Oil Prices, Powered and Price

Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

MAY 22, 2019

Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ —Gabriel Collins.

Oil Prices

Oil Prices Gasoline-Electric Gasoline Oil

BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

Green Car Congress

DECEMBER 22, 2014

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60

Oil Prices

Oil Prices Oil Price Carbon

Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

Green Car Congress

MAY 24, 2017

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. In a speech made at the Association of International Petroleum Negotiators’ 2017 International Petroleum Summit, Johnston laid out his concerns for the future of oil.

Oil Prices

Oil Prices Oil Saudi Arabia 2020

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

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). Higher electricity prices mean that the average US household will pay about the same amount for electricity this summer as last summer.

Oil

Oil Price Production Oil Prices

Oil Price Fluctuations and the Power of OPEC

Energy Institute at HAAS

DECEMBER 12, 2022

A wild recent day for oil prices demonstrates OPEC’s enduring influence. Oil prices were … Continue Reading Oil Price Fluctuations and the Power of OPEC. Last week Saudi Arabia announced that it will reach $300+ billion in government revenues for 2022.

Oil Prices

Oil Prices Saudi Arabia Oil Price

Large differences among the recent increases in the cost of powering gasoline, diesel, and electric vehicles

Green Car Congress

JUNE 2, 2022

This post examines the recent changes in the costs of powering gasoline, diesel, and electric vehicles. The reason is that, in the United States, oil is used to generate less than 1% of electricity. The table below shows all available average monthly prices for 2022. Month (2022). Electricity. $/g. Change from January (%). $/g.

Gasoline-Electric

Gasoline-Electric Gasoline Cost Of Diesel

Opinion: Consumers winning with low oil prices, for now

Green Car Congress

MARCH 13, 2015

Lest we be too quick to forget whence we came, America is now 9-months into lower gasoline prices, which started their swoon the week of June 30, 2015 from a lofty national average just under $3.70, tumbling almost every subsequent week before bottoming and bouncing from $2.02 quota, with oil already allocated away from the U.S.,

Oil Prices

Oil Prices Oil Price Dallas

EIA forecasts US fossil fuel production to reach new highs in 2023

Green Car Congress

JANUARY 23, 2022

EIA forecasts that in 2022 and 2023, crude oil prices will remain high enough to encourage growth in the number of active drilling rigs and continued improvement in drilling efficiency. US coal production increased by an estimated 7% in 2021, driven by increased demand for coal because of rising natural gas prices.

Coal

Coal Production Fuel Oil

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

Liquid fuels production (OPEC crude and lease condensate, non-OPEC crude and lease condensate, and other) and consumption (by OECD and non-OECD regions) under three price cases in 2040. per year, as the mature economies react to sustained high fuel prices. Dashed red line shows 2010 consumption of 87 MMbbl/d. Source: EIA.

Asia

Asia Transportation Oil-Sands Oil Prices

Opinion: Here’s what will send oil prices back up again

Green Car Congress

MARCH 5, 2015

Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face of both history and common sense. The question we should be asking ourselves is not if oil prices will recover, but when they will. Supply alone, however, doesn’t determine price.

Oil Prices

Oil Prices Oil Price Saudi Arabia

BCG report finds advanced biofuels, concentrated solar power, and solar photovoltaic tracking to make significant market impact sooner than commonly assumed

Green Car Congress

NOVEMBER 11, 2010

Advanced biofuels, concentrated solar power (CSP), and solar photovoltaic power (PV) will see accelerating adoption and growth and are on track to change the global energy mix far earlier than is often assumed, according to a new report from The Boston Consulting Group (BCG). By 2020, CSP could provide power at $0.10

Solar

Solar Boston Consulting Group Power Powered

bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

Green Car Congress

JULY 12, 2021

Both primary energy consumption and carbon emissions from energy use fell at their fastest rate seen since the Second World War, while renewable energy continued its trajectory of strong growth, with wind and solar power recording their largest ever annual increase. The oil price (Dated Brent) averaged $41.84/bbl The US (-2.3

2020

2020 Oil Saudi Arabia Energy

IEE forecasts electric-drive LDVs could constitute between 2 to 12% of US vehicle stock by 2035

Green Car Congress

APRIL 22, 2013

improved battery chemistry that allows for faster and deeper charging and reductions in battery cell and other component costs), and oil prices increasing to $200 per barrel: Low. The specific reduction depends on improvements in ICE technologies, as well as changes in the electric power generation fuel mix.

