Sustainable ethanol for sustainable transport systems today and tomorrow Chalmers University, Gothenburg, Sweden 26 May 2008
|
|
- Conrad Clark
- 8 years ago
- Views:
Transcription
1 , professor, Uppsala universitet Sustainable ethanol for sustainable transport systems today and tomorrow Chalmers University, Gothenburg, Sweden 26 May 2008 Global Energy Systems Uppsala University, Sweden Blog: aleklett.wordpress.com The energy system The Planet Heat in Heat out
2 , professor, Uppsala universitet Global Energy System E = m c 2 Renewable energy Political correct. Sun, wind and water Global about 15% Fossil Energy Politically not correct Coal, oil and natural gas (uranium) Global about 85%
3 , professor, Uppsala universitet The Historical Peak Oil Endgame The end of the Oil Age Oct 23rd 2003 Leaders from The Economist printed edition On a time scale starting at year 0 and ending 4000 years later everyone agree that there will be a peak in the oil production between 2000 and 2100 ASPO The Association for the Study of Peak Oil&Gas Formed in May 2002 in Uppsala, Sweden Bruce Stanley from AP: Global supplies of crude oil will peak as early as 2010 and then start to decline, ushering in an era of soaring energy prices and economic upheaval or so said an international group of petroleum specialists meeting Friday.
4 , professor, Uppsala universitet First Press Release from ASPO Production, Gboe/a NGLs Polar Oil Deep Water Heavy Conventional 87 million barrels per day The world oil depletion curve, above, is based on all available information on oil reserves and estimates of the amounts yet-tofind, and indicates that world oil production will reach a peak (87 million barrels per day) around 2010 and decline thereafter. Dr. James R Schlesinger, former US Energy Secretary And therefore to the peakists I say, You can declare victory. You are no longer the beleagured small minority of voices crying in the wilderness. You are now main streams. You must learn to take yes for an answer and be gracious in victory. Cork, Ireland, 2007 September 17
5 , professor, Uppsala universitet An Inconvenient Truth An Inconvenient Truth About Oil
6 , professor, Uppsala universitet Y 2, X 2 Oilfields in USA part of the fields in the world Y 1 = Reserves US 48 X 1 = Production US 48 Y 2 = Reserves Alaska X 2 = Production Alaska Y 3 = Reserves M.G. X 3 = Production M.G. Y 1, X 1 Y 3, X 3 M. King Hubbert 1956 The First Oil End Game f. 1903, d 1989 "Our ignorance is not so vast as our failure to use what we know."
7 , professor, Uppsala universitet US Lower 48 US Lower 48: annual oil "mean" discovery & production with Hubbert discovery model discovery smooth 5 yr model Hubbert disc. production Hubbert disc. shift 35 yr 35 years oil price 2 proration 1 deepwater depression Jean Laherrère Jan year Import and Export countries 25 Mbpd - USA needs to import al the oil from Saudi, Russia, Norway, Nigeria and Venezuela
8 , professor, Uppsala universitet The Peak Oil End Game in USA 1971 By 2030 the likely production in USA will be 2 million barrels per year EIA-DOE: Energy consumption in USA 2030: 27,7 Mbpd 2004: 20,7 Mbpd Increase: 7,0 Mbpd Production 2030: 2,0 Mbpd Import to USA: 25 Mbpd
9 , professor, Uppsala universitet China: Discovery and Production Production will start to Oil Discovery and decline Production within 5 of years China Production Discovery Production [Gb] Discovery [Gb] Year
10 , professor, Uppsala universitet Export countries 2030
11 , professor, Uppsala universitet The Norwegian Oil End Game A field by field analysis with maximum discovery potential. As Norway uses 0.2 Mbpd the export in 2030 will be around 0.2 Mbpd Oil Discovery and Production of Russia Production Discovery Production [Gb] Discovery [Gb] Year
12 , professor, Uppsala universitet Russia acording to IEA Future export of oil from Russia We cannot count on more then 3 Mbpd in export from Russia in year 2030
13 , professor, Uppsala universitet The Middle East Depletion rates for USA Production Depletion = Reserves Peak Oil year
14 , professor, Uppsala universitet Depletion in Saudi Arabia and USA
15 , professor, Uppsala universitet Production in Saudi Arabia Exports + and in
16 , professor, Uppsala universitet New discoveries from 1995 till 2025 is 100 billion barrels found and 100 billion barrels expected to be found. USGS mean prediction for the same time period is 649 billion barrels. Global Giant Oilfields F.Robelius, Uppsala Hydrocarbon Depletions Study Group
