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Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oilprices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “
They further estimated that roughly one-fifth of the savings can be attributed to gasoline price increases over the period and four-fifths to fuel economy and greenhouse gas (GHG) standards. gasoline demand would have put upward pressure on world oilprices. Their paper is published in the journal Energy Policy.
In the Douglas-Westwood Monday note , Andy Jenkins from the energy research group’s London office observes that the decline in oilprices may impact deepwater production and in particular a key future enabler: subsea processing (SSP). —Andy Jenkins.
The impact of rising oilprices 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 oilprices. by David Yager for Oilprice.com.
More specifically, reliably projecting the oil demand, a critical leading indicator of the state of the US economy, is beneficial to related business activities and investment decisions. However, few studies have quantified and forecast the oil demands under multiple pandemic scenarios, and this research is desperately needed.
The results of a new, comprehensive modeling study characterizing light-duty electric drive vehicle (EDV) deployment in the US over 108 discrete scenarios do not demonstrate a clear and consistent trend toward lower system-wide emissions of CO 2 , SO 2 , and NO x as EDV deployment increases. The CO 2 cap results in marginal CO 2 prices of 37?125
If West Texas Intermediate (WTI) crude oilprices stabilize at or above $60 per barrel, major parts of the United States shale sector that are currently dormant will ramp up, according to an analysis by experts in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. Baker III and Susan G.
The Sandia researchers showed that the key to meeting the RFS2 targets is the fuel price differential between E85 fuel and conventional gasoline (low ethanol blends), so that E85 owners refuel with E85 whenever possible. The Sandia study examines the set of circumstances under which the RFS2 mandate might be satisfied.
Uncertainty range of the aviation GHG emissions under the High Oilprice scenario (the most optimistic for biojet adoption), given in a box plot depicting the minimum, quartile, and maximum values. This study only examines the GHG emissions within the US domestic context. Credit: ACS, Agusdinata et al. Click to enlarge.
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.
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 oilprices.
Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 mbpd by 2020, according to a new study by a researcher at the Harvard Kennedy School. —Meghan L.
Although co-production plants are much more costly than liquids-only configurations in terms of capital cost, Hari Mantripragadaa1 and Edward Rubin found, because of the high electricity revenues the cost of liquid product is lower than that of the liquids-only case, at market prices of electricity. Source: Mantripragada and Rubin.
Governments and vehicle manufacturers will need to introduce long-term incentives and price cuts to create a sustainable European market for ultra-low emission vans (ULEV), according to a newly published report by Element Energy, commissioned by the UK Department for Transport. Ultra Low Emission Vans Study Final Report.
Production of commercial quantities of HRJ depends on the availability of appropriate feedstocks at competitive prices. For world crude oilprices in the range of $100 per barrel, this amounts to a price impact of roughly $5 to $13 per barrel. From Hileman et al. Click to enlarge. million bpd. billion and $8.3
The study, published as an open-access paper in Nature , offers a closer look at the relationship between decreasing demand for oil and a resilient, varied oil market—and the carbon footprint associated with both.
The CAR study uses the distribution of hybrid sales as the basis to estimate the distribution of plug-in electric vehicle sales. In a new study, the Center for Automotive. Within the study, CAR denotes the percentages it used to divide national electric vehicle sales among states. —CAR study. Source: CAR.
The National Energy Technology Laboratory (NETL) has released a follow-on study to its 2009 evaluation of the economic and environmental performance of Coal-to-Liquids (CTL) and CTL with modest amounts of biomass mixed in (15% by weight) for the production of zero-sulfure diesel fuel. This equates to diesel prices in the range of $2.70
The horizontal red lines show the comparable price of gasoline (before tax, refining margin 0.3 $/gal, exchange rate: 1 € = 1.326 $) with crude oilprices 100 $/bbl and 150 $/bbl. Converted into gasoline-equivalent price per liter, the estimated production cost would be 0.5–0.7 Source: VTT. 0.7 €/liter (app. 0.7 €/liter.
Global demand for oil may well peak before 2020, falling back to levels significantly below 2010 demand by 2035, according to a multi-client research study conducted by Ricardo Strategic Consulting launched in June 2011 in association with Kevin J. The world is nearing a paradigm shift in oil demand. Lindemer LLC.
In a new study, KPMG International has identified 10 “megaforces” that will significantly affect corporate growth globally over the next two decades. Businesses may be vulnerable to water shortages, declines in water quality, water price volatility, and to reputational challenges. Source: KPMG. Click to enlarge. billion by 2032.
His paper, Kreutz noted, is only a preliminary scoping study designed to sketch out the rough outlines of each system’s prospective performance and economics as related primarily to GHG. Over time, however, as the CO 2 price increases, it eventually becomes more economical to either retrofit plants to capture and store most of.
The study found that for small and medium passenger vehicles, expected lifetime cost per kilometer for EVs is already lower than that of conventional ICE. The total cost of ownership includes the vehicle price, annual fuel and maintenance costs and insurance. This study has decided to directly estimate take-up for two reasons.
