Future, Information, International 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). Eventually this trend becomes unprofitable, at which point new drilling stops.

International

International Oil Prices Production Oil

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. The four side cases show the effects of changing key model assumptions about economic growth and world oil price.

Global

Global Emissions Energy Asia

Is A Second OPEC Cut In The Cards?

Green Car Congress

MARCH 8, 2017

OPEC’s coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above US$50 since the deal was announced at the end of November last year. Analysts and experts are now mostly predicting that oil prices will remain below US$60 this year.

Oil Prices

Oil Prices Saudi Arabia Oil Price

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. —Keith King, senior advisor at IHS Markit and a lead author of the IHS Markit E&P trends analysis.

Oil

Oil Gas Oil Prices Water

IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

Green Car Congress

MARCH 27, 2020

MMb/d, according to the US Energy Information Administration (EIA). EVs also face another headwind with the low price of oil prices, making them less competitive in terms of fuel cost savings vis-à-vis their internal combustion engine counterparts. A faltering global auto market will have a big hit on sales of EVs.

Gasoline

Gasoline 2020 2008 Gasoline-Electric

Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

APRIL 10, 2015

OPEC (Organization of the Petroleum Exporting Countries) has been the most talked about international organization among investors, analysts and international political lobbies in the last few months. Containing some of the largest proven oil and gas reserves in the world, Venezuela is one of the founding members of OPEC.

Saudi Arabia

Saudi Arabia Venezuela Iran Nigeria

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. Using thermal recovery processes in heavy oil reservoirs depends largely on. Oil production. 75,000 bpd.

Chevron

Chevron Oil Oil-Sands Production

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

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.

2010

2010 Transportation Fuel Energy

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

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. Scenario 1. address.

PHEV

PHEV Oil Prices Australia Price

New UC Davis market-based sustainability forecasting approach concludes supplanting gasoline and diesel with renewable fuels could take 131 years

Green Car Congress

NOVEMBER 9, 2010

We would expect that new reserves of conventional and unconventional oil may become available for exploration due to geological exploration and advances in oil extraction techniques or that extraction from less feasible oil fields becomes more economically attractive. All of these factors would change our predicted outcome.

Davis

Davis Renewable Gasoline Diesel

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

Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

OCTOBER 6, 2015

The Saudi decision to let the market set prices and to pursue market share, has led to steep declines in crude and petroleum product prices. The decision also has impacted natural gas export prices negatively, since, for Russia's long-term supply agreements, they wholly or partially are indexed to oil prices.

Russia

Russia Saudi Arabia Iran Iraq

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. Biofuels grow at a slower rate due to lower crude oil prices and.

Fuel

Fuel Energy Sale 2013

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.

Oil

Oil Oil-Sands Fuel Economy Transportation

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

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

For example, while increasing demand for corn for ethanol contributed to higher corn prices, thereby providing economic incentive for some corn producers, they also increased feed costs for livestock producers. However, future movement toward cellulosic feedstocks could reduce some of these effects. Department or Agency-level) action.

Tax Credit

Tax Credit Industry Industrial Tax

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. Alternative hydrocarbon fuels.

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).

Asia

Asia Transportation Oil-Sands Oil Prices

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

At a media dinner at the North American International Auto Show in Detroit last month, Ford Motor Executive Chairman Bill Ford made some observations on the prospects for electric vehicles: “ Here we are today now, embarking upon something which is very different for our industry. International Collaboration.

Plug-in

Plug-in 2015 Plug Recharge

Intel Founder: Look to Silicon Valley for Electric Car Development - GoodCleanTech

Tony Karrer Delicious EVdriven

APRIL 22, 2009

In a guest editorial in Fortune , Grove writes that just as how power and efficiency of the internal-combustion engine were at the coreof the development of the automobile, batteries willbe a competitive advantage for the automakers of the future. automakers. Intelligent, thoughtful comments and questions are appreciated.

Davis

Davis Electric Cars 2009 Cars

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

Following that announcement, G-20 Leaders agreed to national plans to implement subsidy reform (June 2010) and have asked international organizations to review and assess members’ progress against their commitments (November 2010), according to the conference report. Recent international political developments.

Fuel

Fuel Global 2008 International

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

APRIL 16, 2009

In the future, utilities will pay you to plug-in your vehicle. For the future, Renault is working on development of exchangeable batteries for continuous mobility. BIOconversion Blog Join ACOREs Biomass Coordinating Council Clean Energy Future by Arno Harris Solar Opportunities for Growth in a Downturn Alternative. SZ (1) 6753.T

Grid

Grid Electric Vehicles Vehicles Oil-Sands

EV Driven

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

EIA projects increases in global energy consumption and emissions through 2050

Is A Second OPEC Cut In The Cards?

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

IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

Opinion: How Much Longer Can OPEC Hold Out?

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

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

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

Increase in US rig count will not cap oil prices

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

New UC Davis market-based sustainability forecasting approach concludes supplanting gasoline and diesel with renewable fuels could take 131 years

MITEI releases report on Electrification of the Transportation System

Opinion: Is Russia Plotting To Bring Down OPEC?

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

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

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

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

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

Toyota digs for Lithium

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

Intel Founder: Look to Silicon Valley for Electric Car Development - GoodCleanTech

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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