17 , professor, Uppsala universitet Top 18 Giant Fields Field Name Country Discovery year Range of URR [GB] Ghawar Saudi Arabia Burgan Greater Kuwait Safaniya Saudi Arabia Bolivar Coastal Venezuela Berri Saudi Arabia Rumalia N&S Iraq Zakum Abu Dhabi Cantarell Complex Mexico Manifa Saudi Arabia Kirkuk Iraq Gashsaran Iran Abqaiq Saudi Arabia Ahwaz Iran Marun Iran Samotlor Russia Agha Jari Iran Zuluf Saudi Arabia Prudhoe Bay Alaska We have allocated 507 out of the estimated oilfields in the world to be giant oilfields. The URR numbers from open published data in different magazines varies and adding the URR of the 507 giant oil fields we get a number between 1550 and 1150Gb. Thus, if using 2250Gb as a global value of URR, the giant fields represent about 65 per cent of the global URR Numbers for the top 18 giant fields are given in the table. Source: AAPG, OGJ, EIA The Important Parameter Giant Fields Giant fields compared to other fields with respect to: Number of fields URR Daily Production Giant Oil Fields ~1 % Other Oil Fields ~99 % URR of the Giant Oil Fields >50% URR from other oil fields < 50% Production from the 100 largest giants Other Oil Field <50% Production >50% Källa: AAPG, OGJ, Simmons & Company International
18 , professor, Uppsala universitet The Elephant Oil End Game Cantarell is speaking with Ghawar, Greater Burgan and Safaniya waiting Cantarell is declining
19 , professor, Uppsala universitet Giant fields Production of oil The Uppsala GES Giant Oilfield Model The production of oil can be divided into the following fractions: 1. Giant oil fields long term 2. Smaller oil fields long term 3. Heavy oil long term 4. New fields developments medium term 5. Deep water medium term 6. Natural gas liquids long term Thesis by Fredrik Robelius: Giant Oil Fields Highway to oil,
20 , professor, Uppsala universitet Jack 2 Kebnekaise and Mount Everest meter meter meter Jack 2 The Worst and Best Oil End Games
21 , professor, Uppsala universitet Data Support a Worst Case Oil End Game Depletion rates for USA Production Depletion = Reserves Peak Oil year
22 , professor, Uppsala universitet Decline in existing fields: ExxonMobil Data Support a Worst Case Oil End Game Production from existing oilfields decline with 3 million barrels per day in one year. In 4,5 years the production from existing oilfields will be 71 million barrels per day. We must find new oilfields and put them in production. A production of 3 million barrels per day is 1,1 billion barrels per year and to be able to produce this oil a reserve of 27 billion barrels is needed. A plateau production will need this level of new reserves every year. 2012
23 , professor, Uppsala universitet GDP and oil use per capita Share of oil in commercial energy supply
24 , professor, Uppsala universitet GDP per capita The Oil End Game in SSA
25 , professor, Uppsala universitet Preparations for First Forum Leipzig May 2008
26 , professor, Uppsala universitet Uppsala Global Energy Systems The Peak Oil River Race Oil Endgame
27 , professor, Uppsala universitet We have to build a Crash Mat Global Energy Systems Web page: Aleklett blog: aleklett.wrodpress.com ASPO:
Giant Oil Fields of the World
Giant Oil Fields of the World Presentation AIM Industrial Contact Day Monday 23 rd May 25 Fredrik Robelius M.Sc. Petroleum Engineering (almost ) M.Sc. Engineering Physics Introduction Is Peak Oil here
More informationKjell Aleklett. Bergen 2012-02-13 Energiforum
Bergen 2012-02-13 Energiforum Department of Earth Sciences Global Energy Systems Uppsala University, Sweden Kjell.aleklett@fysast.uu.se www.fysast.uu.se/ges Blog: aleklett.wordpress.com BBC November 9,
More informationTHE WORLD S GIANT OILFIELDS
THE WORLD S GIANT OILFIELDS *How Many Exist? *How Much Do They Produce? *How Fast Are They Declining? by Matthew R. Simmons SIMMONS & COMPANY INTERNATIONAL Note to cover page: 19 of the world s oilfield
More informationPetrotech 2003 Hydrocarbons Resources. Forecast of oil and gas supply to 2050. Jean Laherrere. E-mail: jean.laherrere@wanadoo.fr
Petrotech 23 New Delhi Petrotech 23 Hydrocarbons Resources Forecast of oil and gas supply to 25 E-mail: jean.laherrere@wanadoo.fr Overheads presented during the conference: Definitions: They vary: Production:
More informationA Detailed Assessment of Global Oil Capacity and Prices Through 2030
A Detailed Assessment of Global Oil Capacity and Prices Through 2030 Dr. Sadad I. Al Husseini Oil and Money Conference London October 30, 2007 Oil prices continue to rise in spite of OPEC capacity announcements
