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Opcon, in collaboration with Wallenius Marine, recently completed the first reference installation of its Waste Heat Recovery technology for ocean-going vessels in a project supported by the Swedish Energy Agency. The first reference installation features both Opcon Powerbox ORC and Opcon Powerbox WST. The MV Figaro. Click to enlarge.
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).
These cases include: The Reference case, which serves as a baseline, or benchmark, case. It also assumes the Brent crude oilprice reaches $101 per barrel (b) (in 2022 dollars) by 2050. The High OilPrice case, which assumes the price of Brent crude oil reaches $190/b (in 2022 dollars) by 2050.
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. million FFV sales in the AEO2012 Reference case. Increased sales for hybrids and PHEVs.
The US Energy Information Administration (EIA) released its Reference case projections for US energy markets through 2035. The Reference case projections include only the effects of policies that have been implemented in law or final regulations. Over the next 10 years, continued development of tight oil (e.g., Source: EIA.
These scenarios provide projections based on EIA’s Annual Energy Outlook (AEO) 2012 Reference Case, advances in battery technology (e.g., improved battery chemistry that allows for faster and deeper charging and reductions in battery cell and other component costs), and oilprices increasing to $200 per barrel: Low.
They found that under the reference infection scenario, US gasoline demand grows slowly after a quick rebound in May, and is unlikely to recover to a non-pandemic level prior to October 2020. In the PODA model, the potential induced travel demand due to the lower oilprices under the COVID-19 pandemic is not explicitly considered.
The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. On the one hand, OPEC does not see oilprices returning to triple-digit territory within the next 25 years, a strikingly bearish conclusion.
Columbia and Associate Director of the Maguire Energy Institute at the Cox School of Business at Southern Methodist University in Dallas says it has: “No question we’re seeing the effects of lower oilprices throughout the economy.”. quota, with oil already allocated away from the U.S., Bernard Weinstein, Ph.D.,
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).
No EDV deployment occurs with high battery costs, low oilprices, and no CO 2 policy. higher oilprices, a CO 2 policy, lower battery cost—the median market shares increase. higher oilprices, a CO 2 policy, lower battery cost—the median market shares increase.
With prices expected to increase in the long term, however, the world oilprice in real 2011 dollars reaches $106 per barrel in 2020 and $163 per barrel in 2040, according to IEO2013. In the Reference case, all the growth in liquids use is in the transportation and industrial sectors.
According to the IEO2021 Reference case, which projects future energy trends based on current laws and regulations, renewable energy consumption has the strongest growth among energy sources through 2050. The four side cases show the effects of changing key model assumptions about economic growth and world oilprice.
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. The model uses three price scenarios: low oil, reference and high oil. Credit: ACS, Agusdinata et al.
LDV energy consumption declines in AEO2014 Reference case from 16.0 quadrillion Btu in 2040 in the AEO2013 Reference case. The rising fuel economy of LDVs more than offsets the modest growth in VMT, resulting in a 25% decline in LDV energy consumption decline between 2012 and 2040 in the AEO2014 Reference case. Source: EIA.
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. Tcf in the High Oil and Gas Resource case.
World marketed energy consumption is projected to grow by 44% between 2006 and 2030, driven by strong long-term economic growth in the developing nations of the world, according to the reference case projection from the International Energy Outlook 2009 ( IEO2009 ) released today by the US Energy Information Administration (EIA).
The Annual Energy Outlook 2011 (AEO2011) Reference case released yesterday by the US Energy Information Administration (EIA) more than doubles the technically recoverable US shale gas resources assumed in AEO2010 and added new shale oil resources. quadrillion Btu in 2035 in the AEO2011 Reference case, slightly lower than the 32.5
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 oilprice spikes that started in 2007 and peaked in 2008. This increase in oilprices again pushed the economy into a recession.
Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oilprices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices.
million barrels per day over the last five years, IHS Markit says in the new report from its oil markets and research team. Current global total liquids oil demand growth is at similar levels to what was recorded during the 2003 to 2007 commodity super-cycle, referred to as the “golden age” of refining. —Spencer Welch.
