Future, Gas, Information and Oil Prices

EIA: International demand will drive US production of petroleum and other liquids through 2050

Green Car Congress

APRIL 5, 2023

Strong continuing international demand for petroleum and other liquids will sustain US production above 2022 levels through 2050, according to most of the cases in the US Energy Information Administration’s (EIA’s) Annual Energy Outlook 2023 (AEO2023). These cases include: The Reference case, which serves as a baseline, or benchmark, case.

International

International Oil Prices Production Oil

EIA: high prices for natural gas this winter as global consumption remains high and inventories low

Green Car Congress

SEPTEMBER 8, 2022

The US Energy Information Administration (EIA) expects higher-than-average natural gas prices globally as demand remains high this winter in the United States, Europe, and Asia, and inventories remain low. That price will be the highest inflation-adjusted monthly average price since 2008.

Gas

Gas Price Global Gas-Electric

IHS Markit: conventional oil & gas discoveries at lowest levels in 70 years; major rebound unlikely

Green Car Congress

OCTOBER 2, 2019

Conventional oil and gas discoveries during the past three years are at the lowest levels in seven decades and a significant rebound is not expected, according to a new report by global business information provider IHS Markit.

Oil

Oil Gas Oil Prices Water

EIA projects increases in global energy consumption and emissions through 2050

Green Car Congress

OCTOBER 7, 2021

The US Energy Information Administration (EIA) projects that, absent significant changes in policy or technology, world energy consumption will grow by nearly 50% between 2020 and 2050. Oil and natural gas production will continue to grow, mainly to support increasing energy consumption in developing Asian economies.

Global

Global Emissions Energy Asia

Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

Green Car Congress

JUNE 23, 2011

Chevron, already the largest thermal heavy oil producer, is optimizing thermal production in heavy oil fields by leveraging information technology to improve the percentage recovery as well as the economics. the steam required, represented by barrels of water, to produce one barrel of oil) from a peak of almost 8.5

Chevron

Chevron Oil Oil-Sands Production

Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

APRIL 10, 2015

Iran is all set to pump close to 300 million barrels of crude into the market, thereby kickstarting another potential decline in oil prices. Containing some of the largest proven oil and gas reserves in the world, Venezuela is one of the founding members of OPEC. The current oil price levels are nowhere near this.

Saudi Arabia

Saudi Arabia Venezuela Iran Nigeria

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

Green Car Congress

JULY 25, 2013

The US Energy Information Administration’s (EIA’s) International Energy Outlook 2013 (IEO2013) projects that world energy consumption will grow by 56% between 2010 and 2040, from 524 quadrillion British thermal units (Btu) to 820 quadrillion Btu. World energy consumption by fuel type, 2010-2040. Source: IEO2013. Click to enlarge.

2010

2010 Transportation Fuel Energy

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

Green Car Congress

APRIL 14, 2015

The Annual Energy Outlook 2015 (AEO2015) released today by the US Energy Information Administration (EIA) projects that US energy imports and exports will come into balance—a first since the 1950s—because of continued oil and natural gas production growth and slow growth in energy demand. With greater U.S.

2020

2020 Energy Transportation Oil Prices

IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

Green Car Congress

APRIL 23, 2018

Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. Source: IHS Markit 2018.

Oil

Oil Global 2003 2007

EIA projects world energy use to increase 53% by 2035; oil sands/bitumen and biofuels account for 70% of the increase in unconventional liquid fuels

Green Car Congress

SEPTEMBER 20, 2011

Worldwide energy consumption will grow by 53% between 2008 and 2035 with much of the increase driven by strong economic growth in the developing nations, especially China and India, according to the reference case in the newly released International Energy Outlook 2011 (IEO2011) from the US Energy Information Administration (EIA).

Oil-Sands

Oil-Sands Oil 2008 Oil Prices

Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

OCTOBER 6, 2015

Putin has highlighted on various occasions the contribution Russia’s mineral wealth, in particular oil and natural gas, must make for Russia to be able to sustain economic growth, promote industrial development, catch up with the developed economies, and modernize Russia’s military and military industry. percent of GDP in 2014.

Russia

Russia Saudi Arabia Iran Iraq

AECOM study finds EV adoption in Victoria can offer significant economic benefits by late 2020s; PHEVs initially lead uptake

Green Car Congress

JULY 12, 2011

The EVT will collect real-world information on the use of electric vehicles in Victorian conditions, including information on the market for electric vehicles, both initially and as it matures; impacts of the use of electric vehicles on driver behavior, recharging, vehicle performance and efficiency; and. This is primarily due to.