Oil Prices

Oil Prices Vehicles 2012 Transportation

BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

Green Car Congress

JUNE 13, 2012

The “Arab Spring” affected oil and gas supplies—most notably the complete, albeit temporary, loss of Libyan supply—while the tragic Fukushima accident in Japan had knock-on effects for nuclear and other energy sources around the world. Prices increased in all regions. more as natural gas was diverted to Asia.

Coal

Coal Oil Renewable Saudi Arabia

Rhodium Group estimates US GHG emissions rose 1.3% in 2022

Green Car Congress

JANUARY 11, 2023

Despite efforts to continue stimulating the US economy in the wake of the pandemic, high inflation put a damper on economic growth, which was exacerbated by a spike in oil prices as a result of Russia’s invasion of Ukraine. Outside of the power sector, emissions increased slightly. Consequently, the US economy grew 1.9%

Emissions

Emissions Oil Prices 2005 Coal

Study Finds That CO2 Standards for Vehicles Can Reduce Price of Oil

Green Car Congress

APRIL 10, 2009

A new study by the French institute Enerdata, commissioned by the European Federation for Transport & Environment (T&E), suggests that the European CO 2 standards for new vehicles due to come into effect in 2012 will lead not only to a European savings on oil (mainly via lower oil import volumes) but also to slightly lower global oil prices.

Oil

Oil Standards Price 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

Renewable energy and nuclear power are the world’s fastest-growing energy sources, each increasing 2.5% The Brent crude oil spot price averaged $112 per barrel in 2012, and EIA’s July 2013 Short-Term Energy Outlook projects averages of $105 per barrel in 2013 and $100 per barrel in 2014. Liquid fuels.

2010

2010 Transportation Fuel Energy

Comprehensive modeling study finds electric drive vehicle deployment has little observed effect on US system-wide emissions

Green Car Congress

JANUARY 15, 2014

Fourth, CO 2 prices as high as 100 $/t do not provide sufficient incentive for vehicle electrification. In their analysis, the authors examined the effect of 5 factors on EDV deployment: crude oil and natural gas prices; a federal CO 2 policy; a federal renewable portfolio standard (RPS); and EDV battery cost.

Emissions

Emissions Oil Prices Vehicles Oil

Hyundai Heavy begins exporting LNG engine

Green Car Congress

JUNE 19, 2012

The new gas engine runs on liquefied natural gas rather than heavy crude oil and has a maximum power output of 13,000 bhp (9,694 kW). The HiMSEN H35/40GV can be used to generate power for onshore power plants, commercial ships, and offshore facilities including drillships. Click to enlarge.

Hyundai

Hyundai Engine South Korea Oil Prices

Belfer Center Brief Urges Higher, Stable Energy Prices to Achieve Long-Term Energy Policy Objectives

Green Car Congress

MAY 26, 2009

The US government must place an initial price on US greenhouse-gas emissions, either through a cap-and-trade mechanism or a tax. Oil security policy. With oil prices set in a global market, the degree of US economic vulnerability is proportional to its total oil dependence, not just import dependence.

Energy

Energy Price Oil Prices Climate Change

Study finds that dry-feed gasification for coal-to-liquids is more efficient, lower-emitting and cheaper than slurry-feed; CCS cost-effective for reduction of CO2

Green Car Congress

NOVEMBER 24, 2010

Comparison of coal consumption and CO 2 emissions for co-production and separate production of liquids and power. A co-production scenario—yet to be commercial—would take unconverted syngas from the FT reactor and combust it in a combined cycle power plant to generate electricity that is sold to the grid. Click to enlarge.