More informationhttp://uu.diva-portal.org
http://uu.diva-portal.org This is an author produced version of a paper published in Energy Policy. This paper has been peer-reviewed but does not include the final publisher proofcorrections or journal
More informationMarch 2015 MEGATRENDS IN THE OIL AND GAS INDUSTRY
March 2015 MEGATRENDS IN THE OIL AND GAS INDUSTRY Cautionary Statement The following presentation includes forward-looking statements. These statements relate to future events, such as anticipated revenues,
More informationM. KING HUBBERT CENTER FOR PETROLEUM SUPPLY STUDIES
HUBBERT CENTER NEWSLETTER # 2002/1 M. KING HUBBERT CENTER FOR PETROLEUM SUPPLY STUDIES M. KING HUBBERT CENTER Petroleum Engineering Department COLORADO SCHOOL OF MINES GOLDEN CO 80401-1887 THE WORLD S
More informationChanges in Supply of and Demand for Crude Oil: Implications for Oil Price
Changes in Supply of and Demand for Crude Oil: Implications for Oil Price 1 Paul R. Kutasovic Economic Consultant and Professor, New York Abstract The rise in oil prices since the end of the 2007-09 recession
More informationImpact of U.S. Shale Oil Revolution on the Global Oil Market, the Price of Oil & Peak Oil
International Association for Energy Economics 27 Impact of U.S. Shale Oil Revolution on the Global Oil Market, the Price of Oil & Peak Oil By Mamdouh G. Salameh* Introduction Much has been written about
More informationRush hour in Kolkata (formerly Calcutta), India. Between 1990 and 2000, the number of motor vehicles per capita more than doubled in four
Rush hour in Kolkata (formerly Calcutta), India. Between 1990 and 2000, the number of motor vehicles per capita more than doubled in four Asia-Pacific nations: South Korea, the Philippines, India, and
More informationIEA-IEF-OPEC Outlook Comparison
IEA-IEF-OPEC Outlook Comparison Richard Newell, Director, Duke University Energy Initiative Gendell Professor of Energy and Environmental Economics, Nicholas School of the Environment Sixth IEA-IEF-OPEC
More informationOil Markets Update- October 2015
SICO Research November 23, - October Crude prices remain low in October led by oversupply and weak economic indicators October has been a volatile month for crude prices; Brent reached USD 53.05/bbl in
More informationUnconventional Oil Potential Tends to Change the World Oil Market
Energy Science and Technology Vol. 4, No. 1, 2012, pp. 68-74 DOI:10.3968/j.est.1923847920120401.178 ISSN 1923-8460[PRINT] ISSN 1923-8479[ONLINE] www.cscanada.net www.cscanada.org Unconventional Oil Potential
More informationGCC in times of cheap oil: an opportunity for economic reform and diversification
GCC in times of cheap oil: an opportunity for economic reform and diversification Kevin Körner & Oliver Masetti GCC in times of cheap oil: an opportunity for economic reform and diversification, June 215
More informationOil Market Outlook. March 2016. Compiled by Dr Jeremy Wakeford
Oil Market Outlook March 2016 Compiled by Dr Jeremy Wakeford Highlights Oil prices have remained very weak in recent months, with the Brent benchmark averaging $31/bbl in January and $32/bbl in February
More informationEnergy Prices. Presented by: John Heffernan
Global Wholesale Energy Prices Presented by: John Heffernan Energy in 2012 In 2012, the growth in Energy consumption slowed in 2012 90% of this growth came from China & India Consumption & production of
More information[]n. Craving energy. Oil and gas formation. Oil and gas formation. Resources: Fossil Fuels. Supplying our energy needs: Source of energy in the US
Craving energy Supplying our energy needs: Source of energy in the US Resources: Fossil Fuels Energy consumption in the US Reading: Ch 13 Oil and gas formation Oil and gas formation 1. Need accumulation
More informationPeak Oil and Switzerland s Opportunities in Clean Tech
Peak Oil and Switzerland s Opportunities in Clean Tech Dr. Daniele Ganser, Swiss Institute für Peace and Energy Research (SIPER), Basel A white paper written in cooperation with DWS Investments September
More informationUNECE Energy Week Geneva. in Energy Security
UNECE Energy Week Geneva Investing in Energy Security Committee on Sustainable Energy and related Meetings Wednesday 28 November 2007 Special Session: Investing in and Financing the Hydrocarbon Sector
More informationWorking Paper Research Unit Global Issues Stiftung Wissenschaft und Politik German Institute for International and Security Affairs.
