Green Car Congress

MARCH 10, 2021

The production decline resulted from reduced drilling activity related to low oil prices in 2020. In January 2020, US crude oil production reached a peak of 12.8 In March 2020, crude oil prices decreased because of the sudden drop in petroleum demand that resulted from the global response to the coronavirus (COVID-19) pandemic.

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Oil 2020 North Dakota New Mexico 418

Green Car Congress

MAY 11, 2022

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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Oil Price Production Oil Prices 344

Green Car Congress

NOVEMBER 4, 2019

Energy efficiency has tremendous potential to boost economic growth and avoid greenhouse gas emissions, but the global rate of progress is slowing, according to a new report by the International Energy Agency. Global primary energy demand rose by 2.3% In the United States, primary demand increased for the first time since 2014.

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Global Energy 2018 Coal 150

Green Car Congress

JANUARY 6, 2022

The world’s two largest economies—the United States and China—are poised to be the world’s top export and import markets for liquefied natural gas (LNG), respectively, in 2022, according to a new report by IHS Markit. Meanwhile, mainland China has already become the top global importer of LNG.

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Qatar China United States Brazil 186

Green Car Congress

MAY 24, 2022

On 16 May 2022, the average US on-highway retail diesel fuel price was $5.61 Although retail diesel prices have increased across the entire United States, prices in the Northeast have increased the most and are now among the highest in the country. On 16 May, the average retail diesel price was $6.43/gal

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Diesel Price California Philadelphia 259

Green Car Congress

DECEMBER 15, 2016

Global Bioenergies is now entering the final phase of demonstrating its technology for converting renewable carbon into hydrocarbons. The first trials on the demo plant in Leuna were successfully completed, within schedule, in the fall of 2016 and Global Bioenergies announced first production of green isobutene via fermentation.

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Global Green Production Convert 150

Green Car Congress

JULY 20, 2012

Global emissions of CO 2 increased by 3% last year, according to the annual report “Trends in global CO 2 emissions”, released by the EC Joint Research Centre (JRC) and the Netherlands Environmental Assessment Agency (PBL). At 3%, the 2011 increase in global CO 2 emissions is above the past decade’s average annual increase of 2.7%.

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2011 Emissions CO2 Global 236

Green Car Congress

SEPTEMBER 20, 2011

Global energy intensity, 1981-2010. Global energy intensity—defined as total energy consumption divided by gross world product—increased 1.35% in 2010, the second year of increases in the context of a broader trend of decline over the last 30 years, according to a new Vital Signs Online article from the Worldwatch Institute.

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2010 Global Energy 2008 246

Green Car Congress

SEPTEMBER 21, 2015

On September 10 th , the EIA reported a production decline in the Lower 48—essentially shale production—of 208,000 BOPD (barrels of oil per day). That is a staggeringly enormous number, approximately 10 percent of the estimated global over-supply. That’s just the United States. It just requires some patience.

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Oil Prices Oil Oil-Sands Price 150

Green Car Congress

FEBRUARY 5, 2014

In a new report, “ Biofuels for Transportation Market s”, Navigant Research forecasts that global demand for biofuels in the road transportation sector will grow from representing almost 6% of the liquid fuels market in 2013 to roughly 8% by 2022. Navigant projects the global biodiesel market will grow from 6.9

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Global Market Fuel Brazil 231

Green Car Congress

MAY 24, 2012

Global CO 2 emissions from fossil-fuel combustion reached a record high of 31.6 Coal accounted for 45% of total energy-related CO 2 emissions in 2011, followed by oil (35%) and natural gas (20%). However, China’s carbon intensity—the amount of CO 2 emitted per unit of GDP—fell by 15% between 2005 and 2011.

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2011 Emissions Global CO2 230

Green Car Congress

NOVEMBER 12, 2012

The global energy map is changing significantly, according to the 2012 edition of the Internal Energy Agency’s (IEA) World Energy Outlook ( WEO-2012 ). The IEA said these changes will recast expectations about the role of different countries, regions and fuels in the global energy system over the coming decades.

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Global 2012 Energy Oil 225

Green Car Congress

NOVEMBER 7, 2019

US shale production—the chief source of rapid growth that made the United States the world’s largest oil producer—is slowing down fast, says a new report by IHS Markit. It all represents the strongest headwinds for shale producers since the oil price collapse in 2015. —Raoul LeBlanc.

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Oil Price Oil Prices Production 170

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.

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Oil Gas Oil Prices Water 199

Green Car Congress

APRIL 7, 2021

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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2019 Fuel Coal 2020 186

Green Car Congress

AUGUST 6, 2015

A flood of bearish news has pushed down oil prices to their lowest levels in months, with WTI nearing $45 per barrel and Brent flirting with sub-$50 territory. With a bear market back, there is pessimism throughout the oil markets. Also, the ban on oil exports kept oil stuck within US borders.

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Oil Prices Oil United States North America 150

Green Car Congress

JANUARY 11, 2023

The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. EIA forecasts that the European benchmark Brent crude oil price will average less than $80 per barrel in 2024, more than 20% lower than in 2022. per gallon in 2024.

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Oil Prices Oil Global Price 210

Green Car Congress

NOVEMBER 13, 2013

However, the report advises, long-term solutions to global challenges remain scarce; as one example, the report sees global CO 2 emissions rising by 20% to 37.2 The shift in global energy demand to Asia gathers speed, but India and countries in Southeast Asia will take the lead in driving consumption higher. Gt by 2035.