Coal

Coal Oil Prices CO2 Gas-Electric

Study: Kerry-Lieberman Bill Would Cut US Oil Imports By Up to 40% Below Current Levels

Green Car Congress

MAY 21, 2010

A new study by the Peterson Institute for International Economics concluded that the Kerry-Lieberman “American Power Act”—the energy and climate change legislation recently introduced in the Senate ( earlier post )—would reduced US oil imports by 33-40% below current levels and by 9-19% below projected business-as-usual levels by 2030.

Oil

Oil Climate Change Oil Prices 2005

SK Innovation to end Li-ion JV with Continental due to slow demand growth for EVs

Green Car Congress

DECEMBER 2, 2014

Yonhap said that the companies are the partnership early due to weak market demand for battery-powered vehicles amid limited infrastructure and falling oil prices. Both planned to invest about €270 million (at the time, around US$359 million) in the JV over five years. billion won (US$13.87

Li-ion

Li-ion Lithium Ion Oil Prices 2013

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

World oil prices remain high in the IEO2011 Reference case, but oil consumption continues to grow; both conventional and unconventional liquid supplies are used to meet rising demand. In the IEO2011 Reference case the price of light sweet crude oil (in real 2009 dollars) remains high, reaching $125 per barrel in 2035.

Oil-Sands

Oil-Sands Oil 2008 Oil Prices

Surprise Natural Gas Drawdown Signals Higher Prices Ahead

Green Car Congress

AUGUST 9, 2016

The US electric power sector burned through a record amount of natural gas in recent weeks, a sign of the shifting power generation mix and also a signal that natural gas supplies could get tighter than many analysts had previously expected. Natural gas consumption patterns are much more seasonal than for oil.

Gas

Gas Price Gas-Electric Oil

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

Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

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.

Transportation

Transportation Fuel Renewable Gasoline-Electric

EIA Energy Outlook 2011 more than doubles estimates of US shale gas resources; higher production at lower prices

Green Car Congress

DECEMBER 17, 2010

This larger resource leads to about double the shale gas production and more than 20% higher total lower-48 natural gas production in 2035, with lower natural gas prices, than was projected in the AEO2010 Reference case. In 2035, the average real price of crude oil in the Reference case is $125 per barrel in 2009 dollars.

Gas

Gas 2011 Price Energy

2019 NTEA Fleet Purchasing Outlook reveals continued strong demand for biodiesel in diesel trucks

Green Car Congress

MARCH 11, 2019

The 2019 NTEA Fleet Purchasing Outlook showed that the majority of fleet survey respondents—76%—anticipate maintaining or increasing use of diesel engine-powered trucks in their fleets, and more than 33% of survey respondents acknowledged currently operating alternative fueled trucks in their fleets.

Purchase

Purchase Fleet 2019 Diesel

Indianapolis plans to add 425 PHEVs and BEVs to municipal fleet by 2016

Green Car Congress

OCTOBER 29, 2014

America’s dependence on oil ties our national and economic security to a highly-unpredictable, cartel-influenced global oil market. Diversifying the types of vehicles and fuels available to our drivers offers our city protection from often-volatile oil prices and better prepares us for the future.

Indianapolis

Indianapolis 2016 Fleet PHEV

IEA: global map of oil refining and trade to be redrawn over next 5 years

Green Car Congress

OCTOBER 12, 2012

On the supply side, most of the growth will come from the Americas, buoyed by the transformative power of advanced extractive technologies applied to light, tight oil deposits in the US and the Canadian oil sands that has exceeded earlier expectations.

