John Hennessy III,
P.E.
Global consumption of petroleum and other liquid fuels is estimated to have grown by 1.4 million b/d in 2015. EIA expects global consumption to increase by 1.5 million b/d in 2016 and by 1.4 million b/d in 2017, mostly driven by growth in countries outside of the Organization for Economic Cooperation and Development (OECD). Non-OECD consumption growth was 0.9 million b/d in 2015, and it is expected to be 1.2 million b/d in 2016 and 1.3 million b/d in 2017.
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With transit bills, electric cars and other non-gas-guzzling transportation options reeling from late-2014’s sudden drop in oil prices, a lot of us are wondering just how cheap our gasoline really is. A new interactive report released by Bloomberg ranks the affordability of gasoline around the world, showing how we stack up against our international peers.
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An invisible resource is working quietly behind the scenes to provide American families and businesses with the power necessary to live and work. This resource lowers harmful pollution, creates US jobs, reduces energy burdens for those most in need, and strengthens community resilience. It also improves the bottom line for business, returns at least double its investment, and saves American households, on average, $840 dollars a year. Energy efficiency has become the nation’s third-largest electricity resource. With increased support it could become the largest—and one of the world’s core strategies to tackle climate change.
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Achieving the U.S. Department of Energy’s SunShot Initiative cost targets could greatly accelerate deployment of grid-integrated solar technologies. Global experience with increasing amounts of wind and solar on power systems has shown that variable generation resources can be integrated into the grid at penetrations well beyond current capacity. However, the prospect of dramatically increased photovoltaic (PV) deployment requires detailed examination to ensure that high-penetration solar technologies will provide their intended benefits, including reducing fossil fuel use and reducing the conventional capacity needed for reliable service.
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In this week’s address, President Obama discussed the progress we have made to combat global climate change.
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Advanced energy sources that use little or no fuel, such as wind, solar, hydropower, fuel cells, and energy storage create opportunities for corporations to capture savings and hedge against energy price volatility. The price of advanced energy sources has decreased dramatically during the past decade, and companies are increasingly seeking to purchase power from these resources in order to increase competitiveness and achieve corporate responsibility targets. A growing number of corporations have set formal goals for purchasing renewable energy, which they are integrating into their operations and decision making.
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The poll found that a majority of Americans recognize the declining state of the nation’s infrastructure as an issue that should be addressed, and nearly half (46 percent) of respondents said that U.S. infrastructure has gotten worse in the last five years. Roads and bridges top the list of sectors of the nation’s infrastructure in extreme need of repair, but registered voters also believe that repairs should be made to railways, dams and water pipelines.
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Trucking web site Fleet Owner recently released a series of infographics covering a variety of issues that affect our nation’s truckers, from road conditions to fuel costs.
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In recent years, a number of studies have challenged that assumption, finding that natural gas production, transportation and storage results in major leaks of methane to the atmosphere that erode or nullify the climate benefits of shifting to natural gas. These findings should lead policymakers to reject natural gas as a “bridge fuel” and instead lead them to redouble America’s efforts to repower with truly clean energy from the sun, the wind and other renewable sources of energy.
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