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3 Oil Majors That Bet Big On Renewables

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Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com. 2 Total SA.

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IDTechEx: motors with oil cooling became the dominant form in the electric car market in 1H 2022

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In the first half of 2022, motors with oil cooling became the dominant form in the electric car market, taking 50% market share, according to a report from IDTechEx. IDTechEx is predicting oil to gain an even greater market share with purely water jacket-cooled motors remaining in a significant way. This is where oil cooling comes in.

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Solar + wind now make up more than 20% of US electrical generating capacity

Baua Electric

Photo by Amol Mande on Pexels.com Solar and wind now make up more than 20% of total US electrical generating capacity, according to new data from the Federal Energy Regulatory Commission (FERC). The renewable energy mix – biomass, geothermal, hydropower, solar, and wind – is now nearly 30% of total US electrical generating capacity.

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Volkswagen ID.7 makes its world premiere

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According to an initial internal forecast, the ID.7 7 Pro S with the new, larger 86 kWh battery (net) will permit ranges of up to approximately 435 miles (700 km) WLTP, while the ID.7 7 Pro with 77 kWh battery (net) will achieve ranges of up to approximately 382 miles (615 km) WLTP. There will be two battery versions: the ID.7

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EIA projects increases in global energy consumption and emissions through 2050

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Renewables will be the primary source for new electricity generation, but natural gas, coal, and increasingly batteries will be used to help meet load and support grid reliability. Oil and natural gas production will continue to grow, mainly to support increasing energy consumption in developing Asian economies. —Stephen Nalley.

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Renewables now make up 30% of US power capacity – FERC

Baua Electric

Photo: Openverse Renewables – solar, wind, biomass, geothermal, hydropower – are now 30% of total US electrical generating capacity, according to analysis of FERC’s mid-year data. Natural gas and oil provided the balance: 20 MW and 5 MW, respectively. For seven of those 10 months, wind took second place. of capacity added.

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

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In developing its projections, the EIA implemented a new approach to forecasting VMT, based on an analysis of VMT by age cohorts and the aging of the driving population over the course of the projection. Domestic crude oil production increases sharply in the AEO2014 Reference case, with annual growth averaging 0.8 Tcf in 2012 to 2.1

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