Oil

Oil Oil-Sands Global Oil Prices

IEA World Energy Outlook 2013 sees CO2 emissions rising by 20% to 2035; oil use on upward trend

Green Car Congress

NOVEMBER 13, 2013

High oil prices, persistent differences in gas and electricity prices between regions and rising energy import bills in many countries focus attention on the relationship between energy and the broader economy. Transport oil demand rises by 25% to reach 59 mb/d, with one-third of the increase going to fuel road freight in Asia.

Oil

Oil 2013 Energy Emissions

Worldwatch Institute report finds global energy intensity increased in 2010 for second year in a row

Green Car Congress

SEPTEMBER 20, 2011

In addition to technological advances, price developments play a key role in determining overall energy usage, Worldwatch notes. World crude oil prices more than tripled between 2004 and 2008—the fastest rise since the oil crisis of the late 1970s—contributing to the sharp decline in energy intensity during that period.

2010

2010 Global Energy 2008

Ricardo and Kevin J Lindemer LLC to assess the timing and impact of Peak Oil Demand

Green Car Congress

JULY 14, 2011

But, asks Ricardo, what will happen to oil demand as these efforts begin to bear fruit, and what are the implications for key sectors of the fuel production and processing, power generation, construction, mining, automotive and transportation industries and the investment community?

Oil

Oil Oil Prices Climate Change Supplies

CSIRO and partners to test Direct Injection Carbon Engine to reduce brown coal emissions by up to 50%

Green Car Congress

APRIL 28, 2014

The fuel burns to produce intense temperature and pressure in the engine, which provides highly efficient power to turn electrical generators. This research will help determine whether DICE can enable brown coal to produce Australia’s lowest cost, reduced CO 2 electricity for the staged replacement of existing coal power plants.

Coal

Coal Carbon Engine Emissions

Updated NETL study provides more detailed economic and environmental assessment of coal-to-liquids and CTL with modest biomass

Green Car Congress

MAY 15, 2012

Performance in the study is measured by such metrics as: (1) required selling price of the fuel; (2) crude oil price when the process will become economically viable; (3) the Well-to-Wheels (WTW) life cycle GHG emissions profile of the diesel fuel; and (4) the water usage associated with the facility. —White and Gray.

Coal

Coal Diesel Oil Prices Water

MITEI releases report on Electrification of the Transportation System

Green Car Congress

JANUARY 13, 2011

Electrification will reduce emissions, with the scale determined by the carbon intensity of the power sector. Electrification will also reduce oil dependence, providing foreign policy benefits and the potential to reduce real oil prices and oil price volatility. of carbon dioxide (CO 2 ) emissions in the US.

Transportation

Transportation MIT Oil Prices Oil

Survey finds LNG-fueled ship orders up 26% in six months

Green Car Congress

MAY 17, 2012

High oil prices, impending emissions regulations and technical advancements are propelling the market faster than we expected. Firms such as Wärtsilä now offer integrated onboard fuel delivery systems and power units for shipbuilders. Accelerating growth is what you would expect under these circumstances. —Tom Campbell.

Fuel

Fuel South Korea Mariner Finland

First reference installation of Opcon Waste Heat Recovery technology for ships; potential for 5–10% fuel savings

Green Car Congress

AUGUST 26, 2012

each powered by a STX/MAN-B&W diesel engine, type. Considering today’s oil prices and the efforts being made by the IMO, for example with the coming International Energy Efficiency Certificate (IEE), we believe that this product really has come at exactly the right time. kW (25,533 hp) at 105 rpm.

Waste

Waste Installation Mariner Fuel

GE and Sargas AS partner on gas-fired plants with carbon capture for enhanced oil recovery

Green Car Congress

JUNE 19, 2012

The Sargas plant will combine a configuration of the existing LMS100 aero-derivative gas turbine package from GE with Sargas’ patented combustion and carbon-capture technology enabling low emissions power generation. Traditionally, carbon capture for gas-fired turbine plants relied on government subsidies and advanced technology research.