The production costs for most chemicals via microbial fermentation are currently high compared to oil-derived products primarily because of operating costs associated with feedstock and feedstock processing. One way to mitigate high feedstock cost is to maximize conversion into the bioproduct of interest. Jones, Alan G. Fast, Ellinor D.
pre- and post- decarbonization of the electric power sector—to which he referred as pre-CCS and post-CCS, respectively (although decarbonization was not necessarily via CCS—carbon capture and storage).) CCTF will only employ direct CO 2 capture from air when the CO 2 emission price exceeds the cost of air capture.
It’s been six months now that oilprices have been reacting to OPEC, first to the possibility of an agreement, and then to the production cut deal itself, forged by OPEC to rebalance the market. In October 2016, Iraq’s oil exports were estimated to be 3.89 The price gains from the OPEC deal have been capped by resurgent U.S.
“NEB and GNWT study finds 200 billion barrels of oil in the Sahtu,” gushed CBC News , referring to a region of the sprawling territory that cuts across three provinces and touches the Arctic Ocean. ConocoPhillips and Husky have both suspended exploration in the play, scared off by the oilprice rout. on Friday, June 5 th.
The study developed a realistic reference case for potential GHG emission reductions under the current regulatory framework with predicted market improvements. For the reference case, the model assumed extension of the existing legislation to 2030. can be removed. Methodology.
All reference car configurations except the diesel use gasoline engines, because the. They assumed an oilprice of US$80/bbl, close to the short-term. “As lifestyles, working hours and household technology are fairly similar across industrialised. We therefore. industrialised countries. ” —van Vliet et al.
It’s a robust technology, but you have to pay the oilprice, and if you have to burn an awful lot of heat in order to enable that endothermic chemistry, if you were to care about the energy footprint of this, it’s the three pounds of CO 2 produced to make one pound of polyethylene. —Alex Tkachenko.
Penetration rates for the PHEV-10 and the PHEV-40 were compared to a Reference Case that assumes high oilprices and fuel economy standards specified by EISA 2007 (with modest increases after 2020, when those standards level off), as described in the 2008 Hydrogen Report from NRC.
Another challenge was, at first sight, the impact of the 50%-plus collapse in the oilprice in the second half of last year. The report concentrates on renewable power and fuels and does not substantively address technologies such as smart grid, electric vehicles and power storage.
As one example of factors contributing to that decision, a survey of projected oilprices returned values between $30 and $250 a barrel, he said.). Referring to the PHEV/EV market, Anderman said: Lithium-ion is the preferred battery for a problematic market.
Compared to the reference case, in which gasoline vehicles (ICEVs) remain dominant through 2050 (BAU), OPT results in 16% and 36% reductions in LDV greenhouse gas (GHG) emissions for 2030 and 2050, respectively, corresponding to 5% and 9% reductions in economy-wide emissions.
But recently due to outbreak of COVID-19, sales of electric vehicles have been affected with the consumer markets being shaken and oilprices being plunged to high. Reference – [link]. Buyers of EV became exempted from paying VAT in 2001. The post Norweign Drivers switch to Electric Cars appeared first on EV REPORT.
As we work towards energy independence, using more homegrown biofuels reduces our vulnerability to oilprice spikes that everyone feels at the pump,” EPA Administrator Lisa P. Lifecycle refers to the greenhouse gas emissions over the life of the fuels. Jackson said.
REDDIT STUMBLE UPON MYSPACE MIXX IT Paste this link into your favorite RSS desktop reader See all CNNMoney.com RSS FEEDS ( close ) By Andy Grove April 17, 2009: 9:30 AM ET The great electric car race High oilprices, green regs, and better batteries are behind the mad dash to create the ultimate electric automobile. rivals in the dust.
The oilprice 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.
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.
Incremental well-to-wheels GHG emissions from WCSB Oil Sands Crudes Compared to Well-to-Wheels GHG Emissions from Displacing Reference Crudes Click to enlarge. The dominant drivers of oil sands development are more global than any single infrastructure project. MMTCO 2 e annually. MMTCO 2 e annually.
After all, it takes someone who refers to his Prius as “the gas guzzler&# and his Culver City, Calif., After all, it takes someone who refers to his Prius as “the gas guzzler&# and his Culver City, Calif., Q: When gas prices went up, people started driving less, and interest in EVs soared. Is this discouraging?
The collapse of oilprices has forced the US shale industry to slash production costs. Even if production is to continue to rise, it will require steadily higher crude oilprices. And that is the EIA’s Reference Case, not even its more optimistic take on what might happen. by James Stafford of Oilprice.com.
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