PHEV

PHEV Oil Prices Australia Price

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

Green Car Congress

DECEMBER 5, 2012

The US Energy Information Administration released its Annual Energy Outlook 2013 (AEO2013) Reference case (the Early Release ), which highlights a growth in total US energy production that exceeds growth in total US energy consumption through 2040. The United States becomes a net exporter of natural gas earlier than estimated a year ago.

Fuel

Fuel Energy Sale 2013

Increase in US rig count will not cap oil prices

Green Car Congress

JUNE 23, 2016

The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.

Oil Prices

Oil Prices Oil Price Oil-Sands

A Look at EV Charging Pricing Policy and Why It Matters

EV Connect

JULY 5, 2022

For many drivers there is a basic understanding of how traditional gasoline pricing functions: Oil prices based on availability and proximity in large part dictate how much a driver will pay at the pump. Pricing at a Glance Charging up your electric car at home sets a pricing baseline.

Price

Price Charging Gasoline-Electric Gas-Electric

IHS Markit research estimates 60B to 70B barrels remain in Permian basin; headed for a second peak

Green Car Congress

SEPTEMBER 26, 2017

When a geologist looks for new oil reserves, we typically go back to geologic targets where we know oil was targeted and produced previously, and in a well file, we call those targets the producing or completion formations. —John Roberts, executive director, global subsurface content operations at IHS Markit.

Oil

Oil New Mexico Oil Prices Production

EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

Green Car Congress

JANUARY 23, 2012

EIA’s AEO2012 projects a continued decline in US imports of liquid fuels due to increased production of gas liquids and biofuels and greater fuel efficiency. The US Energy Information Administration (EIA) released its Reference case projections for US energy markets through 2035. Source: EIA. Click to enlarge.

Oil

Oil 2005 Production 2010

The Real Reason for USA based Economic Recessions.

DIY Electric Car

NOVEMBER 28, 2010

There have been 5 recession since then until now and I wanted to see if Oil had anything to do with them, because deep in my heart, I knew the most recent recession was directly caused by the oil price spikes that started in 2007 and peaked in 2008. For more information about the concept of Peak Oil please visit [link].

USA

USA Oil Prices Oil 2007

DNV GL paper suggests near-term success for LNG in shipping; alternative fuel mix to diversify over time

Green Car Congress

JANUARY 29, 2014

DNV GL has released a position paper on the future alternative fuel mix for global shipping. 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. Engine concepts include gas-only engines; dual fuel 4-stroke; and 2-stoke. Source: DNV GL.

Alternative Fuels

Alternative Fuels Fuel Gas-Electric Mariner

Stanford, UC Santa Cruz study explores ramifications of demand-driven peak to conventional oil

Green Car Congress

JULY 2, 2013

In contrast to arguments that peak conventional oil production is imminent due to physical resource scarcity, a team from Stanford University and UC Santa Cruz has examined the alternative possibility of reduced oil use due to improved efficiency and oil substitution. —Brandt et al. Historical scenario. (A)

Oil

Oil Oil-Sands Fuel Economy Transportation

GAO Report Concludes Industry and Government Face Significant Challenges in Meeting RFS Target While Minimizing Unintended Adverse Effects; Suggests Federal Research Give Priority to Non-Ethanol Biofuels

Green Car Congress

OCTOBER 5, 2009

The GAO report examined, among other things, (1) the effects of increased biofuels production on US agriculture, environment, and greenhouse gas emissions; (2) federal support for domestic biofuels production; and (3) key challenges in meeting the RFS. However, future movement toward cellulosic feedstocks could reduce some of these effects.

Tax Credit

Tax Credit Industry Industrial Tax

MITEI releases report on Electrification of the Transportation System

Green Car Congress

JANUARY 13, 2011

The MIT Energy Initiative (MITEI) has released a report on the proceedings—and papers that informed those proceedings—of the 8 April 2010 symposium on The Electrification of the Transportation System: Issues and Opportunities. The symposium was sponsored by the MIT Energy Initiative, together with Ormat, Hess, Cummins and Entergy.

Transportation

Transportation MIT Oil Prices Oil

State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

Green Car Congress

MARCH 2, 2013

The DOS SEIS accordingly takes a detailed look at life-cycle greenhouse gas emissions of petroleum products from Western Canadian Sedimentary Basin (WCSB) oil sands crudes compared with reference crudes and the potential impact the pipeline might have on climate change as well as on the future development of the oils sands resource in Canada.

Climate Change

Climate Change Oil-Sands Nebraska Climate

Inaugural Quadrennial Technology Review report concludes DOE is underinvested in transport; greatest efforts to go to electrification

Green Car Congress

SEPTEMBER 28, 2011

It states that the Department’s role as a source of information and as a convener of interested parties, two functions that are often underestimated, are unique and indispensable in advancing energy technologies. Impartial DOE research can help inform these standards. Report on the First Quadrennial Technology Review.

