driven by growth in Asia and Middle East; transportation 92% of demand

EIA: world energy consumption to grow 56% 2010-2040, CO2 up 46%; use of liquid fuels in transportation up 38%

IEA: global map of oil refining and trade to be redrawn over next 5 years

Comprehensive modeling study finds electric drive vehicle deployment has little observed effect on US system-wide emissions

EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

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

IEA: global energy efficiency progress drops to slowest rate since start of decade

The $32-Trillion Push To Disrupt The Entire Oil Industry

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

IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

Study projects emission impacts of inexpensive, efficient EVs: 36% further reduction in LDV GHG by 2050, or 9% economy-wide

Demand for oil ‘passed its peak’

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