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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

Green Car Congress

EIA expects crude oil prices to decrease through 2023 and 2024, even as petroleum consumption increases, largely because growth in crude oil production in the United States and abroad will continue to increase over the next two years. Areas of uncertainty include Russian oil supply and OPEC production.

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IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

Green Car Congress

The WEO finds that the extraordinary growth in oil and natural gas output in the United States will mean a sea-change in global energy flows. barely rises in OECD countries, although there is a pronounced shift away from oil, coal (and, in some countries, nuclear) towards natural gas and renewables. Oil demand reaches 99.7

Global 225
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The Dirty Truth of Petrol & Diesel Vehicles

Plug In India

Diesel or petrol starts as oil, on average 1,798 meters below the surface of the earth. A great deal of oil is extracted using what is called a pumpjack. The electricity usage for the 1,42,054 onshore wells that supply oil to India is over 1,415 GWh a month! That's just oil wells on land. What about deep sea drilling?

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INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

Green Car Congress

Ichthys will develop approximately 3 billion barrels oil equivalent of reserves, including around 500 million barrels of condensate. First production is expected at the end of 2016. In addition to its LNG production, the Ichthys project is expected to generate 1.6 The entire annual production of LNG from the Ichthys project (8.4

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Naysayer Alert – the hydrogen red herring

My Electric Car

The energy stored within hydrogen has been imparted from electrical energy through the electrolytic hydrogen production process or more likely in the refinement of fossil fuels such as coal seam (methane) gas – both are energy intensive processes in themselves. . The reasons are numerous. .

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War in Ukraine: We Need to Talk About Fossil Fuels

Cars That Think

Russia is the world’s second largest producer of crude oil, behind the United States and ahead of Saudi Arabia, and its second largest exporter, behind Saudi Arabia. On 28 February, British Petroleum announced it would divest itself of its nearly 20 percent share of Rosneft , Russia’s state oil company. Consumption of E.U.-produced

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Inside the Global Race to Tap Potent Offshore Wind

Cars That Think

If governments provide consistent, long-term subsidies, industry standardization and mass production will deliver the gigawatts, Smith says. “We Equinor used the same design for an 88-MW, 11-turbine array —the world’s largest, though probably not for long—completed this year in Norway. whose platforms support the 190-meter-high, 9.5-MW

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