Transportation

Transportation Fuel Economy Light Fuel

EIA projects world liquid fuels use to rise 38% by 2040, driven by growth in Asia and Middle East; transportation 92% of demand

Green Car Congress

SEPTEMBER 10, 2014

World petroleum and other liquid fuels consumption will increase 38% by 2040, spurred by increased demand in the developing Asia and Middle East, according to the Reference Case projections in International Energy Outlook 2014 ( IEO2014 ), released by the US Energy Information Administration (EIA). oil sands, either diluted or upgraded).

Asia

Asia Transportation Oil-Sands Oil Prices

Study Finds EVs Economically and Financially Viable in New South Wales, Australia Market Today

Green Car Congress

JANUARY 18, 2010

The total cost of ownership includes the vehicle price, annual fuel and maintenance costs and insurance. Future costs have been discounted at 7%. The move towards a plug-in electric vehicle market also generates large savings in greenhouse gas and air pollution emissions. Source: AECOM. Click to enlarge.

Australia

Australia Market Plug-in Plug

Toyota digs for Lithium

Revenge of the Electric Car

JANUARY 20, 2010

For more information read: Toyota in Argentine Lithium Deal for Hybrid Car Push. Toyota uses nickel-metal-hydride batteries for the current Prius hybrid but has decided on lithium-ion batteries for future plug-in models. By Eriko Amaha for Reuters.

Toyota

Toyota Argentina Nickel Metal Hydride Lithium Ion

Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

Green Car Congress

FEBRUARY 4, 2011

However, consumer demand for PEVs is quite uncertain and, barring another global spike in oil prices, may be limited to a minor percentage of new vehicle purchasers (e.g., A federally supported, national PEV demonstration program should be implemented to help overcome the information barriers faced by the PEV industry today.

Plug-in

Plug-in 2015 Plug Recharge

GSI/UNEP conference report finds fossil-fuel subsidy reform complex and challenges sobering; ~1% of global GDP spent on fossil-fuel subsidies

Green Car Congress

JANUARY 23, 2011

For example, at peak oil price in 2008, Indonesia was spending 40% of its budget on transport fuel—more than health, education and infrastructure development combined. Governments and organizations need to cooperate, share information and build coalitions.

Fuel

Fuel Global 2008 International

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

APRIL 16, 2009

Find investors, resumes, and free research Get Cleantech Blog in your email Enter your email address: Subscribe in a reader Join us on Linked In Follow us on Twitter Join us on Facebook GHGBlog.com - The Greenhouse Gas Blog Loading. In the future, utilities will pay you to plug-in your vehicle. 2) Chevy Volt (2) China (2) ECOD3.SA

Grid

Grid Electric Vehicles Vehicles Oil-Sands

EV Driven

EIA: International demand will drive US production of petroleum and other liquids through 2050

EIA: high prices for natural gas this winter as global consumption remains high and inventories low

IHS Markit: conventional oil & gas discoveries at lowest levels in 70 years; major rebound unlikely

EIA projects increases in global energy consumption and emissions through 2050

Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

Opinion: How Much Longer Can OPEC Hold Out?

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

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

EIA projects world energy use to increase 53% by 2035; oil sands/bitumen and biofuels account for 70% of the increase in unconventional liquid fuels

Opinion: Is Russia Plotting To Bring Down OPEC?

AECOM study finds EV adoption in Victoria can offer significant economic benefits by late 2020s; PHEVs initially lead uptake

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

Increase in US rig count will not cap oil prices

A Look at EV Charging Pricing Policy and Why It Matters

IHS Markit research estimates 60B to 70B barrels remain in Permian basin; headed for a second peak

EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

The Real Reason for USA based Economic Recessions.

DNV GL paper suggests near-term success for LNG in shipping; alternative fuel mix to diversify over time

Stanford, UC Santa Cruz study explores ramifications of demand-driven peak to conventional oil

GAO Report Concludes Industry and Government Face Significant Challenges in Meeting RFS Target While Minimizing Unintended Adverse Effects; Suggests Federal Research Give Priority to Non-Ethanol Biofuels

MITEI releases report on Electrification of the Transportation System

State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

Inaugural Quadrennial Technology Review report concludes DOE is underinvested in transport; greatest efforts to go to electrification

EIA projects world liquid fuels use to rise 38% by 2040, driven by growth in Asia and Middle East; transportation 92% of demand

Study Finds EVs Economically and Financially Viable in New South Wales, Australia Market Today

Toyota digs for Lithium

Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

GSI/UNEP conference report finds fossil-fuel subsidy reform complex and challenges sobering; ~1% of global GDP spent on fossil-fuel subsidies

Cleantech Blog: Smart Grids and Electric Vehicles

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