Sentences with phrase «of global oil consumption»

This represents, for all plastics (not just packaging), about 6 % of global oil consumption, which is equivalent to the oil consumption of the global aviation sector.

Recently, Ecuador nearly doubled its estimates of the ITT block's reserves, although even this amount is equal to merely seventeen days of global oil consumption.

Lazarus said even though the pipeline's capacity would represent only about one per cent of global oil consumption, that would still be enough to incrementally move markets.

Not exact matches

The net bullish position was equivalent to 1.411 billion barrels of crude and fuels - enough to satisfy global oil consumption for more than two weeks.

Global shale resources are vast enough to cover more than a decade of oil consumption, according to the first - ever U.S. assessment of reserves from Russia to Argentina.

The paper's authors apply a simple model of the world oil market to reach their conclusions, which are driven by the potential for the pipeline to increase global oil supply, thus lowering oil prices and increasing consumption.

They assume that KXL adds 800,000 barrels of new oil to global supply, at any price, and examine the degree to which this additional supply will affect global consumption.

To get a sense of the enormity of that task, consider calculations from the International Energy Agency that show global oil consumption will need to fall to 80 million barrels a day by 2035 if we're to limit atmospheric carbon to 450 parts per million.

Virgin coconut oil consumption during chemotherapy also helped improve the functional status and global Quality Of Life of these breast cancer patientOf Life of these breast cancer patientof these breast cancer patients.

The increases imposed on the price of crude oil by the Organization of the Petroleum Exporting Countries (OPEC) since 1973 show how global consumption can change.

For every barrel of extra oil obtained from tar sands as a result of the pipeline, global oil consumption would increase by 0.6 barrels, because the extra oil would lower oil prices and encourage people to use more.

If global oil consumption continues to rise at the current rate of 1.3 per cent per year, the planet's proven oil reserves of 1.332 trillion barrels are expected to run out in 2041.

Global natural gas consumption grew by 2.2 percent to 2,987 million tons of oil equivalent (mtoe) in 2012 — more than triple the consumption recording in 1970, according to the report.

U.S. will dominate in oil and gas For the first time in 2012, global gas production exceeded 3 billion metric tons, marking the third consecutive year of both rising production and consumption, according to the report.

Thus, increasing awareness regarding the health benefits of omega - 3 fatty acids, which has in turn resulted in increasing direct human consumption (DHC) of fish oils, is driving the global fish oil market.

Although the growth rate of coal slows from the breakneck pace of the last decade, global coal consumption by 2017 stands at 4.32 billion tonnes of oil equivalent (btoe), versus around 4.40 btoe for oil, based on IEA medium - term projections.

If the current strong growth of plastics usage continues as expected, the plastics sector will account for 20 % of total oil consumption and 15 % of the global annual carbon budget by 2050.

Boyce observed that coal has been the world's fastest - growing fuel this past decade, with demand growing at nearly twice the rate of natural gas and hydro power and more than four times faster than global oil consumption.

Here are recent statements by vocal media impressarios and think tanks who spend their time, not in a laboratory, but in the popular media trying to convince the public that global warming is either not happening, or is not caused by our continued consumption of fossil fuels (oil, coal, gas etc).

Powerful impetus from other sectors is enough to keep oil demand on a rising trajectory to 105 mb / d by 2040: oil use to produce petrochemicals is the largest source of growth, closely followed by rising consumption for trucks (fuel - efficiency policies cover 80 % of global car sales today, but only 50 % of global truck sales), for aviation and for shipping.

An IEA collective action would be initiated in response to a significant global oil supply disruption and would involve IEA Member Countries making additional volumes of crude and / or product available to the global market (either through increasing supply or reducing demand), with each country's share based on national consumption as part of the IEA total oil consumption.

Empirically, as of 2015, low fossil fuel prices are due mostly to market manipulation, and will end when the Saudis decide to quit subsidizing global consumption (esp of oil).

In contrast, fossil fuels like oil, gas and coal are not renewable and their consumption is the leading cause of global warming.