Working Paper Research Unit Global Issues Stiftung Wissenschaft und Politik German Institute for International and Security Affairs Friedemann Müller Paper presented at KAS CFIE CFISAE AHK International
More informationEnergy Megatrends 2020
Energy Megatrends 2020 Esa Vakkilainen 1 NOTE The data included in the following is mainly based on International Energy Agency's (IEA) World Energy Outlook 2007 IEA is considered the most reliable source
More informationThe Long-Term Outlook for Energy
Executive Summary Since our late 2010 update, the world has experienced a wave of political demonstrations, a natural disaster in Japan, and additional financial strain. In the midst of this backdrop,
More informationThe Impact of Dollar Devaluation on World Oil Industry: Do Exchange Rates Matter?
The Impact of Dollar Devaluation on World Oil Industry: Do Exchange Rates Matter? A. F. Alhajji, Ph.D. Associate Professor College of Business Administration Ohio Northern university Ada, Oh, 4581 A. F.
More informationRecent Oil-Market Developments: Causes and Implications
Recent Oil-Market Developments: Causes and Implications Statement of Professor Robert J. Weiner Professor of International Business, Public Policy & Public Administration, and International Affairs, George
More informationOil, Natural Gas and YOUR FUTURE
Oil, Natural Gas and YOUR FUTURE In the uncomfortably near future, the costs of oil and gas will not be measured in just dollars and cents. It will also be measured in the changes to our quality of life,
More informationINTRODUCTION. Production / Extraction of Oil. Distribution & Sale to refined products to end users
CRUDE OIL INTRODUCTION Crude oil holds prominence as input to the global growth engine since it is the most important source of energy accounting for more than two fifth of the global energy consumption.
More informationOil Companies Capital Expenditure : Business Cycle Perspective
15 th U.S. China Oil & Gas Industry Forum Oil Companies Capital Expenditure : Business Cycle Perspective China National Petroleum Corporation: Zhen WANG September 17, 2015 Outline Business Cycle, Oil Price
More informationImpact of world economic crisis on the oil markets and economic growth in Arab Countries development
Impact of world economic crisis on the oil markets and economic growth in Arab Countries development ADNAN SHIHAB -ELDIN 31 OCTOBER, 2011 KUWAIT Outline Summary of World Economy Outlook Impact of financial
More informationNatural Gas Supply and Development - North American Oil
Chapter One Crude Oil and Natural Gas Resources and Supply Abstract Prudent development of North American crude oil and natural gas resources should begin with a reliable understanding of the resource
More information2014 BP Madrid forum on energy & sustainability BP 2014
14 BP Madrid forum on energy & sustainability BP 14 Contents Global energy trends Liquid fuels Refining implications European focus Energy Outlook 35 BP 14 Primary energy consumption growth slows and the
More informationA Survey on Pricing of Asian Marker Crude Oil and Formation of Appropriate Market Prices 1
A Survey on Pricing of Asian Marker Crude Oil and Formation of Appropriate Market Prices 1 Yasuhiko Nagata, Senior Economist, Oil and Gas Strategy Group, Strategy and Industry Research Unit Sanae Kurita,
More informationGlobal growth rates Macroeconomic indicators CEDIGAZ Reference Scenario
Medium and Long Term Natural Gas Outlook CEDIGAZ February 215 Global growth rates Macroeconomic indicators CEDIGAZ Reference Scenario 4 3 %/year 199-213 213-235 6 Main consuming markets - %/year (213-235)
More informationWeekly Petroleum Status Report
DOE/EIA-0208(2013-04) Distribution Category UC-98 Data for Week Ended: January 25, 2013 Weekly Petroleum Status Report EIA DATA ARE AVAILABLE IN ELECTRONIC FORM The tables in the Weekly Petroleum Status
More informationThe three crises: oil prices, climate change and international debt
climate@feasta.org www.feasta.org 10A Lower Camden Street, Dublin 2, Ireland The three crises: oil prices, climate change and international debt Crises create opportunities. Global crises require global
More informationFalling Oil Prices and US Economic Activity: Implications for the Future
Date Issue Brief # I S S U E B R I E F Falling Oil Prices and US Economic Activity: Implications for the Future Stephen P.A. Brown December 2014 Issue Brief 14-06 Resources for the Future Resources for
More informationOil and Gas Steve Oliver
English for Global Industries Oil and Gas Steve Oliver Contents Sections 1 Oil and Gas 2 Working on a Rig 3 Drilling Operations 4 Geological and Geophysical Operations 5 Producing and Delivering Units
More informationSTEO Supplement: Why are oil prices so high?
