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A new report from the Council on Foreign Relations (CFR)— The Canadian Oil Sands: Energy Security vs ClimateChange — claims that prudent greenhouse gas regulations can limit emissions from Canadian oil sands while still enabling robust development of the energy resource.
The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. On the one hand, OPEC does not see oilprices returning to triple-digit territory within the next 25 years, a strikingly bearish conclusion. mb/d for 2035 to 2040.
KPMG developed 3 nexuses linked by climatechange to represent the challenges of sustainable growth. The report calculated that if companies had to pay for the full environmental costs of their production, they would lose 41 cents for every US$1 in earnings on average. Source: KPMG. Click to enlarge. Source: KPMG.
With prices expected to increase in the long term, however, the world oilprice in real 2011 dollars reaches $106 per barrel in 2020 and $163 per barrel in 2040, according to IEO2013. To satisfy the increase in world liquids demand in the Reference case, liquids production increases by 28.3 million barrels per day.
In the paper, the researchers link econometric models of the production profitability of 1,933 global oilfields (representing about 90% of the world’s supply in 2015) with their production carbon intensity, a measure of the amount of carbon emitted per unit of energy (or barrel of oil) produced. —Mohammad Masnadi.
High oilprices, persistent differences in gas and electricity prices between regions and rising energy import bills in many countries focus attention on the relationship between energy and the broader economy. Contributions to global oilproduction growth. Technology and oil. Source: IEA. Click to enlarge.
A number of factors are pushing Saudi Arabia to raise its crude-oilproduction capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy.
The brief concentrates on six topics: climatechange policy, carbon capture and storage policy, oil security policy, energy-technology innovation policy, electricity market structure, and infrastructure policy. Climatechange policy. Oil security policy. Acting in Time on Energy Policy”.
With around half of global oil demand dependent on the internal combustion engine, radical technology change in the automotive sector, an area in which Ricardo possesses significant expertise, will be of particular significance. The study to be carried out by Ricardo Strategic Consulting and Kevin J.
According to a new report from Pike Research, the increased production and consumption of biofuels will more than double the industry’s market value in the next decade. Pike projects that by 2021, the production of biofuels derived from a range of feedstocks will reach 65.7 Pike expects ethanol production to maintain its.
Ceres is a national network of investors, environmental organizations and other public interest groups working with companies and investors to address sustainability challenges such as global climatechange. Oil shale production requires 1.5 Earlier post.).
A new study by the French institute Enerdata, commissioned by the European Federation for Transport & Environment (T&E), suggests that the European CO 2 standards for new vehicles due to come into effect in 2012 will lead not only to a European savings on oil (mainly via lower oil import volumes) but also to slightly lower global oilprices.
OPEC’s share of global oilproduction is set to increase to 46%, a position not seen since 1977. At the same time, oil—and gas—import dependency in the US is likely to fall to levels not seen since the 1990s, because of improved fuel efficiency and the increased share of biofuels. mmbpd by 2030 from 1.8
“Debate about the future of oil sands development is so contentious that even the name of the resource is disputed: proponents typically use oil sands while opponents use tar sands. The source material is neither oil nor tar but bitumen, but is most generally described as an example of ultraheavy oil.”.
Production of commercial quantities of HRJ depends on the availability of appropriate feedstocks at competitive prices. Other key findings from the report include: Alternative-fuel production benefits commercial aviation regardless of its use in aviation. Alternative jet fuels will have a limited impact on fuel price volatility.
The NPRA complaint claims that the LCFS violates the Commerce Clause because: It directly regulates interstate and foreign commerce and extraterritorial conduct, including the extraction, production and transport of transportation fuels and fuel feedstocks outside of California. Tags: ClimateChange Fuels Policy. LCFS Complaint.
For example, at peak oilprice in 2008, Indonesia was spending 40% of its budget on transport fuel—more than health, education and infrastructure development combined. ” Some of the main lessons drawn from the report include: Fossil-fuel subsidies absorb serious amounts of money.
World oilprices have fallen sharply from their July 2008 high mark. As the world’s economies recover, higher world oilprices are assumed to return and to persist through 2030. In the IEO2009 reference case, world oilprices rise to $110 per barrel in 2015 (in real 2007 dollars) and $130 per barrel in 2030.
Global CO 2 emissions from fuel use and cement production by region. In addition to high oilprices and the financial crisis, the increased use of new renewable energy sources, such as biofuels for road transport and wind energy for electricity generation, had a noticeable and mitigating impact on CO 2 emissions. Source: PBL.
CO 2 per capita emissions from fossil fuel use and cement production from the top 5 emitting regions. savings stimulated by high oilprices led to a decrease of 3% in CO 2 emissions in the European Union and of 2% in both the United States and Japan. Click to enlarge. Weak economic conditions, a mild winter, and energy.
That’s where government comes in.only the government can help influence [change] by having a price for carbon and technical incentives. ”. Mr. Immelt’s point is that the spike in oilprices to $147/barrel in 2008 is not enough on its own to get automakers to make electric vehicles. This could be another air mail idea.
EIA projects that world oil consumption will grow by 1.5 This growth is the result of an expected recovery in the global economy, with world gross domestic product (GDP, on an oil-weighted basis) assumed to rise by more than 3 percent per year. US crude oilproduction averaged 5.32 per gallon last summer.
Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. But the average oilprice remains high, approaching $120/barrel (in year-2010 dollars) in 2035. Oil and the Transport Sector: Reconfirming the End of Cheap Oil. —WEO 2011. Click to enlarge.
This is even the case under widespread adoption of the most promising technologies for all transportation modes, due primarily to limitations in biofuel production capacity and a lack of technologies that would drastically reduce CO 2 emissions from heavy trucks and intercontinental aviation, they found.
Factors that influenced the overall emissions decrease included record-high oilprices and a decline in economic activity in the second half of the year. Oil-related emissions declined by 6%, accounting for the bulk of overall reduction in energy-related carbon dioxide emissions. Tags: ClimateChange Emissions.
With an estimated 90 billion barrels of oil lying north of the Arctic Circle, the circumpolar north is arguably the last corner of the globe that is still almost entirely unexplored. Oil companies are scratching their heads trying to figure out how to deal with a collapse in oilprices, now below $50 per barrel.
In the wake of rising oilprices, demand for hybrid models has grown rapidly, leading Nissan to reconsider its previous stance of cooperating with Toyota on hybrid developments, the sources said. H ere is another very encouraging development Nissan to end Toyota hybrid tie-up The Yomiuri Shimbun N issan Motor Co. sources said Friday.
forecasts of population and gross state product, combined. petroleum products, which fall from 45% to 15%. reduction in fuel costs even with electricity prices doubled. and oilprices at $100/barrel, as well as shifting cash flows. away from foreign oil imports toward domestic purchases of. 875 Mt CO 2 e.
LNG as fuel eliminates SO x emissions, significantly reduces NO x and particulate matter, and also reduces GHG emissions—although not to the levels that would be required for addressing climatechange. Biofuels derived from waste have many benefits, but securing the necessary production volume is a challenge.
It allows supplier and manufacturer cost reduction through multiple product generation. Given high initial costs, volatile oilprices, improving competition, an industry in poor financial shape and consumers who aren’t perfectly rational.who actually are quite risk averse.advanced technology may be a hard sell. Ken Kurani.
In contrast to arguments that peak conventional oilproduction 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. Emissions Forecasts Fuels Oil'
Although biofuels have other economic or security advantages, DOE understands that any drop-in liquid fuel will not insulate consumers from the global oilprice. Yet, reliance on oil is the greatest immediate threat to US economic and national security, and also contributes to the long-term threat of climatechange.
“When it comes to mass production of hybrids, the main hurdle has been a shortage of batteries,&# said Yoshihiko Tabei, chief analyst at Kazaka Securities. “When it comes to mass production of hybrids, the main hurdle has been a shortage of batteries,&# said Yoshihiko Tabei, chief analyst at Kazaka Securities.
which makes Panasonic products, will begin producing lithium-ion batteries next year and move into full-scale production in 2010, Toyota said. Event Summary Oilprices are at record highs. Plug-in electric vehicles have the potential to significantly reduce the United States’ dependence on oil.
From The Seattle Times : Now oil companies are choosing to pass on the compliance fees, the experts say. Those costs add up to about 50 cents per gallon for the consumer, according to the OilPrice Information Service, a Dow Jones company that collects fuel-pricing information for many clients, including AAA.
The document is a detailed draft technical review of potential environmental impacts associated with the segment of the pipeline in the US, including: impacts from construction, impacts from potential spills, impacts related to climatechange, and economic impacts. What Keystone XL would carry. Earlier post.)
REDDIT STUMBLE UPON MYSPACE MIXX IT Paste this link into your favorite RSS desktop reader See all CNNMoney.com RSS FEEDS ( close ) By Andy Grove April 17, 2009: 9:30 AM ET The great electric car race High oilprices, green regs, and better batteries are behind the mad dash to create the ultimate electric automobile. rivals in the dust.
Stock-exchanged listed companies will need to address the will of their shareholders, especially with regards to climatechange policies or decarbonization of the economy. After decades of having focused on creating maximum shareholder returns, things have changed dramatically, but maybe not for the better.
Notable changes since the prior Draft Supplemental Environmental Impact Statement include an expanded analysis of potential oil releases; an expanded climatechange analysis; an updated oil market analysis incorporating new economic modeling; and an expanded analysis of rail transport. million bpd in 2010 to 6.5
While US automakers are working on PEVs, the US electric vehicle industry lags behind other regions—particularly Asia—in the areas of battery manufacturing, supply chain development, and raw materials production. Automakers could ramp up PEV production if consumer demand proves to be larger than expected. Market Drivers.
This is a company that has already invented new processes (the way it makes batteries) and products (the battery in its electric car) and it is focused on innovation. The Shenzhen manufacturing region, where the company is headquartered, is known for cheap unskilled labor, but BYD’s competitive advantage derives from its cheap skilled labor.
Cleantech Blog Cleantechblog.com, the premier cleantech site for commentary on news and technology relating to clean tech, greentech, energy, climatechange and carbon, and the environment. Ontological Shock An Open Letter to Fred Krupp Report from GridEcon Conference SGS ClimateChange Head on the First Carbon Credit.
& Over the past week, countless media outlets published stories about how oil refineries have had to scale back production targets to contend with exceedingly high temperatures. But is this really the keystone issue for why you’re once again contending with undesirable fuel prices?& per gallon.
And, as we know from the most basic understanding of economics, adding more demand means prices will go up, not down. Reducing demand for a product in fact forces prices down, and EVs are already displacing oil demand which depresses oilprices. But all of these harms will happen to real people.
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