article thumbnail

EIA forecasts US fossil fuel production to reach new highs in 2023

Green Car Congress

After declining in 2020, the combined production of US fossil fuels (including natural gas, crude oil, and coal) increased by 2% in 2021 to 77.14 Crude oil accounted for 30%, coal for 15%, and natural gas plant liquids (NGPLs) for 9%. In 2020, US coal production had fallen to its lowest level since 1964.

Coal 448
article thumbnail

BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

Green Car Congress

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

EIA expects increased US crude oil production, with continued high petroleum prices in 2022

Green Car Congress

Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). US coal production will total 598 million short tons in 2022, which is a 3% increase from 2021.

Oil 344
article thumbnail

Rhodium Group estimates US GHG emissions rose 1.3% in 2022

Green Car Congress

Despite efforts to continue stimulating the US economy in the wake of the pandemic, high inflation put a damper on economic growth, which was exacerbated by a spike in oil prices as a result of Russia’s invasion of Ukraine. Consequently, the US economy grew 1.9% in 2022, down from a 5.7% GDP increase in 2021.

Emissions 273
article thumbnail

CSIRO and partners to test Direct Injection Carbon Engine to reduce brown coal emissions by up to 50%

Green Car Congress

DICE involves converting coal or biomass into a water-based slurry (called micronised refined carbon, MRC) that is directly injected into a large, specially adapted diesel engine. CSIRO is excited about the potential for DICE to lower power costs, halve carbon dioxide intensity and create a new export market for both brown and black coal.

Coal 257
article thumbnail

BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

Green Car Congress

Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% Brent oil prices were on average 40% higher than 2010 and exceeded $100 a barrel for the first time ever; at $111.26/bbl,

Coal 261
article thumbnail

Updated NETL study provides more detailed economic and environmental assessment of coal-to-liquids and CTL with modest biomass

Green Car Congress

The National Energy Technology Laboratory (NETL) has released a follow-on study to its 2009 evaluation of the economic and environmental performance of Coal-to-Liquids (CTL) and CTL with modest amounts of biomass mixed in (15% by weight) for the production of zero-sulfure diesel fuel. This equates to diesel prices in the range of $2.70

Coal 225