Available, Cost Of, Oil and Oil Prices

Large differences among the recent increases in the cost of powering gasoline, diesel, and electric vehicles

Green Car Congress

JUNE 2, 2022

This post examines the recent changes in the costs of powering gasoline, diesel, and electric vehicles. The expectation was that the cost of electricity had recently increased much less than the costs of gasoline and diesel. The reason is that, in the United States, oil is used to generate less than 1% of electricity.

Gasoline-Electric

Gasoline-Electric Gasoline Cost Of Diesel

IHS Markit: US oil production growth heading for a major slowdown, as capital discipline and weak prices play out

Green Car Congress

NOVEMBER 7, 2019

US shale production—the chief source of rapid growth that made the United States the world’s largest oil producer—is slowing down fast, says a new report by IHS Markit. The combination of closed capital markets and weak prices are pulling cash out of the system. —Raoul LeBlanc. —Raoul LeBlanc.

Oil

Oil Price Oil Prices Production

Indianapolis plans to add 425 PHEVs and BEVs to municipal fleet by 2016

Green Car Congress

OCTOBER 29, 2014

This is a landmark step in revitalizing our aging fleet and replacing expensive internal combustion engine vehicles with cutting-edge EV technology, all while reducing our dependence on oil and saving Indianapolis taxpayers thousands in fuel costs each year.

Indianapolis

Indianapolis 2016 Fleet PHEV

Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

Green Car Congress

JUNE 23, 2011

Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Data: California DOGGR. Click to enlarge. Source: Chevron. Click to enlarge.

Chevron

Chevron Oil Oil-Sands Production

MIT/RAND Study Concludes Three Types of Alternative Jet Fuel May Be Available in Commercial Quantities Over the Next Decade

Green Car Congress

OCTOBER 25, 2009

The focus of the work was on alternative jet fuels that could be available commercially in the next decade using primarily North American resources. Canadian oil sands and Venezuelan VHOs have the largest potential of several hundred thousand barrels per day of jet fuel, but their use would result in increased GHG emissions.

MIT

MIT Oil-Sands Commercial Available

Researchers Suggest That Although CCS and Other Technologies Could Reduce Oil Sands GHG Emissions to Near Zero, That Strategy May Not Make Sense

Green Car Congress

AUGUST 15, 2010

Examples of emerging oil sands related technologies and trade-offs. The paper is an examination of how various choices about the scale of the life cycle analysis applied to oil sands (i.e., The source material is neither oil nor tar but bitumen, but is most generally described as an example of ultraheavy oil.”.

Oil-Sands

Oil-Sands Oil Emissions Coal

Navigant forecasts global medium- and heavy-duty alt powertrain sales to exceed 820K units in 2026

Green Car Congress

JULY 5, 2016

Whereas fuel cost used to be a major driver for fleet managers, the lowering of oil prices and the availability of low-cost natural gas has reduced this concern, Navigant notes. A major factor has always been the cost of battery packs.

Global

Global Sale North America Oil Prices

Navigant forecasts global annual natural gas vehicle sales to reach 3.9M in 2025, up 62.5% from 2015

Green Car Congress

DECEMBER 28, 2015

Due to the incremental costs of NGVs, limited fueling infrastructure, reduced utility, and progress on competitive electrification technology, Navigant expects only modest LD NGV demand growth in North America. These include the availability of refueling infrastructure, tightening tailpipe emissions requirements, and total cost of ownership.

2015

2015 Gas Global North America

Biosyncrude Gasification Process Could Produce Motor Fuel at Cost of Around $3/gallon

Green Car Congress

JANUARY 31, 2009

A crude oil price of US$100/bbl results in an approximate cost of €0.56/L Biomass is pyrolized to a pyrolysis oil. The pyrolysis oil is mixed with pyrolysis coke from the process to create a biocrude slurry for transport and subsequent gasification to syngas and subsequent catalytic conversion to chemicals and/or fuels.

Cost Of

Cost Of Motors Motoring Motor

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

Green Car Congress

JANUARY 17, 2015

The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Real weighted average cost of capital is 7.5% Source: IRENA.

Renewable

Renewable Parts Powered Power

AECOM study finds EV adoption in Victoria can offer significant economic benefits by late 2020s; PHEVs initially lead uptake

Green Car Congress

JULY 12, 2011

Assumes there are only Internal Combustion Engines (ICEs) and Hybrid Electric Vehicles (HEVs) available, with no Plug-in Hybrid Electric Vehicles (PHEVs) or pure Electric Vehicles (EVs). The analysis is based on central forecasts of oil price, electricity. However, as EV and PHEV prices gradually reach. Scenario 1.

