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Upstream spending is back to pre-2008 levels as producers, excluding NOCs (national oil companies) and OPEC organizations, are expected to spend close to $270 billion in 2013. The blossoming tight oil sector in the US has reignited talks of energy independence, but growing investment in offshore drilling is opening foreign reserves.
The results of a new, comprehensive modeling study characterizing light-duty electric drive vehicle (EDV) deployment in the US over 108 discrete scenarios do not demonstrate a clear and consistent trend toward lower system-wide emissions of CO 2 , SO 2 , and NO x as EDV deployment increases. The CO 2 cap results in marginal CO 2 prices of 37?125
Although co-production plants are much more costly than liquids-only configurations in terms of capital cost, Hari Mantripragadaa1 and Edward Rubin found, because of the high electricity revenues the cost of liquid product is lower than that of the liquids-only case, at market prices of electricity. Click to enlarge.
The expected influx of large amounts of alcohol-based fuels and fuels derived from unconventional petroleum over the next decade may cause long-term world oilprices to be between 5 and 12% lower than they would be in the absence of those fuels. Adverse effects of ULS jet fuel would include higher fuel prices (by about $0.05
In a new study, KPMG International has identified 10 “megaforces” that will significantly affect corporate growth globally over the next two decades. Total environmental cost 2010 vs growth in environmental cost since 2002 vs environmental intensity improvement. Source: KPMG. Click to enlarge. Source: KPMG. Click to enlarge.
His paper, Kreutz noted, is only a preliminary scoping study designed to sketch out the rough outlines of each system’s prospective performance and economics as related primarily to GHG. Over time, however, as the CO 2 price increases, it eventually becomes more economical to either retrofit plants to capture and store most of.
Institute of International Studies, University of. requirements and costs; behavior change in their model is. Among the other major findings of the study are: Three major energy system transformations were necessary to. essential for reducing the cost of electrification, by raising. Laboratory. efficiency. appliances.
The study found that for small and medium passenger vehicles, expected lifetime cost per kilometer for EVs is already lower than that of conventional ICE. The total cost of ownership includes the vehicle price, annual fuel and maintenance costs and insurance. Future costs have been discounted at 7%.
The study, in press in the Journal of Power Sources , examines the efficiency and costs of current and future EVs, as well as their impact on electricity demand and infrastructure for generation and distribution, and thereby on GHG emissions. Derive GHG emissions and costs of charging of EVs in the 2015 Dutch context and.
The study, said Robert Carling, Director, Transportation Energy Center at Sandia, represents the first true value-chain approach to assessing the feasibility, implications, limitations, and enablers of large-scale production of biofuels in the United States. In the study, conversion technologies are linked with specific feedstocks.
The price disparity between crude oil and other resources, coupled with the emergence of cheap and abundant shale gas, especially in the United States, is opening up opportunities to produce cheaper gasoline, according to a new report from Lux Research.
The break-even crude oilprice for a delivered biomass cost of $94/metric ton when hydrogen is derived from coal, natural gas or nuclear energy ranges from $103 to $116/bbl for no carbon tax and even lower ($99–$111/bbl) for the carbon tax scenarios. Their analysis is published in the journal Biomass Conversion and Biorefinery.
There is significant potential for the expansion of bio-based automotive parts and components manufacturing in the US Great Lakes region, according to a newly-released study conducted by the Center for Automotive Research (CAR), a nonprofit research organization based in Ann Arbor, Michigan. Challenges with bio-based plastics.
The analysis is based on central forecasts of oilprice, electricity. price and carbon pollution reduction scheme (CPRS)/carbon tax policy, and known information about the historic drivers for consumers in the vehicle. However, as EV and PHEV prices gradually reach. operating cost savings increase. Between 2025.
A new study by Bloomberg New Energy Finance (BNEF) forecasts that sales of electric vehicles will hit 41 million by 2040, representing 35% of new light duty vehicle sales worldwide. We expect EV battery costs to be well below $120 per kWh by 2030, and to fall further after that as new chemistries come in. Although some 1.3
The Pacific Northwest has the diverse feedstocks, fuel-delivery infrastructure and political will needed to create a viable biofuels industry capable of reducing greenhouse gases and meeting the future fuel demands of the aviation industry, according to a newly-released study by Sustainable Aviation Fuels Northwest (SAFN). renewable diesel.
In two other scenarios considered, a high oilprice scenario (using EIA projections) and a battery swap operator-subsidzied scenario, EV new vehicle sales penetration reaches 85% and 86% respectively by 2030. The high rate of adoption is driven by the low purchase price and operating costs of electric cars with switchable batteries.
The RBAEF project, which was launched in 2003, is the most comprehensive study of the performance and cost of mature technologies for producing energy from biomass to date. In addressing these issues, the study has focused on future, mature technologies rather than today’s technology. Require modest volumes of process water.
The report comes as oil majors like ExxonMobil, Chevron and Shell, and other companies, are developing at least a couple dozen oil shale and CTL projects, including 12 CTL facilities projected to produce 170 million barrels of liquid fuels per year at a cost of $2 billion to $7 billion per plant. Earlier post.).
Background colors of the cells represent the crude oilprice required for economic feasibility. These synthetic fuels are economically competitive with petro-diesel when the crude oilprice (COP) is at or above $86 per barrel (based on a 20% rate of return, in January 2008 dollars, with a carbon price of zero).
With the release, MITEI cautioned that the report is not a study. Electrification will also reduce oil dependence, providing foreign policy benefits and the potential to reduce real oilprices and oilprice volatility. Vehicle technologies. The analogous progression for CO 2 emissions is less clear.
The oilprice shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil. by Brian J.
