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EIA ups total shale oil resource estimate by 13% to 419B barrels, shale gas by 4% to 7576 Tcf

Green Car Congress

The US Energy Information Administration (EIA) continues to expand its assessment of technically recoverable shale oil and shale natural gas resources around the world. Each of the countries has an existing oil and natural gas industry with infrastructure connecting the basins to global markets. Bcf/d from 2005 to 2014.

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MIT and IEA reports take different views of the future of natural gas in transportation

Green Car Congress

MIT and the IEA both have newly released reports exploring the potential for and impact of a major expansion in global usage of natural gas, given the current re-evaluation of global supplies. The IEA takes a more conventional approach, assessing the impact on the penetration of vehicles burning gas as their fuel. Earlier post.)

MIT 299
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Stanford, UC Santa Cruz study explores ramifications of demand-driven peak to conventional oil

Green Car Congress

In contrast to arguments that peak conventional oil production is imminent due to physical resource scarcity, a team from Stanford University and UC Santa Cruz has examined the alternative possibility of reduced oil use due to improved efficiency and oil substitution. 2010, to above 140 $/bbl in constant 2010 dollars).

Oil 207
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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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IEO2014 projections of future liquids balances include two broad categories: crude and lease condensate and other liquid fuels. Crude and lease condensate includes tight oil, shale oil, extra-heavy crude oil, field condensate, and bitumen (i.e., oil sands, either diluted or upgraded). oil shale), and refinery gain.

Asia 341
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Sinopec takes 30% stake in Galp Energia’s Brazilian subsidiary for $4.8B

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Galp said that the capital increase significantly strengthens its capital structure, fully securing its funding needs for the future expansion and development of its upstream activities in Brazil. In 2010, Sinopec’s domestic crude output amounted to 298 MMbbl and natural gas production grew to 441 Bcf. Petrogal assets in Brazil.

Brazil 186
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Will the world run out of lithium?

Drive Electric

The United States Geological Survey revealed that the world’s identified lithium resources are estimated to be around 79 million metric tons, with the largest reserves in Chile, Argentina, and Australia. Given these predictions, it’s understandable that some may be concerned about the future availability of lithium.

Oil 93
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DNV GL paper suggests near-term success for LNG in shipping; alternative fuel mix to diversify over time

Green Car Congress

DNV GL has released a position paper on the future alternative fuel mix for global shipping. DNV GL is studying a number of alternative fuels or energy carriers that are already used or could be potentially used in shipping in the future. Well-to-Propeller GHG emissions results for marine alternative fuels. Source: DNV GL.