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The COVID-19 pandemic has significantly affected both consumer and commercial transportation, but global oil demand will probably continue to grow through 2030, according to a new study. In three of the four scenarios, global oil demand continued to grow through 2030. Lines represent global oil demand by study scenario.
In March 2020, the IEA urged governments to put clean energy at the heart of their economic stimulus plans to ensure a sustainable recovery. Most of this—around 1 billion tonnes, which is more than the annual emissions of Japan—was due to lower use of oil for road transport and aviation.
Canadian oil sands & conventional production. Oil sands growth will drive Canadian crude oil production to about 4.7 The forecast sees oil sands production rising from 1.5 Canadian and US crude oil pipelines—all proposals. —Greg Stringham, CAPP vice-president of markets and oil sands.
In the course of their transformation paths towards climate-neutral steel making, thyssenkrupp Steel and HKM will require large and increasing quantities of hydrogen to produce steel without coal. Green hydrogen is a sustainable alternative to coal, oil and natural gas.
The announcement of the new awards comes a day after high-profile solar company Solyndra, which had received a $535-million Federal loan guarantee under the Obama Administration’s stimulus program, ceased operations, laid off its 1,110 workers and filed for bankruptcy. To the first, the answer is a qualified yes.
World crude oil prices more than tripled between 2004 and 2008—the fastest rise since the oil crisis of the late 1970s—contributing to the sharp decline in energy intensity during that period. But after the second half of 2008, when international oil prices dropped 75%, global energy intensity started rising.
The largest one-year emissions drop California has ever achieved was at the height of the Great Recession in 2009, when climate pollution fell 6.1%. The fact is, we’ve never come anywhere near cutting emissions five percent in a single year in a period of economic stability—and yet, in order to meet our climate goal by 2030, we have to.
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 oil production averaged 5.32 million barrels per day (bbl/d) in 2010 and 1.6
between 2017 and 2021, as a combination of higher oil prices, emerging mandate. Multiple aims include the reduction of dependence on imported oil, mitigation of greenhouse gas (GHG) emissions, and driving economic development. The number of off-take agreements with oil and chemical will increase, confirming the trend.
The Paris Agreement reflected an unprecedented international determination to act on climate. To meet the climate goals set in the Paris Agreement and keep the global temperature rise to below 2 degrees, the CO 2 emission intensity of the global economy would need to be reduced by 85% in 35 years. —IRENA Director-General Adnan Z.
Fifty years later, the USA is faced with a similar challenge, energy independency and climatic change. The automotive industry is living proof that private companies will rarely change their behaviors without a significant stimulus to that change, and furthermore one that needs to be mandated. Power plant capital costs. Source: EIA.
Oil and gas : ENI Refining and Marketing, Galp Energia, OMV Refining and Marketing GmbH, Shell Downstream Services International B.V., Non-governmental organizations : European Climate Foundation. Over the next 40 years, the study found, no single powertrain satisfies all key criteria for economics, performance and the environment.
And what’s working for the Greenius and Mrs. Greenius will work for the rest of America, even the little brain people who aren’t sure if climate change is man-made or not and probably even the Stepford brainwashed pod people who think Al Gore is a bad man. The Big Dick Cheney Effect. And that kind of vision makes us powerful.
The economic stimulus package currently before Congress could include incentives for both buyers of electric vehicles and electric vehicle battery manufacturers. Energy security, the politics and marketing of oil and concerns about climate change are creating an unprecedented global push toward electric vehicles.
Some of my friends swear that if you cut me, I’ll bleed gear oil. In the seven counties I have chosen to serve, there are oil fields, windmills, solar farms, and even a hydroelectric dam. Most folks don’t care about air quality, and roll their eyes if you even hint at climate change. In some towns, farm tractors outnumber cars.
from its reliance on imported oil. Tax Credits Instead, Obama backed tax credits of as much as $7,500 inthe stimulus package approved in February for buyers of plug-incars. Oil prices are going to go up. Policy (Update2) Share | Email | Print | A A A By Alan Ohnsman April 27 (Bloomberg) -- Honda Motor Co. ,
The vision is fuelled by the fear of climate change and the need to find green alternatives to dirty coal, unpopular nuclear power and unreliable gas imports from Russia. Oil is the alternative. Are we going to burn more oil, natural gas, or (gasp) coal to produce it? While utilities such as E.ON — Bada Bing 9.
Bob Lutz’s Latest Volt Test Drive Sprinting for Green Stimulus Dollars New Subsidies for Electric Cars in Britain Electric Car Makers: Oregon Wants You G.M. It is also flex so that future biomass fuels such as cellulosic ethanol, methanol can be used (no oil). Learn your facts before you post please. — Volt Enthusiast 7.
Growth in oil use, particularly aviation, and coal use are behind most of the increase in 2022. During the Global Financial Crisis in 2008/9, the COVID19 pandemic, and now the Ukrainian War, economic stimulus packages were meant to put the world on a cleaner and greener path, but this is not at all evident in the CO 2 emissions data.
Dr. Paul addressed a positive change—the days of increasing US oil consumption may be over. “ We reached peak oil consumption in the US in 2008 and the same is true in the EU and Japan. ” M barrels/day of oil within the next 10 years ”. By the time REFF West occurred in October 2008 the climate had changed dramatically.
Electric cars are part of the electrification of the citys transit system -- along with trackless trolleys, streetcars and light rail -- helping lessen dependence on foreign oil and reduce pollution, Mayor Greg Nickels said. Our transportation system today is about 98 and a half percent based on burning fossil fuels."
Moreover, with the massive drop in oil prices , gas-powered vehicles are more economical to operate, which makes it harder to argue that EVs will help drivers save money on fuel. It’s fair to presume that many will be less inclined to adapt to new technology during this time, delaying non-essential investments until the situation stabilizes.
GE: The global stimulus bellwether FORTUNE 500 Current Issue Subscribe to Fortune (Fortune Magazine) -- Warren Buffett is famous for his rules of investing: When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is usually the reputation of the business that remains intact.
Cleantech Blog Cleantechblog.com, the premier cleantech site for commentary on news and technology relating to clean tech, greentech, energy, climate change and carbon, and the environment. Ontological Shock An Open Letter to Fred Krupp Report from GridEcon Conference SGS Climate Change Head on the First Carbon Credit.
House Dems Unveil Climate Plan: Carbon Cuts, National RPS and More $$$ said on March 31st, 2009 at 1:16 pm Without accessories running, the Tesla Roadster consumes 275 Wh/mi of energy from a battery. EV demonstration projects, including charging infrastructure. Want $7K for an Electric Car?
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