A key barrier to achieving RFS2 is the high cost of producing biofuels compared to petroleum-based fuels and the large capital investments required to put billions of gallons of production capacity in place. Resolving most of the barriers is necessary to achieving RFS2, and many of them are interrelated as illustrated by the examples below.
Not only that, but costs are on the rise and drillers are pursuing “irrational production.”. shale companies, and found that “despite rising prices most firms under our study are still in losses with no signs of improvement.” Part of the reason for that is rising oilprices, as well as a flattening of the futures curve.
Kazakhstan, rich in natural resources such as oil, gas, and metal, has huge potential for economic development but infrastructure constraints result in significant travel time and cost, and hinder access to foreign markets.
The report, like the prior ICCT studies, uses a frontier model to evaluate and compare fuel efficiency. Key findings of the updated study include: Alaska, Spirit, Frontier, and Southwest Airlines remained the top four most fuel-efficient airlines on US domestic operations in 2014. Hawaiian) represents the average airline in 2014.
Earlier studies show that poplar woodchips are a viable biofuel source, but costs still don’t pencil out, especially since trees are cut just once every 10-plus years. We have the environmental incentives to produce fuels and chemicals from renewable resources, but right now, they aren’t enough to compete with low oilprices.
The study profiled 25 companies that aim to commercialize these technologies in the next five (i.e., Will be competitive at an oilprice of $45 to $90 at their commercial date. As companies try to find the lowest cost option, several different operating models are emerging.
Global Bioenergies has also been selected by a consortium led by large Swedish industrialists, Preem and Sveaskog, to study the potential for converting forestry waste into renewable fuel. These tests were based on wheat straw extracts supplied by Clariant.
This project seeks to develop technologies necessary to lower the cost of roof top solar electric systems to reach grid parity. The goal is to generate solar electricity at a cost comparable to that obtained by the burning of fossil fuels. 2 million for development of flexible photovoltaics.
Individuals who can afford the initial cost of an EV substantially reduce their carbon footprint while enjoying an average of $2,200 annually in fuel and maintenance savings. Furthermore, a study by MIT found that charging stations boosted annual spending at nearby businesses. Time will tell whether this model holds true.
Costs of light-duty plug-in hybrid electric vehicles (PHEVs) are high—largely due to their lithium-ion batteries—and unlikely to drastically decrease in the near future, according to a new report from the National Research Council (NRC). This study was sponsored by the US Department of Energy. Click to enlarge.
Crane also mentioned that one-quarter to one-third of the cost of a battery system is the packaging, integration and electronics. How did the high fuel prices impact customer behavior in 2008? While the numbers will vary depending upon the lithium-ion sub-chemistry, here’s what they have found: Category Contribution to Aging.
DNV GL is studying a number of alternative fuels or energy carriers that are already used or could be potentially used in shipping in the future. Barriers include the increased demand for fuel tanks, leading to a decrease in payload capacity and the relatively high capital cost of the system installation.
A new study sponsored by Indiana University concludes that President Obama’s vision of one million plug-in electric vehicles (PEVs) on US roads by 2015 will require concentrated efforts action from all stakeholders— the auto industry, federal government, the scientific community, and consumers—to be realized.
It’ll be mostly driven by the cost of gas. It also plans an electric-vehicle plant for Europe and is studying a plant for China. Pricing isn’t set. Oil vs. electrons. But Ghosn thinks rising oilprices will tilt the economics in favor of electrons. I’m guessing close to 50/50.
At present, an electric vehicle costs 30% more than an IC engine-powered vehicle with similar specifications. A study conducted by BloombergNEF forecasts that Electric vehicles will be cheaper than gasoline-powered vehicles in Europe. EV specific manufacturing machines and methods are being developed thus reducing the price of the car.
The horizontal red lines show the comparable price of gasoline (before tax, refining margin 0.3 $/gal, exchange rate: 1 € = 1.326 $) with crude oilprices 100 $/bbl and 150 $/bbl. Source: VTT. 0.7 €/liter (app. US$/gallon US), with first-law process efficiency in the range of 49.6–66.7%—depending
A new study by consultancy Roland Berger defines an integrated roadmap for European road transport decarbonization to 2030 and beyond; the current regulatory framework for vehicle emissions, carbon intensity of fuels and use of renewable fuels covers only up to 2020/2021. Roland Berger study. 34 Mton CO 2 e (WTW). can be removed.
This is consistent with previous studies on the impact of the EU fleet target for passenger cars, which suggests that the 95 g/km target in 2020 can be met without the need for plug-in or hydrogen vehicles, the report noted. on batteries and fuel cell costs trends and the costs of vehicle mass reduction. Source: Element Energy.
The WEO analysis includes three global scenarios and multiple case studies: The New Policies Scenario—the central scenario for this WEO—assumes recent government policy commitments will be implemented in a cautious manner, even if they are not yet backed up by firm measures. —WEO 2011. Click to enlarge. Electric vehicles.
A more effective policy would rely on specific taxes and subsidies targeted directly at achieving specific environmental, energy and agricultural policy goals, according to the study. Other findings from the study include: Ethanol policy can have a substantial impact on corn prices.
Per-well oil production at Kern River is low—the average is 8 barrels of oil per well per day—but there are more than 9,000 production wells in operation in the field. Using thermal recovery processes in heavy oil reservoirs depends largely on. The key to a producer is operational efficiency. Sequera and T.C.
High oilprices, a global economic rebound, and new laws and mandates in Argentina, Brazil, Canada, China, and the United States, among other countries, are all factors behind the surge in production, according to research conducted by the Worldwatch Institute’s Climate and Energy Program for the website Vital Signs Online.
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