PHEV

PHEV Oil Prices Australia Price

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

Green Car Congress

JANUARY 29, 2014

DNV and GL merged in September 2013 to form DNV GL—the world’s largest ship and offshore classification society, the leading technical advisor to the global oil and gas industry, and a leading expert for the energy value chain including renewables and energy efficiency. —“Alternative Fuels for Shipping”.

Alternative Fuels

Alternative Fuels Fuel Gas-Electric Mariner

ICCT updates US airline fuel efficiency rankings; Alaska stays on top, American on bottom

Green Car Congress

OCTOBER 22, 2015

This steady increase in seats available per flight result in increased fuel efficiency but at the cost of reduced passenger comfort and access to flights (fewer airports served and/or longer wait times between flights). In 2010, there were 145 seats on an average US domestic flight flown by the mainline carriers.

Alaska

Alaska Fuel 2014 2013

A Look at EV Charging Pricing Policy and Why It Matters

EV Connect

JULY 5, 2022

For many drivers there is a basic understanding of how traditional gasoline pricing functions: Oil prices based on availability and proximity in large part dictate how much a driver will pay at the pump. Pricing at a Glance Charging up your electric car at home sets a pricing baseline.

Price

Price Charging Gasoline-Electric Gas-Electric

KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

Green Car Congress

FEBRUARY 15, 2012

The KPMG study, “Expect the Unexpected: Building Business Value in a Changing World”, explores issues such as climate change, energy and fuel volatility, water availability and cost and resource availability, as well as population growth spawning new urban centers. Source: KPMG. Click to enlarge. billion in 2005.

Climate Change

Climate Change Water Climate Global

Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Green Car Congress

AUGUST 30, 2009

The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil. of water.

Transportation

Transportation Fuel Renewable Gasoline-Electric

Study finds no alternative to widespread switching of direct fuel uses to electricity to meet 2050 California GHG targets; putting detail in climate wedges

Green Car Congress

NOVEMBER 27, 2011

policies; long term rates of technology introduction were constrained by physical feasibility, resource availability, and historical uptake rates. rather than relative prices of technology, energy, or carbon as. essential for reducing the cost of electrification, by raising. Net mitigation cost to California came in at 1.3%

Climate

Climate California Fuel Emissions

Sandia Labs/GM Biofuels Systems Study Concludes Large-Scale Production of Advanced Biofuels is Achievable and Sustainable

Green Car Congress

FEBRUARY 10, 2009

Sandia’s analysis included land use, water availability, energy used to produce cellulosic biomass, transportation of feedstocks and other potential leverage points for the development and use of cellulosic biofuels. For each new plant constructed, the BDM selected a feedstock/conversion pair resulting in the lowest cost of ethanol.

GM

GM Production Conversion Oil Prices

National Research Council report finds it unlikely the US will meet cellulosic biofuel mandates absent major innovation or a change in policies

Green Car Congress

OCTOBER 4, 2011

A key barrier to achieving RFS2 is the high cost of producing biofuels compared to petroleum-based fuels and the large capital investments required to put billions of gallons of production capacity in place. Resolving most of the barriers is necessary to achieving RFS2, and many of them are interrelated as illustrated by the examples below.

Renewable

Renewable Tax Credit Conversion Fuel

Roland Berger E-Mobility Index finds government subsidies for and projected sales of xEVs declining worldwide

Green Car Congress

MAY 22, 2013

In terms of the total cost of ownership (TCO), partially or fully electrified powertrains are still at a significant cost disadvantage over the entire lifecycle compared to conventional powertrains. Extracting oil by fracking could stabilize the oil price over the next few years.

South Korea

South Korea Sale France Plug-in

IEA World Energy Outlook 2013 sees CO2 emissions rising by 20% to 2035; oil use on upward trend

Green Car Congress

NOVEMBER 13, 2013

China is about to become the largest oil-importing country and India becomes the largest importer of coal by the early 2020s. 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. Oil use grows, but in a narrowing set of markets.

Oil

Oil 2013 Energy Emissions

Study suggests that decarbonizing US transport sector by converting waste CO2 to fuels would require economical air-capture of CO2

Green Car Congress

NOVEMBER 7, 2010

In the near-term pre-CCS era, with a low cost of carbon, the economical solution for power providers is to vent the CO 2 and pay the fees, passing on the costs to customers. Over time, however, as the CO 2 price increases, it eventually becomes more economical to either retrofit plants to capture and store most of.

Transportation

Transportation Convert Waste CO2

US National Research Council Report Finds Plug-in Hybrid Costs Likely to Remain High; Fleet Fuel Consumption and Carbon Emissions Benefits Will Be Modest for Decades

Green Car Congress

DECEMBER 15, 2009

Costs of light-duty plug-in hybrid electric vehicles (PHEVs) are high—largely due to their lithium-ion batteries—and unlikely to drastically decrease in the near future, according to a new report from the National Research Council (NRC). PHEV-40s, which consume 55% less gasoline than hybrids, could have a greater impact on oil consumption.