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Oil 2013 Energy Emissions 275

Green Car Congress

MAY 13, 2015

The resulting crash in oil prices is forcing some production out of the market, and Saudi Arabia intends for the brunt of that to be borne by others. There is a lag between movements in the oil price and corresponding changes in production. But the effects of the oil price crash are now being felt.

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Saudi Arabia Oil Prices Oil Price 150

Green Car Congress

AUGUST 9, 2023

EIA expects sustained global demand for petroleum products and Saudi Arabia’s extended voluntary production cuts will contribute to oil prices rising through the year. The Brent crude oil price was near $75 per barrel at the beginning of July and increased throughout the month to surpass $86 per barrel on 4 August.

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Oil Oil Prices Global Price 370

Green Car Congress

NOVEMBER 15, 2014

In its latest annual World Energy Outlook , the International Energy Agency (IEA) warned that the current period of oil abundance may be fleeting, and in fact, without heroic levels of production increases, oil markets will grow dangerously tight in the coming years. Since then, Iraq has been plunged back into a state of war.

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Oil Iraq Oil-Sands Supplies 257

Green Car Congress

FEBRUARY 23, 2017

China is the global leader in methanol use and has recently expanded its methanol production capacity. Similar to how ethanol is currently blended into motor gasoline in the United States, methanol is blended into gasoline in China. However, concerns over groundwater contamination led an increasing number of states to ban it.

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2000 2016 Fuel China 150

Green Car Congress

APRIL 14, 2015

AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. The United States has been a net importer of energy since the 1950s.

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2020 Energy Transportation Oil Prices 150

Green Car Congress

OCTOBER 25, 2015

Kicking the can means that production may not fall as fast as expected, which will mean oil prices may not begin to stage a rally as quickly as some had hoped. Moody’s Investors Service sees the contraction as too little to make a significant dent in the global supply gut. rig count has declined by more than half, U.S.

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Saudi Arabia Oil Prices Oil Russia 150

Green Car Congress

DECEMBER 4, 2016

BP has sanctioned the $9-billion Mad Dog Phase 2 project in the United States, despite the current low oil price environment. Today, the leaner $9-billion project, which also includes capacity for water injection, is projected to be profitable at or below current oil prices.

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Mexico Chevron Oil Oil Prices 150

Green Car Congress

JULY 25, 2013

Natural gas is the fastest-growing fossil fuel, as global supplies of tight gas, shale gas, and coalbed methane increase. 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. Source: IEO2013.

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2010 Transportation Fuel Energy 317

Green Car Congress

JULY 21, 2015

In addition to reducing lifecycle carbon emissions, Red Rock’s production process will reduce the risk of devastating forest fires in the western United States by decreasing the amount of waste woody biomass in surrounding forests. Red Rock’s gas-to-liquids technology partner is Velocys.

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Renewable Supplies Fuel Oil Prices 150

Green Car Congress

AUGUST 7, 2015

Lower crude oil prices and strong demand for petroleum products, primarily gasoline, both in the United States and globally, have led to favorable margins that encourage refinery investment and high refinery runs. The record high gross inputs reflect both higher refinery capacity and higher utilization rates.

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Gasoline 2014 Louisiana Oil 150

Green Car Congress

MAY 26, 2009

The brief concentrates on six topics: climate change policy, carbon capture and storage policy, oil security policy, energy-technology innovation policy, electricity market structure, and infrastructure policy. The United States cannot afford to wait any longer to enact long-term policies on these topics. Oil security policy.

Energy 150

Energy Price Oil Prices Climate Change 150

Green Car Congress

NOVEMBER 6, 2015

One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

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Oil Oil-Sands Saudi Arabia Oil Prices 150

Green Car Congress

SEPTEMBER 5, 2011

Although oil and gas have been produced in the Arctic region for years, many of the vast oil and gas fields that initiated interest in the Arctic are in decline. The high oil price is again driving investment in E&:P in this region as the focus gradually moves offshore from the prolific onshore areas.

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Oil Market Gas Production 199

Green Car Congress

APRIL 6, 2017

On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 percent of global proved reserves. by Viktor Katona for Oilprice.com. In 2016, only 3.7 million tons.

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Russia Oil 2016 Oil Prices 150

Green Car Congress

JANUARY 23, 2012

Over the next 10 years, continued development of tight oil (e.g., shale oil) combined with the development of offshore Gulf of Mexico resources are projected to push domestic crude oil production to 6.7 World oil prices rise in the Reference case, as pressure from growth in global demand continues.

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Oil 2005 Production 2010 210

Green Car Congress

AUGUST 30, 2009

The oil price 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.

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Transportation Fuel Renewable Gasoline-Electric 317

Green Car Congress

JANUARY 13, 2011

Currently, petroleum almost exclusively fuels the United States (US) transportation system. The transportation sector thus represents a significant fraction of total greenhouse gas (GHG) emissions both globally and in the US—light-duty vehicles (LDVs) are responsible for 17.5% of carbon dioxide (CO 2 ) emissions in the US.

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Transportation MIT Oil Prices Oil 252

Green Car Congress

DECEMBER 5, 2012

The United States becomes a net exporter of natural gas earlier than estimated a year ago. Because quickly rising natural gas production outpaces domestic consumption, the United States will become a net exporter of liquefied natural gas (LNG) in 2016 and a net exporter of total natural gas (including via pipelines) in 2020.

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Fuel Energy Sale 2013 225

Green Car Congress

APRIL 9, 2010

Cumulatively, between 2010 and 2030, the United States would import nearly 11.9 billion fewer barrels of foreign oil. Global Demand for Oil. Global Demand for Oil. World demand for oil would fall, leading to lower world oil prices. Resilience to Future Price Shocks.

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Grid 2008 Vehicles Oil 186