STEO Supplement: Why are oil prices so high? During most of the 1990s, the West Texas Intermediate (WTI) crude oil price averaged close to $20 per barrel, before plunging to almost $10 per barrel in late
More informationEIA s U.S. Crude Oil Import Tracking Tool: Selected Sample Applications
EIA s U.S. Crude Oil Import Tracking Tool: Selected Sample Applications November 2014 Independent Statistics & Analysis www.eia.gov U.S. Department of Energy Washington, DC 20585 This report was prepared
More informationEnergy supply and consumption
Energy 2014 Energy supply and consumption 2014, 2nd quarter Total energy consumption fell by 7 per cent in January to June According to Statistics Finland's preliminary data, total energy consumption in
More informationOil Price and Korean Economy
Oil Price and Korean Economy April 17, 2015 Jaerang Lee - Contents - I. Oil Price Outlook II. Effects on Korean Economy III. Conclusion I. Oil Price Outlook Oil prices have lowered to around mid 50 dollars
More informationJean-Yves Garnier Independent Consultant
Jean-Yves Garnier Independent Consultant JODI is much more than a database The JODI Databases Cooperation Harmonisation between organisations Image Coverage Cooperation between Countries and Organisations
More informationThe Oil Market to 2030 Implications for Investment and Policy
This article copyrighted by the International Association for Energy Economics The article first appeared in Economics of Energy & Environmental Policy (Vol. 1, No. 1). Visit this paper online at http://www.iaee.org/en/publications/eeepjournal.aspx
More informationPresentation to the Angola Field Group at the Viking Club Luanda - Angola February 5, 2015. Tako Koning, Senior Petroleum Geologist
Fracking for Oil in the USA and its Impact on Angola s Economy Presentation to the Angola Field Group at the Viking Club Luanda - Angola February 5, 2015 Tako Koning, Senior Petroleum Geologist The presenter:
More informationCanada s Energy Sector in a Changing Global Market. Kristi Varangu Director, International Energy Division March 10, 2014
Canada s Energy Sector in a Changing Global Market Kristi Varangu Director, International Energy Division March 10, 2014 2 Purpose Illustrate the profound changes that are taking place in global and North
More informationTHE WORLD OIL MARKET. Mohan G. Francis
THE WORLD OIL MARKET Mohan G. Francis With the Bush administration busily moving military forces to the Gulf region, the sense of an impending war has begun to make an impact on the world petroleum markets.
More informationEnergy [R]evolution vs. IEA World Energy Outlook scenario
Energy [R]evolution vs. IEA World Energy Outlook scenario New set of scenarios takes climate crisis into account World Energy Outlook (WEO) 2008 for the first time takes the climate crisis really into
More informationThe Global Commission on the Economy and Climate. Major Economies Forum, Paris
The Global Commission on the Economy and Climate Major Economies Forum, Paris Jeremy Oppenheim, Programme Director 11 th July 2014 Purpose of the Global Commission Reframe the debate about economic growth
More informationTexas: An Energy and Economic Analysis
Texas: An Energy and Economic Analysis Posted on 9/30/2013 Texas leads the nation in oil and natural gas reserves and production. In just over 2 years, Texas has doubled its oil production with large quantities
More informationWorld Oil Markets: Implications for Consumers, Producers, and the World Economy. James D. Hamilton Dept. of Economics, UCSD
World Oil Markets: Implications for Consumers, Producers, and the World Economy James D. Hamilton Dept. of Economics, UCSD 1 Inflation-adjusted price of crude oil (West Texas Intermediate, 2008 dollars)
More informationEnergy Briefing: Global Crude Oil Demand & Supply
Energy Briefing: Global Crude Oil Demand & Supply November 6, 215 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Please visit our sites at www. blog. thinking outside the
More informationKjell Aleklett. Jordens resurser Mittuniversitetet, Östersund, 16 maj, 2012
1 Jordens resurser Mittuniversitetet, Östersund, 16 maj, 2012 Department of Earth Sciences President of ASPO International Global Energy Systems Uppsala University, Sweden Kjell.aleklett@geo.uu.se www.fysast.uu.se/ges
More informationTime for take-off The MEED Insight Renewable Energy Webinar 29 April 2013
Time for take-off The MEED Insight Renewable Energy Webinar 29 April 2013 The agenda The global trends Latest ME renewable forecast Country reviews Morocco Algeria Egypt Saudi Arabia and the GCC The global
More informationEnergy return on investment, peak oil, and the end of economic growth
Ann. N.Y. Acad. Sci. ISSN 0077-8923 ANNALS OF THE NEW YORK ACADEMY OF SCIENCES Issue: Ecological Economics Reviews Energy return on investment, peak oil, and the end of economic growth David J. Murphy
More informationStatoil, Venezuela and Plataforma Deltana. Marcel Kramer President, Statoil Venezuela Venezuela Energy Symposium Washington, D.C.
