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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. “
gasoline demand would have put upward pressure on world oilprices. They added indirect rebound effects via income and world oilprices to the calculations because, in principle these could have non-trivial impacts on fuel savings. First, had fuel economy not improved, the higher level of U.S.
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).
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.
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.
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.
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.
Drop-in biofuels produced at scale and price-competitive with petroleum-based gasoline could greatly increase the probability of reaching the RFS2 targets. The Sandia study examines the set of circumstances under which the RFS2 mandate might be satisfied. —Westbrook et al.
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.
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.
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 expected influx of large amounts of alcohol-based fuels and fuels derived from unconventional petroleum over the next decade may cause long-term world oilprices to be between 5 and 12% lower than they would be in the absence of those fuels. Adverse effects of ULS jet fuel would include higher fuel prices (by about $0.05
Plant-level CO 2 emissions can be greatly reduced by using the CCS technology, the study found, without much increase in capital cost. Even with CCS, the liquid product costs are comparable to recent crude oilprices. For a liquids-only configuration, CCS is a cheaper option when the CO 2 price exceeds $12/tonne.
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
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.
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. Summary of levelized production cost estimates of fuel (LCOF) for the examined plant designs. Source: VTT. 0.7 €/liter (app.
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. owned by) a power plant; careful integration between the two plants will reduce costs (not studied in detail here). short, large supplies of CO 2.
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.
In a new study, KPMG International has identified 10 “megaforces” that will significantly affect corporate growth globally over the next two decades. High oilprices continue to affect consumer behavior, and concerns about climate change and reliance on oil are likely to increasingly shape policy. Source: KPMG.
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.
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.
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.
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.
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
The analysis is based on central forecasts of oilprice, electricity. price and carbon pollution reduction scheme (CPRS)/carbon tax policy, and known information about the historic drivers for consumers in the vehicle. However, as EV and PHEV prices gradually reach. vehicle types (ICEs, EVs, PHEVs and HEVs). Between 2025.
Institute of International Studies, University of. 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. and oilprices at $100/barrel, as well as shifting cash flows. Laboratory. efficiency.
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.
This is consistent with previous studies on the impact of the EU fleet target for passenger cars, which suggests that the 95 g/km target in 2020 can be met without the need for plug-in or hydrogen vehicles, the report noted. Ultra Low Emission Vans Study Final Report. —John Lewis.
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?
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.
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 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.
Very broadly, they found that an LCFS would buffer the economy against global oilprice spikes, trim demand for petroleum, and lessen upward pressure on gas prices. A new study by Bergerson et al. found that on a well-to-wheels basis, lower emitting oil sands cases can outperform higher emitting conventional crude cases.
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.
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.
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).
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.
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.
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.
A recent study by Brazilian researchers evaluating the lifecycle GHG emissions of the farnesane-based renewable fuel concluded that it presents “a substantial potential” to mitigate the GHG emissions of the aviation sector. In the ES&T study base case, the researchers calculated a “rather optimistic” GHG footprint of 8.5g
A new study by consultancy Roland Berger defines an integrated roadmap for European road transport decarbonization to 2030 and beyond; the current regulatory framework for vehicle emissions, carbon intensity of fuels and use of renewable fuels covers only up to 2020/2021. Roland Berger study. 34 Mton CO 2 e (WTW). can be removed.
Countries with significant dependence on foreign imports of oil will likely show increased interest in algae-based biofuels if oilprices continue to rise over the next decade. However, such approaches face the threat of GMO regulations and may take more than a decade to reach commercial viability.
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. IHS currently expects oil sands production to grow from 1.9 Earlier post.). million barrels per day (mbd) in 2013 to 4.3
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