Offshore oil and gas exploration have devastating impacts on the local environment and climate, and the continued extraction and consumption of fossil fuels is incompatible with the Paris agreement and limiting global warming below 1.5 °C.

Policymakers have moved more slowly to address both the global warming gas emissions and oil consumption of motor vehicles.

By some estimates, a phase out of global fossil fuel consumption and production — particularly coal and oil — will need to be nearly complete within 50 years.

There are also concerns that pumping sequestered CO2 into oil and gas wells to help make the fuels easier to pump out of the ground will lead to further consumption of fossil fuels, and CO2 emissions, thus adding to global warming.

Experts agree that a shift in our energy and consumption is necessary to avert catastrophe brought on by global warming, yet there is strong resistance to a major move away from a coal - fired electricity and oil - based economy to one based on alternative sources of renewable energy.

In 2016, only 3.7 billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 percent of global proved reserves.

ie as consumers are able to drop the cost of energy from their budgets through domestic solar and other, living standards will increase even as global oil prices steadily rise, and grid energy will increase in cost due to altered consumption patterns.

First, the growing threat of global warming requires deep reductions in national and global oil consumption starting now, peak or no peak.

The effects of oil price on the development of renewables and the global distribution of consumption is likely to be convoluted and issues such as trade and technology transfer will be of great importance.

The energy system is both a source of emissions that lead to global warming and it can also be directly affected by climate change: through changes in our energy consumption patterns, potential shutdowns of offshore oil and gas production, changing ice and snow conditions in the oil production regions of Alaska, changing sea ice conditions in the Arctic Ocean and the implications for shipping routes, and impacts of sea - level rise on coasts, where so much of our energy facility infrastructure is located.

Just as diversity through electricity was the key to America's industrial sector being able to increase productivity without increasing oil consumption, so too is it one of two keys (the other being diversity through biofuel) to fueling the growing number of vehicles expected on global highways without adding to the strain on global oil supplies and without everyone choking on their own exhaust.

Analysis in the new WEO - 2017 showed that for the first time the largest share of global subsidies that benefit fossil fuel consumption went to keep electricity prices artificially low (41 % of the global total), ahead of oil (40 %) and natural gas.

Investing in technologies that increase the fuel economy of America's vehicle fleet will create domestic jobs, save consumers money at the pump, cut global warming pollution, and put us on a path to cut projected U.S. oil consumption in half over the next 20 years.

These standards will reduce America's consumption of oil, save consumers money at the gas pump, and protect public health and the environment by curbing global warming pollution.

We focus on the fossil fuel industry because we view the production and consumption of oil, gas and coal as sources of global warming, human rights abuses, war, national security concerns, corporate globalization, and increased inequality.

This study shows Brazilian sugarcane ethanol could displace up to 13 % of global crude oil consumption by 2045 whilst balancing forest conservation and future land demand for food.

«In 2014, the global consumption of coal, oil and natural gas reached 8.2 billion tons, 33.6 billion barrels and 3.5 trillion cubic meters respectively, which can sustain [the world] for 110, 53 and 54 years if the current exploration intensity still maintains,» Liu said.

While in Britain researchers have found organic sales suffering slightly as consumers feel the gloom of high oil prices and global economic woes, in Denmark organic food consumption,

In 2006 alone, oil producing companies and countries burned close to 170 billion cubic meters of natural gas, equivalent to a whopping 27 % of total U.S. natural gas consumption or 5.5 % of total global production of natural gas.

Transportation is responsible for two - thirds of US oil consumption and nearly 40 percent of the country's global warming pollution on a life cycle basis.

Weaver argues that the climate effects of oil sands development will have only a small effect on global temperatures and that the potential of coal and gas consumption to contribute to serious climate change is much greater.

Please note the UN now estimates that world population will peak at around 9 billion at mid-century; world oil consumption goes up every year and yet proven reserves continue to expand; global coolers have morphed into global warmers; of the 100 species allegedly extinguishing per day — name one that went extinct today — or even during the last 5 years.

The concern over China's slowing economy and associated decline in oil consumption coupled with an ongoing global surplus of oil supplies has meant that the