Statoil, Venezuela and Plataforma Deltana Marcel Kramer President, Statoil Venezuela Venezuela Energy Symposium Washington, D.C. - 17 July 2003 Agenda Company Description Statoil in Venezuela Plataforma
More informationGAO CRUDE OIL. Uncertainty about Future Oil Supply Makes It Important to Develop a Strategy for Addressing a Peak and Decline in Oil Production
GAO United States Government Accountability Office Report to Congressional Requesters February 2007 CRUDE OIL Uncertainty about Future Oil Supply Makes It Important to Develop a Strategy for Addressing
More informationThe shale revolution - impact on the global oil and gas market
The shale revolution - impact on the global oil and gas market Thina Margrethe Saltvedt, Senior Analyst, Macro/Oil March 2013 @ThinaSaltvedt Brief intro to the oil market Drivers of the oil price Short-term
More informationThe lower energy and feedstock prices overall have the following effects:
Impact of lower oil price on the European Chemical Industry Executive summary Oil prices have seen a rapid drop over the past six months with the price per barrel sinking to its lowest point since 2009.
More information2015 Oil Outlook. january 21, 2015
MainStay Investments is pleased to provide the following investment insights from Epoch Investment Partners, Inc., a premier institutional manager and subadvisor to a number of MainStay Investments products.
More informationThe Energy Situation and Market in Brazil
Solarthermie in Brasilien Darmstadt, 13.11.2012 The Energy Situation and Market in Brazil Prof. Dr. Terence Trennepohl Post-doc at Harvard University Pillsbury Winthrop Shaw Pittman LLP, New York Outline
More informationOVERLAND PIPELINE OPTIONS
Working Document of the NPC Study: Arctic Potential: Realizing the Promise of U.S. Arctic Oil and Gas Resources Made Available March 27, 2015 Paper #7-9 OVERLAND PIPELINE OPTIONS Prepared for the Technology
More informationLCA of different conventional crude oil production technologies Dipl.-Ing. Oliver Schuller
LCA of different conventional crude oil production technologies Dipl.-Ing. Oliver Schuller Dipl.- Ing. Sebastian Schmidt Outline Motivation and objective Definitions and description of technologies Development
More informationOutlook for Oil and Natural Gas Markets
Outlook for Oil and Natural Gas Markets Helen Currie, PhD Senior Economist Legislative Finance Committee State of New Mexico 09-July-2014 Farmington, New Mexico Cautionary Statement The following presentation
More information2. as source of heat in processes requiring large amounts of caloric energy
Mr. Giacomo Luciani The Gulf Countries and Nuclear Energy In recent months, the GCC and its member countries have manifested an interest in the development of peaceful uses of nuclear technology, meaning
More informationPlenary Session One. The New Geography of Energy: Business as Usual or a New Era for Energy Supply and Demand?
Plenary Session One The New Geography of Energy: Business as Usual or a New Era for Energy Supply and Demand? 15 May 2014 Overview The pattern of global energy supply and demand that has prevailed over
More informationRegional Electricity Supply Issues: Coping with Capacity Needs
Regional Electricity Supply Issues: Coping with Capacity Needs IDEA International District Cooling Symposium October 2007 Dubai, United Arab Emirates President Mark Spurr Legislative Director District
More informationSolar Energy in Germany
Focus on Germany London Office The Chandlery Office 609 50 Westminster Bridge Road GB London SE1 7QY Tel 00 44 20 77 21 87 45 Fax 00 44 20 77 21 87 46 feslondon@dial.pipex.com www.fes.de/london March 2006
More informationTHE OIL COMPANIES APPROACH TO RENEWABLE ENERGY
1 THE OIL COMPANIES APPROACH TO RENEWABLE ENERGY Ana Penha, Freelancer, Portugal penhitaemcasa@yahoo.com SUMMARY The research for this thesis, submitted in May 2009, focuses on the reasons for oil companies
More informationIssue paper: Definition of primary and secondary energy
Issue paper: Definition of primary and secondary energy Prepared as input to Chapter 3: Standard International Energy Classification (SIEC) in the International Recommendation on Energy Statistics (IRES)
More informationEurope s Refining Industry under Pressure Medium Term Outlook and Implications for Security of Supply