Plug-in

Plug-in Plug PHEV Hybrid

NETL Report Concludes CTL Plus Carbon Capture Results in Fuel with 5-12% Less Lifecycle GHG Than Petroleum Diesel; Modest Biomass Additions Lower GHG Further

Green Car Congress

FEBRUARY 7, 2009

Background colors of the cells represent the crude oil price required for economic feasibility. These synthetic fuels are economically competitive with petro-diesel when the crude oil price (COP) is at or above $86 per barrel (based on a 20% rate of return, in January 2008 dollars, with a carbon price of zero).

Carbon

Carbon Diesel Fuel Coal

Study Finds EVs Economically and Financially Viable in New South Wales, Australia Market Today

Green Car Congress

JANUARY 18, 2010

The study found that for small and medium passenger vehicles, expected lifetime cost per kilometer for EVs is already lower than that of conventional ICE. The total cost of ownership includes the vehicle price, annual fuel and maintenance costs and insurance. Future costs have been discounted at 7%. Source: AECOM.

Australia

Australia Market Plug-in Plug

Michigan Energy and Advanced Automotive Research Lined Up for $99.5M in Funding from FY2010 Defense Appropriations Bill

Green Car Congress

SEPTEMBER 21, 2009

The availability of domestically manufactured lithium ion batteries is critical to both the DoD and to the ability of our automotive manufacturers to produce the next generation of ground vehicles. $10 Lithium-ion batteries could be considerably lighter, much more capable, and more affordable than currently available battery systems.

Michigan

Michigan Lithium Ion Energy Hybrid

US DOE progress report says 1M plug-ins by 2015 ambitious but achievable; not likely to be constrained by production capacity

Green Car Congress

FEBRUARY 8, 2011

The strategy includes: Make electric vehicles more affordable with a rebate up to $7,500: The President is proposing to transform the existing $7,500 tax credit for electric vehicles into a rebate that will be available to all consumers immediately at the point of sale. —One Million Electric Vehicles by 2015.

2015

2015 Plug-in Tax Credit Plug

IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

NOVEMBER 13, 2011

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. Click to enlarge. billion in 2035.

Oil

Oil Transportation Cheap Energy

Accenture Reports Identifies 12 Disruptive Technologies Most Likely to Transform Supply and Demand of Transport Fuels and Cut Emissions Within Next 10 Years

Green Car Congress

NOVEMBER 10, 2009

Will be competitive at an oil price of $45 to $90 at their commercial date. If the technology can be brought to scale, then waste feedstock processing could solve two problems at once—a source of low-cost, low-carbon renewable fuel, and a solution to the ever more critical issue to landfill reduction. Marine scrubbers.

Transportation

Transportation Supplies Emissions Fuel

Study Finds Integrated Biorefinery Processes Could Be Highly Competitive With Petroleum Fuels on Efficiency and Costs, While Offering Substantial Reductions in Greenhouse Gas Emissions

Green Car Congress

MARCH 8, 2009

The RBAEF project, which was launched in 2003, is the most comprehensive study of the performance and cost of mature technologies for producing energy from biomass to date. We conclude that mature biomass refining is highly competitive with the fuels currently available, based on all the factors considered.

Emissions

Emissions Gas Fuel 2009

Study details viable pathway to develop sustainable aviation biofuels industry in Pacific Northwest; hydroprocessing of natural oils seen as the most immediate opportunity

Green Car Congress

MAY 25, 2011

Established hydroprocessing technologies to produce aviation fuels from natural oils. supply chains for sustainable aviation fuels utilizing oils from oilseed crops such as camelina, as well as algae and biomass. Natural bio-oils have carbon chain lengths that are in the diesel range, 16-18 carbon atoms in the hydrocarbon.

Oil

Oil Industrial Industry Renewable

Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

Green Car Congress

FEBRUARY 4, 2011

However, consumer demand for PEVs is quite uncertain and, barring another global spike in oil prices, may be limited to a minor percentage of new vehicle purchasers (e.g., Automakers could ramp up PEV production if consumer demand proves to be larger than expected.

Plug-in

Plug-in 2015 Plug Recharge

RAC Foundation: 830,000 households in UK spend at least 27% of their income on running a car; “transport poverty”

Green Car Congress

MARCH 7, 2013

Of a total weekly expenditure of £167 (US$250), those in the poorest car-owning households see £44 (US$66) go on vehicle-related purchasing and operating costs. But this spending breakdown just for car-owning households is not normally available. Diesel prices are a few p higher per liter.