Considering that the United States produces over 8 million barrels of oil per day domestically and imports an additional 3 million bpd from secure supplies in Canada and Mexico, we can find no credible scenario in which the military would be unable to access the 340,000 bpd of fuel it needs to defend the nation.
Such economic benefits could be realized earlier through effective policies which reduce first mover costs in the short term and promote rapid take-up once non-ICE vehicle price premiums reduce to levels that make them affordable to. The analysis is based on central forecasts of oilprice, electricity. This is primarily due to.
Shortly after releasing the Roadmap, the Coalition commissioned the Interindustry Forecasting Project at the University of Maryland and Keybridge Research to study the long-term economic effects of their policy proposals. The main findings of the study are: Employment. Global Demand for Oil. Resilience to Future Price Shocks.
The break-even crude oilprice for a delivered biomass cost of $94/metric ton when hydrogen is derived from coal, natural gas or nuclear energy ranges from $103 to $116/bbl for no carbon tax and even lower ($99–$111/bbl) for the carbon tax scenarios. Their analysis is published in the journal Biomass Conversion and Biorefinery.
The price disparity between crude oil and other resources, coupled with the emergence of cheap and abundant shale gas, especially in the United States, is opening up opportunities to produce cheaper gasoline, according to a new report from Lux Research. bbl to the fuel price—but that’s often more than offset by feedstock cost savings.
The study, said Robert Carling, Director, Transportation Energy Center at Sandia, represents the first true value-chain approach to assessing the feasibility, implications, limitations, and enablers of large-scale production of biofuels in the United States. In the study, conversion technologies are linked with specific feedstocks.
Institute of International Studies, University of. rather than relative prices of technology, energy, or carbon as. Among the other major findings of the study are: Three major energy system transformations were necessary to. reduction in fuel costs even with electricity prices doubled. Laboratory. efficiency. 1208365.
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?
Making biofuel from corn crop residue could become economically viable for farmers with government support and, therefore, lead to a major shift in crop rotation practices favoring more continuous corn plantings, according to a study by researchers at Purdue University. But with a subsidy of $1.01
Fleets across the country are trying to reduce their vulnerability to spikes in oilprices and are finding themselves increasingly subject to greenhouse gas emissions limitations at the federal, state and local levels.
There is significant potential for the expansion of bio-based automotive parts and components manufacturing in the US Great Lakes region, according to a newly-released study conducted by the Center for Automotive Research (CAR), a nonprofit research organization based in Ann Arbor, Michigan. Commercialization.
If the US military increases its use of alternative jet and naval fuels that can be produced from coal or various renewable resources, including seed oils, waste oils and algae, there will be no direct benefit to the nation’s armed forces, according to a new RAND Corporation study. ” —James Bartis, lead author.
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. Despite rising fuel prices, use of liquids for transportation increases by an average of 1.1% Liquid fuels.
Upstream spending is back to pre-2008 levels as producers, excluding NOCs (national oil companies) and OPEC organizations, are expected to spend close to $270 billion in 2013. The blossoming tight oil sector in the US has reignited talks of energy independence, but growing investment in offshore drilling is opening foreign reserves.
Increased oilprices or current production incentives make Vertimass fuel cost competitive, and CADO-derived hydrocarbon blendstocks pass on greenhouse gas emission reductions of the ethanol feedstock. GJ today with the potential to drop to $1.44/GJ GJ in the near future.
At the current pace of research and development, replacing gasoline and diesel with renewable fuel alternatives could take some 131 years, according to a new University of California, Davis, study using a new sustainability forecasting approach based on market expectations. The forecast was published online 8 Nov.
High oilprices, a global economic rebound, and new laws and mandates in Argentina, Brazil, Canada, China, and the United States, among other countries, are all factors behind the surge in production, according to research conducted by the Worldwatch Institute’s Climate and Energy Program for the website Vital Signs Online.
The study also found that any absence of oil sands on the US Gulf Coast would most likely be replaced by imports of heavy crude oil from Venezuela, which has the same carbon footprint as oilsands crude. Future price volatility is to be expected. IHS currently expects oil sands production to grow from 1.9
The study, in press in the Journal of Power Sources , examines the efficiency and costs of current and future EVs, as well as their impact on electricity demand and infrastructure for generation and distribution, and thereby on GHG emissions. They assumed an oilprice of US$80/bbl, close to the short-term.
The Pacific Northwest has the diverse feedstocks, fuel-delivery infrastructure and political will needed to create a viable biofuels industry capable of reducing greenhouse gases and meeting the future fuel demands of the aviation industry, according to a newly-released study by Sustainable Aviation Fuels Northwest (SAFN). renewable diesel.
Without significant additional policy interventions to induce market penetration of breakthrough passenger car and aircraft technologies, the overall European (EU27) greenhouse gas (GHG) emissions reduction goals for 2050 will be difficult to meet, according to a new study by researchers from the University of Cambridge, Stanford University and MIT.
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