Europe s Refining Industry under Pressure Medium Term Outlook and Implications for Security of Supply Network Oil & Gas Seminar Stockholm, 31 October 2012 Toril Bosoni About the IEA The IEA was established
More informationInternational Energy Outlook 2007
DOE/EIA-0484(2007) International Energy Outlook 2007 May 2007 Energy Information Administration Office of Integrated Analysis and Forecasting U.S. Department of Energy Washington, DC 20585 This publication
More informationComparison of Electricity Supply and Tariff Rates in South Asian Countries
Comparison of Electricity Supply and Tariff Rates in South Asian Countries By Faisal Jamil, Energy Specialist (Economics) Introduction A reliable, accessible and affordable supply of energy produced in
More informationHow To Predict The Price Of Crude Oil
Petroleum & Coal ISSN 1337-7027 Available online at www,vurup,sk/pc Petroleum & Coal 50 (3), 62-66, (2008) Long term prognosis of crude oil price variation K. Petkov, D. Stratiev Lukoil Neftochim Bourgas,
More informationThe Origins of the Global Oil Price Collapse and Potential Investment Opportunities
The Origins of the Global Oil Price Collapse and Potential Investment Opportunities Arthur E. Berman, Petroleum Geologist Labyrinth Consulting Services, Inc. Houston, Texas February 25, 2016 Slide 1 The
More informationElectricity Rates Forecasting:
Electricity Rates Forecasting: Muskrat Falls Will Options: Stabilize Rates for Consumers Legal S92A, Good Faith and Regulatory Proceedings in Quebec Department of Natural Resources October 2012 Department
More informationCrude Oil and LNG Exports
Crude Oil and LNG Exports Yale Alumni in Energy Conference April 2015 Claudia Duncan Crude Oil Export Policy - History 1920: Mineral Leasing Act Endows federal government with authority to manage exploration
More informationU.S. Energy Outlook. Oil and Gas Strategies Summit May 21, 2014 New York, NY. By Adam Sieminski, EIA Administrator
U.S. Energy Outlook May 21, 214 New York, NY By Adam Sieminski, EIA Administrator U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov The U.S. has experienced a rapid increase
More informationInitiative. arbon Tracker. Carbon supply cost curves: oil capital expenditures
Initiative arbon Tracker Carbon supply cost curves: oil capital expenditures About Carbon Tracker markets. Contact James Leaton Research Director Team Members Jeremy Leggett Chairman Mark Campanale Anthony
More informationShort-Term Energy Outlook Market Prices and Uncertainty Report
February 2016 Short-Term Energy Outlook Market Prices and Uncertainty Report Crude Oil Prices: The North Sea Brent front month futures price settled at $34.46/b on February 4 $2.76 per barrel (b) below
More informationOUR CONVERSATION TODAY
OUR CONVERSATION TODAY Our goal is to raise the level of awareness around the natural gas supply chain among key stakeholders in order to facilitate positive working relationships and more informed decision
More informationGEOPOLITICS OF ENERGY AND ENERGY SECURITY A EUROPEAN PERSPECTIVE
GEOPOLITICS OF ENERGY AND ENERGY SECURITY A EUROPEAN PERSPECTIVE Jean-Paul Decaestecker Council of the European Union Energy Foresight Symposium 2007 BERGEN, 22-23 March 2007 EFS 2007 The views expressed
More informationSaudi Arabia's Upstream and Downstream Expansion Plans for the Next Decade:
Center for Strategic and International Studies Arleigh A. Burke Chair in Strategy 1800 K Street, N.W. Suite 400 Washington, DC 20006 Phone: 1 (202) 775-3270 Fax: 1 (202) 457-8746 Saudi Arabia's Upstream
More informationBEATING THE HIRING CYCLE OIL AND GAS COMPANIES NEED TO REDESIGN THEIR HUMAN RESOURCES PROCESSES. Bill Heath Robert Peterson Susie Scott
BEATING THE HIRING CYCLE OIL AND GAS COMPANIES NEED TO REDESIGN THEIR HUMAN RESOURCES PROCESSES Bill Heath Robert Peterson Susie Scott In the past 12 months, oil and gas companies have been forced to do
More informationEnergy Projections 2006 2030 Price and Policy Considerations. Dr. Randy Hudson Oak Ridge National Laboratory
Energy Projections 2006 2030 Price and Policy Considerations Dr. Randy Hudson Oak Ridge National Laboratory There is perhaps no single current topic so potentially impacting to all life on this planet
More informationT a b l e. o f. C o n
World Energy Outlo ok 2010 T a b l e PART A GLOBAL ENERGY TRENDS o f C o n te PART B OUTLOOK FOR RENEWABLE ENERGY PART C ACHIEVING THE 450 SCENARIO AFTER COPENHAGEN n t s PART D OUTLOOK FOR CASPIAN ENERGY