Transportation

Transportation Gasoline Cars 2003

Not So Prolific: US Shale Faces A Reality Check

Green Car Congress

DECEMBER 14, 2016

The collapse of oil prices has forced the US shale industry to slash production costs. He broke down the cost reductions into a few categories: “One of these factors is high-grading, where operators are drilling only the better acreage,” said Olmstead. We are producing cheap oil today, leaving costly oil for tomorrow.

Oil-Sands

Oil-Sands Oil Oil Prices Price

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

APRIL 16, 2009

Electric vehicles will be available for customers in 2011. Just as wireless service providers offer smartphones at discounted prices, Project Better Place will offer discounted electric vehicles with usage pricing plans. Millions of EVs and PHEVs would expand the sale of electricity as an alternative to oil. Email Neal.

Grid

Grid Electric Vehicles Vehicles Oil-Sands

Hawaii opts for EVs and renewable energy

Revenge of the Electric Car

DECEMBER 3, 2008

Once the capital costs of setting up the facility are recouped, about ten years in this case, all they have are maintenance and operational costs since the energy source is essentially free forever. The rest of Hawaii’s electricity is generated by burning oil. It’s a little bit more complex than that, but not much.

Hawaii

Hawaii Renewable Energy San Francisco

EV Driven

Large differences among the recent increases in the cost of powering gasoline, diesel, and electric vehicles

IHS Markit: US oil production growth heading for a major slowdown, as capital discipline and weak prices play out

Indianapolis plans to add 425 PHEVs and BEVs to municipal fleet by 2016

Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

MIT/RAND Study Concludes Three Types of Alternative Jet Fuel May Be Available in Commercial Quantities Over the Next Decade

Researchers Suggest That Although CCS and Other Technologies Could Reduce Oil Sands GHG Emissions to Near Zero, That Strategy May Not Make Sense

Navigant forecasts global medium- and heavy-duty alt powertrain sales to exceed 820K units in 2026

Navigant forecasts global annual natural gas vehicle sales to reach 3.9M in 2025, up 62.5% from 2015

Biosyncrude Gasification Process Could Produce Motor Fuel at Cost of Around $3/gallon

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

AECOM study finds EV adoption in Victoria can offer significant economic benefits by late 2020s; PHEVs initially lead uptake

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

ICCT updates US airline fuel efficiency rankings; Alaska stays on top, American on bottom

A Look at EV Charging Pricing Policy and Why It Matters

KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Study finds no alternative to widespread switching of direct fuel uses to electricity to meet 2050 California GHG targets; putting detail in climate wedges

Sandia Labs/GM Biofuels Systems Study Concludes Large-Scale Production of Advanced Biofuels is Achievable and Sustainable

National Research Council report finds it unlikely the US will meet cellulosic biofuel mandates absent major innovation or a change in policies

Roland Berger E-Mobility Index finds government subsidies for and projected sales of xEVs declining worldwide

IEA World Energy Outlook 2013 sees CO2 emissions rising by 20% to 2035; oil use on upward trend

Study suggests that decarbonizing US transport sector by converting waste CO2 to fuels would require economical air-capture of CO2

US National Research Council Report Finds Plug-in Hybrid Costs Likely to Remain High; Fleet Fuel Consumption and Carbon Emissions Benefits Will Be Modest for Decades

NETL Report Concludes CTL Plus Carbon Capture Results in Fuel with 5-12% Less Lifecycle GHG Than Petroleum Diesel; Modest Biomass Additions Lower GHG Further

Study Finds EVs Economically and Financially Viable in New South Wales, Australia Market Today

Michigan Energy and Advanced Automotive Research Lined Up for $99.5M in Funding from FY2010 Defense Appropriations Bill

US DOE progress report says 1M plug-ins by 2015 ambitious but achievable; not likely to be constrained by production capacity

IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Accenture Reports Identifies 12 Disruptive Technologies Most Likely to Transform Supply and Demand of Transport Fuels and Cut Emissions Within Next 10 Years

Study Finds Integrated Biorefinery Processes Could Be Highly Competitive With Petroleum Fuels on Efficiency and Costs, While Offering Substantial Reductions in Greenhouse Gas Emissions

Study details viable pathway to develop sustainable aviation biofuels industry in Pacific Northwest; hydroprocessing of natural oils seen as the most immediate opportunity

Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

RAC Foundation: 830,000 households in UK spend at least 27% of their income on running a car; “transport poverty”

Not So Prolific: US Shale Faces A Reality Check

Cleantech Blog: Smart Grids and Electric Vehicles

Hawaii opts for EVs and renewable energy

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