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

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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). in the United States this summer (June–August) compared with the summer of 2021. —EIA Administrator Joe DeCarolis. and by 1.5%

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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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EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

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The US Energy Information Administration (EIA) forecasts an increase in demand for petroleum products during the 2021 summer driving season as the impacts of COVID-19 diminish in the United States. EIA expects the retail price of regular-grade gasoline in the United States will average $2.78 gal last summer.

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

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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

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IEA: global energy efficiency progress drops to slowest rate since start of decade

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in 2018, driven in large part by the People’s Republic of China, India and the United States, which were responsible for 70% of demand growth. In the United States, primary demand increased for the first time since 2014. In the United States, primary intensity worsened for the first time in more than 25 years.

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EIA: world energy consumption to grow 56% 2010-2040, CO2 up 46%; use of liquid fuels in transportation up 38%

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With prices expected to increase in the long term, however, the world oil price in real 2011 dollars reaches $106 per barrel in 2020 and $163 per barrel in 2040, according to IEO2013. The largest components of future non-petroleum liquid fuels production are biofuels in Brazil and the United States, at 0.7

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EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

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Similar to how ethanol is currently blended into motor gasoline in the United States, methanol is blended into gasoline in China. About two-thirds of China’s methanol feedstock is produced from coal and the remainder from coking gas (a by-product of steel production) and natural gas.

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