More informationEffect of Increased Natural Gas Exports on Domestic Energy Markets
Effect of Increased Natural Gas Exports on Domestic Energy Markets as requested by the Office of Fossil Energy January 2012 This report was prepared by the U.S. Energy Information Administration (EIA),
More informationStandard Note: SN/SG/2106 Last updated: 28 January 2014 Author: Paul Bolton Section Social & General Statistics
Oil prices Standard Note: SN/SG/216 Last updated: 28 January 214 Author: Paul Bolton Section Social & General Statistics Oil prices peaked at almost $15 Dollars a barrel in July 28 and fell sharply in
More informationWhy clean transportation alternatives are still needed to promote world-wide economic growth (the Oil Problem is not going away)
Why clean transportation alternatives are still needed to promote world-wide economic growth (the Oil Problem is not going away) Carmine Difiglio, Ph.D. U.S. Department of Energy Transportation Research
More informationOil and Natural Gas Analysis at Norges Bank. Pål Winje ( International Department), workshop on modeling and forecasting oil prices, 22 March 2012
Oil and Natural Gas Analysis at Norges Bank Pål Winje ( International Department), workshop on modeling and forecasting oil prices, 22 March 212 The Norwegian Petroleum Sector as a Share of Macroeconomic
More informationFOR IMMEDIATE RELEASE CANADA HAS THE BEST REPUTATION IN THE WORLD ACCORDING TO REPUTATION INSTITUTE
FOR IMMEDIATE RELEASE CANADA HAS THE BEST REPUTATION IN THE WORLD ACCORDING TO REPUTATION INSTITUTE Study reveals interesting developments in countries reputations amidst the Euro crisis, the rise of Asia
More informationGLOBAL DYNAMICS OF OIL PRICE RUCHAN KAYA SENIOR RESARCH FELLOW, ENERGY AND INTERNATIONAL RELATIONS EXPERT, HASEN
MESUT RUCHAN HAKKI KAYA CASIN 146 GLOBAL DYNAMICS OF OIL PRICE FLUCTUATIONS RUCHAN KAYA SENIOR RESARCH FELLOW, ENERGY AND INTERNATIONAL RELATIONS EXPERT, HASEN The crude oil saw the lowest price levels
More informationBox 6 International Oil Prices: 2002-03
Annual Report 2002-03 International Oil Prices: 2002-03 Box 6 International Oil Prices: 2002-03 Notwithstanding the state of the world economy, characterised by sluggish growth in 2002, the world crude
More informationTwo types of STP - & US shale gas revolution
Domino Effects of US Shale Gas Revolution: International Consequences in Institutional Sphere Prof. Dr. Andrey A.Konoplyanik, Adviser to Director General, Gazprom export LLC; Professor, Chair International
More informationNBER WORKING PAPER SERIES UNDERSTANDING CRUDE OIL PRICES. James D. Hamilton. Working Paper 14492 http://www.nber.org/papers/w14492
NBER WORKING PAPER SERIES UNDERSTANDING CRUDE OIL PRICES James D. Hamilton Working Paper 14492 http://www.nber.org/papers/w14492 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge,
More information(2) Fiscal policy in all countries needs to be cast in a mediumterm FISCAL POLICY IN OIL EXPORTING COUNTRIES AND THE ROLE OF STABILIZATION FUNDS
FISCAL POLICY IN OIL EXPORTING COUNTRIES AND THE ROLE OF STABILIZATION FUNDS Ugo Fasano (IMF) U.N. Workshops Bonn, May 2003 (2) Fiscal policy in all countries needs to be cast in a mediumterm framework
More informationNorwegian Energy Production and Consumption
Norwegian Energy Production and Consumption Peter Føllesdal Brown Assistant Director General Energy and Water Resources Department, MPE Oslo, 13 May 2015 Norway and EU Commissioner Miguel Arias Cañete
More informationOil Markets into 2006. Peter Davies Chief Economist, BP plc British Institute of Energy Economics London. 24 January, 2006
Oil Markets into 26 Peter Davies Chief Economist, BP plc British Institute of Energy Economics London. 24 January, 26 Outline Oil and energy today How did we get to here? Prospects for 26 Into the medium
More informationWORLD ENERGY OUTLOOK 2014 FACTSHEET How will global energy markets evolve to 2040?
How will global energy markets evolve to 2040? In the New Policies Scenario, energy demand grows by 37% to 2040 on planned policies, an average rate of growth of 1.1%. Demand grew faster over the previous
More informationSupporting technology development: The role of the public sector in Mexico
Supporting technology development: The role of the public sector in Mexico Heavy Oil Working Group August 2011 Dr. Edgar Rangel Germán Commissioner 1 Outline Mexico s s energy reform and the new E&P regulatory
More information