Oil

Oil Carbon Gas Gas-Electric

EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

DECEMBER 16, 2013

Among the more detailed transportation projections in AEO2014 are: LDVs powered by gasoline remain the dominant vehicle type in the AEO2014 Reference case, retaining a 78% share of new LDV sales in 2040, down from their 82% share in 2012. Projected low prices for natural gas make it a very attractive fuel for new generating capacity.

Oil

Oil Light Energy Vehicles

IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

Green Car Congress

JANUARY 17, 2015

The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). kWh for fossil-fuel power plants. Source: IRENA. Click to enlarge.

Renewable

Renewable Parts Power Powered

Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

APRIL 10, 2015

Simply put, the world has too much oil at the moment which has resulted in the reduction of price levels from approximately $100 to $50 a barrel, and OPEC (as well as US shale producers) has a major role to play in this supply glut. It also has the fifth largest proven crude oil reserves in the world.

Saudi Arabia

Saudi Arabia Venezuela Iran Nigeria

Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

Green Car Congress

APRIL 6, 2015

Global investment in renewable power and fuels (excluding large hydro-electric projects) was $270.2 Wind, solar, biomass and waste-to-power, geothermal, small hydro and marine power contributed an estimated 9.1% Oil and renewables do not directly compete for power investment dollars. billion), India ($7.4

2014

2014 Renewable 2013 Wind

Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

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

Oil Price Fluctuations and the Power of OPEC

Large differences among the recent increases in the cost of powering gasoline, diesel, and electric vehicles

Opinion: Consumers winning with low oil prices, for now

EIA forecasts US fossil fuel production to reach new highs in 2023

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

Opinion: Here’s what will send oil prices back up again

BCG report finds advanced biofuels, concentrated solar power, and solar photovoltaic tracking to make significant market impact sooner than commonly assumed

bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

IEE forecasts electric-drive LDVs could constitute between 2 to 12% of US vehicle stock by 2035

BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

Rhodium Group estimates US GHG emissions rose 1.3% in 2022

Study Finds That CO2 Standards for Vehicles Can Reduce Price of Oil

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

Comprehensive modeling study finds electric drive vehicle deployment has little observed effect on US system-wide emissions

Hyundai Heavy begins exporting LNG engine

Belfer Center Brief Urges Higher, Stable Energy Prices to Achieve Long-Term Energy Policy Objectives

Study finds that dry-feed gasification for coal-to-liquids is more efficient, lower-emitting and cheaper than slurry-feed; CCS cost-effective for reduction of CO2

Study: Kerry-Lieberman Bill Would Cut US Oil Imports By Up to 40% Below Current Levels

SK Innovation to end Li-ion JV with Continental due to slow demand growth for 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

Surprise Natural Gas Drawdown Signals Higher Prices Ahead

The Real Reason for USA based Economic Recessions.

Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

EIA Energy Outlook 2011 more than doubles estimates of US shale gas resources; higher production at lower prices

2019 NTEA Fleet Purchasing Outlook reveals continued strong demand for biodiesel in diesel trucks

Indianapolis plans to add 425 PHEVs and BEVs to municipal fleet by 2016

IEA: global map of oil refining and trade to be redrawn over next 5 years

IEA World Energy Outlook 2013 sees CO2 emissions rising by 20% to 2035; oil use on upward trend

Worldwatch Institute report finds global energy intensity increased in 2010 for second year in a row

Ricardo and Kevin J Lindemer LLC to assess the timing and impact of Peak Oil Demand

CSIRO and partners to test Direct Injection Carbon Engine to reduce brown coal emissions by up to 50%

Updated NETL study provides more detailed economic and environmental assessment of coal-to-liquids and CTL with modest biomass

MITEI releases report on Electrification of the Transportation System

Survey finds LNG-fueled ship orders up 26% in six months

First reference installation of Opcon Waste Heat Recovery technology for ships; potential for 5–10% fuel savings

GE and Sargas AS partner on gas-fired plants with carbon capture for enhanced oil recovery

EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

Opinion: How Much Longer Can OPEC Hold Out?

Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

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