Remove Electrical Remove Gas-Electric Remove Oil
article thumbnail

3 Oil Majors That Bet Big On Renewables

Green Car Congress

Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com. 2 Total SA.

Oil 418
article thumbnail

EIA expects continued high prices for diesel and home heating oils

Green Car Congress

The US Energy Information Administration (EIA) expects that low inventories of distillate fuels, which are primarily consumed as diesel fuel and heating oil, will lead to high prices through early 2023. We expect notable decreases in electricity generation from natural gas and coal next year. EIA forecasts Russia will produce 9.3

Oil 334
article thumbnail

DNV forecasts oil demand in transport sector to halve by 2050

Green Car Congress

Electricity is continuing to gain traction in previously thought to be hard-to-electrify sectors including heavy trucking and aviation. Electricity’s share in transport will grow from 1% today to 23% in 2050, according to DNV’s latest Transport in Transition report.

Oil 335
article thumbnail

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

Green Car Congress

The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 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). million barrels per day this year and 12.8

Oil 344
article thumbnail

Carbon emissions from generating electricity for electric vehicles vary greatly across the individual US states

Green Car Congress

by Michael Sivak, Sivak Applied Research The overall advantage of battery electric over gasoline vehicles, in terms of well-to-wheels emissions of greenhouse gases, has been well documented. However, the emissions of electric vehicles depend greatly on the energy source used to generate the electricity that powers them.

article thumbnail

DOE awards $8.4M for accessing geothermal potential from abandoned oil and gas wells

Green Car Congress

million to establish new geothermal energy and heat production from abandoned oil and gas wells. This work also supports the creation of new clean energy jobs, helping transition some of the oil and gas workforce to the production of renewable energy. ICE Thermal Harvesting (Houston, TX). This program is part of the?Wells

Oil 199
article thumbnail

68% of primary energy imports to US in 2018 was crude oil; 48% of US energy exports were petroleum products

Green Car Congress

The majority (69%) of primary energy imported into the United States in 2018 was crude oil, with petroleum products and natural gas also having significant shares, according to the US Energy Information Administration (EIA). Small amounts of biofuels, electricity, and coal were also imported. Coal category includes coal coke.

Oil 269