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IEA says oil supplies may not keep up with demand

Green Car Congress

Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades. Global oil demand is expected to increase by 37 percent by 2040, with a dominant proportion of that coming from developing countries—i.e. China and India.

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VW introducing 1.8L EA888 Gen 3 engine in 2014 Jetta, Passat and Beetle; driving impressions

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liter TSI four-cylinder engine in the 2014 Jetta and Passat, followed by the 2014 Beetle. In a presentation at Volkswagen of America’s 2014 line drive in St. The cylinder head places extremely high demands on the casting process, uses a die with 12 sand cores in the bottom casting method. Click to enlarge.

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Follow the sand to the real fracking boom

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When it takes up to four million pounds of sand to frack a single well, it’s no wonder that demand is outpacing supply and frack sand producers are becoming the biggest behind-the-scenes beneficiaries of the American oil and gas boom. says the output of wells is up to 30% higher when they are blasted with more sand.

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Argonne releases GREET 2014 lifecycle analysis software; unified graphical toolbox and database

Green Car Congress

The GREET (The Greenhouse Gases, Regulated Emissions, and Energy Use in Transportation Model) team at Argonne National Laboratory has released a new version of the widely used GREET lifecycle analysis tool, GREET 2014. The file stores both default data supplied by the model and values defined by the user.

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

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Profound shifts in the regional distribution of oil demand and supply growth will redefine the refining industry and transform global oil trade over the next five years, according to the annual Medium-Term Oil Market Report (MTOMR) released by the International Energy Agency (IEA). The oil market is at a crossroads.

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ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

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China will see the largest increase—more than 4 million oil-equivalent barrels per day. Global liquids supply by type. The outlook projects that oil and natural gas will continue to meet about 60% of energy needs by 2040. The outlook projects that oil and natural gas will continue to meet about 60% of energy needs by 2040.

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Inter Pipeline to provide 100 kbpd of bitumen blend transportation to Canexus rail loading facility

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Inter Pipeline shipped nearly 30% of Canadian crude oil supply and about 40% of oil sands volumes in 2012. Canexus is undertaking a major expansion of its rail operations to enable loading of crude oil unit trains which will access both the Canadian Pacific and Canadian National Railway systems.

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